uk.tradingview.com Hey guys, thanks for checking out my idea, hope it helps. Why do I think Trend continuation? Let's start with the first Double Bottom (DB), it retraces at the 618 and shoots up to a new structure high, I believe that this pair is on a retracement after hitting the strong structure resistance from 2011 and also as extra confirmation the...
Weekly chart of GBPNZD and we are facing a critical level. If structure holds an explosive move up will be needed to break the previous multi-year support. If this zone of importance does not hold, likely to continue down to lower zone & along the trend line that has formed. As always; don't trade assumptions. Wait for price to react to this level and then jump...
Fundamental: GBP:Hawkish BOE, Brexit progressed to the second phase, COT shows speculator are building position on GBP NZD:No significant progress in term of political & monetary policy after the election. Technical: Inside bar formation at the weekly key level support. Price also show bounce of the daily immediate support
Fundamental: GBP Strenght due to positive negotiation with EUROZONE on Brexit Bill Weak NZD data & no significant news update and dovish RBNZ policy Technical: Pair broke significant weekly resistance Stop below the weekly, support
Entry market : 1.91040 Enter Buy limit : 1.90800 Take profit 1 : 1.92222 Take profit 2 : 1.93815 Stoploss : 1.90080
Hi guys, on the daily chart on GBPNZD we've recently created a new structure high. This makes my bias directed to the upward direction and therefore more incline to take long opportunities. As i went down on lower timeframes such as the 4H, i've identified a nice harmonic pattern (a Gartley formation) that's right near the completion point (brown line). Since the...
Hi guys, on the daily chart on GBPNZD we've recently created a new structure high. This makes my bias directed to the upward direction and therefore more incline to take long opportunities. As i went down on lower timeframes such as the 4H, i've identified a nice harmonic pattern (a Gartley formation) that's right near the completion point (brown line). Since the...
All Trade Parameters shown on the chart.
Fundamental: Postive outcome of Brexit Negotiation between EUROZONE & UK strengthen GBP Strong UK data till now, however watch for BOE Carney speech Technical: Continue uptrend channel with Bullish Pin bar formed at the support level Use limit order to enter to obtain better price
All Trade Parameters shown on the chart. Long setup in weekly Demand. We trade the weekly uptrend
Looking for a pullback to the highlighted area which is strong confluence between the rising channel support, a key demand level and the 61.8 fib, as well as the 55 SMA also being in the same vicinity. Looking for a pullback for a long with a target of at least 400 pips to the most recent highs if not further.
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
This pair has just hit a major supply/demand level at 1.905, looking for a drop and break of minor support at 1.8910 to take along at the confluence between minor support at 1.880 and the upward channel support which goes back to August. I would be looking to take a long back up to 1.90 as a whole number and major area.
price looks making an inverted head and shoulders, as we have bullish divergent. we can try to buy on on the right shoulder
watch the structure area or wait until flag break to short. we can aim another downside movement
GBPNZD potential Longs M up W up D1 up Entry longs on D1 demand zones below If the first D1 DZ does not pan out then we look at D1 within W dz below that
Some of the big market makers started to speak about “overvalued” NZD. The lack of progress in Brexit negotiations was a drag for the Sterling mid-week, but the news was quickly followed by headlines indicating that the EU could offer the UK a 2-year transitional deal, bringing some relief to speculators. The EU27 group will meet this upcoming day to discuss...