#GBPNZD Cypher Short Idea @TradeYodha (TradeYodha.com) 1. Cypher Pattern and Bat patterns complete in the zone 2. 200 sma in the region I would love to hear your opinion, feel free to agree or disagree in your comments. Please give it a (thumsup) if it makes any sense.
Technicals : on chart Fundamentals: Weaker inflation report today but I do not see BOE focused on inflation. Least for this pair it looks ready head much higher. China data should spark the rally. It is expected to come in weaker.
We can see here, that the price is jumping off the bottom of both the linear regression, the BBand and strong support at about 1.93453. This to me is a clear retrace and reverse signal. From my analysis of fundamental analysis, the GBP is way over sold, and the political instability will not continue for too much longer. The one head wind this pair faces in the...
This trade based on price action. It is also based on my previous trade idea I am still of the opinion that GBPNZD is at major support area now (two upward trend lines). One another trend line (red) is supports my point of view. From this area that pair can go higher.
Current Sentiment: Range Pending Technical Score (PTS) Direction with trend: 0 SnR Confluence: 0 Trendline Confluence: 0 127 Harmonic Confluence: +2 Total: 2/8 Wait for price action confirmation. I would love to hear your opinion, feel free to comment, agree or disagree....
Several factors favour longs for GBPNZD : -Series of higher lows -Identified demand zone -Hammer candlestick -Ascending channel -Above 200 Weekly average Keep stop below 1.955, so it might not suitable for short term traders
For five time I've shorted $GBPNZD when it reached the 2.08 zone. Whether it was harmonic pattern, structure or KOD setup, every time it worked.. still, this is is persistent in its attempts to breakout of this zone. The next major event for this pair is definitely the RBNZ rate decision coming tomorrow (depending on your time zone.. check it out at...
Consolidation over the last couple of weeks, after an impressive breakout from the previous trend, appears to have created a tidy flag formation within a neat channel. Price is now intercepting the meeting point of the 50EMA and the Support at the bottom of the Channel. This is the third time price appears to be reacting to this support and a reversal Candlestick...
GBPNZD has been working its way into a descending triangle for a while and should be coming to the end of it now. Descending triangles at the end of big extended rallies usually lead to a collapse in prices. We should a rally soon. Hopefully to the top of the triangle so we can get more pips as it breaks the overly tested area @ ~2.03400. The supply zone @...
Please refer to the description in the analysis for information on this setup. Feel free to comment below for any questions or suggestions regarding my analysis. Thanks MaiTrader
a) Long on Completed Bullish Bat(green color) b) catching CD leg of Potential Bearish bat ( orange color) c) Rejection of Price at Support 2.402 d) Pin bar on daily timframe on NZDUSD ( this pair moves in opposite direction of NU) If the Green bullish Bat fails we have a Alt Bat from where we could try a long. Targets Open
We just ran into some resistance at 1.548, which was a prior support area. Also, we have a bearish wedge with RSI divergence. Finally, we are at the .786 fib level of the last area and have a crab pattern that has completed as well. Keep in mind we have also not officially retouched that major broken trendline on the daily. I am going to stick to the trend here...
Shorting to catch the CD leg of potential bullish ABCD pattern and also based on the recently completed Cypher pattern. Supports are in dashed lines. This will be a step by step trades, lots of supports to cross.
@TradeYodha TradeYodha.com (Just my ideas, do you own analysis) Possible GBPNZD Bearish Bat Pattern Daily Short Opportunity 1. Previous structure 2. All SMAs are lagging 3. Price reaching 0.886 level 4. RSI is about to get over sold 5. Wait for confirmation
GBPNZD completed Kiss of Death (KoD) pattern on bearish trendline and hawkish RBNZ rhetoric. First Target TG1 can be set at 1.8000 handle and the second TG2 at 1.6000 with stop above 2.2000.
Based on Current PA it looks like its trying to complete Potential Bearish crab and its also supported by NZDUSD down move. I am watching closely to try and catch the CD leg of the CRAB formation.
A confluence of a crab pattern and an ABCD pattern. If you like our analysis, Subscribe to our mailing list for future updates or events: eepurl.com Follow us on Facebook: www.facebook.com
Bullish Alt BAT , 1.93xxx area has been strong support for quite a while. i would Long around 1.936x area with the SL around 1.93