pantheo

Confluence resistance at downtrend line

FX:GBPNZD   British Pound/New Zealand Dollar
144 13 6
If false break, will come down again
CONTROL WHAT YOU CAN
Mirandole
11 months ago
Hello Pantheo !

So you're bearish again ?

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

all my best to you and yours

best

P
Reply
Mirandole pantheo
11 months ago
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
Reply
pantheo PRO Mirandole
11 months ago
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
Reply
mehmete53307683 pantheo
11 months ago
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..
Reply
pantheo PRO mehmete53307683
11 months ago
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
pantheo PRO pantheo
11 months ago
forgot to attach latest daily. here it is
snapshot
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Mirandole pantheo
10 months ago
It looks like it was an OK Trade !

Best Regards,

PS : I Hope to work more with you soon :)
Reply
pantheo PRO Mirandole
10 months ago
it's important to have a view where buyers and sellers are waiting and observe where the ones who have worked less on their chart are about to enter in the market against the low risk/big reward with high probabilities trades. From those players your possible gains are coming. You can push the "load extra bars" button on the above charts. Here is its updated version.
snapshot
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pantheo PRO pantheo
10 months ago
Apologize for the wrong posting, note was only for Julien regarding a private message conversation we had. P.
Reply
pantheo PRO
10 months ago
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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