Inshallah, This pair is going bearish 1-Rasing Wedge Chart Pattern 2-Divergence Note: I mostly use trailing stop loss so its my request, kindly set breakeven when price hit 30+ pips
We experienced over 300pips run in our direction since my last publication on this pair (see link below for reference purposes). Now, it is obvious that a trading range has been hemming broadly within the N$1.93500/1.97000 since the emphatic breakdown of the Demand level late in the month of August 2021. At this juncture in the market, I shall be looking forward...
GBPNZD Recently market had broken out of bullish channel and went sell but not able to cross the strong support zone. So from now i am looking for long move with SL below the support.
The price dipped over 200pips in our direction since the last speculation before the rally began (see link below for reference purposes) and following an emphatic downward spiral that lasted 3 weeks, it appears we are at a juncture in the market that suggests that price is on the verge to reverse. Tendency: Uptrend (Bullish) Structure: Breakout |...
We are yet to take advantage of the Bearish tendency since my last publication on this pair as we await price action to do a complete rejection of the Bullish trendline identified on the publication (see link below for reference purposes). Like the setup identified on our GBPAUD, we have a similar pattern here too as price action transitions into a Descending...
There is Divergence on the RSI for GBPNZD. With Gross Domestic Product (YoY) and Gross Domestic Product (QoQ) report releasing in the next several hours. Get ready for the sell!
It's approximately 700pips move in our direction since my last publication on this pair ( see link below for reference purposes) and the price has continued to reject the NZ$1.98000 zone. This is a sign that Buyers are yet to garner the momentum to push the price above this level in the last 9 months (since September 2020) hereby giving an advantage to Sellers...
Hi Guys, let’s make a full top-down analysis of this pair, we will take the trade if all the condition of the strategies are satisfied. Press like button to support this video and let me know in the comment section if you have any questions
Following Downing street’s lockdown exit plan; the Pounds appears to have found a platform to rise against the Kiwi as confidence in the UK economy resumes! With over 300pips in our favour since my last publication on this channel (see link below for reference purposes), we might be on the verge of a very LONG rally in the coming week(s) as the price seems to...
Despite the UK’s coronavirus pandemic situation... I still hold on to an overall Bullish perspective due to the reversal structure (the culmination of 127.2 ext Bearish run) cited on my Daily chart; I am of the opinion that price is at a juncture where the opportunity for a quick counter-trend trade is possible before the rally begins! Tendency: Short term...
As i see this pair is @ strong support zone and now trading in range so we are expecting it move bullish from this support zone so we opening buying orders from the given zone and looking foreword for our TP's if you like our idea push like button it will help many traders & follow us for more updates on other pairs stay tune
gbpnzd in great selling zone as we see it have a fake breakout on 30 min TF 2nd confirmation it had double top formation 3rd NZD $ still bullish against US so we are trading this pair with a small risk and higher rewards
The Pound bounced with a vengeance after seeing a Double Bottom structure on the weekly chart to continue her rally! A Breakout of N$1.93500 last week followed by a retest of N$1.94000 later in the week summons a rally continuation in the following week. Tendency: Uptrend ( Bullish ) Structure: Breakout | Reversal Structure ...
Pattern: Rising Wedge into a Channel Up. Signal: Bearish as the Rising Wedge is approaching exhaustion point and based on the identical pattern of 2017/2018, it should evolve into a Channel Up. Target: 2.0000 (potential contact with the 1D MA200 or close whenever contact is made).
Pattern: Channel Up since 2016. Signal: Bearish near the -0.236 Fibonacci as per the first cycle of pattern. Target: 1.9200 (0.618 Fibonacci from the first top).