GBPNZD trade ideas
GBPNZD: Long Trade Explained
GBPNZD
- Classic bullish formation
- Our team expects pullback
SUGGESTED TRADE:
Swing Trade
Long GBPNZD
Entry - 2.2484
Sl - 2.2425
Tp - 2.2599
Our Risk - 1%
Start protection of your profits from lower levels
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GBPNZD Is Bullish! Buy!
Here is our detailed technical review for GBPNZD.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 2.254.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 2.262 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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GBP_NZD BEARISH BREAKOUT|SHORT|
✅GBP_NZD is going down currently
As the pair broke the key structure level of 2.2400
Which is now a resistance, and after the pullback
And retest, I think the price will go further down
SHORT🔥
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GBPNZD Will Explode! BUY!
My dear friends,
My technical analysis for GBPNZD is below:
The market is trading on 2.2361 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 2.2454
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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WISH YOU ALL LUCK
Gbpnzd buy Gbpnzd looks set to go from here , I took this trade way too early and had to sell off and rebuy , but now the buy is a valid buy at this small pullback to support level at 2.24670 looking for a take profit around 2.25514 , this is where we could get another pullback, but could keep going, let's 👀
GBPNZD - Looking To Sell Pullbacks In The Short TermM15 - Strong bearish move.
No opposite signs.
Expecting bearish continuation until the two Fibonacci resistance zones hold.
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$GBPNZD breaking outOANDA:GBPNZD breaking out after healthy consolidation at 2.24 level!
Weekly chart shows clear support established at 2.20, with price now holding above key resistance.
Bullish momentum confirmed as price respects the consolidation zone after rejecting overhead resistance. Perfect setup for continuation toward 2.30 target! #forex #technicalanalysis #bullish"
GBPNZD SELL IDEAPrice is currently forming an Ascending channel on the Daily chart.
Current trend - Downtrend with price approaching a major support after recently forming a lower high. A break and close of the candle below the support level on the daily chart and retest on lower Tfs would be confirmation of a downtrend, formation of a lower low, and entry for a sell.
Meanwhile, if the support is respected, I'll be on the lookout for a double bottom and formation of a higher low for entries to the next resistance.