Preconditions: - accumulation - key level - false break out Push like if you think this is a useful idea! Before to trade my ideas make your own analysis. Write your comments and questions here! Thanks for your support!
GBPNZD BEARISH CRAB PATTERN Market Sell Order Set Up. Sell Entry: (1.91222) Min Take-Profit: (1.90577) Max Take-Profit: (1.90055) Stop-Loss: (1.91975) Max Risk-Reward: (1.55) Smash a Like button and leave a Comment, I appreciate every support. Goodluck.
GBPNZD is quite interesting as there is no strong structure levels before 1.87. There was a support ledge which has failed to hold and we can now see price failing to the downside.
GBPNZD WAVE CORRECTION Market Sell Order Set Up. Sell Entry: (1.90687) Min Take-Profit: (1.89239) Max Take-Profit: (1.88319) Stop-Loss: (1.92141) Max Risk-Reward: (1.63) Smash a Like button and leave a Comment, I appreciate every support. Goodluck.
Plan : wait for the price to bounce off from trendline or resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing , pinbar etc --> SELL **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment...
As we can see we are inside a consolidation zone. Inside in this area we have noticed that we have formed a strong trendline that represents support, and we have broken this support after 7 hours of trying. Now we will wait for the retest of this Support which is now resistance and again the Bearish movement until the touch of our Target.
As we can see upper trendline channel, resistence level etc. so we are expecting a reversal near resistence.
GBPNZD, Respecting two strong trend line and retesting strong Support! Watch out Friends!
GBPNZD WAVE CORRECTION Market Sell Order Set Up. Sell Entry: (1.89700) Take-Profit: (1.87842) Stop-Loss: (1.90932) Max Risk-Reward: (1.51) Smash a Like button and leave a Comment, I appreciate every support. Goodluck.
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 LOOKING FOR BUYING BECAUSE THE MARKET HAS REJECTED THE SUPPORT
GBPNZD will go bullish after a retest, So here we have 2 opportunities which are SELLING and BUYING however it is always a good idea to catch overall market direction opportunities, Generally we will take buys because the market has already tested the support and it is looking forward to test the resistance
GBPNZD is negociate on key level at now, before follow the uptrend
The counter has broken down a head and shoulder pattern. The pattern is right inclined which portrays extreme negativity in the counter. Hence, we expect the pair to be bearish in the short-term.
When we posted our GBPNZD ideas some of you came back to us with negative comments, some even stopped following us 😿 Well we did insist on posting it and it did happen and we had the guts, patience, psychology and risk management working for us in order to get to the profits. Again, technical analysis never lies but you guys need to learn how to TRADE if you...
The third attempt to break over the resistance was not successful either. Price is in a descending triangle at the moment and volatility is expected in 9x4h candles = 1 to 2 days) Will need to manage our positions accordingly and be patient enough to get on a good trade here.
Further to our previous idea, this is one of the assets that from our technical analysis shows great potential to rise, yet fundamentally it is not the strongest of trades. From our experience we prefer to believe the chart than listen to the noise. 3rd attempt can be the one.. let's see what happens now