British Pound / New Zealand Dollar GBPNZD

Hello traders, GBPNZD stucks in an invisible consolidation. In a 4hr time scale, @ 1.9843 the pair marked a downward impulse and pulled the price range down. GBPNZD sustained trading beneath 1.9750, the 1.9675 previous supports. Now, the same points became resistance for the price range. Signals have a brighter chance for the price drop to 1.9520 support zone. ...

Depends how the market open, if huge gap down without retracement, then forget it. If huge gap up, jump in the ride will you!

The 11 am candle closed with a wick and I am not selling pound nzd back into the support level in front of 196. If you are not on, you might wait and take a trendline break.. I'm 40 pips into the trade and am going break even at 50 pips because I don't want it to run over the weekend. Take care.

We must wait for break and close of the resistance line.

The pair is currently undertaking the process of forming a descending triangle. For the longer term traders the idea is to wait for the break of the triangle (can be both ways, but a higher probability on the downside as the longer term RSI readings are extremely overbought). For day traders there is a good opportunity to go short on the break of the short-term ...

Back to its range zone. Support at 1.96 zone. I am only bullish Disclaimer: The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is ...

GBPNZD now has reached a refection point on the channel which could b a great sell opportunity. There are 370 pips ahead for the first main wave down . And 619 PIPS for another main wave down. Now just waiting for more entry signal to confirm. Less is more!

gbpnzd will start new ascending wave to 2.000 then 2.02 by next few weeks every down is buy

Inspired by an indicator I found on stevehopwoodforex.com and the endless possibilities of tradingview.com I came up with this currency strength visualisation concept. *Please hit the zoom-out button once* (or more if you're feeling wild) This may look like a mess, but the last few "bars" on the chart are holding some useful information! I'm sure I'm not the ...

Hi there, Watch for the breakout and buy the breakout. In case price breakdown clearly then watch froe the correction and look for sell after correction. Good Luck. Please support the setup with your likes, comments and by following on TradingView thanks

Had a great session learning from Lex Waves and Oran Wright today! Seems to be a head and shoulder pattern forming on GN off of the 4 hour time frame.

GBPNZD is trading within a very long term 1W Channel Up (RSI = 58.689) and has now just priced a Higher Low (MACD = 0.013, Highs/Lows = 0.0133, B/BP = 0.0680). A retrace is now expected to either 1.94500 or 1.9300 for a Higher Low. We will be buying both spots for a TP = 2.0300 (projected new Higher High).

We are tracking a EW triangle, complex correction on the daily time frame of GBPNZD. A triangle is a complex, five wave pattern which moves within two contracting or expanding channel lines, and also unfolds prior to the final leg. This means, once our bullish triangle fully unfolds, a new recovery into higher degree wave C, above 1.9610 level may follow. At the ...

Days of holding this level!!! Like BIG BASE,waiting for the drop!

wait for price action signal

Trade the set up. Good luck.

GBPNZD Bullish Pennant Formation on the Daily chart Details are on the chart. Personally waiting for a pullback to occur before taking out a position. Happy Trading!

GBPNZD / H4 / Short Anaylsis