Double bottom on the 30m tf and the 1H tf. Two possible entries: 1) 30M TF: Price retests support before pushing to the upside. Indicator: RSI to test the MA then push to the upside. 2) 1H TF: Double bottom on the 30 min tf & 1 hr tf. Let's see if price will break resistance to the upside and turn it to support. I'd expect a bullish run if that happens. ...
Hello traders! ‼️ This is my perspective on GBPNZD. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking longs, but for now I expect a retracement to till the imbalances lower. As well we have a normal divergence which indicates bearish price action. Fundamental analysis: Wednesday on 5th of April will...
Price of GBP nzd has been making a tighter range highs latest. with over all fundamental situation on the horizon , i am expecting it to fall to lower support of 1.9541 sell entry : 1.98 SL - 1.9921 tp : 1.9540 interst rates of Nzd is 4.75 and GBP is 4.25 which favours bais. infaltion is higher in britain around 10 percent with lower GDP q/q which also favours...
GBPNZD broke and closed below the consolidation zone, then retested it. Price action printed a bearish tweezer top candlestick formation. The market has tested the support level multiple times before, and there is a high chance that level is going to be broken. We expect breakout of the support. ------------------- Share your opinion in the comments and...
GBPNZD broke and closed below the resistance level at 1.96600 and pulled back to the consolidation zone. The market created a false breakout of the resistance level. There's a nice confluence zone to short at the resistance level . We expect a pullback from the resistance if price makes another false breakout of the resistance. ------------------- Share your...
Hello trader last analysis for the Day so let’s Set Our Eyes on GBPNZD We are Currently taking A sell based on we are Currently on a Support and Resistance Level price failed to break our Resistance zone and also we end up having A trend line breakout and a Successfully retest back to trend, so to keep everything as Educationally as possible When trading...
Hello traders! ‼️ This is my perspective of GBPNZD. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective as price forms higher highs and higher lows, so I am looking for longs. I expect bullish price action from this zone as price rejected from bullish order block + institutional big figure 1.94000. Fundamental analysis:...
Hello traders! ‼️ This is my perspective of GBPNZD . Here we are bullish from H4 timeframe perspective, so I am looking for longs. If price makes a retracement and fills the imbalance lower I will look to open a long position from bullish order block + institutional big figure 1.94000. ‼️Attention!!! Due to the fact that we have news events on GBP & NZD on...
it is in selling zone and at strong resistance so selling it will be good idea....
GBPNZD broke out of the ascending channel and moved higher to the resistance level . The market overall is moving sideways. There's a nice confluence zone to short at the resistance level and bearish harmonic pattern. We expect a structure based trade. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
If GBPNZD goes up from here it will likely trigger my bearish bat pattern limit order (see previous idea). However, if it falls from here it will trigger my bullish bat pattern limit order. My back testing shows that these patterns are highly profitable on this pair. I enter with a limit order at the 88.6 retracement and take TP1 at the 38.2 retracement and TP2...
we have impulse wave then correction with hold price above a horizontal support then broke a simple trendline
Bat patterns on GBPNZD are very profitable on the 4H timeframe. - Entry: 1.96189 - Stop Loss: 1.97407 - TP1: 1.94499 - TP2: 1.93456 I have set a limit order at my entry price. If price moves against me I will trail my take profit levels in accordance with the 38.2 and 61.8 retracement levels from the low of the pattern to the current price level. If the...
GBPNZD - I've got a trade idea for you! As we await for Powell! I found a this great trade idea, it's a break to either direction...Now remember, we could get false break out! Highs: 1.94570 Lows: 1.93620 Pattern: Triangle A break to either direction, break of 200 EMA area takes you to 0.382 & 0.236Fib areas. However, if we break above the trendline down, I...
GBP-NZD broke out of the Horizontal range and also Broke the rising support So as it is now making A pullback I think There is a high chance To see a move down
GBPNZD broke out of the ascending channel and moved higher to the resistance level, which is psychological level at 1.9500. The market is creating a head&shoulders pattern. There's a nice confluence zone to short at the resistance level . We expect a pullback from the resistance. ------------------- Share your opinion in the comments and support the idea...