GBP NZD here we can see that price created a up trend line got break sweeping all the liquidity which are imbalance before now price have to sweep the liquidity at support zone, make a short trade as shown in the picture, follow for more live updates
GBP/NZD is trading close to a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 2.1033 which is a pullback support.
Stop loss is at 2.0983 which is a level that lies underneath a pullback support and the 61.8% Fibonacci retracement level.
Take profit is at 2.1106 which is a pullback resistance that aligns close to a...
Hello,Traders!
GBP-NZD is making a rebound
From the horizontal support
Of the 2.1023 and as we are
Bullish biased we will be
Expecting a further move up
Buy!
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GBPNZD is exhibiting a potential Anti-Butterfly Harmonic Pattern (XABCD) formation, indicating a forthcoming bearish trend momentum. This analysis is based on key resistance levels and Fibonacci retracement levels, suggesting a strategic entry opportunity.
Pattern Identification:
The Anti-Butterfly Harmonic Pattern (XABCD) is emerging on the GBPNZD chart, with...
This is my bullish trend idea. However, wait for clear trend continue moment and wait for trend continue after can entry. This is my opinion, not for any signal service. Good luck.
This is my bearish trend idea. However, wait for a fall back to a key level after trend continue to downtrend momentum, because overall structure breakout and continue to downtrend. You can see it high time frame momentum. Good luck
This is my bearish trend idea. However, wait for a fall back to a key level after trend continue to downtrend momentum, because overall structure breakout and continue to downtrend. You can see it high time frame momentum. Good luck
Elliott Wave practitioners may find the current GBPNZD chart to be a textbook example of a potential SHORT opportunity. As the pair completes a corrective wave (b), reaching a common retracement level, we anticipate the initiation of an impulsive wave (c) to the downside.
The climb of wave (b) to the 0.965 retracement suggests an impending reversal, with targets...
PRICE ACTION
BIAS D: BULLISH, H4 BULLISH
Price retrace back into H4 horizontal level and rejected from it.
In H1, price form a new high closing upside. Forming a strong moment candle.
In M15, price make a market structure shift towards upside. Set a long trade at broken resistance level.
Hello,Friends!
GBP/NZD pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 1D timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 2.078...
MARKET PHASE
GBPNZD is in a long term downtrend (daily) with a short term corrective structure that has been taking place (4 hour).
AREA OF VALUE
Price continued to break new highs within this corrective structure. Eventually, price reached an area where sellers stepped in, resulting in a buildup of liquidity (buy stops, longs, short stop losses) above the...
. Don't forget about stop-loss.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Type of order. pending buy order.
Last week it suppose to move up.
So now, and the rest of the week it need to move up.
Blessings.
Enjoy 1:3 risk:reward
GBP/NZD is rising towards the resistance level which is a pullback resistance that aligns with the 161.8% Fibonacci extension and could reverse from this level to our take profit
Entry: 2.11475
Why we like it:
There is a pullback resistance level which aligns with the 161.8% Fibonacci extension.
Stop loss: 2.12520
Why we like it:
There is a resistance level at...
