A #long trade opportunity recently presented itself on the #poundkiwi (#GBPNZD) #trading chart 📈. This is indicated by the #bullish engulfing candlestick 🕯️ pattern on the 2.08563 horizontal support level. This indicates a fakeout (fake breakout) of the same level, with potential price move in the upward 👆 ⬆️ direction (#buy). Sufficient upward momentum should...
GBPNZD is currently forming a Harmonic Pattern (XABCD) along with a Trendline on the 4-hour time frame. This pattern indicates potential price reversals or continuations based on Fibonacci levels. Point D of the pattern is situated at a key Support level, suggesting a possible bullish momentum. Entry and Stop Loss: Based on the analysis, the entry point is...
GBPNZD is moving in a descending channel near the upper boundary. The volatility of the price movement decreased when approaching the channel boundary. We expect a pullback to the 50% retracement level. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
GBPNZD is exhibiting a potential Anti-Butterfly Harmonic Pattern (XABCD) formation, indicating a forthcoming bearish trend momentum. This analysis is based on key resistance levels and Fibonacci retracement levels, suggesting a strategic entry opportunity. Pattern Identification: The Anti-Butterfly Harmonic Pattern (XABCD) is emerging on the GBPNZD chart, with...
Welcome back! Let me know your thoughts in the comments! ** GBPNZD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
Will be looking for Long opportunities if the market taps the bullish zone. Based on just technicals.
Hello traders, we want to check the GBPNZD chart. The price is moving in an ascending channel and has reached the specified resistance level. We expect this level to stop the upward trend of the price and the price will fall to around 2.09700. Good luck.
I'm SHORT GBP/NZD from 2.1149 for the following reasons: a). R.S.I. is now reading 68 and was over 70 for the last 4 candles (76 last candle). This would indicate that SELLERS are taking the price under overbought. b). The high (2.1173) sits a band of resistance between WR1 and WR2 weekly pivot. Last week this area (2.1042 to 2.1084) saw SELLERS enter the market...
GBPNZD rebounced from the resistance and 127.20% fibo inversion. The market broke and closed below the support level of 2.1000, which became the resistance. On the D chart, the market is consolidating. We expect a 50% pullback from the resistance if the price makes a false breakout of the resistance. ------------------- Share your opinion in the comments...
The GBPNZD is in a bullish trend clearly as we can see on the 4 hour chart. We have a series of higher highs and higher lows. Prices currently overextended, we anticipate a retrace down into the 4 hour imbalance area where a buy opportunity could present. Target set previous high and resistance levels as seen on the chart. Stop under the previous low. As always...
Pair : GBPNZD ( British Pound / New Zealand Dollar ) Description : Break of Structure RSI - Divergence Completed " 12345 " Impulsive Waves and " A " Corrective Waves Symmetrical Triangle as an Corrective Pattern in Short Time Frame and Rejection from Upper Trend Line
this chart is going to complete a head and shoulder pattern in the daily chart. of course, you have to wait for the validity of this pattern. the validity of the head and shoulder pattern is it should break the neckline. otherwise, it’s not a valid pattern.
GBP-NZD broke out of The falling channel pattern And the breakout is confirmed So we will be expecting A further move up!
Welcome back! Let me know your thoughts in the comments! ** GBPNZD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
GBPNZD pulled back to the support level that was tested two times. Usually, the price breaks the level on the third attempt. The market has bearish sentiment, and there is a high chance that the price will continue moving south. We expect price action to make a pullback and go down to test the lower border of the descending channel. ------------------- Share...
Hello traders, we want to check the GBPNZD chart. The price has broken the descending channel to the top and pulled back to the key level indicated. We expect this level to play the role of a support level and the price will maintain its profitable trend. The first price target is 2.07200 and if the price can break this level, the second price target will be...
GBP-NZD broke out of The falling channel pattern And the breakout is confirmed So we will be expecting A further move up!
GBPNZD in the descending channel is pulling back to the confluence level. The market overall is bearish, so we anticipate a price move down from the resistance. Price created a confluence level where we have a bearish harmonic pattern channel border and dynamic resistance as well. We expect to tap into the resistance zone and continue trending...