📚 LEARN MORE 💰 EARN MORE With ForecastCity Descending Triangle Definition: An Descending Triangle is a type of triangle chart pattern that occurs when there is a support level and a slope of lower high . It is defined by two lines: .A horizontal support line running through valleys. .A Downtrend line drawn through the peaks. The lower highs...
More upwards momentum could be here for GN soon...shall see... #shadowingthebigboys #trading #forex If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! Disclaimers: The analysis shared through this channel are purely...
Welcome to our weekly trade setup ( GBPNZD )! - 1 HOUR Bullish price action with turning candle. 4 HOUR Overall bearish market turned bullish. DAILY Expecting further upside after the current downside trend. - FOREX SWING BUY GBPNZD ENTRY LEVEL @ 1.92520 SL @ 1.91200 TP @ 1.94410 Max Risk. 0.5% - 1%! (Remember to add a few pips to all levels - different...
Hello everybody! -On a daily chart, we can see that the price reached the support area and formed a double bottom pattern which is a reversal pattern so we can expect that the bulls are going to gain some momentum in that area. -The support area is tested multiple times and rejected so I consider that area as a strong area of support. -The Stochastic indicator...
Hi Trader's ♥ --- In This Post We Explain Today News With You .. USD / EUR / CAD / GBP / NZD / AUD Wait Us Tomorrow With New News And Expectation For News ---
GBPNZD brokeout bounced off the descending channel support and falling wedge resistance. Buy re-entry ⬆️ - fibonacci retracement levels Buy confirmation - breakout above pullback trendline resistance. Target - downtrend resistance
GBPNZD bounced off the descending channel support, breaking out above falling wedge resistance as expected. Price is approaching channel resistance. Possible price actions indicated.
Let e know what you all think, trade with care!
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.9395). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPNZD is in a range bound and the beginning of downtrend is expected. . The price is below the 21-Day WEMA which acts as a...
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.9395). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPNZD is in a range bound and the beginning of downtrend is expected. . The price is below the 21-Day WEMA which acts as a...
GBPNZD after breaking the ascending trendline found support at 1.93400. The price went for a retest of the resistance zone and the trendline and now looks for the next bearish impulse. IF the price will break and close below the support area we will set a nice short order according to Plancton's strategy –––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure...
Welcome back Traders, Investors and Community! Analysis of #GBPNZD If you have found this useful then help us support my page by hitting the LIKE button. If you are not subscribed yet then please feel free to follow my page for daily updates and ideas. Thank you It means a lot to us! *** Strategy: Bullish BAT With potential Max R/R 2.00 in a very strong...
China banned import of multiple goods from Australia, fundamentally makes sense for AUD and NZD to take a hit in value. On M15 we have a double bottom and I entered on an M15 bullish close of the candle. This double bottom lines up with a trendline I had drawn for a couple of days.
ABC Fractals all around with not indication of a turnaround just yet. Current ?X Waving and bound to drop more. Fib Goals show two targets at this stage. NFA
GBPNZD on the daily chart hit and got rejected by a monthly resistance around 1.96 level. The price which moves in ascending channel reaches now the 1.94600 level and testing a minor support. IF the price will break and close below the structure and consequently break the channel we will set a nice short order according to Plancton's strategy. –––– Follow the...
FORECAST FOR GBPNZD GREAT LEVELS TO LOOK FOR REVERSALS.