A bearish Crab Harmonic pattern can be seen coupled with a bearish divergence.
gbpnzd make higher high and higher low and i expect that bullish trend continuous i also saw divergence n bottom of trend that why i am takin long entry
price has reached the 4FVG its respecting the trend we expect price to reverse from this point
📣💹Trading Plan 1-2-3: Chart Symbol: GBPNZD Direction: Long. Idea: Long Entry. Execution: Wait a Pullback near "Key Level" marked 2.0473 in 15 mins chart. Stop Loss : 2.0443 Target : Next Key Level ahead: 2.0510 / 2.0531
1. Market is on a bearish trend 2. We have FVG resting above 3. We have an order block that had a liquidity grab , that same order block was the cause of the CHOCH (change of character) 4. On the 15 min timeframe theres an Order block with imb and a CHOCH, entry on that OB As we can see we can be probabily on a new liquidity build , and the probability...
Price now for direct sale Stop loss to close the highest level 2.04616
GBPNZD broke and closed below the consolidation zone, then pulled back to resistance following the double bottom. The market overall is consolidating, so we anticipate price action between borders. We expect further consolidation until the new trend is confirmed. ------------------- Share your opinion in the comments and support the idea with a like. Thanks...
Pair: GBPNZD Analysis: Chart Patterns + Highs & Lows + Impulses & Corrections Directional Bias: Short Entry: Continuation Corrective Structure after the breakout. ⚠️ Do your research and apply proper risk management as nothing is guaranteed in forex trading. As we have often said, this is a high risk venture and past performance is not indicative of future...
GBPNZD has a strong Bullish Divergence on the daily time frame. On an hourly Time Frame, there is also a Bullish Divergence. If it breaks its previous Higher High on the hourly timeframe we will take our buy entry and ride the whole trend. But if it breaks its mentioned resistance, it becomes more bullish, and a strong bullish trend will continue. HAPPY TRADING :)
A long trade opportunity recently presented itself on the pound-kiwi trading chart 📈. This is indicated by the bullish engulfing candlestick 🕯️ pattern just above the 2.02724 horizontal support level. This indicates a rejection of the same level, with potential price move in the upward 👆 ⬆️ direction. Sufficient upward momentum should see price rallying towards...
The pair has started making a bullish divergence in the bearish trend. Plus, the market sentiments are towards the long trade. We will buy it on the reversal maturity of the new bull rally. Let's hope the trade goes as planned on the chart.
Best way to newbie trader. Very easy to understand and estimate TP1 and TP2.
This can be a possible regular flat, I will wait for proper setup to go short on this one
⚠️ A countertrend CTT) trade is a trade that is made against the prevailing trend. This means that the trader is betting that the trend will reverse and that the price will move in the opposite direction of the BIG PICTURE Curve Analysis. Countertrend trading can be a very profitable strategy, but it is also more risky than trend following. -SL @ 2.1800 🚫 SLO2 @...
GBP/NZD is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 2.05730 which is a pullback resistance level. Stop loss is at 2.07500 which is a level that sits above the 38.2% Fibonacci retracement level. Take profit is at 2.02737 which is a swing-low support. High Risk Investment Warning Trading...
The pound is still facing some weak fundamentals because of the decision of the BOE to pause hikes while inflation remains high... Markets are dumping the pound. My targets are 2.0300 and 2.0200