Standard sell off strong H4/DAILY resistance, down to previous H4 bullish structure. Daily is still bearish so the resistance level we're selling off will have to be broken to confirm a bullish bias on the daily
Hello Traders!
This is my idea related to GBPNZD H1. I see that OB and FVG were already taken and I expect a retracement until the resistance level.
Consider this idea a good opportunity to execute a short trade. In case of confirmation of bearish sentiment, I will execute this trade.
Traders, if you liked my idea or if you have a different vision related to...
Is GBPNZD exhausting at resistance zone?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence( on lower time frame) suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 2.0300.
What you guys think of it?
The double top is confirmed, now the pair is testing the broken neck. There is too much resistance above, It´s most likely to drop down to the next support level 1.997.
The strict beauty of the chart is a reflection of the fierce eternal battle between the bulls and bears and right now I can clearly see that the bears are taking over so we will bend to the will of the crowd and sell too.
❤️ Please, support our work with like & comment! ❤️
GBPNZD has touched the resistant level. I'm not sure if there's an opportunity to open a position in the next two days. If there's a signal on the H1 chart, I'll consider shorting for a potentially significant distance. Let's wait together.
Hello everyone ...
Use good RISK management only thing important in Trading is how you manage your trade...
WHAT YOU THINK ABOUT THIS PAIR LET ME KNOW IN COMMENT..
.. good luck..
On Daily, it clearly have hit the trend line multiple times as well as hitting 2.04700 psychological Resistance.
On hourly, as of this minute, it seems that it's creating Head & Shoulders or at least, it will be just a confirmation of double top that two last candles did on Daily.
On Daily, Stochastic is over bought too.
My dear subscribers,
GBPNZD looks like it will make a good move, and here are the details:
The market is trading on 2.0404 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 2.0434
About Used Indicators:
The average true range ATR plays an important role in 'Supertrend'...
Yearly: The market is entrenched in a multi-year downtrend. Despite yearly structure breakouts, rejections from the CIP level have been consistent, indicating strong resistance. The failure to breach upper yearly resistance suggests substantial selling pressure. A post-breakout bearish buildup implies a high likelihood of further downside in the coming...
Hello,Friends!
It makes sense for us to go short on GBP/NZD right now from the resistance line above with the target of 2.033 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band.
✅LIKE AND COMMENT MY IDEAS✅
GBPNZD is getting exhausted after bullish rally, bearish divergence is present, seems like a reversal point, sell below its current low for confirmation.
GBPNZD moved over 75pips of my last analysis prediction now price just bounced from the previous support and heading to create a new high above 2.06500
JOIN AND ENJOY
Tell us what you think..................
