This pair has been falling since late September through a descending channel. The warning point for bears is that unlike many occasions in the past, in the latest upward push towards the upper boundary of the channel which coincides with the latest broken support line, this time we have yet to see a powerful move lower. Price is flirting with the channel which is...
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Pound - kiwi has been breaking through the 50MA then presenting nice bullish moves once its broken back through.
If it Rejects On this Lower Trendline By Closing Above This Trendline i am gonna long here with take profits@ upper flag 2nd condition if this candle closes below the trendline then i am gonna short with take profits@flag 3rd condition if candle closes below trendline and then market crossess the 2.37964 level then i am gonna reverse my position to...
Trade I am looking to buy GBP/NZD on a break of 2.37. My stop will be at 2.3555 (145 pips) with a target of 2.4173 (473) pips. I am labelling this as wave c of iii of an ending diagonal. We maybe haven't got quite enough information to confirm this yet but if it not a wave c it will be a wave 3 so either way I am looking for upside. RSI is holding the 50-40 zone...
With a nice short opportunity with target around 2.30, I expect to see the price fall to complete the Bullish Bat pattern.
Potential rate cut from RBNZ on Wednesday July 22. If not then RBNZ will still be very bearish because of poor CPI figures and dairy prices last week
GBP/NZD looks like it is forming a complex wave iv. This pair has been on a strong upward trend since April. Please also note that the RBNZ monetary policy meeting takes place on Wednesday 22th July and they are expected to cut interest rates. So far price looks like it is dropping as a W X Y double Zig Zag correction. I have labelled waves W X and a of y and b...
Candle Close above the high will open doors to the Flag Take profit levels Entry@ Breakout Trendline Stop @ Breakout Trendline Low Close Take profit @ Flag Described On chart
GBPNZD held major support level at around 1.9350 area. A rejection bar formed on the daily chart at this level indicating possible price reversal. Also A decent falling wedge has been forming for the past few days which increases the probability of price breaking out of this consolidation into higher levels at around 1.9800/1.9900 area which is the nearest strong...
I think we have a nice bullish bat pattern. SL and TP targets on the chart.
Huge Bullish Pattern 4H Buy Limit @ 1.9437s SL: Below 1.9200s Target 1: 1.9968 Target 2: 2.0300
I believe I see a head and shoulders/kings crown formation on the weekly of the GBPNZD. I am going long from 1.9617 with a stop at 1.92196. Limiting out at 2.1406 Any thoughts on this?
GBPNZD key sypport 1.94. After unsuccessfully closing below 1.94 yesterday, look for any H4 D1 bullish pin bar cutting 1.94 before entering any buy trade. Trade invalid if D1 manages to close below 1.94.
I let the chart do all the explaining.