GBPNZD is exhibiting a potential Anti-Butterfly Harmonic Pattern (XABCD) formation, indicating a forthcoming bearish trend momentum. This analysis is based on key resistance levels and Fibonacci retracement levels, suggesting a strategic entry opportunity. Pattern Identification: The Anti-Butterfly Harmonic Pattern (XABCD) is emerging on the GBPNZD chart, with...
Be aware that after crossing this trend that I have determined for you .. the decline will begin
Here is my view for GBPNZD on H1. The price could go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
This is quite interesting that blue zone is good resistance zone from the daily and weekly and we already saw that strong rejection candle. We should reject the zone again and dip all the way down to 1.9200 zone...or slightly above. So prudent trade would be a sell stop on break of 1.9330. Sell stop makes sure I only get take in when I am right. The R=3.57
GBPNZD Hello traders GBPNZD a Sell tread setup, don't miss this chance good opportunity for you follow me on treading view for more ideas .../// thank you
GBPNZD expected to rise up to 1st resistance at 1.93699 where it could potentially react off and drop down to 1st support at 1.92926. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Entry market : 1.91040 Enter Buy limit : 1.90800 Take profit 1 : 1.92222 Take profit 2 : 1.93815 Stoploss : 1.90080
GBP/NZD 1H Chart: Channel Down The British Pound is losing value against the New Zealand Dollar in a short-term descending channel that formed in result of a rebound from the monthly R1 at 1.7916 made by the exchange rate two weeks ago. In the first hours of Monday trading session the currency pair made a number of attempts to break to the top, but was stopped...
We have two scenarios But first the market must go to 1.75758 If 1.75267 was broken the market will go to 1.72648 If 1.75267 stayed strong the market will move to 1.78419 and it will move back to 1.72648 This is a new way in Elliott waves counting by time cycles more logical more Easier and more faster You will see my results :D