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Britishpound

GBPAUD: Surgical buy and sell trades until the Channel breaks.GBPAUD is trading inside a Channel Up and the recent rejection on its HH trendline has turned the 1D timeframe neutral technically (RSI = 51.719, MACD = 0.007, ADX = 31.058). This is a sell signal which on the short term extends to the 1D MA50 (TP1 = 1.891500). If the price action closes a candle under the 1D MA50 and the HL trendline, we will sell again, targeting the bottom of the Channel Up (TP2 = 1.8800). Any holding of the 1D MA50 or the bottom of the Channel Up, will be a buy signal which targets the 0.5 Fibonacci level from each bottom. If the price closes under the Channel Up, we will sell for a third and final time, aiming at the 1D MA200 and S2 (TP3 = 1.84000). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
GBPUSD Hit the Channel Up top. High probability for a pull-back.The GBPUSD pair hit on Friday the top (Higher Highs trend-line) of the Channel Up pattern that started on the March 08 Low. At the same time it got rejected on the 1.3150 Resistance, which was the April 14 2022 High, while the 1D RSI got extremely overbought at 78.50. This calls for a short-term correction back to the 1D MA50 (blue trend-line) and the Channel's bottom. We are willing to buy there with a low risk/ high reward long, targeting Resistance 2 at 1.33000. If however the price breaks below the 1D MA100 (green trend-line) we will take the loss and short instead towards the 1D MA200 (orange trend-line), with an early estimated target at 1.2400, although this will be modified depending on the position of the 1D MA200 at the time. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
2
British Pound after impulse can make correction to 1.2950Hello traders, I want share with you my opinion about British Pound. By observing the chart, we can see how the price recently bounced from the support line of the upward channel to past the support level, which coincides with the support area and at once made a little correction. After this, the price continued to move up to the resistance line, thereby breaking the support level and then a little fell below. A few time later British Pound rose to the resistance line again and then rolled down to the support line, which coincide with the support level and area. But at once price bounced back to the resistance line, made little correction, and then made a strong upward impulse, thereby breaking the current support level and exiting from the channel. Now price trades higher of the resistance line of the channel and I think the British Pound can bounce down. For this case, I set up my target at the 1.2950 level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
7
GBPNZD Buy on the bottom of the Channel Up, sell under it.GBPNZD is trading inside a Channel Up since the February 3rd Low. The last Higher Low was priced under the 1day MA50. Our current buy zone is between the 1day MA50 and Support A. Buy as long as this holds and target 2.091500 (Resistance A). A closing under the Channel Up and more specifically the 1day MA200, is a sell signal, so in that case take the buy's loss and short. Target the 1day MA200 just over Support B at 1.98000. Follow us, like the idea and leave a comment below!!
by TheCryptagon
EURGBP - Price can exit from triangle and continue to riseHi guys, this is my overview for EURGBP, feel free to check it and write your feedback in comments👊 A few days ago price bounced from declined $0.8600 level, which coincided with resistance area and decline to support level. Then British Pound at once bounced and made strong upward impulse higher of resistance level but soon fell below. After this, price rose back and started to decline in falling channel, in which it finally broke $0.8600 level and decline to support level. Later price entered to triangle, where it even made fake breakout and recently backed up. Now British Pound continues to trade in a triangle near support line and maybe It can fall to support line. Also then, price can bounce up to resistance line and continue to rise to $0.8590 level, thereby exiting from triangle. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
6
⚠️GBPAUD falling with Rising Wedge Pattern⚠️GBPAUD managed to complete the Rising Wedge pattern near the 🟡 Price Reversal Price(PRZ) 🟡 and important downtrend line . There is also a Regular Divergence (RD-) between two successive peaks. 🔔I expect GBPAUD to start its main decline after breaking the lower line of the Rising Wedge pattern. 🔅British Pound/Australian Dollar Analyze ( GBPAUD ) Daily time frame⏰. Do not forget to put Stop loss for your positions (For every position that you want to open). Please follow your strategy, this is just my idea, and I will be glad to 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
8
British Pound can exit from channel and continue to growHello traders, I want share with you my opinion about British Pound. By observing the chart, we can see how the price a few days ago bounced to the resistance level, which coincides with the seller zone and resistance line. Then it started to decline close to this line and fell to the current resistance level, which coincide with the buyer zone, but soon bounced back to the resistance line. Next, British Pound declined again lower of the buyer zone and later rolled up to the seller zone, thereby breaking the resistance line. After this movement, the price declined to the current resistance level and then made impulse higher of the seller zone, where later it entered to downward channel, in which British Pound fell below the buyer zone. But a not long time ago price bounced of the support line and now trades in the buyer zone. Possibly British Pound can decline a little and then bounce up to the resistance level. Also, I think that price can break it, make a retest, and then continue to grow, exiting of downward channel. Therefore I set up my target at 0.8560 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
3
GBPUSD - Price can leave pennant and rise to resistance levelHi guys, this is my overview for GBPUSD, feel free to check it and write your feedback in comments👊 A not long time ago price bounced from $1.2545 point to support line, which is located below support area. But soon British Pound rolled up and made strong upward impulse higher of resistance area, which coincided with resistance level. Thereby price broke two levels, but later, it made correction below resistance level and then bounced up again to resistance line. Also, price formed pennant pattern, in which British Pound declined to current support level, which coincide with support line. Recently price bounced up and now trades very close resistance line, and I think British Pound can fall a little. Then price can bounce up to 1.2775 resistance level, exiting from pennant. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
8
EURGBP: Sell following the 1D MA50 rejection.EURGBP got rejected last week on the 1D MA50 turning the 1D timeframe bearish technically (RSI = 42.823, MACD = -0.002, ADX = 20.983). Given the fact that the 2023 pattern is a Bearish Megaphone, we expect a continuation of this downtrend to the LL trendline. We are selling with an initial target on the 0.786 Fibonacci level (TP = 0.84450). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
1
EURGBP Falling with Ascending Broadening Wedge❗️❗️❗️EURGBP has been able to form two reversal patterns in the daily time frame. The first pattern is the Ascending Broadening Wedge , in which the EURGBP has managed to break the lower line of this pattern. The second pattern is the Head and Shoulders Pattern , which was the first sign of the Ascending Broadening Wedge lower line breaking. 🔔I expect EURGBP to at least FALL to the next 🟢 support zone(0.83 GBP-0.82 GBP) 🟢. 🔅Euro/British Pound Analyze ( EURGBP ), 4-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, 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
12
HelenP. I British Pound can make fake breakout and bounce downHi folks today I'm prepared for you British Pound analytics. A not long time ago price traded close resistance level which coincide with the resistance zone, and later it bounced up to the trend line and started to decline close to this line. When the price declined, it broke the resistance level with the zone and fell to the support level, which coincide with the support zone too, and declined below them. Also recently price rose to the trend line and even made a fake breakout, but now it trades below the trend line. In my mind, British Pound can rise a little higher of the trend line again, and then start to decline to the support level. As well, the price can break this level, make a retest and maybe fall below the support zone. For this case, I set the target at 0.8530 level. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
7
GBPJPY: Hit a 2 year Resistance. Hard fall possible.GBPJPY hit today the top (HH line) of the Megaphone pattern that started on the May 24th 2021 High. Tha last time it did (April 18th 2022), the price got rejected back to the 0.618 Fibonacci level and the 1W MA50. Right now the 1W MA50 is already near the 0.618 Fibonacci and is headed towards the 0.5. With the 1W technicals vastly overbought (RSI = 75.716, MACD = 4.620, ADX = 61.529), we expect a hard landing for the pair and open a long term sell targeting the 0.5 Fibonacci (TP = 170.000), where not only we project contact with the 1W MA50 but is also where the HL of the Rising Wedge is. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
4
British Pound can make correction movement and then bounce upHello traders, I want share with you my opinion about British Pound. Looking at the chart, we can see how the price bounced from the buyer zone and made impulse up to the resistance level, which is located inside the seller zone. But soon price bounce down and made correction below the support level with the buyer zone to support line. After these movements, British Pound made a strong impulse up to the resistance line, thereby reaching past the target, which is located at 1.2615 level, and rose higher of the seller zone with the resistance level and forming upward pennant pattern. Later price bounced of the resistance line and declined below the seller zone with the resistance level to the support line, but recently British Pound bounced up and now trades in the seller zone. Maybe the price can make a little move down and then bounce up. As well possibly British Pound can break the resistance level, make a retest, and continue to move up to the resistance line. If the price can break the resistance line, it can exit from the pennant and continues to move up, therefore I set up my next target at the 1.2780 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
8
GBPCHF will go UP by Descending Triangle🚀GBPCHF has managed to form a Descending Triangle Pattern on the daily time frame. After GBPCHF managed to break the 200-SMA , it was expected that the upper line of the descending triangle would break, and it did. GBPCHF is completing a pullback to the upper line of the descending triangle , and I expect GBPCHF to start growing near the uptrend line and the 38.2% Fibonacci level . 🎯The GBPCHF target can at least continue to the upper limit of the 🔴heavy resistance zone( 1.178 CHF -1.153 CHF)🔴🎯. 🔅British Pound/ Swiss Franc Analyze ( GBPCHF ) Daily time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
8
GBPUSD: Megaphone pulling back. Chance to buy the dip.GBPUSD is trading inside a Bullish Megaphone pattern after the March 8th bottom with the 1D timeframe still bullish (RSI = 61.970, MACD = 0.007, ADX = 32.900) despite the fact that the price has been on a pullback since the June 16th high. This is because the technicals were previously overbought and the harmonization process is longer. Technically when the RSI turns neutral it will start being a buy opportunity again. The closer to the 1D MA50, which is now at the bottom of the Megaphone pattern, the better. We will buy and target the top of the Megaphone again (TP = 1.3000) before it eventually tests the R1 (1.3090) after the next pullback. Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
9
HelenP. I British Pound can bounce down of resistance lineHi folks today I'm prepared for you British Pound analytics. A few time ago price bounced down and declined below support 2, which coincide with the support zone, to the trend line. But at once price bounced up and made a strong upward impulse to support 1, which is located in the current support zone. After this, British Pound made a correction to the trend line, then it bounced and continued to move up. When the price rosing, the price first reached support 1 with the support zone again, and a not long time ago broke their too. Then British Pound made a retest and continue to rise to the resistance line. At the moment price continues trades close to this line, and I think it can reach the resistance line, then bounce of this line and start to decline to support 1. For this reason, I set two targets, the first target located at - 1.2700 and the second at - 1.2575 support level. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
8
EURGBP - Price can break resistance level and continue to growHi guys, this is my overview for EURGBP, feel free to check it and write your feedback in comments👊 A few days ago price tarded inside from flat, where it sometimes fell to support area. After flat, price bounced down and made downward impulse to $0.8570 level, which coincided with support area. Thereby breaking past supports level and area and later British Pound bounced up and tried to rise, but failed and started to decline in falling channel. Inside channel price broke supports level and area and now it trades close it. Maybe British Pound can make correction, bounce up to resistance level, and try to break it. After breakout, price can continue to rise to $0.8590 resistance line of falling channel. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
12
GBPCAD: In neutral zone. Engage only on those levels.GBPCAD got rejected on a LH trend line of a short term Channel Down pattern inside a wider, long term Channel Up. As the 1D technicals are borderline green (RSI = 56.107, MACD = 0.0002, ADX = 32.690), we will proceed with a buy position only if the price closes the candle over the LH and target the Resistance (TP = 1.71415) and similarly sell only under the 1D MA100 and the dotted line and target the 1D MA200 (TP = 1.6500). Observe the RSI's top to book profit earlier if needed. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
by InvestingScope
1