GBPNZD looks to be ready to break out from 10yr lows. Has finally competed what looks to be an ascending triangle formation as well as an inverted H&S. Long-term swing trade idea. With the combination inflation and the DXY's strength increasing, I expect currencies like NZD to take a major hit.
GBP/NZD is rising towards the resistance level which is a pullback resistance that aligns with the 161.8% Fibonacci extension and could reverse from this level to our take profit
Entry: 2.11475
Why we like it:
There is a pullback resistance level which aligns with the 161.8% Fibonacci extension.
Stop loss: 2.12520
Why we like it:
There is a resistance level at...
Having seen a textbook setup on the daily timeframe wonder if this setup will playout considering the fact that:
1. It might take time to playout
2. Price might still decide to go south
3. Otherwise the Inverse Head and shoulder might playout
Just my thoughts though I await yours on the comment section
GBP NZD here we can see that price created a up trend line got break sweeping all the liquidity which are imbalance before now price have to sweep the liquidity at support zone, make a short trade as shown in the picture, follow for more live updates
The GBPNZD broke through and closed below a short-term horizontal support level, which has now become a resistance level.
Given that the pair is currently in a downward trend, it is likely that we will see further bearish movement towards lower levels of support.
Selling targets are set at 2.0799 and 2.0706.
GBPNZD filled yesterday its last visible Daily Fair Value Gap.
GBPNZD also held strong about the newest visible New Week Opening Gap (which is not that new, but still within the expiration window of 6 weeks).
I think it is also below a level that could be considered "liquidity" to a certain extend and there are many bounces in the area from where the price was...
Hello,Friends!
GBP/NZD pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 1D timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 2.078...
MARKET PHASE
GBPNZD is in a long term downtrend (daily) with a short term corrective structure that has been taking place (4 hour).
AREA OF VALUE
Price continued to break new highs within this corrective structure. Eventually, price reached an area where sellers stepped in, resulting in a buildup of liquidity (buy stops, longs, short stop losses) above the...
GBP/NZD is trading close to a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 2.1033 which is a pullback support.
Stop loss is at 2.0983 which is a level that lies underneath a pullback support and the 61.8% Fibonacci retracement level.
Take profit is at 2.1106 which is a pullback resistance that aligns close to a...
. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Ive been watching this for a while,waiting for the 2.09300 level(Low) to be broken and tag the 2.08823 level for buyers to step in the game. If you wanted to play it aggressive, any one of those level would have been superb entries.
As on now i see GBPNZD heading to 2.12107 next week if we see buying momentum.
Type of order. pending buy order.
Last week it suppose to move up.
So now, and the rest of the week it need to move up.
Blessings.
Enjoy 1:3 risk:reward
. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
GBPNZD
inverse head & shoulders on weekly
breakout of the neckline
pullback into the neckline
now it cooking lift up to the upside
entry criteria
waiting for 4H bullish candle close above area of value
and pullback then it a ride to the upside
OANDA:GBPNZD
What I'm looking at right now.
My entries and exits and stoplosses...
Definitely very bullish...
Weekly bullish
Daily bullish
4H bearish...
