I've traded this pair a lot over the years and very recently had a single 800 pip trade with additional shorts adding up to 1500 pips, once this thing is trending, it's a beautiful trade.
But Brexit, if we weren't negotiating Brexit I'd be Long on this pair, to not only go back to the highs of the head and shoulders pattern but, break the center line of the ...
GBPNZD Quick Buy Trade Possibility: Looking For A Slight Decent Move With This Pair. Smart Move Is Buying From A Pullback And Take Profit After A Spike Up.
GBPNZD has Formed Strong Bullish Pattern on Weekly Chart Which confirms that bulls are in control now. 1.91421 is crucial resistance on upside. I am bullish on this currency only above 1.91600 for the targets of 1.94000 and 1.95800 with stoploss of 1.89000
GBPNZD - First Corrective Impulse Expansion, Buy opportunity Upside. After strong Sell Pressure, from this point the currency Pair could turn higher into a new minor Cycle.
A nice bullish bat pattern has completed with RSI rebounding from the oversold level.
You may choose to long now or wait for some retracement and enter on lower timeframes.
R:R at about 1.1 (TP1) and 2 (TP2). Good luck.
Well what do we got here?
Our bounce strategy hit SL https://www.tradingview.com/chart/GBPNZD/1pLvOdwo-GBPNZD-EMA-crossover-LONG-Trade-120-pips/ so...
GBPNZD Bullish BAT ?
Point B retraced XA past .5 level but not beyond 0.618 CHECK
Point C retraced AB past 0.618 but not beyond 0.886 or A CHECK
(If) price retraces XA and touches 0.886 to form Point D ...
Technical Analysis: Bias Bullish
- Holds support at cloud base and above 110-EMA on daily charts
- Price spikes past 20-DMA at 1.9454
- RSI shows strong upside momentum above 59 levels
- Stochs have rolled over from oversold levels and biased higher
- +ve DMI has crossed over -ve DMI, MACD is on verge of bullish crossover on signal line
Fundamental Factors:
- ...
GBP/NZD extends upside for 4th straight session, trades 0.32% higher on the day.
The major is extending gains above 20-DMA and bulls now eye 'Triangle Top' at 1.96.
Technical studies support further upside in the pair. RSI shows strength at 61 levels and is biased higher.
Stochs support upside ans +ve DMI dominance adds to bullish bias.
We see weakness only on ...
In our premium section, we have published a bullish shark pattern which worked as predicted. - Attached idea -
Our second target was 1.93300.
This level is very important for the continuation of the bullish move.
As seen in the chart, price tested the resistance twice. The breakout and close below 1.93300 will carry the price 1.94500.
We recommend paying ...
Room to buy GBP at 1.9270, stops at 1.9170 and immediate targets at 1.97 or so. Chances of GBPNZD continuing with its initial buy run is high. I remain net bullish on GBP.
