GBPNZD is currently at a critical support and has touched the bottom of a falling wedge type formation on a Higher Timeframe. We can potentially see good upside this week and our targets are 1.94000 (initially) and 1.96500. Good Luck!
GBPNZD - Yesterday Price created a new low on the Daily TF, then broke structure to the upside on the LTF creating liquidity, I'm expecting a retest of the lows (Potentially following the pattern) before trading the CD leg, I have 3 possible entries long here.
Whats your thoughts?
The blue and red lines mean: I think prices can return in these areas.
Green lines mean: I think the price can reach these areas. They are therefore known as transaction targets.
If you want to use this deal, please risk only one percent of your account balance.
GBPNZD, Potential Swing long, price is sitting on quaterpoint which also lands on the D point of a daily shark & a daily OB.
There's not much reaction at the current level which indicates to be the bears are still in control, I feel once the OB is tapped into below price will reverse and head back towards the previous quaterpoint (Daily high) If price breaks and...
GBPNZD - Potential Daily Crab, D leg lands in the daily demand zone, clears an imbalance and taps a refined OB (This is my ideal entry for a buy, highest probably, lowest DD trade)
However price may just clear the daily imbalance (1.93043 level) and then reverse!
Will be watching PA as it reaches this level. First level ill take a swing with LTF confirmation...
GBP - Weak Bullish
1️⃣ BOE Chief Economist Huw Pill says that the current strength of inflation appears to be proving to be more durable than initially expected and the BoE plans to release asset purchase stocks in the best possible way.
NZD - Weak Bearish
1️⃣ The expectation of an interest rate hike is already expected. Not surprising the...
GBPNZD - Potential Crab, Price is trending up on the HTF and I'm hoping for price to return to the 1.95993 level to fill a previous imbalance and then reverse from an OB to continue the HTF trend bias.
The previous reaction close to this level is very strong and we have a lot of confluence, a bounce is probable.
Whats your thoughts?
GBPNZD, according to Marketmilk on Babypips, indicated an uptrend. The bull market, based on the Chain pattern of HL and HH, can be expected to hit two take profit peaks. This is a good swing trade idea, if GN continues sustaining the bull run. If you would like to enter this trade, please use proper risk management.
We consider buying this GBPNZD pair because of a strong support below. We know what we are doing and we do what the market is doing. This is more than an institutional analysis. Invest wisely. Thank you for following me on tradingview.
price make a broadening wedge pattern, and the last structure price made an uptrend but already breakout, it will be going down and break out the support or going down for bouncing back to the uptrend.