Current Sentiment: Range Pending Technical Score (PTS) Direction with trend: 0 SnR Confluence: 0 Trendline Confluence: 0 127 Harmonic Confluence: +2 Total: 2/8 Wait for price action confirmation. I would love to hear your opinion, feel free to comment, agree or disagree....
Several factors favour longs for GBPNZD : -Series of higher lows -Identified demand zone -Hammer candlestick -Ascending channel -Above 200 Weekly average Keep stop below 1.955, so it might not suitable for short term traders
For five time I've shorted $GBPNZD when it reached the 2.08 zone. Whether it was harmonic pattern, structure or KOD setup, every time it worked.. still, this is is persistent in its attempts to breakout of this zone. The next major event for this pair is definitely the RBNZ rate decision coming tomorrow (depending on your time zone.. check it out at...
Consolidation over the last couple of weeks, after an impressive breakout from the previous trend, appears to have created a tidy flag formation within a neat channel. Price is now intercepting the meeting point of the 50EMA and the Support at the bottom of the Channel. This is the third time price appears to be reacting to this support and a reversal Candlestick...
GBPNZD has been working its way into a descending triangle for a while and should be coming to the end of it now. Descending triangles at the end of big extended rallies usually lead to a collapse in prices. We should a rally soon. Hopefully to the top of the triangle so we can get more pips as it breaks the overly tested area @ ~2.03400. The supply zone @...
Please refer to the description in the analysis for information on this setup. Feel free to comment below for any questions or suggestions regarding my analysis. Thanks MaiTrader
a) Long on Completed Bullish Bat(green color) b) catching CD leg of Potential Bearish bat ( orange color) c) Rejection of Price at Support 2.402 d) Pin bar on daily timframe on NZDUSD ( this pair moves in opposite direction of NU) If the Green bullish Bat fails we have a Alt Bat from where we could try a long. Targets Open
We just ran into some resistance at 1.548, which was a prior support area. Also, we have a bearish wedge with RSI divergence. Finally, we are at the .786 fib level of the last area and have a crab pattern that has completed as well. Keep in mind we have also not officially retouched that major broken trendline on the daily. I am going to stick to the trend here...
Shorting to catch the CD leg of potential bullish ABCD pattern and also based on the recently completed Cypher pattern. Supports are in dashed lines. This will be a step by step trades, lots of supports to cross.
@TradeYodha TradeYodha.com (Just my ideas, do you own analysis) Possible GBPNZD Bearish Bat Pattern Daily Short Opportunity 1. Previous structure 2. All SMAs are lagging 3. Price reaching 0.886 level 4. RSI is about to get over sold 5. Wait for confirmation
GBPNZD completed Kiss of Death (KoD) pattern on bearish trendline and hawkish RBNZ rhetoric. First Target TG1 can be set at 1.8000 handle and the second TG2 at 1.6000 with stop above 2.2000.
Based on Current PA it looks like its trying to complete Potential Bearish crab and its also supported by NZDUSD down move. I am watching closely to try and catch the CD leg of the CRAB formation.
A confluence of a crab pattern and an ABCD pattern. If you like our analysis, Subscribe to our mailing list for future updates or events: eepurl.com Follow us on Facebook: www.facebook.com
Bullish Alt BAT , 1.93xxx area has been strong support for quite a while. i would Long around 1.936x area with the SL around 1.93
I let the chart do all the explaining.
RBNZ Interest Rate Decision - there has been speculation that the bank will cut rate today. In anticipation of this most of the NZD pairs have shown NZD to be weak as other have gained. However, looking at all NZD pairs it seems that the gains have been of the corrective nature. Therefore, if the rates are maintained there could be spike in the prevailing...
I split this into two orders, since in my experience reversal candlesticks like this one often don't provide the pullback one would hope for. So I'm short at 2.030905 and at 2.05041; my stop for both orders is at 2.05995, with my take profit at 1.96389. The rationale for the trade is simple; we're seeing a downward channel on GBPNZD, and now we have a reversal...
Mostly base on support and resistance line. as point by small arrows. as well as "CUP Formation" as point by YELLOW BOX. The recommend entry for this setup as point by GREEN BOX is, LONG @ 2.0000 STOP @ 1.9600 TARGET @ 2.2000 ** The RED BOX indicated a intermediated support, where the long position should be exit when price move and its weekly...