GBPNZD / LIBRA PATTERN Watch bottom for long. Please support the setup with your likes, comments and by following on TradingView thanks.
GBP/NZD has hit my trend line as well as my current resistance (supply and demand) zone on the weekly timeframe, im expecting price to go up
It may be better to open the trading after the formation is complete.
I AM WAITING FOR THIS SORT OF RETRACEMENT BEFORE I CAN JOIN IN FOR THE SELL. BE PATIENT WAIT FOR IT AND IT WILL COME. I APPRECIATE ALL LIKES, COMMENTS AND FOLLOW FOR MORE
LONG GBPNZD Based on Bat Pattern and 0.886 Level Low Risk, High Return This pair will have huge move upward
GBPNZD short for the coming week. PLEASE LIKE, FOLLOW AND COMMENT FOR MORE :)
AM EXPECTING THIS DROP HERE for GBPNZD PLEASE WATCH OUT FOR IT. should be a good one WATCH OUT please like, comment and follow :)
If this isn't a false breakout, it should allow us to ride the wave down for a nice profit. I'll show you in the comment the target on the 4H chart. Trade Safe!!
As we can see, GBP/NZD is failling to establish it's support zone. As soon as the support line is broken, we can expect the bearish trend to continue until it's next support. Remember, preserving your money always comes first in trading. Your second goal is to grow your portfolio. Trade safely.
GBPNZD has Formed Strong Bullish Pattern on Weekly Chart Which confirms that bulls are in control now. 1.91421 is crucial resistance on upside. I am bullish on this currency only above 1.91600 for the targets of 1.94000 and 1.95800 with stoploss of 1.89000
Take a look at the daily chart and you can see the head and shoulders pattern developing. At the moment the right shoulder is just being formed, but the swing high is complete at the right shoulder suggesting more downside. You can see that the recent high coincides with the high established where the left shoulder is. This is an aggressive entry. Most will...
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please comment below and Like if you agree with my analysis.
GBPNZD price action contained within a multi-days bullish channel with new tops and lows, However the trend is strong but medium term momentum is slowing which is indicating a pullback. I am looking to short this market around 1.9675 area with a wider stop at 1.9855, expecting for a target around 1.9259 area.
Watch PA in coming weeks to take short position -Long term trade Trade with care!