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...
19th friday GBP news can be used as a driver to move price to ERL from IRL
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...
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GBPNZD - Classic bearish formation - Our team expects fall SUGGESTED TRADE: Swing Trade Sell GBPNZD Entry Level - 2.1142 Sl - 2.1195 Tp - 2.1036 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
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
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...
GBPNZD is trading in rectangle after a bullish move, there is no diversion on RSI and we can anticipate bullish breakout from rectangle.
The pair is currently trading in range forming a symmetrical triangle. After an uptrend the symmetrical tringle is continuation pattern idicating that breakout can see the uptrend continuation.
We can attempt to buy GBPNZD as it give breakout of LH , also bullish divergence occur indicate that it move upward. SL , TP mention in chart.
Its never too late to enter the trades on this pair, aiming for PSTG 1 and 2. The market always has key levels, weak resistance, and that's where we make more money.
GBPNZD has swept out our Buyside liquidity went back inside the range got retested and distributed to the downside and price is now heading for the OB for the final retest before going further down
price breaking lows and now we're retracing to make a lower high. Disclaimer: this is not a trading advice, just my own perspective.
A glimpse of the GBPNZD in the first half of 2024 Stay with me to get more analysis after following me by sharing with friends and leaving a comment. According to my risk and capital management system, the risk of each trade is one percent per position. What do you think about this analysis and other analyses? What symbol would you like me to analyze for you?
Daily Bias is Bearish- Target is the FVG on H1 .. RR 5:1 Hopefully we get some volatility to help us reach Target before 3pm New York Time
The price of the currency pair is expected to start a downtrend after reaching the resistance level of 2.09181 Consider your risk management before entering a trade. Pay attention to economic news and events that may affect the GBP and NZD exchange rates
Divergence Followed by Convergence Presents a typical case of; Pullback followed by a move to the Downside Entry Zone SL TPs as in the chart.
There's strong downward momentum observed on the HTF, with price forming a double top followed by a downward move. Currently, there's a consolidation phase just through the previous swing low. I'm awaiting further confirmation before considering my next move. Given the potential inflection point at hand, it's crucial to wait for clear confirmation signals. I'm...