GBP/NZD is rising towards the resistance level which is a pullback resistance that aligns with the 161.8% Fibonacci extension and could reverse from this level to our take profit
Entry: 2.11475
Why we like it:
There is a pullback resistance level which aligns with the 161.8% Fibonacci extension.
Stop loss: 2.12520
Why we like it:
There is a resistance level at...
Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Could be looking at some pullback and rejection and looking to short GbpNzd, let's monitor it along the week.
Do check out my stream video for the week to have more explanation in place.
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we expect the price gone down with correction to reach our setup
the accumulation setup following the trend
as shown on the chart the level is very important for long just
follow my instructions for mange the trade
price move 20 pips in profit breakeven
price hit the sl 40 pips than reversal setup
target is 100 pips
MARKET PHASE
OANDA:GBPNZD is in a long term downtrend (daily) with a short term corrective structure that has been taking place (4 hour).
AREA OF VALUE
Price continued to break new highs within this corrective structure. Eventually, price reached an area where sellers stepped in, resulting in a buildup of liquidity (buy stops, longs, short stop losses)...
Pair Name : GBP/NZD
1 DAY RELATIVE PERFORMANCE
GBP 0.06% / NZD 0.54%
Time Frame : 4hrs
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🔗 Key Technical / Direction ( Short After Retest )
Type : Mid Term...
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** GBPNZD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Hi Traders here is a quick analysis on EURNZD Trade using the third touch strategy,
We all know how powerful third touches are in forex trading, here is a third touch strategy for eurnzd and Gbpnzd as well, that i strongly believe would drop.
Not a financial advice! Trade with what you can afford to lose
The GBPNZD pair gave us a strong buy signal last time we called on it (January 05 2024, see chart below) and even broke above the former Channel Down pattern:
The trend transitioned into an Inverse Head and Shoulders (IH&S) and recently broke above its top. It has formed the first 1D Golden Cross in 1 year (since March 27 2023), so on the long-term we have...
The price is rising towards an overlapping resistance level, which aligns with the 50% Fibonacci retracement, and could reverse from this level to our take-profit target.
Entry: 2.10588
Why we like it:
There is an overlap resistance level which aligns with the 50% Fibonacci retracement
Stop loss: 2.11738
Why we like it:
There is a pullback resistance level
Take...
✅GBP_NZD is trading in
An uptrend and the pair
Retested the horizontal
Support of 2.095 from
Where we are seeing a
Bullish rebound and
I think that the pair will
Go further up
LONG🚀
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Here is our detailed technical review for GBPNZD.
Time Frame: 5h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 2.098.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 2.104 level.
P.S
Please, note that...
My dear subscribers,
My technical analysis for GBPNZD is below:
The price is coiling around a solid key level - 2.0978
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 2.1050
About Used Indicators:
By the very nature of the...
Price is falling towards an overlap support level that aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit
Entry: 2.09335
Why we like it:
There is an overlap support level which aligns with the 50% Fibonacci retracement
Stop loss: 2.08842
Why we like it:
There is a pullback support level which aligns with the 61.8%...
Hello,Traders!
GBP-NZD went down
Towards the horizontal
Support level of 2.090
But the pair is trading
In an uptrend so after the
Potential retest of the
Key level we will be
Expecting a further
Move up
Buy!
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