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 ...
For those who like to buy GBPNZ .... Keep in mind that we are still in a DownChannel, and if u draw Fibonacci on last down wave...U will notice that we are testing a strong levels...the 0.382-0.5 levels of Fibo...and in the same time we are testing also The upper wall of this DownChannel...So what i m gonna do as a trader...I will Choise a Good Etry point for...
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).
Same as GA, looking for a similar sell as a day trade. I'm already in this floating about 100 pips in profit however it is still possible for this to wick up so be prepared for an entry where the purple box is. Watch for rejection around this zone. 280 PIP GAIN 13/1 RR
Looking to test broken resistance for a pullback
Completed Head and shoulders, Unless we see a reversal on daily its a sell at this point - On the 1Hr we see a broken support retest as the market start to make LL's and LH's
The GBPNZD is above the 200 moving average line which is a bullish sign. The Ichimoku cloud continues to be bullish on the pound. The recent declines were due to the pound's encounter with resistance at 2.03, but you can see very quickly the ups were coming back to the picture. Target: 2.09
It has a good support from 1.93474 and price is retracing from trend line after it crossed the fibo level of 0.618. And bottom bollinger band is so close to the candles as well. Note: Trade at your own risk. Join with us for free signals Telegram - t.me Facebook - www.facebook.com Twitter - twitter.com Website - www.forexcaction.com
GBPNZD is formed a double top in Daily and weekly chart which is showing us a bearish movement. Middle bollinger band is working as a resistance and 50 Ema crossing the middle bollinger band is also confirming us GBPNZD is bearish. TP's and SL is up to you. Note: Trade at your own risk and this is not involved with any fundamentals. Like and comment on us....
Yes :) GBPNZD is in a position to Short term Sell & Long term Buy. it might be reach the 0.382 fibo level and then price will be retrace. In the meantime middle bollinger band giving a support to upwards too. Note: Trade at your own risk. Like and comment on us.
Pattern: 1M Triangle. Signal: Bearish once the Lower High is made. Target: 1.86000.
GBPNZD, GBP short trimmed 10 by last week. Commercial open long and close short positions. long% increase 5%. NZD short trimmed 5k by last week. suspect bullish reversal.