GBP NZD - Clear path, awaiting confirms (Quick Series XI)

18 thg 5, 2022

G'Day Traders and Analysts,

Breakdown:
1. Note
2. Contents
3. Research breakdown
4. Education recap
5. Information on Lupa.

A Note before reading - this is a forecast analysis - based upon our trading strategy. This is tagged neutral, until the opportunity for a close reaches the profit taking zone. This will be activated as long, where an imbalance is formed and sellers have completed the changing of hands due to purchasing further increments the exhaustive sellers.

Please do not take this as face value and conduct the relevant investment strategy to successfully trade the probabilities. However, note, at currently awaiting confirmation of a short term bearish move, before heading long again

Master Key for zones

• Red = Three Month
  
• Blue = Monthly
  
• Purple = weekly
  
• Orange = Daily
  

Risk Warning
Trading leveraged products such as Forex, commodities and CFDs, carries with it a high level of risk and so may not be suitable for every investor. Prior to trading the foreign exchange, commodity or CFD market, consider your investment objectives, level of experience and risk appetite. You should never risk more than you can afford to lose. If you fail to understand or are uncertain of the risks involved, please seek independent advice and remember to conduct due diligence.

Monthly with Original levels and fresh levels yet to be tested

• Clear departure on the weekly Monthly - (Monthly ray has been left in to represent the steepness of the curve.
  
• Price may not instantly revert to the Original level, as a trader, it's impossible to know the time limit, however the direction from a Departure will lead to an arrival using supply and demand in conjunction with a clear supply imbalance formation.
  
• The "clear seven week drop" on the chart signifies the overall move was strong, whilst this does have an element of prediction, the reality is price moves in a downward right formation where an original and fresh level below the current imbalance whereby this is test number four, proves the zone is a solid trading range between 1.89 - 2.05 zones respectively.
  The monthly wicks, have left patterns forming with higher lows providing a strong basis.
  

Weekly Markup

• Clear departure on the weekly highlighting a Fresh level (FL) - zone will require a retest and this will initiate a strong supply zone.
  
• Price may not instantly revert to the FL as the strong departure can accumulate before the next distribution pattern is confirmed.
  
• Subject to weekly closes price can revert back to test lows of <1.92 subject to a shorter term base forming upon a daily level. Note, this also aligns with the December 6, 2021 candle of interest which 'pauses' the RBR formation.
  

Rally Base Rally scenario (Daily) View >3months


Oscillation scenario - forming a wedge pattern within the process? - as shown.
Look to short from the base to hedge long positions - subject to confirmation within the trading range.
Long from a pivot low using eight hour chart, daily for a confirmation of a higher low and failure to breach engulfing candle pattern from May 5, departure reactive test.


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