Waiting for price to reach the channel resistance and zone resistance
GBPNZD may find a bottom here at a key support level. It is also supported by the S2 pivot point. If you have any ideas supporting or on the contrary to my opinion please leave a comment. Thank you and happy trading :) Disclaimer: This is not financial advice.
Hi there. Price is forming a continuation pattern to the upside. Watch strong price action at the current price for buy.
GBPNZD rebounded from daily demand zone at level 1.9890 Price completed bearish harmonic pattern (AB=CD) RSI reached reached oversold region and broke downtrendline MACD shows weakness in bearish momentum It's expected for coming bullish wave to retest downtrendline near level 2.0310
FX:GBPNZD Gbpnzd is at a retest level and is showing signs of rejection.... Im waiting for a break of the uptrend and maybe the start of a downtrend. im keeping a relatively near stoploss Tp1 : 2.02575 Tp2 : 1.99878 Tp3 : 1.96632
LONG NOW SHORT POSITIONS WITH REDUCED MOMENTUM
SHORT NOW WITH STRONG RESISTANCE AND TOP DIVERGENCE
The first thing I see is quite confusing price action. But what I guess... I wait till price to close above 2.095 area and come back to test it - "ROUNDED RETEST". Another option is that the price closes below green area, then i stand aside and wait till price meet EMA200. After that I can make next plan.
Lookign for GBP NZD to continue its steep decline down below 2.00. Targeting 1.99.
I believe it is going to touch top of zone. Only entering on 4hr price action confirmation Use apprrpriate risk and trade management
#Analisa GBPNZD Turun Selengkapnya bisa dilihat pada chart Jangan lupa untuk share ke rekan traders yang lain untuk saling berbagi analisa dan pandangan terhadap pasar. Tradevelling Trading jalan, kita jalan jalan Disclaimer tanggung jawab di serahkan kepada masing masing individu _____________________________________________________________________
After a +400 pip recovery on GBPNZD, price advanced towards 2.07000 a strong previous resistance. From this area we've seen a bearish engulfing candlestick and strong rejection from this area. If sterling is retracing and banks are pushing price lower in order to reload buy at better prices then we could expect price to enter into our highlighted area before...
This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below! Let’s make some money together!