The GBPNZD is after the Double top effect and is back on the rise. The GBPNZD over 2 important average lines (100,200) The candles are placed over the Ichimoku cloud that accompanies the GBPNZD with a green cloud! The Stochastic in the ideal area that recommends buying. All these technical data indicate continued increases. Target: 2.0370
lets how it will act at these zones ... no entry without price action move ... good luck guys
Following up on the weekly analysis I posted earlier, GBPNZD has broken the daily corrective structure channel, and it's retesting it. The break out is an impulsive move followed by a corrective structure that seems to be unfolding as a zigzag. The correction in wave (ii) of C has retraced 61.8 - 78.6% of wave (i), and it's within a deep Fibonacci extension zone...
GBP/NZD Head & Shoulder Pattern is confirmed!! Expecting price to drop to 1.988. Focus Time Frame: 4H/1H Market Condition 1D Short Term: Downtrend 1D Long Term: Uptrend
In the second pick, a Double top template was created so we recommended a sale, there was a decrease but it did not hold and gbpnzd returns to increase in strength. The buying position will be with the trend. We believe that gbpnzd is on the way to resistance at 2.0400 and then if there is indeed breaking then the next target will be very very high.
An important Double Top pattern is created in the daily graph that usually causes pullback as you can see already started. According to Ichimoku, the upward trend will continue. Target: 1.9930
GBP/NZD short Entry 1 2.0130 Entry 2 2.0160 Sl 2.0190 Tp.1 1.9940 Tp.2 1.9900 Tp.3 1.9840
Price had a good bull run. The retracement seems to lose some steam but I think there is still some momentum left for one leg up. Price probably won't make a new high but I put my TP on the highest pivot point just in case. We have a nice window of opportunity to open a long trade with price showing support close to the trend line. Just be patient and see what happens...
bearish bat. waiting for PRZ zone
*Bear model. *Serious support was broken at 1.9034 which led to large declines. *The above is daily, the weekly and monthly graphs support the bearish model. *The GBP / USD is very bearish against the model of NZDUSD which is bullish. Target: 1.8480
Price have broken down B leg of ABC correction for a potential 1000 over pips opportunity. Current entry price also shows a nice 1:2 risk and reward ratio.
British Pound / New Zealand Dollar FX:GBPNZD H4: - Structure: Sideways - Below resistance - Candle: reversal => Sell Don't Forget to Follow me hope you enjoy my Efforts Thanks
There was a false breakout above the resistance level at 1.93982 so I have been waiting for a short signal which has been completed. Notice the bearish engulfing candle pattern that has printed and pulled price back below the resistance level? Thats the signal... Shorting at market price 1.93895 with Stop loss placed just above the bearish engulfing pattern at...
Breakout occurred followed by a re-test of the support as resistance. I am shorting @market price 1.87689 with my stop placed above the resistance level at 1.88672 and my take profit provisionally @ 1.84539 just above the support when using the swing low on the left marked with a yellow bar Don't bet the farm and always exeercise healthy risk management. This...
GBPNZD / LIBRA PATTERN Watch bottom for long. Please support the setup with your likes, comments and by following on TradingView thanks.
Price bounced off daily support made a new high and higher low. we can now see price action make unto a higher low, swing low to high it will land beautifully at that support which puts us at a 61.8% fib level. the buy set up would be the initial move i'm going for.