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British Pound / New Zealand Dollar

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GBPNZD trade ideas

#GBPNZD 4HGBPNZD 4-Hour Analysis The GBPNZD pair is trading within a downtrend channel on the 4-hour chart and is nearing the channel's lower support line. This support zone has historically provided opportunities for bullish reversals within the channel. Waiting for the price to touch this level ensures a safer entry for a potential buy position. Technical Outlook: - Pattern: Downtrend Channel Support - Forecast: Bullish (Wait for Support Touch, Then Buy) - Entry Strategy: Enter a buy position near the channel’s support line after confirmation of a reversal signal. Traders should watch for confirmation through bullish candlestick patterns or indicators like RSI reflecting oversold conditions. Proper risk management is essential, with stop-loss orders placed below the support line to guard against a potential breakdown. Targets can be set at the midline or upper boundary of the channel for potential profit.
Long
by PIPSFIGHTER
GBPNZD Buy OpportunityKey Observations: Demand Zones: Yellow Zone (Demand H1): This area represents a short-term demand zone where price has previously reversed upwards. Green Zone (Demand H4): This is a stronger demand zone from the 4-hour timeframe, indicating a higher likelihood of a bullish response if the price revisits this area. Price Action: The price shows a series of lower highs and lower lows, indicating a prior bearish trend. A recent reversal from the yellow demand zone suggests some bullish momentum. Potential Targets: Two arrows pointing upwards indicate potential target areas around 2.16095, which may act as resistance. Market Structure: The downward red arrows mark previous bearish waves. The upward move from the demand zone may signify a corrective or new bullish phase. Analysis: Bullish Outlook: If the price sustains above the yellow demand zone, it could aim for the marked resistance level at 2.16095. A break above this level could signal further upside.
Long
by ashif030
GBPNZD Pushing itself in a buy directionHello Traders In This Chart GBPNZD 4 HOURLY Forex Forecast By FOREX PLANET today GBPNZD analysis 👆 🟢This Chart includes GBPNZD market update) 🟢What is The Next Opportunity on EURNZD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
1
GBPNZD: Turning bearish if the 1D MA50 breaks.GBPNZD is neutral on its 1D technical outlook (RSI = 48.440, MACD = 0.004, ADX = 26.806), trading right over its 1D MA50. If broken, it will be the validation of the new bearish wave of the 1 year Channel Down. The 1D RSI is forming the very same Arc pattern as the May bearish wave. Upon validation, we will get short and aim for the 1D MA200, over the 0.786 Fibonacci level (TP = 2.12500). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
Lingrid | GBPNZD in CONSOLIDATION zoneFX:GBPNZD is currently ranging after a downward move, establishing a zone with defined resistance and support levels. The market is creating higher lows and lower highs, indicating it is moving sideways. Currently, the price is trending upward toward the channel following a false breakout of the support level. I anticipate a potential fake breakout of the previous resistance and the channel boundary. If the price rejects this zone by forming a rejection candle, such as a long-tailed bar, we can consider shorting the market. My goal is the support zone around 2.15170 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Short
by Lingrid
3
GBPNZD 4hr LongGBPNZD ✅ 4hr Long ✅ 💰ENTRY: 2.16190 👎STOP LOSS: 2.15729 TP TARGETS ⏰TP1 ⏰TP2 ⏰TP3 ✅ 1. Weekly Time Frame: Price has been breaking bullish and trending above the 10, 50, 200 EMAs. ✅ 2. Daily Time Frame: Price has been breaking bullish and trending above the 10, 50, 200 EMAs. ✅ 3. 4hr Time Frame: Price has made a valid correction into the 10 EMA. ✅ 4. Price has made a Swing Low Engulfing candle above the 50ema. This is a great example of my systematic system.
Long
by angelvalentinx
GBP / NZD another potential entry opportunity for buy. Description : On a daily TF we can clearly see on the picture 1 , there has been H & S pattern formation , price has then came back to neckline and shooed off to the upside. i have personally missed the setup earlier , however chance is there for us to enter another time from a 2.15500 PSY level with a stop loss of around 35 pips to spare. Entries condition are simple and aligned with the trade and H&S patterns normally, as the price is forming a mini support zone , we could potentially look to enter from those area if the current price retest the area. retest on those area on LDN OR NY will be very idle for entries. the 200 ema in DTF supports the uptrend . Look to enter the trade from smaller TF on given 2.15500 level ( if the price comes to the area ) , but trade can be taken with individual preference and entry and risk management ideas.
Long
by rubinGrg