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From (-119 pips loss to a +278 pips win) !!!.

  • On the 4th of June I made some analysis and they were indicating me that the GBP/NZD should march in a long term bullish trend starting very soon. So i backed my analysis with a position as i always do ,but i have been proven wrong very soon. I entered a 5 milion buy position at the top of the trend. The trend reversed on 1 Day chart and i took a 119 pips loss which kinda smashed my equity sending it under 70 k.
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    ilonalt avatar
    ilonalt 13 June

    Great profit, great job! Good luck in a future!

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    GBP/NZD - Bullish amid rate hike talks!

    • Charts: 4Hours, 1 Day.
    • Elements used: Fiboancci Fan Lines, Fibonacci Retracemets.
    • Prepared with : JForex 4.
    • Current Level : 1.9661
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    Metal_Mind 25 June

    UPDATE 1: Current price level is 1.9548 which represents  a 140 pips  deviation from target. Currently the pair is moving within a 200 pips range. Since this is such a volatile pair ,everything can happen. The target could be met or not in the remaining days.

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    Metal_Mind 27 June

    UPDATE 1: The deviation increased to over 386 pips from previous 140 pips as a result of a 1 day strong sell wave.

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    GBP/NZD-Breaking the Channel down !!

    Charts: 4Hours, 1 Day.
    Elements used: Pattern Analysis Widget, EMA 3,5,13,21,50,100,Time Markers.
    Current Level : 2.0084

    GBP/NZD as can bee seen on the chart bellow is in a channel up pattern formation,but there is very interesting about this particular formation. If we look closely we can see that while forming this channel up the pair made 3 resistances each one higher than the other and 2 (highers low) supports . I analyze this pair for quite some time now and i see here a distinct …
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    Metal_Mind 27 Mar.

    UPDATE 1: WRONG DIRECTION

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    GBP/NZD-Bearish Wave!


    Charts: 4Hours, 1 Day.
    Indicators: Fibonacci Retracements,Support & Resistance Levels , MACD.
    Current Level :1.9916

    GBP/NZD has started this year plummeting over 850 pips in less than half a month.In the 4 days the pair recoverd very quickly over 450 pips after Thursday 360 pips sharp bullish run.This whole period ,December & January has been a very volatile period for this pair , more than it's regular volatility. I expect the pair to recover this losses in the following period but gradua
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    Atashi_Tada avatar

    good luck :)

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    Metal_Mind 20 Jan.

    thanks Atashi!!

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    Metal_Mind 27 Feb.

    UPDATE 1; Curent deviation 200 pips.

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    UPDATE 2: Current price level is 1.9953 the deviation narrowed from 200 to 180 pips deviation but this is still very far and with only one day to go the target is far.

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    GBP/NZD- Retest retracement!

    Charts: 4Hours, 1 Day.
    Indicators: Fibonacci Retracements,Support & Resistance Levels , MACD, EMA 200,100,50.
    Current Level :2.0001

    GBP/NZD has made a strong bullish move starting November 21 of almost 600 pips making also a new high at 2.0243 from which it etraced lower.On the chart bellow we can see a major support & resistance zone on which this pair has been struggling every time it try to break lower or higher.
    The pair bias is bullish on the long term with prospect of breaking 2.
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    geula4x 26 Dec.

    +1 Liked :-)

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    Metal_Mind 28 Jan.

    UPDATE 1 : Current price level is 2.0052 which is more than 500 pips above the target. The price action really did a 500 pips plunge and reached my target but the pair recovered the loss and is now on bullish track.I may not been accurate on this prediction but the bearish setup was correct and i also trade it on live.

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    UPDATE 2: Deviation 800 pips from target.

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    GBP/NZD - Channel Down!

    Charts: 4Hours, 1 Day.
    Indicators: Fibonacii Fan Lines, Fibonacci Retracements,Support & Resistance Levels , MACD, EMA 200,100,50.
    Current Level :1.9575

    GBP/NZD has a mixed bias right now. If last month the pair was trending and looked like it will break higher (1.96) level and maybe a run towards (2.00 )price level this month the trend is surely bearish. Also the pair is going downward in a wide channel down pattern were it constantly made lower highes & lower lows strenghten this prediction.My
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    Metal_Mind 26 Dec.

    UPDATE 1 : Wrong Prediction

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    GBPNZD- Mirror Reflection!!!


    Charts: 4Hours, 1 Day.
    Indicators: Fibonacii Fan Lines, Fibonacci Retracements,Support & Resistance Levels , MACD, EMA 200,100,50.
    Current Level :1.9475

    GBPNZD is a pretty interesting pair if you take into consideration the fact that it has the tendency to reflect past movements like a mirror.If we take a close look at the chart bellow and pay attention we can some very clear similarities between past support & resistances zones. We have 2 major resistances at the same level (2.006) with a
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    Metal_Mind 17 Nov.

    Update 1 : This pair is stalling. I predicted that this pair will break the 1.96 level by now but insted it formed a range between 1.95 & 1.88.The current level is 1.93 and i think my prediction could be proven true until 2 December.

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    Metal_Mind 29 Nov.

    Update 2 ; The pair had a strong bullish run which passed already my prediction with 400 pips.

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