My bias lies on the Supply price not being filled. And the market has been making higher highs & higher lows, which also tells me that the market is more likely to move up and fill the supply price. This is all short term, the overall direction of this pair is going down.
We have hit Fib area
Fast Up Wave
and then Wyckoff Up-thrust signal -WU at the top and down we go
Correct entry already at 70 pips but I think it will continue
Hello traders!
‼️ This is my perspective on GBPNZD.
Technical analysis: Here we are in a bullish market structure from 1H timeframe perspective, so I am looking for a long. I wait price to make a retracement to fill the imbalance lower and then to reject from support zone for a potential long.
Fundamental news: Upcoming week on Tuesday we will see results of...
📈🚀 GBPNZD Price Forecast Analysis 🌐💹
Greetings Traders! 🌟 Let's unravel the GBPNZD chart for a comprehensive forecast:
1️⃣ Descending Channel Breakout: 📈 GBPNZD has successfully broken out of the descending channel, indicating a potential reversal in the previous downtrend.
2️⃣ Ascending Channel & Trendline Support: 📊 Following the breakout, the currency...
Hello Traders,
This should be a quick trade... However, I'm not guaranteeing the win but my interest in this move is for price to run to the weekly equal highs.
Follow for more updates like this.
Cheers,
Jabari
✅GBP_NZD broke out of
The wedge pattern while
Trading in an uptrend
So we are bullish biased
Now and we will be expecting
A further move up
LONG🚀
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Looking at Monthly Expansions and Weekly expansions for swing trade entries within the monthly and weekly template. We have some exciting levels to prepare for!
Hello,Traders!
GBP-NZD is trading in
An uptrend and the pair
Is breaking out of
The opening wedge
Pattern so I am now
Bullish biased and
I think that we will see
A further move up
Buy!
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Check out other forecasts below too!
At some point in time this asset will have to drop to at least 50% of that liquidity gap that I created below. Let's see if this week with the help of interest rates we achieve this trade.
GBPNZD formed a double top formation after a test of a key horizontal daily resistance.
We saw a strong rejection from the upside yesterday.
It makes me think that the market may drop lower soon.
Next support - 2.0615
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