GBPNZD has formed a double top pattern in the presence of divergence signal, which indicates trend reversal.
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
Hello,Friends! GBP/NZD pair is trading in a local uptrend which know by looking at the previous 1W candle which is green. On the 1D timeframe the pair is going down. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 2.110 area....
GBPNZD is showing bullish divergence and it break its Last LH which shows potential HH buy on CMP
GBPNZD is moving in a descending channel near the upper boundary. The volatility of the price movement decreased when approaching the channel boundary. We expect a pullback to the 50% retracement level. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
welcome here is my gbpnzd short idea its based on overall bearish market
✅GBP_NZD will soon retest a key resistance level of 2.104 So I think that the pair will make a pullback And go down to retest the demand level below at 2.097 SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
On this trade idea we have had sellside liquidity purge on the daily time frame i like to use a very strong liquidity point and the daily tf does it for me, after that i just seek agressiveness and basically the 2022 mentorship as entry and find my trade
Price is rising towards the resistance level which is an overlap resistance that aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 2.10271 Why we like it: There is an overlap resistance level which aligns with the 50% Fibonacci retracement. Stop loss: 2.11720 Why we like it: There is a pullback resistance...
GBPNZD formed a double top pattern after reaching a significant horizontal resistance level on the 4-hour chart. The price broke below the neckline of the pattern and a rising trend line, indicating strong bearish momentum. A downward movement towards the 2.0833 level is likely.
PRice pulsed up and retraced with consecutive candles, didnt broke below Fib(0.318) Price broke once the Fib(0) but made a high to our TP, retraced back and now its broken properly and I'm looking for an entry at Fib(0) retest
My dear subscribers, My technical analysis for GBPNZD is below: The price is coiling around a solid key level - 2.0843 Bias - Bullish Technical Indicators: Pivot Points High anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 2.0938 My Stop Loss - 2.0792 About Used Indicators: By the very...
Divergence Followed by Convergence Presents a typical case of; Pullback followed by a move to the Downside Entry Zone SL TPs as in the chart.
I wanna buy GN this time. After few short intraday, chart is giving me some buy signal. I buy a little , lets see what happens.
Going with the trend for 3 days Long .. after getting rejection from Strong weekly AOI and entering as directed by Arrow line
Engulfing candle rejecting 2.09 level. Target next resistance level at 2.11
There's strong downward momentum observed on the HTF, with price forming a double top followed by a downward move. Currently, there's a consolidation phase just through the previous swing low. I'm awaiting further confirmation before considering my next move. Given the potential inflection point at hand, it's crucial to wait for clear confirmation signals. I'm...