We can see the double bottom formed in last months,and now the market is testing neckline. we opning Some positions buy at 1.790 levels SL: below 1.775 TP1: 1.88000 TP2: 1.91800 TP3: 2.0000
Intraday Update: GBPNZD daily cup and handle is in play. next target 1.95000
It looks like GBPNZD is bouncing back up of the lower range, how ever the indicators aren't very convincing yet. Best is to wait till this daily candle closes. If it closes around CMP this will be a nice buy. If it closes at the lower range then wait till tomorow, if it closes below then sell. Easy setup if you have some patience
Hi traders, We had a very long range on the GBPNZD daily chart and we recently broke it. The arrow that is pointing on the last candle is the re-test candle, testing the previously broken area successfully. I will open my trade on Monday and see where price will bring me :) On my first target, I will take out 50% of my profits EXCEPT price is showing strength....
The 4 hour time frame for GBPNZD shows a nice bounce back of the support level that created a new ascending trading range. possible targets are the next 2 resistance levels that could be hit within the next 3 days since its the 4 hour time frame. Now when you go to the daily and weekly time frame you will even see a possible target of at least 1.88 long term. next...
On several British Pound Forex pair, an ascending trend line on the daily time frame is on play. With them approaching the bottom of the bottom, are they to bounce or are they to break? In GBPNZD, we can see the it is consolidating at the bottom of the ascending trend line (possibly poised for a retest of the broken weekly descending trend line) which made it...
After the strong bullish momentum of June 27 that preceded the breakdown of the bearish trend line, the price shows signs of wanting to continue with the bullish movement since it fails to fall back below the 1,554 level, being optimistic the price could possibly reach up to The 1.588, although I would recommend taking partial profits at 1,568.
There are several reasons why I want to buy this pair. From the Weekly Chart to the 30m Chart, all the way, the pair is bullish. Though my trade setup contains a small opportunity for Pips, the pair may make more upside but that is not confirmed yet from my point of view.
Breakout is confirmed, the restest is almost done. means that price might pull back at the support zone arround 1.73810 PS: control your lot size because the chart might go in the red space for a while before getting back in the green zone ENTRY: 1.73810// SL: 1.68649// TP1: 1.99948// TP2: 2.20288
buying based on my own analysis. this is a risk trade but with a small SL.
Hey guys, here on GBPNZD we're now testing a very important structure area; as you can see on the left hand side of your screen price has already found resistance in that area and it could now turn into support and push price higher. Given the case, i want to be involved on the long side of this pair, hoping for a continuation on the upside. Now, you can use...
Hey guys, here on GBPNZD we're now testing a very important structure area; as you can see on the left hand side of your screen price has already found resistance in that area and it could now turn into support and push price higher. Given the case, i want to be involved on the long side of this pair, hoping for a continuation on the upside. Now, you can use...
For all we've known, formation of inside bars may mean two (2) scenarios: a reversal of the trend or a continuation of it. Since I'm already long Pound-Dollar, I will be looking to enter a long. Be cautious of the incoming Great Britain election.
There are several reasons why I have decided to buy this pair now. # Daily Chart Horizontal & Pitchfork Support. # Daily, 4Hr, 2Hr Chart MACD Hidden Bullish Divergence. # Daily, 4Hr, 2Hr Chart Stochastic RSI "Over-Sold" # 2 Hr Chart Harmonic Pattern Support. Like My FB Page: