The market rejected the resistance and pulled back from it. FX:GBPNZD has broken through the downward trendline and formed a fake breakout of the resistance at 2.04550. Buyers did not have enough strength to push the price higher. The market reached strong resistance in the 4H timeframe as well. I look forward to testing the zone and fall from it, breaking out...
Hey Team, Hope You Are Enjoying our Analysis/ ideas Today we are monitoring GBPNZD There is A trend line Running if It Breakout The we will Take Entry In Buy position / Sell Position Otherwise we will take Short term sell and Buy To See The Trend line If It Break 2.04018 then we have to sell Conformation, And IT Break UP Around 2.06063 then we will conformly Buy...
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As someone interested in the Elliott Wave principle, I find it to be a valuable tool for market analysis. I have developed my approach by combining this principle with my personal...
Please, check our technical outlook for GBPNZD.
Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 2.038.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 2.023...
Reason for Buy:
Liquidity grab
Break of structure
Imbalances in discount
Entry: 0.75 level of the Fibonnaci Retracement
Take Profit: Taking profit at the last swing high is ofcourse the most logical and safest option. But price could also go and fill the 4H Imbalance.
We´re going to put a sell order, market price, right now.
This trade has closed time. So if price has not reached the take profit before opening london wednesday, we need to close it manually.
We know the asset will finish the week upper than now, but we need to look for sales first.
In daily TF seems price could still go up. But the structure is promissing for price to find a possible LL.
I have a pretty big SL around 200 pips. Going for a big move with good risk reward ratio
#GBPNZD
UPDATE
Hey Traders, Hope you are enjoying your trading journey and our trading analysis. We are here to update you about our another analysis about #GBPNZD.
Traders, Anna is monitoring the Forex pair #GBPNZD.
Here all traders can see that yesterday Anna told you that if there is any breakout either on up or downside.
Here we can see that it break...
Hey Traders, In today's trading session, our attention is directed towards potential selling opportunities in GBPNZD around the 2.05800 zone. The currency pair is currently navigating a correction phase within its downtrend, steadily approaching the crucial 2.05800 support and resistance area. As we analyze this market, it is crucial to consider the broader market...
Hello TradingView Family / Fellow Traders,
📈 GBPNZD has been overall bearish , trading inside the falling channel in red and it is currently approaching the upper red trendline.
Moreover, the zone 2.055 is a robust supply zone.
🎯 Therefore, the highlighted red circle represents a significant area to consider for potential sell setups , as it marks the...
#GBPNZD
UPDATE
Hey Traders, Hope you are enjoying your trading journey and our trading analysis. We are here to update you about our another analysis about #GBPNZD.
Traders, Anna is monitoring the Forex pair #GBPNZD.
Traders her we all can see that GBPNZD is moving in side way conditions. Although it grabs the liquidity towards upside, so here are more...
CHF/JPY Short
• If price impulses down below the base of our most recent ending structure, then I'll be waiting for a subsequent tight flag to form and then I'll filter it latter on the fifteen minute chart and be looking to get short with either a risk entry within it if the flag is structured, or a reduced risk entry on the break of it if it's unstructured or I...
Waiting for a retest of 2.03506 to short GBPNZD back to Daily swing lows at 1.97716
If you agree drop a like and if you have any questions leave a comment :)
