Expecting upside movement from this area with possible targets marked.
GBPNZD has been ranging and currently stands along a strong support area with a Bullish Divergence on 1HR and 4HR TF. Buystops can be placed with the BOE interest rating news incoming. Sentiments currently are 87% long.
The market bounced off the resistance zone, making an impulse move. FX:GBPNZD reached a strong weekly resistance and formed a bearish candle, which suggests that the market is most likely to pullback toward the support level. The market failed to make a new high after three attempts to break the resistance zone, which indicates the bulls are running out of...
Opportunity for long on the theory markets range 70% of the time
My dear friends, Please, find my technical outlook for GBPNZD below: The price is coiling around a solid key level - 2.0890 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 2.1001 About Used Indicators: The pivot point itself is...
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The bullish butterfly pattern is another type of harmonic pattern in technical analysis. It's formed by four distinct price swings, with specific Fibonacci relationships between them. The pattern resembles the shape of a butterfly, hence its name. Here's how the bullish butterfly pattern typically forms: 1. **Initial Move (X to A)**: The pattern starts with a...
Looking for more buys on GBPNZD 3 touch confirmed and a bullish structure formation
GBP NZD Price is in bullish trend as per daily, RSI divergence appeared, right now price respected the support, if broken this support and trendline there is high probably chance price will move bearish to the next support level.
Pure price action based on support and resistance and trendlines
✅GBP_NZD fell again to retest the rising support But it is a strong line So I think that there is a high chance We will see a bullish rebound and a move up LONG🚀 ✅Like and subscribe to never miss a new idea!✅
After the 3rd bounce and retest of the wave 'B', the GBPNZD is ready for the wave 'C'. wave '1' of wave is forming at this point. Goodluck.
📢 Signal: BUY GBPNZD 📈 Entry Point: 2.07375 🔍 TP1: 2.07675 🎯 (30 pip TP) TP2: 2.07900 🎯 (55 pip TP) TP3: 2.08125 🎯 (80 pip TP) SL: 2.07075 ⛔️ (30 pip SL) Ensure proper risk management when following signals! 💡 @Mr_Bombastic_Signal
Upon W sz being in control and the 10H supply created upon TL break and break of character, There is a 15M supply zone left behind. Thought of taking this short already in and working.
Elite Strategy Rules Based Price came into daily structural liquidity Transitional switch was confirmed on the 1 minute time frame. Transitional switch was confirmed on the 3 minute time frame. Transitional switch was confirmed on the 5 minute time frame. Targeting lower liquidity pools Executed on the 5 minute time frame
Hello,Traders! GBP-NZD broke the rising Support line and is now Making a retest of the line Which is now a resistance And from where we will Be expecting a local Move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current GBPNZD chart which, if analyzed properly, clearly points in the downward direction. ❤️ Please, support our work with like & comment! ❤️
Let’s see how it’s going to play out and then we will decide