MONDAY, 4th May 2020 #GBPNZD SELL ENTRY = NOW at 2.06600 SL = 2.07300 (-70 PIPS) TP = 2.03000 (+350 PIPS) Disclaimer On PLEASE USE YOUR OWN MONEY MANAGEMENT RULES Your Money is Your Own Responsibility
Appears to be in a corrective pattern. I am anticipating a sell. I've added some notes to the chart on my analysis.
For more analysis leave the name of the pairs in the comment section
Waiting for the Daily Support to break to the down side Currently acting as a Double Top on Daily Long
I expect gbpnzd to pull back to the 0.236 fib area which will also be testing the daily uptrend, the 100D EMA and key support area. You can also see a double top highlighted on the chart Then ill wait to see if it respects the uptrend for 4th time or look for short positions if trend is broken, retested and bearish engulfing candle
GUYS you can see my previous anlysis of gbpnzd it reached its buy target nut now gbpnzd is not in good position either to enter on buy or sell in current point according to my anlysis when market opens gbpnzd can move to buy around 40 to 80 pips and make a tail in a day candle you can than enter on sell with small lot and than move in sell direction and once it...
Pulled back to the .078 region on the fib after the last bull run, i expect a bearish pullback to the 0.5 or 0.618; possibly continuing down to test the 4H uptrend (and/or) weekly uptrend before then going long
GBPNZD is looking for long sell due to lot of sell pressure building from few days.our strong sell are begins from 2.05400.Our 1st sell target will be 2.04300 which is highly possible to be achieved while after little retracement as metioned in chart analysis,it may goes for 2nd target which will be 2.03400.
After the push down, we look to hit our next target
Note: Idea is to complement your research. Check comments section for future updates on idea. Like this idea? Like, Share, Follow (...) Thank you and Happy trading.
Note: Idea is to complement your research. Check comments section for future updates on idea. Like this idea? Like, Share, Follow (...) Thank you and Happy trading.
gbpnzd correction complete now time big sell
Market slowing finding its way down with confirmation on Daily
Gbpnzd is testing its very main resistance at 2.10773 there are 90% chances after testing this resistance gbpnzd will change its buy trend and make a new sell trend but wait to enter in the market until it test and start coming down again so that we will confirm that it will go down now .
there is a weak bullish trend and I expect it to break Please support by liking