GBPNZD is exhibiting a potential Anti-Butterfly Harmonic Pattern (XABCD) formation, indicating a forthcoming bearish trend momentum. This analysis is based on key resistance levels and Fibonacci retracement levels, suggesting a strategic entry opportunity. Pattern Identification: The Anti-Butterfly Harmonic Pattern (XABCD) is emerging on the GBPNZD chart, with...
Welcome back! Let me know your thoughts in the comments! ** GBPNZD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
Will be looking for Long opportunities if the market taps the bullish zone. Based on just technicals.
I'm SHORT GBP/NZD from 2.1149 for the following reasons: a). R.S.I. is now reading 68 and was over 70 for the last 4 candles (76 last candle). This would indicate that SELLERS are taking the price under overbought. b). The high (2.1173) sits a band of resistance between WR1 and WR2 weekly pivot. Last week this area (2.1042 to 2.1084) saw SELLERS enter the market...
Considering the recent decline in the NZD, I am considering purchasing GBP/NZD on the rise. Following the breakout and retest of an inverse head & shoulders pattern, I plan to wait for a 50% retracement in the bullish trend before furthering my purchases in the upward direction.
The GBPNZD is in a bullish trend clearly as we can see on the 4 hour chart. We have a series of higher highs and higher lows. Prices currently overextended, we anticipate a retrace down into the 4 hour imbalance area where a buy opportunity could present. Target set previous high and resistance levels as seen on the chart. Stop under the previous low. As always...
Pair : GBPNZD ( British Pound / New Zealand Dollar ) Description : Break of Structure RSI - Divergence Completed " 12345 " Impulsive Waves and " A " Corrective Waves Symmetrical Triangle as an Corrective Pattern in Short Time Frame and Rejection from Upper Trend Line
Hello traders! ‼️ This is my perspective on GBPNZD. Technical analysis: Here I expect to see bearish price action as price could reject from resistance + FIBO 0.618 level + institutional big figure 2.08000. My target is sell side liquidity. Like, comment and subscribe to be in touch with my content!
this chart is going to complete a head and shoulder pattern in the daily chart. of course, you have to wait for the validity of this pattern. the validity of the head and shoulder pattern is it should break the neckline. otherwise, it’s not a valid pattern.
GBP-NZD broke out of The falling channel pattern And the breakout is confirmed So we will be expecting A further move up!
Welcome back! Let me know your thoughts in the comments! ** GBPNZD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
H1 - Bearish trend pattern. Strong bearish momentum. Until the strong resistance zone holds I expect the price to move lower further after pullbacks.
GBP-NZD broke out of The falling channel pattern And the breakout is confirmed So we will be expecting A further move up!
Hello traders! ‼️ This is my perspective on GBPNZD. Technical analysis: Here we are in a bullish market structure from 1H timeframe perspective, so I am looking for a long. I wait price to make a retracement to fill the imbalance lower and then to reject from support zone for a potential long. Fundamental news: Upcoming week on Tuesday we will see results of...
H1 - Strong bearish momentum. Currently it looks like a pullback is happening. No opposite signs. Expecting the price to move lower further in the short term after pullbacks until the strong resistance zone holds.
The GBPNZD has undergone a significant upward movement recently, demonstrating a pronounced bullish trend on the 4-hour chart characterized by higher highs and lows. The retracement observed presents a potential buying opportunity, with target levels set at previous daily swing points. It is crucial to underscore that this analysis is presented solely for...
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 for long. I want price to continue the retracement to fill the imbalance and there is a confluence for a potential long if price rejects from bullish order block + institutional big figure 2.06000 + FIBO...
I foreseen a Head and Shoulder pattern being formed on our 30 minutes chart. This gives us a long sell with opportunity to pockets many TPs before our target. A proper risk management is required though. Please follow me for more analysis