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GBP/NZD short opportunity

Armands Postado 12 Dez  em #GBP #NZD #Trade Setup #GBP/NZD
Recently I made a post predicting for a pair to go higher after bouncing at 2.00 level. however it didn't play out as I thought it would. Price went up and then came back down again. Affected by NZD interest rate decision. This price action over last 2 weeks looks pretty much corrective. Price could still go up, but I am concentrating on a better setup.
We also have an impulsive move, break of a trendline and pullback.
Price bounced back from this new resistance level marked with rectangle how…
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GBP/NZD possible trade setup

Armands Postado 7 Dez  em #GBP #NZD #Trade Setup #GBP/NZD
Although it may look like a correction, I still believe that there is more potential for an upside move than there is for a downside move. Reason being the very bearish outlook of a NZD/USD. USD is currently outperforming all the major currencies including GBP. In times when both GBP and NZD are in a downtrend, GBP/NZD tends to experience an uptrend unless there is a sudden strong depreciation of a GBP or appreciation of a NZD.
I am lookin for 3 possibilities to go long.
1. At 2.00 level
2. Off…
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Buy NZD

Armands Postado 16 Jul  em #NZD #Trade Setup
Currently there is a great setup forming to buy NZD/USD, NZD/CAD, or sell GBP/NZD. The same thing happening on all three pairs.
Here is the daily chart. We can see that this level where the green arrow is pointing is a very popular for placing stops when going long. However price didn't gain enough of momentum and therefore it's pushed down to take out stops. This should provide with some extra momentum to go up.
Here is the H4 chart which I will use for entry

NZD/CAD looks even more tempting, b…
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GBP/NZD short term forecast

Armands Postado 14 Abr  em #GBP #NZD #Technical #Price Action #GBP/NZD
If we look on the hourly chart we can clearly see that the pair is trading in a sideways mode. There has been two rejections of the support level and twice as much rejections from the resistance level. In my opinion it indicates that there is more supply than demand which in turn means that price should go down. If You enlarge the image You are able to see that last low was lower than the previous and was followed by a higher high. This often times is done to gain the momentum in order…
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