Hey traders, here is the analysis for the GBPNZD. NOTE - Please do your own analysis before taking the trade. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks.
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.
As we can see near resistence level MARKET is making a divergence for bearish movement. If market confirm its Divergence then we fill find a short term bearish movement in this PAIR. after this we will fine a reversal move for bullish trend near its support and TL
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
FX:GBPNZD S/L 1.89773 - T/P1 1.87772 - T/P2 1.85154 - T/P3 1.82659
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
My second trading plan for the next week is GBPNZD pairs. As you can see there is a gap which has not been filled for 2 weeks. It's quite a big gap and i think it will be fulfilled sooner or later. GBPNZD finally broken below the ascending trendline which supporting it since 15th December. I am now waiting for price to retest that trendline before taking a sell...
Welcome to our weekly trade setup ( GBPNZD )! - 1 HOUR Bearish price action and pressure. 4 HOUR Overall turning market structure, expecting more downside. DAILY Good short entries, closure below main sr level. - FOREX SWING SELL GBPNZD ENTRY LEVEL @ 1.90060 SL @ 1.91300 TP @ 1.88210 Max Risk: 0.5% - 1%! (Remember to add a few pips to all levels - different...