Analysis of #GBPNZD Hello friends, i am waiting for this ABCD pattern to complete to enter short if the rules are met Kindly if this idea is helpful to you, leave a comment below and press the like, it will help me big time Check today analysis below⠀ _____________________________________________________________________________⠀ -DISCLAIMER: This...
We will be monitoring price action at the marked zone for any bullish setups, if the pair gives us the right structure we looking for the we will be interested in taking orders.
Possible longs that could play out due to trend and support holding. Seems as if price is setting up for a double bottom here to head back up
waiting for a bullish engulfing to close out of this consolidation area in order to enter this trade showing signs to the upside
FOREXCOM:GBPNZD I am looking for price action to break the structure level that is directly above. Once price action closes above this level, I would like to see a retest of this level to continue the buy up. In order for me to take a sell, I would need price action to break and close below the current trend line. Once I get a confirmed break and close below the...
In along term slightly bullish movement appears. However in a weekly move seems to gain stronger momentum.
We have some bearish hidden divergence developing and we are retracting back to the golden zone and a new minor resistance zone
Scenario 1 - Break of ranging market and continue to the upside. Potential long term target could be 2.00900. Scenario 2 - Continue of a ranging market / consolidation period (DO NOT TRADE THIS). Scenario 3 - Move to the downside and a break of the support level. Potential target would be 1.91270.
Potential buy here on the break of the daily resistance but only if we close above which at the moment we are not doing! Looking to fill this wick tomorrow.
Hello Traders! Today GBP/NZD has tested and rejected the downtrend trendline, which has acted as the resistance. Price has found the top at 1.9760 and slowly started to move down. Recently we shared an analysis for the EUR/GBP currency pair where GBP is expected to get weak against the EUR. This analysis corresponds to the GBP weakness, but this time against the...
1. THE RED LINE: this is the line on which the price has been reacting and now is acting as a resistance line. 2. THE PURPLE LINE: lont-term support and resistance line which is acting as resistance. 3. THE YELLOW LINE: the most important trend line that is been touched for the 3rd time since March 9th 20. 4. EMA 200: if we look at the daily timeframe, the chart...
GBP_NZD HAD A BREAKOUT. Wait for it to be confirmed on the daily and ONLY then start looking at the longs. Head and Shoulders pattern played out well. Like and Subscribe to support me!
H4 - Bullish trend pattern followed by double wave correction. Bullish hidden divergence, most recent downtrend line breakout. Expecting the price to continue higher further until the strong support zone holds.