Hello,Traders! GBP-NZD is retesting a Horizontal support of 2.068 From where we are likely To see a local bullish rebound Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
OANDA:GBPNZD Price currently at the possible rebound area where we can expect price to reverse from, upcoming weeks expecting GBP to be bullish against NZD. However, first we will have to wait for price to reject and rebound strongly. Based on that you may take entry using accurate risk management. At least eying at 700-800 pips. Good Luck and Trade Safe....
GBPNZD has been in downtrend and now it has reached a key level which can be new Resistance zone while previously it was a Support Zone. If price breaks the Lower Low then the Resistance area will be confirmed.
Once #GBPNZD breaks the falling wedge, we expect price to gain momentum and buyers step in. Note positive divergence as well giving us more confidence with this wedge break formation. Target liquidity at 2.1173. www.thetradingmentors.com Chris
Hey Traders, in tomorrow's trading session we are monitoring GBPNZD for a selling opportunity around 2.07400 zone, GBPNZD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 2.07400 support and resistance area. Trade safe, Joe.
Updated LONG idea for GBPNZD on the theory markets ranges 70% of the time. 30m LTF seems to be holding the LTF TL for now. I normally take late positions if retracement is no more than 30% of previous 4h bearish leg.
The GBPNZD currency pair is currently forming a Bullish Harmonic Pattern, specifically an XABCD pattern. This is a key indication of potential bullish reversal trends, particularly as the price approaches the D point. In harmonic patterns, Point D is known as the Potential Reversal Zone (PRZ), where we often anticipate a significant price reaction. Confluence of...
The GBP/NZD pair has shown a positive reaction to a significant demand area, with the price beginning to increase in value this morning. This upward movement is accompanied by an RSI divergence originating from oversold levels, which typically signals a potential reversal and further price appreciation. The presence of this RSI divergence strengthens the bullish...
GBPNZD Buy Stop Loss: 2.064 Targets: 2.072 2.074 2.076 2.080 Swing Targets: 2.09 2.10 2.11 2.12
Could this be a possible selling zone for GBPNZD? Based on what price action is telling, the market is still bearish overall using the weekly TF. I'm anticipating sell for this pair based on the confluences that i'm getting at the current price range
As GBPNZD breaks the trendline and exits the accumulation zone, it presents a potential long opportunity. This breakout suggests a shift in market sentiment, providing a favorable setup for entering a long position and capitalizing on the emerging upward momentum
✅GBP_NZD is about to Retest the broken rising Support which is now a Resistance so we are Bearish biased on the pair And so we will expecting A further move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
GBPNZD LOWER TIME FRAME TRADE EXPLANATION 30 min sz trade Hunting a 1/3 rr BUT we have huge W dz way lower. Depending on how the market reacts to this 30m supply, ratios might change to 1/4.5 or 1/10
GBP-NZD was trading along The rising support line But now we are seeing A bearish breakout So I think that after the Bullish correction, we will See a further move down !
Price Action Trading. Price in H4 & Daily TF is bearish. So price has retrace back into resistance level that have been tested a few times. Currently, Price have break through H1 Support and bullish trendline and close lower. Price now retesting the H1 support level. Taking the low. Take short trade targeting a swing low of H4 time frame with R:R 1:6
After a down move market seems to be creating higher highs and higher lows and breaking structures to the up move
Looking for buy in reversal trend target order block zone.