PRICE SHOWED A FAKEOUT THEN THE REAL PUSH OCCURED AND FORMED A DOUBLE BOTTOM. THE PRICE MAY GO BACK INTO CONSOLIDATION.
Keeping it simple and letting price dictate what it wants to do Waiting for price to break resistance before first buy then doing the same with the second There is divergence on multiple timeframes and price has broken a downward trend line (not drawn)
This was our markup from last week and the entry opportunity didnt come until Friday. This is just a reminder that trading is a marathon and not a sprint. We must be patient in order to reap consistent benefits.
- Break and restest of descending trendline - Forming new uptrend, with higher lows - Nice wick rejection off the 0.382 FIB and 50MA
GBPNZD has reached to the bottom of the rising channel and is under bullish pressure from the divergence created between the price and MACD. Fibo retracement of 50 & 61.8 coincides with the previous structural support now can be seen as resistance. Price can bounce up to the zone of 1.98 - 2.00 and then turn bearish for the future continuation. GOOD LUCK FOR YOUR...
Welcome to our weekly trade setup ( GBPNZD )! - 1 HOUR We turned very bullish. 4 HOUR Overall bearish market about to turn.. DAILY Expecting a push to the upside, good long entries! - FOREX SWING BUY GBPNZD ENTRY LEVEL @ 1.91540 SL @ 1.90790 TP @ 1.92630 Max Risk. 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment...
On this chart we can see a pull back that has occurred during this uptrend, a new level of support was found and price has come back to retest We are already in this trade and I will be expecting price to bounce off this level and continue moving up
Price is now in an uptrend, it has broken resitance but is currently retracing. Once a price is moving up again we will look for buys
Welcome to our weekly trade setup ( GBPNZD )! - 1 HOUR Bullish price action and closure above main sr level. 4 HOUR Overall market turning bullish right now, good long entries! DAILY Expecting another push to the upside. - FOREX SWING BUY GBPNZD ENTRY LEVEL @ 1.93620 SL @ 1.92190 TP @ 1.95550 Max Risk. 0.5% - 1%! (Remember to add a few pips to all levels -...
LONG GBPNZD IF IT BREAKS LAST HOURS HIGH.
On the daily chart, the pair is at an important area of support. A strong indication of a reversal is imminent with a double bottom highly likely. As such I anticipate a bounce off the trendline once the retest is complete to also form an inverse head & shoulders on the 4H chart. This is a swing trade with a risk-reward ratio of 1:12.36. So GBPNZD LONG: SL:...
Welcome to our weekly trade setup ( GBPNZD )! - 1 HOUR Bullish open and close above main sr. 4 HOUR Bearish market need a pullback and retest of previous highs. DAILY Expecting a shortterm turn and bullish pressure. - FOREX SWING BUY GBPNZD ENTRY LEVEL @ 1.94800 SL @ 1.93870 TP @ 1.96080 Max Risk. 0.5% - 1%! (Remember to add a few pips to all levels -...