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Hello,Friends! GBP-NZD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 2.051 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the GBP/NZD pair. ✅LIKE AND COMMENT MY IDEAS✅
We'll put the buy stop as there is bullish divergence and the double bottom which means the price didn't break the previous lower low and may reverse now. It also forms the AB=CD pattern which suggests the D point as reversal zone. Entry: 2.04760 SL: 2.03709 Take Profit; 2.0581
Price already in my area of value, just waiting for the market to tell me to get in on a sell. ⚠️Word of Caution⚠️ setting the buy and sell position tools or drawing of direction lines on my chart doesn't mean I opened a position already or fixated on that certain bias, flexibility is also important, it just a forecast,i don't just trade when price hits my levels,...
"Found bullish divergence accompanied by the completion of an ABCD pattern at the Potential Reversal Zone (PRZ) and coinciding with a support level."
GBPNZD looks in bullish trend making higher high and higher low and we can see bullish divergence and double bottom pattern that's why i am taking buy stop entry here .
GBPNZD has given the clean breakout of long term consolidation. And now the market is retesting the broken level. sellers seems to be exhausted. if this breakout holds the next upside targets will be 2.0600 followed by 2.0800
OANDA:GBPNZD BUY position can be taken in the specified ZONE There is no position before the ZONE
After a down move market seems to be creating higher highs and higher lows and breaking structures to the up move
I forecast that GN is going upwards, not only it reaches 0.618 daily fibo, but showed minor triangle pattern in H1, target at nearest resistance as showed in video
GBPNZD ... Potential "Counter Trend Trade" for Next Week - Atlas
My dear subscribers, This is my opinion on the GBPNZD next move: The instrument tests an important psychological level 2.0435 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 2.0572 My Stop Loss - 2.0366 About Used Indicators: On...
GBPNZD broke the previous LH which shows the commencement of the Bullish trend. Moreover, there is a DOUBLE BOTTOM along with Bullish Divergence which strongly support the Bullish Setup.
GBPNZD is in a balance zone, and the price on H4 is undergoing consolidation. A rise is very likely.
The idea is GBPNZD long. As you can see firstly we have the last line (E) which shows us an exhausted movement in bear way. We have to consider that we can take the 2 circles as double bottom which is not verified yet. Also the support there with combination of the bullish RSI helps us to consider that the price movement could be for the GBP. The best option to...
GBPNZD looks in bearish trend makes lower low and lower high and there is not any kind of reversal indication that's why most probably it will go in bearish side that's why i am taking short entry
in my opinion, it's forming a reverse head and shoulder and has to be bullish in the future. I'm a beginner so what are your thoughts?
The GBP/NZD pair on the M30 timeframe presents a potential selling opportunity due to a well-defined bearish channel pattern. This pattern suggests ongoing selling pressure and a higher likelihood of further declines in the coming minutes or hours. Key Points: Bearish Channel: The price has been trading within a descending channel characterized by two falling...