Price is currently falling for a retest and a reversal cloud lead to upward movement towards our target.
🏃♂️ GBPNZD is moving in a Descending Channel and broke the Uptrend line and 🟢 Support zone(2.077 NZD-2.073 NZD) 🟢. 🔔 After completing the pullback , I expect GBPNZD to decline to at least the 🟢 Support zone(2.060 NZD-2.056 NZD) 🟢 and the lower line of the descending channel. British Pound/New Zealand Dollar ( GBPNZD ), 1-hour time frame ⏰. Do not...
As an assumption, I am considering a running flat pattern. As a likely confirmation that it has been already completed, are: 1. Head and shoulders patter, retested neckline 2. Break of the channel for the wave C.
As you can see, the price swept the liquidity that formed as a previous day's high and was rejected. We can see the CHOCH formed in 15 minute chart and create the supply zone and FVG. In addition, the price created the liquidity pool below the supply zone. So we can expect the rejection from the supply zone. Please pay attention, we need the LTF confirmation...
entry point: 1-2.07235 2-2.07550 tp: 1-2.06000 2.05997 3.2.05284 best wish for all of you dont forget money managment good luck
#GBPNZD H4 Next Possible Move wait for confirmation then we will enter for sell
Price appears to be overbought, we could expect price to drop in the coming week.
Instruments shows head and should pattern with 4H Divergence. Price action shows bearish momentum with a first LH and LL. Placed a sell stop, which is better choice if the price breaks the previous LL and placed a Stop loss at previous LH. TP is set at 1:1 reward at FIB 60%. Will it work, what do you think?
GBPNZD looks bearish due to we can see bearish divergence last higher low break that's why it most likely go in bearish trend
Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
Very straight forward, consider blue line as a resistance SL is 4H candle close above this line TP is at 2.06
GBPNZD was trading in descending parallel channel. The price was reacting well the support and resistance of channel. Currently the price has given the breakout of triangle and now retesting the broken level where it is also forming a local support zone and seems like the price may go for another leg higher. If the breakout sustain to upside the optimum target...
GBPNZD printed Head n Shoulder pattern along with bearish Divergence on RSI. Moreover, it broke the most recent HL which further gives confirmation of downtrend movement.
GBPNZD completed the AB=CD pattern, which is essentially a complex pullback against the major trend. The market rebounded from support and a 141.1% fibo extension level. We expect a retest of the resistance level since the major trend is bullish. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
H1 - Strong bearish momentum. Currently it looks like a pullback is happening. No opposite signs. Expecting the price to move lower further in the short term after pullbacks until the strong resistance zone holds.
The price is testing a confluence of support in the 2.069 region. This horizontal support has been tested three times. Additionally, there is trendline support. Buyers are likely to remain in control above 2.05075. The target for this rally should be 2.092-2.094