GBPNZD W (ANTI CRAB PATTERN WITH ABCD PATTERN) LONG
GBPAUD breakout or one more down?
If false break, will come down again
The pair has finished an ABC correction and now heading up and we have two scenarios, the first: we are in a wave x upward which is a 5-3-5 corrective wave in the main trend direction (up). The second Scenario, we are going to continue in an impulsive fashion upward to new highs. With NZDUSD breaking a trend line to the downside, it is most probably we are going...
my elliot wave analysis for gbpnzd look like the wave are in 3 wave correction.the price are now heading to find its c wave of the correction before continue moving up. the 5 wave and 3 wave cycle was completed in the abc wave in the higher degree.the weekly candle shows indicate that the candle exhaustion and tend to move downward due to the rejection from the...
GPBNZD breaks out and pullbakcs to retest & confirm, time to go long
GBPNZD has now held above some horizontal supports, so I'd like to keep long bias today. If price could test horizontal zone around yesterday's high, I will wait for a consolidation on lower time frame to enter upside breakout. Beware of the possible resistance from the day downside trendline and try to protect the position when price reaches there. Target will be...
The GBPNZD pair has been in a strong uptrend, and after topping in August 24th, when the stock market bottomed after flash crashing, endured a lengthy correction. The time for this correction now matches the time the advance took to form, and we're close to a perfect 0.618 retracement of it, which nicely lines up with many time at mode elements suggesting a long...
SEE CHART FOR ANALYSIS - LONG TERM ANALYSIS - KEY LEVELS HAVE BEEN HIGHLIGHTED FOR MANAGEMENT POINTS
A series of two trades is setting up on GBPNZD. The first is a long position after the close above the BAMM line (body) toward the bat PRZ and S/R Zone. The second, should price reach the bat PRZ, is a bearish bat opportunity. This iwll be an excellent opportunity to short because the resistance structure is strong in this area. Entry is placed at .886XA with...
Potential Buy Zone in $GBPNZD as this pair is reaching the 61.8 Fib retracement level and in the process completing an AB=CD pattern near 2.16. 1. Structure (GAP) 2. Fibonacci - 61.8 Fib 3. AB=CD pattern 4, RSI - Near oversold (daily) Potential Target Zone - 2.25. Tomer, The MarketZone Follow me on TradingView Subscribe to my newsletters - goo.gl Follow my...
This pair has re tested the broken previous week low, i am expecting it to go more south . This will be a very short term trade. Sell at current price/ or around 2.17, stoploss 2.173, tp open.
GBPNZD broke its little channel it was riding in and has come back up and may be finding resistance which was previously support. Will be watching for signs to short this.
Fresh daily demand level and 61 fib retracement.