1.9520 strong resistance broke on 22nd & 28th February but not able to sustain price higher and closed below 1.9520 that is indication as a fake breakout. 28th daily key reversal bar made a new high closed on the low indication for weakness for coming days. 1st March daily insurance bar confirms further weakness ahead. target is 1.8870.
PRICE has been moving down impulsively from a value area and has created several entry opportunities of which the current formation is latest..shorts activated on breakout
W Formation formed and broke above. The big warning and problem is that there was low volatility and the market was moving in a continued sideways range. This is concerning because the buyers are not too strong which is why we now had a large bearish engulfing candle showing how the sellers are running the show. 7>21 but <200MA RSI <50 - Turned bearish Target...
Hello traders! ‼️ This is my perspective of GBPNZD . Here we are bullish from H4 timeframe perspective, so I am looking for longs. I see price to make the retracement and then to reject from bullish order block + institutional big figure 1.93000. Like, comment and subscribe to be in touch with my content!
Waiting for a pullback to retest 1.91995 to long GBPNZD back up to 4H highs at 1.95023. If you agree drop a like and if you have any questions leave a comment :)
MOMENTUM POSITION FOR 100 POINTS ON GN liquidity sweep occurred
Price has created a great area for support tat was a previous res so we can enter a buy trade
Last week we looked at this and it had not swept the high of the wick we were after, it has done that (only just!) right now. I am officially in LIVE on this trade, stop and profit levels are shown. This is my analysis, trust your own. Any trade for the rest of the week will more than likely be demo only as only 1 live trade gets taken at a time as a measure of...
Hello traders, we want to check the GBPNZD chart in the 4-hour time frame. The price has managed to break the range channel and also the key level of 1.94000 upwards. If the price can make a correction around this level, it is a good point to enter. It is a trade and we can expect it to continue its growth until the key level of 1.99600. Good luck. GBPNZD buy ...
Hello traders! ‼️ This is my perspective on GBPNZD. Here we can see that price took buy stop liquidity, formed a normal divergence and rejected from institutional big figure 1.93000, so I am looking only for shorts. ‼️Attention!!! Due to the fact that we have news events on GBP & NZD this week, the analysis can be invalidated. Like, comment and subscribe to...
Waiting for a pullback to retest 1.91986 to long GBPNZD back to 4H swing high at 1.93737 If you agree drop a like and if you have any questions leave a comment :)
GBPNZD buy Entry : 1.91610 Stop : 1.90605 , Target1 : 1.92614 , Target2 : 1.93618 Risk/Reward Ratio : 2
After GN bounced off at a resistant price value at 1.9237, it has retraced to last week Friday's range. GN has a poor momentum to be bullish for now and hence technically, i see GN re-visiting this weeks Monday's low at 1.8997. But I do expect GN to close this week below its previous low at 1.8997. Currently trading a bit above the 78.6% fibo mark. NB: Eyes on...
GBPNZD - Just an idea! Technical view: Beautiful channel/ Trendline down now concentrate on that. Now yes could be pattern wise a cup & handle pattern - but it hasn't broken out yet ... Look at the price and the wicks of the candles on knowing who's in control. Above and out of this channel bulls can gain control towards 200 EMA. However, if we break below the...
Sorry for the lack of posting, I have been having some good success with set ups, I just forget to share them here. Another idea for GN, that last one paid out at 18:1 RISK REWARD. Only looking for shorts should that wick mentioned be swept (price takes it out). From there I will drop to a lower time frame for my entry, but even just setting a sell limit order on...
GBPNZD is moving in the ascending channel and making higher highs. The market broke and closed above strong resistance that became support. Following a price surge, if price pulls back to the support level then we expect retest of the resistance level . ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
If price can move into this range during the London session, I will purchase GBP/NZD. For me, the London Session starts at 6:00am UTC.
Waiting for a break and retest of 1.91484 to long GBPNZD back to swing highs at 1.93743 If you agree drop a like and if you have any questions leave a comment :)