GBP/NZD has hit a line of recent resistance from last week and appears to be decling from this level. This level coincides with the Pivot Point Supertrend SELL signal. On the H2 time frame the RSI is well into over bought territory reading 76 and we're alos at the WM3 Pivot so all signs are that GBP/AUD BEARS will enter here and attempt to drive the price...
The price perfectly fulfilled my last idea. It hit the target. FX:GBPNZD pulled back to the support level after a bullish move on the daily timeframe. Price broke the previous resistance zone, which is the support level now. I think if the price rejects the support level, we will have a pullback into the range zone. I expect a bullish move from the support level...
I am looking to go short on this pair after I get a retest, ⚠️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, I've got rules of engagement. The...
In the daily time, we see an increase in the price sharpy, which has reached a strong resistance zone. As a result, in this area we expect a return or at least correction to the specified range.
Lately on GBPNZD the price has just took out our buyside liquidity and its now heading for the sellside liquidity
GBPNZD I expect it to fall! SELL IT! 🧠My dear subscribers, GBPNZD may fall due to the strong resistance of 2.0700 The pattern formed a nice correction graph. Bias - Bearish ——————— My Stop Loss - 2030 Target - 2.06389
The market is currently at the daily support level, where we expect it to move towards the buying direction. If we look at the 1-hour chart, we can see clues such as a double bottom pattern with its neckline already broken above. Now, we will anticipate the trade as follows: Entry: 2.0662, Stop loss: 2.0615, Targets: 2.0717 & 2.0757.
Price has found support and has touched the bottom of the bullish channel. Price remains above MA's. Price is also very close to the bottom of the Keltner channel
GBPNZD formed a cute inverted h&s pattern on a key horizontal support. We see a formation of a bullish imbalance now. The pair will most likely keep growing. Next resistance - 2.075 ❤️Please, support my work with like, thank you!❤️
Hello,Traders! GBP-NZD is going down But will soon hit a Horizontal support level Of 2.0575 from where A bullish rebound It to be expected Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Hello,Friends! Previous week’s green candle means that for us the GBP/NZD pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 2.038. ✅LIKE AND COMMENT MY IDEAS✅
Dear Friends, I hope this message finds you well and that you're having a great start to the week. I wish you success in your business endeavors. As someone interested in the Elliott Wave principle, I find it a valuable tool for analyzing the market. I have developed my approach by combining this principle with my personal experience and by considering various...
OANDA:GBPNZD A short position can be taken on the specified levels There is no position before reaching the surface
The idea is the same the previous post but that one was a pre mature entry.
My bias lies on the Supply price not being filled. And the market has been making higher highs & higher lows, which also tells me that the market is more likely to move up and fill the supply price. This is all short term, the overall direction of this pair is going down.
We have hit Fib area Fast Up Wave and then Wyckoff Up-thrust signal -WU at the top and down we go Correct entry already at 70 pips but I think it will continue