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GBPNZD trade ideas

GBPNZD - 4H - Bearish Trend Continuation Strategy Technical Analysis: GBPNZD is in a strong bearish trend, moving within a bearish channel and consistently closing candles inside the channel. The pair is printing lower lows (LL) and lower highs (LH), reinforcing the downward momentum. With no divergence , the trend looks stable for continuation. We will look to sell at the 0.5 Fibonacci retracement level to capitalize on the ongoing bearish trend. Fundamental Analysis: September is a risk-on environment, and NZD is showing more strength than GBP, which supports the bearish outlook for GBPNZD. NZD remains stronger than GBP in the current market conditions. Seasonality: GBPNZD tends to be bearish from mid-August to the end of December, with a particularly strong downtrend expected from the last week of September to the first week of October. Entry Strategy: Entry Point: Sell at 2.11640, around the 0.5 Fibonacci level. Stop Loss: Set at 2.12500, above the last lower high (LH) in a good resistance zone. Take Profit 1: First target at 2.10782. Take Profit 2: Second target at 2.09922. This strategy leverages both technical and fundamental factors, with strong seasonality and market sentiment favoring a continued bearish move in GBPNZD. The entry, stop loss, and take profit levels are well-defined for effective risk management and potential gains.
Short
by ya_xir
GBPNZD - 4H - Bearish Trend Continuation Strategy Technical Analysis: GBPNZD is in a strong bearish trend, moving within a bearish channel and consistently closing candles inside the channel. The pair is printing lower lows (LL) and lower highs (LH), reinforcing the downward momentum. With no divergence , the trend looks stable for continuation. We will look to sell at the 0.5 Fibonacci retracement level to capitalize on the ongoing bearish trend. Fundamental Analysis: September is a risk-on environment, and NZD is showing more strength than GBP, which supports the bearish outlook for GBPNZD. NZD remains stronger than GBP in the current market conditions. Seasonality: GBPNZD tends to be bearish from mid-August to the end of December, with a particularly strong downtrend expected from the last week of September to the first week of October. Entry Strategy: Entry Point: Sell at 2.11640, around the 0.5 Fibonacci level. Stop Loss: Set at 2.12500, above the last lower high (LH) in a good resistance zone. Take Profit 1: First target at 2.10782. Take Profit 2: Second target at 2.09922. This strategy leverages both technical and fundamental factors, with strong seasonality and market sentiment favoring a continued bearish move in GBPNZD. The entry, stop loss, and take profit levels are well-defined for effective risk management and potential gains.
Short
by ya_xir
GBPNZD -Turtle soup and Smart Money Concept Trading Strategy The Turtle Soup strategy, however, flips the script, aiming to profit when those anticipated trend. Linda Raschke’s Turtle Soup strategy is a counter-trend trading approach that capitalizes on failed breakouts. ENTRY :- SELL -Above opening price (daily) BUY - Below opening price (daily) STOPLOSS :- above or below recent swing High 1st TARGET :- Book profit 50% 2nd TARGET :- Book profit 25% 3rd TARGET :- Book profit 25% Consisitency and hard working is the key of success. KEY OF SUCCESS :- *) Buy below opening price of Daily Candle AND Sell above opening price of Daily Candle. *) Do not take risk more than 1% of Equity. *) Take Profite Should be More then 2% of Equity . *) Book 50% profit of running trade first and remaining 50% hold for long term.
Short
by FTS_2528