Hello traders! ‼️ This is my perspective on GBPNZD. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for long. I want price to continue the retracement to fill the imbalance and there is a confluence for a potential long if price rejects from bullish order block + institutional big figure 2.06000 + FIBO...
FX:GBPNZD is now creating the right shoulder of the Head and Shoulders pattern. I'd wait for the neckline penetration to validate the pattern before going short.
price as been bullish for some time then it made a pull back into a SnR zone in which price got rejected with bullish engulfing on monthly and morning star on weekly. price formed a falling wedge on daily and it as broken to the upside so we will wait for a pull back then wait for a bullish signal to go long
4 hr BoS on the Daily OTE Price retested on the 1hr OTE and we got a 15m BoS Targeting unswept Asian lows. Will be closing partials on the first yellow line
In today's trading session, our attention turns to GBPNZD, where we are observing a potential buying opportunity around the 2.06900 zone. GBPNZD, currently in an uptrend, is navigating a correction phase, drawing closer to the trend at the 2.06900 support and resistance area. From a technical standpoint, the uptrend in GBPNZD suggests a positive bias in the...
The markert has completed a running flat correction and therefore wave C is expected. the pound is very bearish and will be for months to come.
Hello,Traders! GBP-NZD keeps growing And the pair looks locally Overbought so I think That after the pair Retests the horizontal Resistance of 2.0600 I will be expecting a Local bearish correction Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
seems like GBPNZD is loosing its bullish momentum, double top with bearish divergence is sign of possible trend reversal, sell on breakout of previous lower high for confirmation
The price is rising towards the buy entry and could potentially rise to take profit level. Buy entry is at 2.07826 which is an overlap support that aligns with the 78.6% Fibonacci retracement level. Stop loss is at 2.06016 which is a level that sits under an overlap resistance. Take profit is at 2.09636 which is multi-swing-high resistance level. High Risk...
GBPNZD Weekly_Broke minor weekly lows Daily_Broken low @2.04549 Nice pullback (H),created a new LL daily structure is bearish expecting a LH @2.06843 (FIB/area of supply) #BYKCAPITAL #LETSEAT
I foreseen a Head and Shoulder pattern being formed on our 30 minutes chart. This gives us a long sell with opportunity to pockets many TPs before our target. A proper risk management is required though. Please follow me for more analysis
I foreseen a head a shoulder being formed on 30 Minutes chart and a long sell. Follow me for more analysis 👌
Welcome back! Let me know your thoughts in the comments! ** GBPNZD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
We have a nice breakout on this pair and a nice falling wedge which shows that the trend will continue to go up to form new high's. Wait for a retest or consolidation then continue with the trend. GOODLUCK!!!
We are losing selling pressure at this liquidity level, which could lead to a potential rebound. This provides us with potential buying signals to explore new higher points, notably the level 2.07294. Therefore, we are opening a long position to initiate a purchase and attempt to reach this new higher level.
Bearish divergence spotted on an ascending channel on 1hr chart of GBPNZD. We can see soon that it may start falling or may go in distribution phase (Consolidation).
GBP/NZD is approaching an overlap resistance resistance and the momentum could potentially carry price up to the take profit target. Buy entry is at 2.06497 which is an overlap resistance and a potential bullish breakout level. Stop loss is at 2.05330 which is a level that sits under an overlap support. Take profit is at 2.07850 which is a pullback resistance...