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.
the gbpusd has created a rally since the previous lows while creating a double bottom 'on higher TF' so now it is currently going sideway treen on thos lower timeframe in which its gonna break soon as it jump higher.
From a technical perspective, the 4-hour triple bottom pattern has already emerged and has overcome the short-term pressure at 1.202. Currently, it is fluctuating within the range of 1.213-1.192. The bullish strategy remains unchanged, with continued buying at lower levels. The initial target is around 1.206, followed by 1.213. When the price approaches...
W Formation formed and broke above. The big warning and problem is that there was low volatility and the market was moving in a continued sideways range. This is concerning because the buyers are not too strong which is why we now had a large bearish engulfing candle showing how the sellers are running the show. 7>21 but <200MA RSI <50 - Turned bearish Target...
The GBP/USD rebounded 80 points during Wednesday's Asian session but then fell back after the European market opened. The previous rise may have been due to improved risk appetite, as better-than-expected Chinese manufacturing data boosted market optimism. However, it remains to be seen whether this situation will continue and needs to be closely monitored. Data...
im looking to buy at 1.9607 zone, this is a simple break and retest, Be patient wait for the h4 candle to retest to our zone before looking to buy for better R.R we had a strong previous h4 bullish close above the zone, and if you look at the HTF, you'll notice we've wiped out the weekly highs looking left
Hello traders! ‼️ This is my perspective of GBPNZD . Here we are bullish from H4 timeframe perspective, so I am looking for longs. I see price to make the retracement and then to reject from bullish order block + institutional big figure 1.93000. Like, comment and subscribe to be in touch with my content!
Waiting for a pullback to retest 1.91995 to long GBPNZD back up to 4H highs at 1.95023. If you agree drop a like and if you have any questions leave a comment :)
MOMENTUM POSITION FOR 100 POINTS ON GN liquidity sweep occurred
👩🏽💻Technical: The price is currently on a higher time frame pullback, and the daily chart is forming a strong bullish engulfing candlestick, attempting to break MAs. The price has a strong psychological zone @1.95000. 🎯 For an ideal entry: To confirm the bullish bias and potentially target the 4-hour previous high, wait for the 4-hour candlestick to fully close...
W Formation has formed on the GBPNZD BUT it is a very weak signal. The price action is clearly sideways and this traps a lot of traders into buying the breakout. What tells me this is the LOW volatility which should signal a warning. Also we have mixed signals with MAs 7>21 but <200MA RSI >50 - bullish Target 2.000 I call this a LOW probability setup and one I...
Hello traders! ‼️ This is my perspective on GBPNZD. Here we can see that price took buy stop liquidity, formed a normal divergence and rejected from institutional big figure 1.93000, so I am looking only for shorts. ‼️Attention!!! Due to the fact that we have news events on GBP & NZD this week, the analysis can be invalidated. Like, comment and subscribe to...
GBPNZD finally broke the low volatility creep and dropped to the bottom of the downward regression channel. Looking for momentum confirmation to the upside before entering for a move back to 0.618 (~1.919), the top of the channel. Then we'll see if it can break out and move higher. Despite recent relief from Fed, I see generally bearish conditions (i.e. lower...