GBP/NZD

[shahzad0able]

This Thread is made for the discussion of GBP versus NZD.
You can give here forecasts, explanation about the market And Technical Analysis.

[saiansh23]

Have been stuck with the pair must break 1.9500 soon and then we will see a decline towars 1.9200 where I would think bottom will be placed for the pair and for confirmation We will wait for confirmation above 1.9810 and then There will be a strong test of 2.0030

REgards
Check the chart

[saiansh23]

So we finally got the breakout of the long channel trendline which means that wave 5 has finally topped out and we are looking for correction which is in may way will complete around 1.9190 And There we can see how wave unfolds and what would be scenario to go long And if you guys want to trade correction then Stop should be tight enough because it is very exotic currency and can be volatile. Regards
Stop should be not more than 120 pips from the entry And TP should be 1.9220 few pips above the correction target
Check the chart meanwhile

[ispgamer]

one long bullish bar heiken ashi is passing level 1.9300 above up kumo cloud of Ichimoku but until now is not able to continue this upward movement as bullish signal since chinkou span is becoming bending downward as decelerating of bullish then now one new bullish bar is only becoming smaller bar and moving above tenkan sen and kijun sen but still in this kumo cloud below 1.9280