Trade Idea: Buying GBPNZD
Reasoning: Trading in a range on the 60min chart
Entry Level: 1.9226
Take Profit Level: 1.9452
Stop Loss: 1.9180
Risk/Reward: 4.95:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical...
Trade Idea: Buying GBPNZD
Reasoning: Intraday pullback to support
Entry Level: 1.9936
Take Profit Level: 2.0266
Stop Loss: 1.9849
Risk/Reward: 4.26:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis ,...
GBPNZD - Intraday - We look to Sell at 1.9000 (stop at 1.9100)
Previous support located at 1.8850. Previous resistance located at 1.8900. Trend line resistance is located at 1.9000. There is no clear indication that the downward move is coming to an end. Risk/Reward would be poor to call a sell from current levels.
Our profit targets will be 1.8750 and 1.8700...
GBPNZD - Intraday - We look to Buy at 1.9250 (stop at 1.9140)
Previous support located at 1.9350. Previous resistance located at 1.9400. Further upside is expected although we prefer to set longs at our bespoke support levels at 1.9250, resulting in improved risk/reward. A move through 1.9400 will confirm the bullish momentum.
Our profit targets will be 1.9475...
GBPNZD - Intraday - We look to Buy at 1.9300 (stop at 1.9190)
Previous support located at 1.9350. Previous resistance located at 1.9400. A lower correction is expected. Risk/Reward would be poor to call a buy from current levels. A move through 1.9400 will confirm the bullish momentum.
Our profit targets will be 1.9525 and 1.9550
Resistance: 1.9400 /...
Trade Idea: More Sterling pain expected
Reasoning: Lower prices expected selling into the strength over the past 60mins
Entry Level: 1.9242
Take Profit Level: 1.90400
Stop Loss: 1.9272
Risk/Reward: 3:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of...
The long position has been taken, in the daily trend was bullish, in the 4H price broke a supply level and it was pulling back. As a result, I take a long and the TP was the last HH.
R/R = 1:1.48
On the daily we see a break and retest of the resistance. Looks like the bears are running out of steam and showing slight divergence on the RSI. This could be the beginning of the third wave. Long term can add up to 3000 pips on the elliot wave. It's already reached a record low and the higher highs and higher lows have kicked in. BUY!
PRICE TOUCHED THE 1.76114 LOW FOR A SECOND TIME. I AM ACTUALLY IN THIS TRADE.
EXPECTING FOR PRICE TO START GOING UP AGAIN. GOV WHEELER HAS SOME IMPORTANT SPEECH THIS NIGHT.
RSI IS COMPLETELY OVERSOLD.
RBNZ not adding much new in their September statement, and imo, Gov Wheelers speech highlighting the issues with trying to control a ccy with the cash rate makes the persistent worries regarding kiwi/ nzd strength less of a dovish factor than it may appear. Nonetheless, the statement on the margin was neutral, with perhaps the pressure for a lower kiwi and...
Long GBPNZD:
1. Based on the last 16yrs of daily close data (since 01/01/2000 to date) GBPNZD has a cumulative probability of a =>6th day lower at 0.99%, hence there is a implied 99% chance of reversal on the daily.
2. Also we see the Z-Score for, Monthly, 3m and 2wk all above 1.5SD - with 1m heavily over sold at -2SD.
3. Fundamentally Sterling looks a little...
Long GBPNZD:
1. Based on the last 16yrs of daily close data (since 01/01/2000 to date) GBPNZD has a cumulative probability of a =>6th day lower at 0.99%, hence there is a implied 99% chance of reversal on the daily.
2. Also we see the Z-Score for, Monthly, 3m and 2wk all above 1.5SD - with 1m heavily over sold at -2SD.
3. Fundamentally Sterling looks a little...
