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Gbpnzdtrade

Watch for Short entryKeep a look out for potential Short entry on GBPNZD, looking for a break below this short multi-week trend Key levels are as follows : *2.0119 - 2.0152 - resistance zone *1.9943 - previous higher lows, potential bouncing point for start of consolidation below trend or a reversal point back into trend Observations for Bearish sentiment : 1 - Oscillators showing bearish divergence on starting from 30m to 4H. 2 - For now it looks like it is not ready to test the trend support, oscillators showing a reversal from oversold if that's your thing. 3 - Price action looks exhaustive and unable to continue above resistance zone, will see if this short term upside move (point 2) will break that Trade plan : 1 - For now look out for formation of consolidation below trend , NO ENTRY FOR NOW Will update accordingly * price levels might differ based on the broker you are using, however the underlying principle is the same. If the target is the previous price high point, do adapt that level based on what you see on your broker's chart
by ng4312
GbpnzdLooking for 340+ pips 💲💲 This is the chart of gbpnzd Reasons for take this trade 1 - it's gave channel pattern breakout 2 - it's completed ABC pattern 3 - fib retracement(very important) 4 - if we see long term chart then we easily can see first there was impulse then retest and now continuing impulse 5 - history repeating 6- index showing weakness Here are the reason to take this trade I hope I am succeed to give value and learning We will get better together with time 🥰🥰🥰 That's was my analysis Thank you 💟
Long
by forex_academy07
5
forex | GBPNZD multi timeframe analysis - long term sell tradelearn how to trade support and resistance with psychology trading areas ________________________________ starting with the monthly time frame we notice that we are in a strong downtrend so, we trade with the trend and start searching for selling opportunities. and we found that the price moving in sideways so, in this condition, we follow support and resistance strategy. moving down to the weekly chart, which confirms the support and resistance area. the daily chart we are in a clear uptrend so searching for selling opportunities is so risky right now. so we have to align our analysis with the COT report and draw an uptrend in a smaller time frame like 4hr chart and waiting for a break-out then we start selling with low risk.
Short
by UnknownUnicorn9076755
2
GBP/NZD Should See a RetraceAfter yesterdays Bank of England announcements all GBP pairs have spiked upwards. I would expect a retrace on this soon before generally continuing upwards. I am bullish on GBP in the long term but there should be some short term shorting opportunities coming. This is also at a big monthly and daily resistance level which should make a drop more likely, and at the moment risk off currencies are very strong (NZD, AUD, CAD). Im looking for a TP at 0.5 Fibonacci, although you can also target 0.618 which would complete the neckline of structure (as highlighted in green) TP - 1.90205 SL - 1.92050
Short
by olly48
2