This is an educational + analytic content that will teach why and how to enter a trade Make sure you watch the price action closely in each analysis as this is a very important part of our method Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
Sell: GBP / NZD Buy limit: 1.95900 SL @ 1.96320 TP @ 1.94800 Max Risk: 2% (When calculating, do not forget about different spreads from Brokers) Leave comments or likes to keep our content free and alive. Have a good week to everyone It is not an investment recommendation
This is quite interesting that blue zone is good resistance zone from the daily and weekly and we already saw that strong rejection candle. We should reject the zone again and dip all the way down to 1.9200 zone...or slightly above. So prudent trade would be a sell stop on break of 1.9330. Sell stop makes sure I only get take in when I am right. The R=3.57
As GBP news is coming today and BoE is expected to increase the Interest rate, GBPNZD pair will move massively. Short term interest rates are the primary factor in currency valuation and GBPNZD pair moves around 200 pips always. we can expect a massive movement in this pair. as the Interest rate is expected to be increased, we can assume that GBPNZD will fall down...
Fokus on short because NZ economic strong and GBP economic is weak. Furthermore on technical analysis, trend is downtrend.
GBP NZD SHORT wave analysis range momentum strategy break out
According to ABCD Harmonic Pattern Downtrend Channel Convergence on CCI
GBPNZD has broken the bullish parallel channel and the price is trading under it. Currently, it has approached to retest it and the horizontal resistance where price may face a hurdle. We are expecting a short term downtrend to continue
I am looking for short here if the price takes out liquidity above equal highs and rejects from bearish orderblock.
Gbpnzd approached a very longterm resistance, after a brief rejection to the LTF ascending trend line, sellers forcefully took over pushing the pair below the ascending trend line to the downside, a retest briefly follows.... This all gives a high probability for some downside action. Pls observe good risk management.
GBPNZD was moving in an Ascending channel on the H4 time frame and there was break out on the lower trend line, Followed by a retest. We expecting the pair to retest the key level listed on the graph. We taking this trade based on technical analysis and price action. (1) DO NOT ENTER ANY TRADE BEFORE THE ENTRY LEVEL (2) USE YOUR STOP LOSS (3) DO NOT HOLD A LOSS...
Waiting for a pullback into 1.93744 or 1.94816 to short GBPNZD back down to key support targets at 1.90841 and 1.89332. If you agree drop a like and if you have any questions leave a comment :)
GBPNZD has been in a bearish trend as visible on the charts. The price is expected to go down as long as it is under 1.94750 which has been reactive in the past. However, the break above will call for bulls to lead the price action. Trade your levels accordingly.
GBPNZD still currently downtrending, 4H still continues to make lower lows and lower highs. Although 1H did break to the upside, we failed to create a new high and broke to the downside. New range was created, fibonacci retracement snipe zone aligns with institutional candle for a mitigation trade.
As we are all our approaching tomorrow's RBNZ rate Hike, we are awaiting a possible raise of interest which will in turn spike the new zealand dollar. Teachnically speaking all upsides of GN has failed based on the current theree (3) highs of GN. Expecting Gn to break out of my breakout zone. the possible fall to my target. NB: blue box: breakoout zone red...
Waiting for a breakout of the consolidation and a retest of 1.94786 to short for a swing back down into swing lows at 1.90843. If you agree drop a like and if you have any questions leave a comment :)
Trade Idea: Selling GBPNZD Reasoning: Pre-empting the break downwards Entry Level: 1.9482 Take Profit Level: 1.9334 Stop Loss: 1.9524 Risk/Reward: 3.52:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis...
From a technical perspective on the daily timeframe; the strong bearish impulse leg will be our yardstick going into the new week as we should be looking forward to the exhaustion of the retracement wave to join the decline. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not...