As we can see, GBP/NZD is failling to establish it's support zone. As soon as the support line is broken, we can expect the bearish trend to continue until it's next support. Remember, preserving your money always comes first in trading. Your second goal is to grow your portfolio. Trade safely.
GBPNZD has Formed Strong Bullish Pattern on Weekly Chart Which confirms that bulls are in control now. 1.91421 is crucial resistance on upside. I am bullish on this currency only above 1.91600 for the targets of 1.94000 and 1.95800 with stoploss of 1.89000
Take a look at the daily chart and you can see the head and shoulders pattern developing. At the moment the right shoulder is just being formed, but the swing high is complete at the right shoulder suggesting more downside. You can see that the recent high coincides with the high established where the left shoulder is. This is an aggressive entry. Most will...
GBPNZD price action contained within a multi-days bullish channel with new tops and lows, However the trend is strong but medium term momentum is slowing which is indicating a pullback. I am looking to short this market around 1.9675 area with a wider stop at 1.9855, expecting for a target around 1.9259 area.
Hi traders, We had a very long range on the GBPNZD daily chart and we recently broke it. The arrow that is pointing on the last candle is the re-test candle, testing the previously broken area successfully. I will open my trade on Monday and see where price will bring me :) On my first target, I will take out 50% of my profits EXCEPT price is showing strength....
On several British Pound Forex pair, an ascending trend line on the daily time frame is on play. With them approaching the bottom of the bottom, are they to bounce or are they to break? In GBPNZD, we can see the it is consolidating at the bottom of the ascending trend line (possibly poised for a retest of the broken weekly descending trend line) which made it...
buying based on my own analysis. this is a risk trade but with a small SL.
For all we've known, formation of inside bars may mean two (2) scenarios: a reversal of the trend or a continuation of it. Since I'm already long Pound-Dollar, I will be looking to enter a long. Be cautious of the incoming Great Britain election.
Now that the down move has reached the up trend line it appears as if it is time to look for a run back to the upside. The trend line on the daily chart shows support at the moment and if it holds will provide a good reward to risk ratio.
Hey Guys, Top broken so look for a sell set up! - Hola chicos, Resistencia retesteada así que buscad banderas de venta. Carlos
Finally, GBP/NZD pair breaks the resistance zone strongly. In H4 Chart, there is a corrective pullback sit well on the previsous resistance zone. It will be a great trade to long when there is a strong bullish bar appears as a signal to entry :) It will be a less risk with huge potential return trade :)
We have two scenarios But first the market must go to 1.75758 If 1.75267 was broken the market will go to 1.72648 If 1.75267 stayed strong the market will move to 1.78419 and it will move back to 1.72648 This is a new way in Elliott waves counting by time cycles more logical more Easier and more faster You will see my results :D
3 white soldiers (3 strong bullish trend bars) show the strength of bullishness. Watch if the price can break through the resistance zone near 1.77xx. It will be good to entry when the price pull back to the resistance zone again! Enjoy your day :)
we have a broken triangle on daily. Buying till the next resistance. trade active.