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
Hello my friends,
Another pair to trade for today is GBPNZD.
You can see price finally broken above the 10-months descending trend line which has acted as resistance.
This could become the beginning for GBPNZD to begin it's journey to the upside.
On the way up, i will look to add more position as price making a continuation pattern.
Buy GBPNZD 1.9050
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...
Hello my friends,
I posted about this position at February 9th when i took buy positions.
Price now reaching an area of conflunce resistance consisting of horizontal resistance and EMA-200.
I've decided to closed my buy here first and booked +280 pips profit.
I will be looking to reenter buy again later if price managed to close above 1.9330 on a daily...
- key level
- false break out
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Hey traders, here is the analysis for the GBPNZD. NOTE - Please do your own analysis before taking the trade. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks.
Hey traders, here is the buy idea for GBPNZD. NOTE - Please do your own analysis before taking the trade. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks.
Target 1: 1.9183 (140+ Pips)
Target 2: 1.9393 (350+ pips)
Target 3: 1.9638 (595+ pips)
SL: 1.8822 (221- pips)
its a 221- pips SL. Use sensible lot size. do not risk more than 1% per trade.
As we can see near resistence level MARKET is making a divergence for bearish movement.
If market confirm its Divergence then we fill find a short term bearish movement in this PAIR.
after this we will fine a reversal move for bullish trend near its support and TL
GBPNZD has already tested the strong level of support form the weekly perspective so we anticipate price to shoot up, now going down on the h4 time frame we can see a break of structure for potential upside movement ( BUYING AFTER RETEST) But before that GBPNZD has also give us a sell setup because it is on the Trendline RESISTANCE Let's eat the pips
GBPNZD got out of the channel and went up to reform a HL on the support zone. The rejection is pretty strong and expected to buy toward the blue and pink trendlines!
Buy entries at the support zone. Don't forget to manage risk! <3