GBPNZD Analysis and Forecast - 7 April 2022 - By Vladimir Ribakov

Vladimir Ribakov analyzes GBP/NZD on multiple timeframes, identifying a bullish setup with a MACD divergence on the 4-hour chart where price made lower lows while the indicator made higher lows. A break above the 4-hour high, confirmed by higher highs and higher lows, would trigger a buy-the-dip trade targeting volume-profile zones on weekly and monthly charts.
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Hello traders, how are you? Vladimir here from Traders Academy Club, and in this video today, pound New Zealand bullish opportunity. Why do I find it so interesting? So I would like to share with you my analysis and price forecast and to explain my techniques, how do I plan to trade it. But before I do that, if you are new to this channel, welcome to our great community. Please subscribe to the channel with the subscribe button below the video. And also I invite you to our trading family, Traders Academy Club, where you will enjoy from a full VIP price action course, real-time trading ideas, and real-time trading education. Every single trading opportunity delivered to you with a detailed explanation of the techniques I'm using. It comes with a dedicated video, and also every single opportunity is track recorded in our dedicated trading journal. Join our family with the link below the video in the description or in the pinned comment in the comment section. So what do we have on the pound kiwi technically speaking? Why is it so interesting opportunity? And I would like to remind you here, if you still did not do that, then this volume profile indicator with the key support and resistance levels, as you can see here multi-timeframe analysis that I have here automatically done. It's available for you for free, and you can download that, uh, with the link below in the pinned message. In the message comments, you will find a KTL indicator, Key Trading Levels indicator. Follow the link, download this indicator, and enjoy it. Uh, so, uh, starting from the daily timeframe, the way I see that, we just had the beautiful— oops, Sorry, and the straight line just had a beautiful clearance below this important low. On the Bollinger Bands, we were riding on a lower, lower band of the Bollingers for more than 20 candles, right? You can see these marks here on the lower part of the Bollingers. And look what happens with the price— it starts to round to the bottom. Massive spike followed by a great engulfing right after that. And today we have 3 days in a row making higher highs, higher lows. Very positive sign and a very good possibility of a deeper correction coming in play. Going down to the 4-hour chart, we are followed with false breakout. So we have a low, fake low, another fake low. And the reason they are fake is, as you can see, while the chart is making lower lows the indicator is creating a bullish divergence by making higher lows that are clearly seen on the moving average of the MACD. So this is the most recent high, and you can also see by this indicator that, as I mentioned before, is available for you for free in the pinned comment in the comment section with the KTL indicator. So if we manage to break this high— let me just hide it for a second— if we manage to go above this high, complete a bullish momentum by making— by watching the price structure making higher highs, higher lows. If we manage to see that on, on the price action with the indication that we already got from the indicators and the levels, this would be a great opportunity for us to buy the dips. Okay, so if we drop to the 1-hour chart, this is what we will want to see: the higher highs, higher lows taking place, right? The price to go above this 4-hour chart high, and then buy the dips becomes a very, very, very good idea. And if that triggers us, then I believe we are heading towards one of the next important volume zones. One of them is here. The other bigger one is right here. You can also see it's right there with the weekly and monthly levels. So it's not just a level on a 15-minute or 1-hour chart. This is significant, important zone. And this is why I believe this could become a great opportunity to enjoy from some serious buy. Of course, if this high is not broken, then what could happen eventually with this pair is we get one more fake low to be created until the daily chart would manage to complete its divergence. And then, uh, with a very high probability, it will be a last low before much, much deeper pullback to take place. But at the moment The bullish factors are stronger than the bearish ones, and this is why I am looking for the break of this high. But of course, valid dating. Okay, not just the break, but also on the lower time frame gain the bullish structure to prove the bullish momentum. And if that happens, it should be a very good one to follow with buy the pullbacks. So let me know how do you see this one and what do you expect from the pound kiwi? Also, if you find it useful and helpful, make sure to hit this like button below the video. Thank you very much in advance. And also let me know what instruments would you like me to cover on the weekly forecast or on my next trading opportunities I upload to the channel. And that's pretty much it. I would like to thank you for your time watching this video. I hope you find it interesting and useful as always. And once again, I invite you to our trading family, Traders Academy Club, and enjoy from all the amazing offers we have for you, as you can see right here on the image. Thanks for your time. Best to you and yours. I'll see you soon with more. Ciao for now.
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