GBP/NZD Potential long opportunity Bullish market overall Pay attention to the market structure & pay attention to price action and where price can give us a rejection for a long opportunity.
This is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify any
GBPNZD broke and closed above a key horizontal daily resistance. The broken structure turned into a key support. The market will most likely keep rising next week. Next resistance - 2.13 ❤️Please, support my work with like, thank you!❤️
My dear subscribers, This is my opinion on the GBPNZD next move: The instrument tests an important psychological level 2.1112 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 2.0940 My Stop Loss - 2. 1200 About Used Indicators: On...
. 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
GBP is getting stronger since March 22 and trend continues offering multiple entries and exit opportunities until now March 28
Hi traders, I took a short trade in GBPNZD, looking for a decent profit here.
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...
MARKET PHASE OANDA:GBPNZD is in a long term uptrend (daily) with a short term corrective structure that has been taking place (4 hour). AREA OF VALUE Price continued to break lows within the corrective structure until it began to hold the bottom. There was a buildup of liquidity (sell stops, shorts, long order stop losses) below the corrective structure...
This pair made inverse head and shoulder, After 6days of resistance the pair made new Higher high today, Also in the week the pair is making inverse head and shoulder, Draw your supports near the neckline and wait bull signals
welcome here is my gbpnzd long idea its based on very bullish market lets see if we note new higher highs
Lets go to test the point of interested in the Weekly chart.
Dear analysts and traders, I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules. As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have developed...
Hello,Traders! GBP-NZD is trading in An uptrend and the pair Has formed a bullish triangle So IF we see a bullish breakout Then we will be expecting A further move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Manage SL during news time, intraday trade tp and sl mentioned not a financial advice
As per our previous analysis, GBPNZD experienced a significant increase in value, leading me to exit the previous deal. At present, I am waiting for the price to return to the support area. I have initiated a purchase deal which is currently showing an upward trend. Wishing you good luck.
Daily uptrend, 1hr demand entry into daily supply, 6:1 RR.
When the price reaches the top, we expect a re-correction towards the nearest support area