Gbpnzdbuy
GBPNZD - SELLERS FAKE - 14.05.2019DACAPITALTRADING V2.0:
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FOR FOREX AND CRYPTO-CURRENCY MARKETS EVERY DAY!
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1 HOUR
Bearish break below previous support level.
4 HOUR
Bullish waving market structure with several pullbacks.
DAILY
Strong bearish market last couple of days need a pullback to the upside.
DACapitalTrading V2.0
BUY GBPNZD
ENTRY @ 1.96370
SL @ 1.95130 (120 Pips)
TP @ 1.98470 (210 Pips)
RR: 1.70
Use half of normal Risk (0.5%)
(Remember to add a few pips to all levels - different Brokers!)
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HAVE A GREAT WEEK
ALAN
ELLIOT WAVE: GBPNZD BEARS READY TO RESUMES A LONG-TERM DECLINEHi Traders,
The GBPNZD daily chart above revealed that the sell-off from the high at 2.0476 to the low at 1.8132 was an Elliot wave impulse structure, labelled 1-2-3-4-5. According to the theory, a three-wave correction in the opposite direction follows every impulse.
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The retracement after the impulse unfolded as a W-X-Y double three corrective structure with a simple zigzag in wave W & X, and double zigzag in wave Y. If this count is correct, the 5-3 wave cycle seems complete. The theory states that we can now expect the larger trend to resume in the direction of the impulsive sequence.
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Besides, wave (2) has already entered 78.6% Fibonacci levels, where second waves often terminate. Wave Y also equal wave W at the same level, typical relationship for a double zigzag. And last but not least, there is also a bearish rejection candle at the key resistance level.
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Wave (3) decline should easily move the prices below the low of wave (1) in the months ahead. A break below the blue ascending trendline will further confirm the bearish idea.
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Thanks for reading!
Veejahbee.
GBPNZD GOING TO 1.9550?Good set presented here,after a long weekly range where price were respectin for multipel days the 1.9435 resistence inside the wedge pattern so right now seems like we finally we have a break of this resistence showing a strong buyers preassure but before placing a long position i woudl wait for a multiple 4h clsoe abvoe the mentioned level or to fully confirm it a daily close
GBPNZD 4H CHANNEL! MAJOR ALERT!Price of GBPNZD has currently been travelling in an ascending channel. There is a minor support trendline marked out in a thinner black line inside the the channel. Price just recently broke below this line indicating a drop down to the bottom of the major channel like it previously has.
We sent this trade out to our FREE signal members on the entry of the chart! TALK ABOUT SWING TRADING!
#GBPNZD Prediction Next WeekAs can be seen from the graph above, there is strong resistance in 1.97, The pound has already tried twice to break this resistance without success, in our opinion he(#GBP) is going to try this resistance again for the third time, This is one of the reasons for our buying recommendation
Buy GBPNZD:
Take Profit: 1.9670
Stop Loss:1.9250