as you can see guys gbpnzd is stuck on a price channel zone and we expect him to keep going up everything is clear and showing in the chart let's see what happens
Hello traders! ‼️ This is my perspective on GBPNZD. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking longs, but for now I expect a retracement to till the imbalances lower. As well we have a normal divergence which indicates bearish price action. Fundamental analysis: Wednesday on 5th of April will...
GBPNZD was the cleanest this morn looking for 25 pips should come in
GBPNZD - 18h expiry - We look to Buy at 1.9550 (stop at 1.9450) Previous support located at 1.9600. Previous resistance located at 1.9650. Broken out of the channel formation to the upside. The correction lower is assessed as being complete. Risk/Reward would be poor to call a buy from current levels. A move through 1.9650 will confirm the bullish momentum....
Just make sure to follow the trend. With a weekly that is bullish, and a visible daily trend-line, the best thing to do is wait for price to come to that trend-line. A good trade if we see rejection occurring on a lower time-frame.
Economic data: The UK has been releasing positive economic data lately, including an unchanged/lower unemployment rate, an increase in retail sales, and better-than-expected GDP growth. This has helped boost confidence in the UK economy and its currency. Brexit: The uncertainty surrounding Brexit has largely dissipated, as the UK and EU have agreed on a trade...
Hello traders! ‼️ This is my perspective of GBPNZD. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective as price forms higher highs and higher lows, so I am looking for longs. I expect bullish price action from this zone as price rejected from bullish order block + institutional big figure 1.94000. Fundamental analysis:...
On Wednesday (March 15), GBP/USD continued to fall by 0.85% to close at USD1.2056.The UBS incident has caused the market to worry about the state of the European banking system, because the impact of the collapse of Silicon Valley Bank, which is a major customer of technology companies in the United States, is accelerating.Credit Suisse's share price plunged by...
I am currently long on GN this morning, LDN session is open and the bullish engulfing is my confluence.. drop a comment if you are day trading GN.
Hello traders! ‼️ This is my perspective of GBPNZD . Here we are bullish from H4 timeframe perspective, so I am looking for longs. If price makes a retracement and fills the imbalance lower I will look to open a long position from bullish order block + institutional big figure 1.94000. ‼️Attention!!! Due to the fact that we have news events on GBP & NZD on...
GBP/USD GBP/USD continued its technical correction rebound in the short period and climbed above 1.190.However, from the daily line, although GBP/USD has rebounded significantly, it is not enough to change the daily short trend, indicating that the overall trend of GBP/USD at a large level is still weak.In the 4-hour chart, the short-term sustained rebound...
Currently, the market is still fluctuating within the support range, and overall it remains somewhat weak. However, there has been a significant decline recently, and regardless of the variety, it is almost certain that there will be a rebound after a major drop, with the difference being the size of the rebound. Therefore, the current trading strategy is to...
If GBPNZD goes up from here it will likely trigger my bearish bat pattern limit order (see previous idea). However, if it falls from here it will trigger my bullish bat pattern limit order. My back testing shows that these patterns are highly profitable on this pair. I enter with a limit order at the 88.6 retracement and take TP1 at the 38.2 retracement and TP2...
GBPNZD Long long Idea The pair has tested the trend line both on Hourly and daily tfs and bouncing exactly from the trend line as well as RSI and other indicators are reflecting an expected bounce. EP: Current Price SL:1.91400 TP1: 1.94434 RRR: 2.32
we have impulse wave then correction with hold price above a horizontal support then broke a simple trendline
Bat patterns on GBPNZD are very profitable on the 4H timeframe. - Entry: 1.96189 - Stop Loss: 1.97407 - TP1: 1.94499 - TP2: 1.93456 I have set a limit order at my entry price. If price moves against me I will trail my take profit levels in accordance with the 38.2 and 61.8 retracement levels from the low of the pattern to the current price level. If the...
I expect the price to move to 1.33 after the bottom formation is completed around here.