GBP/NZD... this Pair is Amazing! | Page 2 | Forex Factory

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GBP/NZD... this Pair is Amazing!

  • #21
  • Sep 10, 2015 11:36pm Sep 10, 2015 11:36pm
I wanted to scalp this on 5 min chart but is to high the spread

In my opinion not worth to look to H1 chart at this pair.
Other pairs are a lot safer under H4.

Just open a daily chart and place a pending order -for sure you will see where - and wait... More simple is impossible
I want to buy PATIENCE
  • #22
  • Sep 10, 2015 11:39pm Sep 10, 2015 11:39pm
Quoting shadodwel
I've been trading this pair, EURAUD, GBPAUD, and EURGBP for a few years now. I used to pay attention to EURNZD, but the spread is ridiculous with this pair. It's over 9 pips with forex.com as a broker. GBPNZD is still high, 7 - 8 pips, but the daily range on GBPNZD is well over 200 pips almost every trading day! Good spot
this forum is labeled GPBNZD but I am willing to open it up for discussion on the GBPAUD and the GBPCAD. GBPAUD looking intersting on the H4. Hit the top of the consolidation and fell. But found support at the trend line drawn. I am looking for a break on this TL. I am currently short targeting 2.1400
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Good luck and may the odds be ever in your favor!
  • #23
  • Sep 10, 2015 11:54pm Sep 10, 2015 11:54pm
Quoting missH
{quote} What is your system? Haven't a total discription? Thank you
right now we are looking to sell the highs of the consolidation range and buy the lows of the consolidation range. Until we get a solid break and a new high that is the game plan.
Good luck and may the odds be ever in your favor!
  • #24
  • Sep 11, 2015 1:01am Sep 11, 2015 1:01am
Quoting matheszabi
I wanted to scalp this on 5 min chart but is to high the spread In my opinion not worth to look to H1 chart at this pair. Other pairs are a lot safer under H4. Just open a daily chart and place a pending order -for sure you will see where - and wait... More simple is impossible
I don't know what spreads you got on GBPNZD but check FXCM spread.
  • #25
  • Sep 11, 2015 1:13am Sep 11, 2015 1:13am
} It is simple enough: Buy, buy, buy Just open a daily chart
hey Math you're right man....the friggin price was still rising all during the down-turn in the oscillator....dahang
  • #26
  • Sep 11, 2015 1:34am Sep 11, 2015 1:34am
This is what I see....it might even go higher.
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Take what the market gives you.
  • #27
  • Sep 11, 2015 3:29am Sep 11, 2015 3:29am
i see 3.000 in the future
  • #28
  • Sep 11, 2015 11:22am Sep 11, 2015 11:22am
Failed yet again to sustain 2.45. I think this is further indication of bears wanting to take control!
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Good luck and may the odds be ever in your favor!
  • #29
  • Sep 13, 2015 1:06am Sep 13, 2015 1:06am
Quoting dbutton1990
Failed yet again to sustain 2.45. I think this is further indication of bears wanting to take control! {image}
you are trading for 5$ a pips on this pair??? this pair moves 500 pips in 2 hrs. crazy pair if you trade it. I am sure you have the experience to trade this. i am thinking of a sell as well but not so many lots
  • #30
  • Sep 13, 2015 1:10am Sep 13, 2015 1:10am
Quoting SmallPaul
i see 3.000 in the future
3.00 and how will you get there. lets keep gbp/usd at 1.6, 1.65 and 1.7 and calculate that

gbp at 1.6, nzd at 0.53
gbp at 1.65, nzd at 0.55
gbp at 1.7, nzd at 0.56

scenario 3 is possible in case of nzd but not in case of gbp. scenario 1 is possible in case of gbp but abt nzd?? not sure bcoz rbnz may just do one more cut and stop there
  • #31
  • Sep 14, 2015 9:59am Sep 14, 2015 9:59am
How's everyone doing on this pair? It has continued to fall toward consolidation support at 2.37. The GBP/AUD has continued it's fall towards 2.14! I have targets for both of these pairs at each of these levels
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Good luck and may the odds be ever in your favor!
  • #32
  • Sep 16, 2015 1:32am Sep 16, 2015 1:32am
Bonjour from France dbutton 1990 .I don't use to trade GBPNZD. really your target for gbpnzd is 2.37 ? may be it can go up on the moving average 20 days.What is your opinion ?
  • #33
  • Sep 16, 2015 4:19pm Sep 16, 2015 4:19pm
Really i've never faced bad luck or bad evaluation like what i every trade face in this serious and dangerous pair, the small movement for any candle will cause arround 30 pip
everytime i short or long even with the trend, i found the chart and candles go vice-versa in the same minut , i lost arround USD 2500 in real account because of this pair.
I expect this pair reach to 2.4600 in the next week.
  • #34
  • Sep 16, 2015 4:35pm Sep 16, 2015 4:35pm
Quoting abatchy
Really i've never faced bad luck or bad evaluation like what i every trade face in this serious and dangerous pair, the small movement for any candle will cause arround 30 pip everytime i short or long even with the trend, i found the chart and candles go vice-versa in the same minut , i lost arround USD 2500 in real account because of this pair. I expect this pair reach to 2.4600 in the next week.
Well if you lost so much money only on this pair, trust me, you need to reduce you lot size, how much % that means to your account? If this means more than 5%, you really need to review your risk vs reward ratio. I've been on your side and it's not fun.

Even if it goes to 2.46, I'll keep selling this pair, I'm up almost +900 pips for this month just by selling this pair, just look at the monthly and weekly TF, you'll see that this pair needs a correction to lower levels. I'm expecting this pair to fall more than 1000 pips in the long run before thinking about buying, any buys now could be momentary, plus selling this pair gives you a positive swap (if your accounts allows swaps), which is a bonus.

Trade this pair with caution, you must know what you're doing, otherwise you can get serious burnt.

Happy pips everyone.

Fx 35
  • #35
  • Sep 16, 2015 5:44pm Sep 16, 2015 5:44pm
Quoting Fx 35
{quote} Well if you lost so much money only on this pair, trust me, you need to reduce you lot size, how much % that means to your account? If this means more than 5%, you really need to review your risk vs reward ratio. I've been on your side and it's not fun. Even if it goes to 2.46, I'll keep selling this pair, I'm up almost +900 pips for this month just by selling this pair, just look at the monthly and weekly TF, you'll see that this pair needs a correction to lower levels. I'm expecting this pair to fall more than 1000 pips in the long run...
If nzdusd broke the 645 level then i will sell this pair more aggressivly because you should keep an eye on that is well other wise i think its going towards 2.24900 in short term
  • #36
  • Sep 16, 2015 9:48pm Sep 16, 2015 9:48pm
Quoting Talhazz
{quote} If nzdusd broke the 645 level then i will sell this pair more aggressivly because you should keep an eye on that is well other wise i think its going towards 2.24900 in short term
Well remembered, as long NZD keeps the bullish momentum and GBP the bearish (in relationship with each other), it's another confirmation!!!

2.4450 is currently holding strong resistance, a sell around this area with S/L above the u-turn area looks good.
  • #37
  • Sep 16, 2015 11:18pm Sep 16, 2015 11:18pm
for everybody that is complaining about spread.

you do realize you can just

long gbp usd
Short nzd usd
  • #38
  • Sep 17, 2015 12:58am Sep 17, 2015 12:58am
Quoting adaseb
for everybody that is complaining about spread. you do realize you can just long gbp usd Short nzd usd
HAH
  • #39
  • Sep 17, 2015 7:16pm Sep 17, 2015 7:16pm
Hi traders, this is my long term view to GBP/NZD.

This long term trendline started back in 2001 and every time the price approached it, it reacted bearish, also there is a new fib extension level off the monthly TF that's been hit last month, so this pair can be on a sideways movement and is currently finding resistance and support from 2.45-46 to 2.40 range zone.

I expect this pair to be in this consolidation zone until either break bullish or bearish, but since this pair is been on a rally for a long time, I'm more bearish until the 38.2 level off the monthly TF at 2.2853, does is sound surreal? Maybe yes, maybe not, but remember, all fibs level are been hit off the monthly, weekly and daily TFs and the previous resistance at around 2.2760 hasn't been tested yet.

This is just a guidance, trade what you see, not what you hear or read, if you think these analysis are incorrect, don't follow, share your thoughts as well, this pair is a beast and the spreads are large, my broker sometimes is 20 pips spread, but considering 400 pips range for a day, this is nothing, the most important for me is: Plan your trade and trade your plan and never risk money you can afford to lose. Always look for a good risk vs reward ratio.

Happy pips everyone.

Fx 35
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  • #40
  • Sep 17, 2015 9:00pm Sep 17, 2015 9:00pm
I think it's important to note that even though we are still in consolidation, we have made higher highs forming a pennant. I'm looking for a bullish breakout here in the near future. Long term target suggests. 2.6500. If we break the trend line and take out a previous low look for bears to take control back down to 2.3800
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Good luck and may the odds be ever in your favor!
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