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EURGBP Megaphone bottom. Strong buy opportunity.The EURGBP pair is trading within a Bullish Megaphone since the start of the year. For the past 2 weeks it has been ranging within the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line). This is technically the bottom formation of the pattern on its new Higher Low, as the 1D RSI has been printing the same sequence as February's which priced the previous Higher Low. We are expecting at least a Resistance 1 test at 0.87400. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
3
GBPJPY Channel Down making a Lower High rejectionThe GBPJPY pair rose aggressively since the last time we gave our buy signal (April 11, see chart below), quickly hitting our conservative 109.250 Target: The price has since made a Lower High rejection at the top of the Channel Down but remains supported by the 1D MA50 (blue trend-line). Once broken and it closes a 1D candle below it, we will have bearish break-out signal. Our Targe will be 185.250, which will be the standard -5.85% decline that all 3 previous Bearish Legs had within the Channel Down. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
3
GBPUSD: MACD Cross confirms more upsideGBPUSD is bullish on its 1D technical outlook (RSI = 59.696, MACD = 0.006, ADX = 36.278) as it's been inside a Channel Up since the start of the year (January 13th 2025 low). At the moment the 1D MA50 is holding and provides the short term support. The 1D MACD just formed a Bullish Cross, validating the new bullish wave. We are bullish, aiming for another +3.63% HH rise (TP = 1.3600). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
1
EURGBP: Shifting to long term bearish.EURGBP is heavily bearish on its 1D technical outlook (RSI = 36.165, MACD = 0.000, ADX = 36.508), and most likely will close the day under its 1D MA50. At the moment it is crossing below the 2025 Channel Up and if it closes under it, we will have a validated trend shift to bearish long term. It will be similar to the August 2024 decline that made a new Low after a 1D MA50 rejection. We first aim for the S1 level (TP1 = 0.83500) and as long as it remains under the 1D MA50, resell on the bounce to the S1 level (TP2 = 0.82500). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
GBPJPY: Entering the most optimal medium-term Sell Zone.The GBPJPY pair is bullish on its 1D technical outlook (RSI = 59.237, MACD = 0.300, ADX = 16.909) as it is expanding the bullish wave of the 6 month Channel Down. The two prior peaked on the 0.786 and 0.9 Fibonacci retracement level respectively. This bullish wave has already reached the 0.786 Fib, so it has entered the most optimal Sell Zone for the medium term. Even if it peaks on the 0.9 Fib, a -5.90% bearish wave (similar with the 3 prior) would test 183.500. See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
1
GBPJPY Channel Down bottom reached. Rebound expected.Last time we looked into the GBPJPY pair (March 20, see chart below) we had a sell signal which dully delivered our 188.550 Target: This time we have the price at the bottom (Lower Lows trend-line) of the extended Channel Down, with the 1D RSI almost reaching the 30.00 oversold limit. All such bottoms were followed by a rebound that hit at least the 1D MA50 (blue trend-line) before a new Channel Down Lower Low. As a result, we are going for a short-term buy here, targeting a potential contact with the 1D MA50 at 190.250. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
GBPUSD in Correction Phase – Potential for a Short OpportunityGBPUSD ( FX:GBPUSD ) is approaching the Support zone($1.286-$1.278) , Support lines and Important Support line . Regarding Elliott Wave theory , GBPUSD appears to have completed the microwave 5 of the main wave 3 with the help of the Ending Diagonal Pattern and is currently completing the main wave 4 . The main wave 4 is likely to have a Double Three Correction(WXY) . I expect GBPUSD to decline at least to the Support zone($1.286-$1.278) and Support lines . Note: If GBPUSD goes above $1.30 we should expect more pumping. The worst Stop Loss(SL) for a SHORT position could be $1.30. Note: If GBPUSD falls below $1.2760, we should expect more dumping. Please respect each other's ideas and express them politely if you agree or disagree. British Pound/U.S. Dollar Analyze (GBPUSD), 4-hour time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
1
GBPJPY 1D MA200 rejection. Channel Down sell signal.The GBPJPY pair has been trading within a Channel Down pattern and the recent Bullish Leg got rejected yesterday on the 1D MA200 (orange trend-line). If the 1D RSI closes below its MA trend-line, we will have the ideal sell confirmation signal. Our Target is the top of the 4-month Support Zone at 188.550. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
GBP/USD: ID50 Setup Bullish Trade Opportunity1. **ID50 Setup Formation:** - The market appears to have formed a **peak formation low**, followed by a reversal into an upward trend. - The price retraced to the **50 EMA (blue line)**, which aligns with the **ID50 trade entry zone** in BTMM. - A bounce off this moving average suggests **bullish continuation**. 2. **Market Structure & Momentum:** - Higher highs and higher lows are evident, confirming an uptrend. - The **red EMA (13 EMA)** remains above the **50 EMA**, reinforcing the bullish sentiment. - Price recently tested the **50 EMA support**, indicating a potential **buying opportunity**. 3. **Key Levels to Watch:** - The nearest **resistance zone** is around **1.29700**, which might serve as the next target. - Support is currently around **1.29000**, aligning with the 50 EMA. **Conclusion:** If the price maintains support above the 50 EMA, the **bullish ID50 setup** suggests a continuation of the uptrend. A break above recent highs could lead to further gains. However, traders should watch for potential **stop hunts** before a strong move occurs.
Long
by BeaucoupPips
GBP/USD Intraday Market Analysis: Potential Upside ReversalThe GBP/USD 15-minute chart suggests a possible bullish reversal following a period of consolidation near the 200-period moving average. Price action formed multiple rejection wicks at a key support level, indicating buying interest. A bullish engulfing candle has emerged, confirming a potential shift in momentum. The risk-to-reward setup highlights a long position, with stop-loss protection just below the recent lows and a target towards previous liquidity zones. The stochastic-based momentum indicator shows a crossover in oversold territory, further supporting potential upside movement. If price sustains above the 200 EMA and breaks through immediate resistance, further bullish continuation is likely. However, failure to hold above the entry level could invalidate the setup, leading to further downside pressure.
Long
by BeaucoupPips
GBP/USD 15-Minute Chart: Bearish Reversal at Harmonic CompletionThe chart showcases a well-defined harmonic pattern, the Shark, with the price reaching the terminal zone at 1.2670 , marked by a red downward triangle. This suggests a potential reversal zone where selling pressure may emerge. Key observations: The price has reacted strongly at the completion point, aligning with Fibonacci extensions. Overbought conditions are evident in the RSI and other momentum indicators, indicating potential exhaustion of the bullish trend. Target levels: T1: 1.26241 T2: 1.25741 Suggests a possible downside move if the reversal confirms. Traders should watch for bearish confirmation before entering short positions, while bulls may seek a break above 1.2670 for further upside.
Short
by BeaucoupPips
GBP/USD Approaching Key Reversal ZoneThe GBP/USD pair has reached a critical resistance area around 1.2658, aligning with the 1.13 Fibonacci extension level of the harmonic Gartley pattern. The price action suggests potential exhaustion in the bullish trend, with signs of rejection near this level. A confirmed reversal could lead to a corrective move towards key support zones at 1.2456 and 1.2320. However, if the pair sustains above 1.2685, further upside towards 1.2732 and the HOP level at 1.2843 remains possible.
Short
by BeaucoupPips
GBP/USD: Distribution Signals a Drop to 1.25GBP/USD appears to be in a distribution phase, struggling to break through resistance around 1.2620. The price has formed multiple rejection points at this level, indicating weakening bullish momentum. The recent lower high, combined with a potential break of the ascending trendline, suggests sellers are regaining control. If price breaches the key support zone, a move towards the 1.2500 region becomes increasingly likely. With a bearish harmonic pattern and liquidity grab indications, GBP/USD could see further downside as selling pressure intensifies.
Short
by BeaucoupPips
GBP/USD Market Analysis – Bearish Reversal from Harmonic PatternThe GBP/USD pair has completed a Crab harmonic pattern , with price reaching the 1.618 extension level and reacting strongly at resistance near 1.2617. The rejection suggests a potential bearish reversal. Initial downside targets (T1 and T2) are at 1.2515 and 1.2445. If price sustains below 1.2593 (AB=CD level), further downside is likely. However, a breakout above the high could invalidate the bearish setup. Traders should watch for confirmation signals before taking positions.
Short
by BeaucoupPips
EURGBP 4H Channel Down topped. Drop expected.The EURGBP pair has been trading within a Channel Down pattern below its 4H MA50 (blue trend-line) since the February 12 High. Technically that pattern is similar to the Channel Down of late January, which saw an accelerated decline after it failed to break above the 4H MA50. We expect the pattern to complete a similar -2.18% decline and target 0.81750. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot