OANDA:GBPNZD Price currently at the possible rebound area where we can expect price to reverse from, upcoming weeks expecting GBP to be bullish against NZD. However, first we will have to wait for price to reject and rebound strongly. Based on that you may take entry using accurate risk management. At least eying at 700-800 pips. Good Luck and Trade Safe....
GBPNZD has been in downtrend and now it has reached a key level which can be new Resistance zone while previously it was a Support Zone. If price breaks the Lower Low then the Resistance area will be confirmed.
. Don't forget about stop-loss. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
We broke a major structure alongside a resistance trend expecting more upside
Hello,Traders! GBP-NZD is retesting a Horizontal support of 2.068 From where we are likely To see a local bullish rebound Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Updated LONG idea for GBPNZD on the theory markets ranges 70% of the time. 30m LTF seems to be holding the LTF TL for now. I normally take late positions if retracement is no more than 30% of previous 4h bearish leg.
The GBPNZD currency pair is currently forming a Bullish Harmonic Pattern, specifically an XABCD pattern. This is a key indication of potential bullish reversal trends, particularly as the price approaches the D point. In harmonic patterns, Point D is known as the Potential Reversal Zone (PRZ), where we often anticipate a significant price reaction. Confluence of...
According to the current market structure, My forecast based on market structure which will lead the market to uptrend direction.
GBPNZD Buy Stop Loss: 2.064 Targets: 2.072 2.074 2.076 2.080 Swing Targets: 2.09 2.10 2.11 2.12
Could this be a possible selling zone for GBPNZD? Based on what price action is telling, the market is still bearish overall using the weekly TF. I'm anticipating sell for this pair based on the confluences that i'm getting at the current price range
✅GBP_NZD is about to Retest the broken rising Support which is now a Resistance so we are Bearish biased on the pair And so we will expecting A further move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Here is our detailed technical review for GBPNZD. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 2.079. Taking into consideration the structure & trend analysis, I believe that the market will reach 2.076 level soon. P.S Overbought describes a period of...
I'm excited to share an insightful observation regarding my current trade position. Upon conducting a thorough analysis on the daily time frame, I've identified a bullish fair value gap, signaling a promising upward trajectory for our trade. The bullish fair value gap suggests that the current market price is below its intrinsic value, indicating potential...
📉🚀 GBPNZD Market Analysis: Preparing for a Potential Downtrend! 🎯💼 Forex Traders, here’s a critical update on GBPNZD: OANDA:GBPNZD 🔄 Double Top Formation: GBPNZD has formed a double top chart pattern at the top of the current uptrend, indicating a possible reversal. 📉 Neckline Approach : The pair has reached the neckline of this pattern. A definitive...
GBP-NZD was trading along The rising support line But now we are seeing A bearish breakout So I think that after the Bullish correction, we will See a further move down !
Looking for buy in reversal trend target order block zone.
GBPNZD LOWER TIME FRAME TRADE EXPLANATION 30 min sz trade Hunting a 1/3 rr BUT we have huge W dz way lower. Depending on how the market reacts to this 30m supply, ratios might change to 1/4.5 or 1/10