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GBPNZD brokeout bounced off the descending channel support and falling wedge resistance. Buy re-entry ⬆️ - fibonacci retracement levels Buy confirmation - breakout above pullback trendline resistance. Target - downtrend resistance
GBPNZD bounced off the descending channel support, breaking out above falling wedge resistance as expected. Price is approaching channel resistance. Possible price actions indicated.
Let e know what you all think, trade with care!
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.9395). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPNZD is in a range bound and the beginning of downtrend is expected. . The price is below the 21-Day WEMA which acts as a...
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.9395). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPNZD is in a range bound and the beginning of downtrend is expected. . The price is below the 21-Day WEMA which acts as a...
GBPNZD after breaking the ascending trendline found support at 1.93400. The price went for a retest of the resistance zone and the trendline and now looks for the next bearish impulse. IF the price will break and close below the support area we will set a nice short order according to Plancton's strategy –––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure...
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China banned import of multiple goods from Australia, fundamentally makes sense for AUD and NZD to take a hit in value. On M15 we have a double bottom and I entered on an M15 bullish close of the candle. This double bottom lines up with a trendline I had drawn for a couple of days.
ABC Fractals all around with not indication of a turnaround just yet. Current ?X Waving and bound to drop more. Fib Goals show two targets at this stage. NFA
GBPNZD on the daily chart hit and got rejected by a monthly resistance around 1.96 level. The price which moves in ascending channel reaches now the 1.94600 level and testing a minor support. IF the price will break and close below the structure and consequently break the channel we will set a nice short order according to Plancton's strategy. –––– Follow the...
FORECAST FOR GBPNZD GREAT LEVELS TO LOOK FOR REVERSALS.
Hi Trader's ♥ In This Chart We Explain Direction For GBP/NZD And Opportunity Follow Chart And For Any Questions Text Comment ♥ Time Frame : 30 Minutes Vision : Long ( Buy) After Break Out Trend Line Reasons : -- Trend Line Break Out -- POC Line Break Out -- Key Level Target : 100 - 150 Pips Stop Lose : 50 Pips After Break Out ♥
GBP_NZD HAD A BREAKOUT. Wait for it to be confirmed on the daily and ONLY then start looking at the longs. Head and Shoulders pattern played out well. Like and Subscribe to support me!
If my trend line holds as a resistance then i'd looking forward to short.