Pair has formed bearish bat pattern completing at 1.94475. RSI above the 70 confirming sell signal. ATR stops above Bat's starting point X.
Plan your trade, Trade your plan and Good luck in the markets!!
Hello trades,
This is a very easy setup. As you can see GBPNZD is trading within a range since April the 2nd. I've marked the upper band and lower band with green lines. You can take short trades closer to upper band and long trade closer to lower band with a few pips stop loss just above/below the range.
Not a rocket science right??
Trade safe and enjoy.
GBP/NZD has broken manged to spike 300 pips off of a 3rd touch on the uptrend. It has spiked right into a down trend which we could look for shorts. It will more than likely pull back to the Downtrend that was once broken and retest on the back end of it. If it fails to do so we could target our uptrend. In which we could look for longs if price does show signs of...
Quite easy trade this. As you can see GBPNZD came down touched the 50EMA and bounced with a bullish engulfing candle which suggest that this pair is on course to make another bullish run.
I have gone long on this one and marked the tp and sl for you as well.
Let me know your thoughts.
Trade safe and good luck.
Looking to go short off of GBPNZD's Supply Zone. Looking for a break and retest on this 1HR/2HR CTL. Initial targets will be 1.9315 (Demand Zone). We can look to go long if confirmations are met off of the either the Demand Zone or The Uptrend.
GBP NZD Long has 2 hurdles to jump before 2.0, I/ is the current 4 hour trendline that has held well for a while now 2/ and the other is 19550
A close above the 19950 zone will clear the path for 2.0 and more .
The GBP has the monkey of its back for a while , so it will rise , only to come back down to these levels in September October .
Make the most of this GBP...
Price of GBPNZD has currently been travelling in an ascending channel. There is a minor support trendline marked out in a thinner black line inside the the channel. Price just recently broke below this line indicating a drop down to the bottom of the major channel like it previously has.
We sent this trade out to our FREE signal members on the entry of the chart!...
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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