The 4 hour time frame for GBPNZD shows a nice bounce back of the support level that created a new ascending trading range. possible targets are the next 2 resistance levels that could be hit within the next 3 days since its the 4 hour time frame. Now when you go to the daily and weekly time frame you will even see a possible target of at least 1.88 long term. next...
buying based on my own analysis. this is a risk trade but with a small SL.
Reasons: Bearish Head & Shoulders @ Confluence of Resistance in higher time-frames. Stoch RSI is now "Over Sold", so a pull-back is needed for further bearish continuation. Past support should become future resistance and here we get a 61.8% Fibonacci retracement level as confluence. Trade Safe. :) Follow Me on: Twitter Like Me on: Facebook
short opportunities after head and shoulders on GBPNZD. plenty of selling opportunities coming ahead. (homework from webinar)
Chatting on Forex Board with user JohnQuid got me interested in this potential EW pattern for GBPNZD. If we are in fact on leg 4 looking at key prices: 1.84327 1.97957 1.84327 holds price the next target is short to 1.73058 1.84327 does not hold, next stop is 1.97957 and Impulsive Wave 4<<>>5 is in play which is a pretty deep dive short I will update this...
Hey Guys, Top broken so look for a sell set up! - Hola chicos, Resistencia retesteada así que buscad banderas de venta. Carlos
I AM GOING TO SELL CURRENT MARKET AT 1.74366. STOP LOSS- 1.75700 IF MY STOP LOSS HIT I AM WAITING FOR RETRACE AND BUY FROM NEW SUPPORT ARIA..
Hey guys, today i want to share a setup which is available at market right now. In this situation price si coming back to retest a daily structure zone (blue rectangle) after a double top formation that's been broken to the downside, as a confirmation signal of the direction it's headed. You can short the market now according to the 2618 technique, with stops...
I am looking to short this pair as soon as i get a good confirmation.
The daily uptrend of GBPNZD just broken. I am waiting for pullback to short.
waiting to break the trend line near the higher low at 1.715 First R1.7384 2R 1.772
Finally, GBP/NZD pair breaks the resistance zone strongly. In H4 Chart, there is a corrective pullback sit well on the previsous resistance zone. It will be a great trade to long when there is a strong bullish bar appears as a signal to entry :) It will be a less risk with huge potential return trade :)