Here is an Update on my Long position of GBPNZD. I have attached previous analysis below. Price has reached my particular target area and fell roughly 20 pips short of my TP area. Feb 4 December 12
Please be cautious when trading the head and shoulders breakout on this pair as it could result in a reversal. If the breakout is confirmed then look to continue buying but if the price shows signs of closing back below the arrow marked then get out because this could drop aggressively.
Hey traders, here is the analysis for the GBPNZD. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks. NOTE - Please do your own analysis before taking the trade.
Nice rejection on the 4H and 1D timeframe. My TP is at the previous support and SL is a bit above the resistance.
1.9075 is the point to buy expecting a retest of that broken zone
In this video, I explain why I think we could be in for a swing to the downside for this pair and see price take out the previous lows and eventually reach 1.19000. Thanks for watching! Leave a comment if you agree, disagree or have any questions:)
This is an educational + analytic content that will teach why and how to enter a trade Make sure you watch the price action closely in each analysis as this is a very important part of our method Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
GBPNZD POSSIBLE SHORT. INITIAL TARGET AS SHOWN BUT WILL TAKE PARTIALS IF TRADE PLAYS OUT.
Plan: wait for the price to bounce off support level/demand zone --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!!...
Plan: wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if...
Following Downing street’s lockdown exit plan; the Pounds appears to have found a platform to rise against the Kiwi as confidence in the UK economy resumes! With over 300pips in our favour since my last publication on this channel (see link below for reference purposes), we might be on the verge of a very LONG rally in the coming week(s) as the price seems to...
Hello traders, I hope everyone has a nice trading week. I would like to share one my possible short term bullish scenario for GBPNZD .Please support this idea with like If you find it useful. We almost reach the strong support-demand zone; When it test this zone, It's possible jump to the upside. We just need to see nice rejection, looking for bullish...
Despite the UK’s coronavirus pandemic situation... I still hold on to an overall Bullish perspective due to the reversal structure (the culmination of 127.2 ext Bearish run) cited on my Daily chart; I am of the opinion that price is at a juncture where the opportunity for a quick counter-trend trade is possible before the rally begins! Tendency: Short term...
Wait for breakout 1D Trend line and the price pull back.
GBP/NZD has been in an uptrend , r especting the ascending channel since the beginning of the year Currently the price is almost touching the bottom trend line ( retracement ). I expect the price to show a reversal , with the buyers taking control of the market, increasing the price and continuing the ascending channel . I will wait for a clear rejection...