GBPNZD after breaking above the weekly resistance reached the previous high at 1.92 level. From there the market started a retracement move into a bull flag and recently touch the 0.5 fib level. According to Plancton's strategy, if the conditions will be satisfied, we can set a nice long order. –––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure ->...
Welcome to our weekly trade setup ( GBPNZD )! - 1 HOUR Very bearish price action and pressure. 4 HOUR Market forming a d-top, expecting more downside. DAILY Overall sideways moving structure.. - FOREX SWING SELL GBPNZD ENTRY LEVEL @ 1.90870 SL @ 1.91840 TP @ 1.89540 Max Risk: 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave...
Possible short opportunity on GBPNZD. We have seen rejection at resistance for the 4th time and so we can expect some bearish momentum. A break of the 200 day EMA and the trend line at the 1.8975 level would call for a short opportunity where we could see price return to support at the 1.8610 level. Confirmation of breakout: - Closed bearish 4Hcandles - Price...
Entry price : 1.91990-1.91980 SL : 1.92200 TP : 1.89850 Use 1% risk
Continuing to hold GBPNZD, price just made a surefire move by hitting a newly created downwards trendline also triggered by the timing of the lunch break in NY session. This very well could trigger continued sell movements that price recentlly started to break during asian session. hold +140 pips
GBPNZD has possibility to reverse the trend GBPNZD made a very nice upward trend on H1. Last week, however, it broke the support and we see that at the moment there is no strength to continue. This allows to reverse the trend and search for short positions. For this purpose, however, we must see confirmation of the reversal with a break of the previous...
GBPNZD 1H (1) Price has broke out the trend line + the 50 EMA with one engulfing red candle = very bearish; (2) Then, we can see a momentum breakout of the weekly effective support which now turns into resistance = very bearish as well; (3) Now price pulling back to the broken weekly level, thus forming a triangle pattern = great short setup; Trigger event:...
Price rejected channel and broke smaller trendline. See chart below to see what I'll be waiting for.
pros: - lower volume - no correction since quite long time - big resistance cons: - against the trend what do You think ? It's not recomendation, just my opinion
I've been reading about the Brexit deal. Pick one winner...UK or EU? Right now I would say UK...seems like since the deal closed the GBP has gained strength. I'm sure the UK is happy about leaving the EU partnership. They can operate on their own terms and trade tax free and without quota. "The agreement between the EU and UK on a new partnership sets out the...
Price has rejected the daily resistance and started moving towards the key support. We are currently retesting the 61.8 fib and mid-zone as resistance. RSI is also showing divergence. Waiting for a lower time-frame bearish candlestick pattern to see a continuation of the trend to the key support. Use proper risk if entering.
GBPNZD after the attempt to break the 1,86400 level retraced up until the 1,91 area before testing again the support, creating a double bottom formation. The price looks like inside a possible ascending channel. IF the market will break above, according to Plancton's strategy, we can set a nice long order. –––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple...
BUY : 1.8713 TARGET : 1.8733 TARGET : 1.8763 TARGET : 1.8813 StopLoss : 1.8563