Potential long term swing short from this region,
The GBP has been spiking and we could even test the top of the daily trendline again and even fakeout due to volatility spikes with this pair,
We are still hoping the overall consensus for GBP is Short, I have not entered this trade yet but you could feel free to do so if we break and retest this zone as marked...
Quick update on GBP pairs.
It's rallied into some key resistance levels on my charts. This could potentially signify exhaustion and lead to speculative selling/profit-taking in the very short term.
Keep a watch on the formation of this daily candle, if it posts some kind of inverted hammer or outside day, then I may look to sell some GBP pairs next week in...
Hello traders,
I've been tracking this pair for a while now for my XABCD pattern which is now completed on the daily time frame and I going short on this one and looking for at least 900 pips on this. Good R:R almost 4:1 on this.
Trade safe and good luck.
38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE.
FIB Retracement Percentage is calculated in a Higher Cartesian and or Euclidean Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS
Resistance at 2.0 held strong (daily double top)
Daily TL broken and retested.
4hr timeframe maintaining a lower high and rejecting TL
Looking to short down to new lower lows and then long term support at 1.83500
Bearish trendline holding strong with 3 rejections now. I will look to go short on the 4th touch of the TL around the 1.96420 area where the fib 0.786 retracement level also sits.
Stop loss comfortable above the TL and targeting a new lower low at 1.93200
Potential for nearly 6:1 RR
hey traders,
I was paying close attention to GBPNZD these last two weeks.
The reason is that the pair has recently approached a 2019's high and was strongly rejected.
Sellers have been pushing the market to the support line of a rising channel
and we see the complete reluctance of buyers to open long trades on dip,
so the...
Nice potential setup. Waiting for some confirmation before entry.
As you know, GBP is extremely volatile right now, so major pips can be made in a matter of hours.
Technicals: Monthly rejection level at the supply handle @ 2.000. Double top formation. Lots of confluence on the technical side.
Fundamentals: BREXIT optimism may fade from Friday. NZD has been...
Bullishness of GBP has potentially come to an end. We can start to look for a reversal as London opens up. NZD now going into sleep mode as Asia closes
The British Pound vs. the New Zealand Dollar cross is one of the most volatile one among GBP pairs. The New Zealand Dollar is often viewed as a proxy for Chinese growth and thus have performed well against the Euro in recent years. But on the hand, the British Pound is one of the premier reserve currencies and represents the world's largest financial center.
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