If the price manages to break the zone around 1.98158, we will go into an uptrend.
This is the most likely of our analysis because it is confirmed by the underlying trend and the MM at 50 which is below the market.
If the price breaks the zone around 1.96170, the market will go bearish.
Let's wait and see...
GBPNZD Buy Trade Setup For Intraday/Swing Trade
Stop loss: 1.97350
Take Profit: Open
Please manage your risk. Use Stop loss. And do not take blind entries.
If you have a question let me know. If you want to analyze any pair let me know.
This is just an idea. What we see.
The Market can go in the opposite direction, what we analyze. So we have...
What do you think about such a sell opportunity?
The price bounced from 1.98000 resistance zone. RSI confirmed the price reversal. MACD histogram is supporting the further downward movement. DMI is bullish, but ADX line is moving down. The price is going to form a strong reversal candlestick pattern.
The market gives us enough bearish signals, which allows us...
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
A few weeks back, I spoke about the GBP pairs being on watch for a reversal. They have been on an extended downtrend, and we are now awaiting for an imminent reversal. This is just market structure and the way all markets move.
Let us start with GBPAUD. We hit a major support zone at 1.78, and there was an opportunity for us with the fake out trade. A nice wick...
So the charts I am going to cover are GBPAUD, GBPNZD and GBPCAD.
All three share the same thing: an extended trend which is appears to have been exhausted, and now a reversal taking place.
If you look on the daily charts, the GBP has sold off and we have multiple lower highs on the downtrend down to a major support zone. On the GBPAUD we can see on the daily...
Hope you all have a fantastic day !
I would appreciate any likes and follows from this idea, that would encourage me to publish more ideas and analysis.
GBP/NZD has been rejected from horizontal resistance and now will go lower to rest previous support.
Let us know what you think about this idea.
Trade safe !
One more GBP chart wich respects Fibo levels.
As you can see near blue zones the price shows us mirror movements.
Now it can bounce off again.
The second reason is the huge daily candle. It includes a full daily ATR at the time, this meat a pullback is more possible than continuing its up move.
Do you agree with it?
Dear followers, the best "Thank you" will be...
Welcome to our weekly trade setup ( GBPNZD )!
Very bearish break below main sr level.
Expecting more bearish pressure!
Good short entries following volatility pressure.
ENTRY LEVEL @ 1.91630
SL @ 1.92370
TP @ 1.90470
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
. There is a possibility of temporary retracement to suggested support line (1.929). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. GBPNZD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.