pantheo

Confluence resistance at downtrend line

FX:GBPNZD   British Pound/New Zealand Dollar
144 13 6
If false break, will come down again
Hello guys,

Since you find this trade interesting, I copied my notes about the decision making on the chart while it was developing and adding positions. Maybe it's helpful for someone.

Have a nice day.

P.

snapshot
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Hello Pantheo !

So you're bearish again ?

Best Regards,
Julien
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pantheo PRO Mirandole
Hello Julien,

looks like a good spot to rejoin the downtrend, after the bounce from 2.15. There is a legit supply zone in 4H with at least 1/3 RR and we are in possible reversal zone regarding daily. Weekly printed a bullish engulfing, so I don't know how low it can go from here, but a quick short looks ok. If we have an evening star in 1H and a pin bar in 4H odds will be enhanced.

Cheers,

P
+1 Reply
Ok Thanks !

I'm actually looking at it, I'm also on USDJPY and SPY.
I really like almost all your ideas. Thank you !

Best Regards,
Julien
Reply
pantheo PRO Mirandole
Very kind. You are welcome Julien, my pleasure. Thanks for the thumbs up:-)

all my best to you and yours

best

P
Reply
It seems you're right. With this bear market coming, GBP is weakening.
EURGBP is close to give us a nice breakout signal. Waiting to close the week above 0.75.

snapshot


Have a nice weekend away from TradingView,

Regards,
Julien
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pantheo PRO Mirandole
You too young talented man. Well, a couple of sessions for research in TV during week end is needed, but wife, kids, dog in the woods is by far the best:-)

I'm bearish pound long term, I feel it will be "Brexited", but in the short term will be bottom soon.

Very nice chart! Looks like there is a fresh supply zone at 0.7525-0.7575 and then 0.7620 - 0.7680 areas so breakout needs attention.

Long term looks bearish. Take care!

snapshot



Cheers

P
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what's your nzd/usd analysis?..
last few day it's hit very very low level and this movement (low nzd/usd level) blocking gbp/nzd fall..
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pantheo PRO mehmete53307683
Good question. For the big picture

Big picture


Update on weekly


Triangle break met target


Last weekly update here:

snapshot


Daily shows a untested demand zone at 0.6495-0.6430 that might provide a bounce, but in general a W formation is in the making therefore a visit to 0.63-0.62 is possible.

Hope this helps Mehmete

Have a good week end.

P
Reply
forgot to attach latest daily. here it is
snapshot
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