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Britishpound

HelenP. I British Pound can rebound up from support levelHi folks today I'm prepared for you British Pound analytics. A few time ago price rose to the 1.2620 support level, which coincided with the support zone, but at once rebounded and in a short time declined to the trend line. After this, the price rebounded from this line, started to trades in a triangle, and made a strong impulse up to the 1.2785 resistance level, which coincided with the resistance zone, thereby breaking the 1.2620 support level. Then GBP bounced from the resistance level and made a correction to the support level, which coincided at moments with the trend line, after which the price rebounded and rose until to resistance zone. But soon, GBP fell back to the trend line, making a fake breakout of 1.2785 level and even recently broke this line, thereby exiting from the triangle pattern and declining to the support level, where it continues to trades near now. For my mind, the British Pound will decline to the 1.2620 level, rebound, and start to move up. That's why I set my target at the 1.2725 level. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
2
GBPAUD Bullish reversal emergingThis is an update on the GBPAUD pair regarding our November 19 analysis (see chart below) where we called for a sell at the top of the Channel Down: As you see the price action responded with a respectable decline that hasn't yet reached our 1.8300 Target and most likely this is due to the shift of the Channel Down a little upwards. This diverging Channel Down appears to have reached its bottom so it is best to book the profit on the sell. The 1D MACD is about to form a Bullish Cross and the last such pattern emerged on October 04, four days after the previous Lower Low. As a result we are switching to a buy now with a modest short-term target at the top of the main Channel Down at 1.90000. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
GBPUSD Triple parameter sell signal.GBPUSD has been rising since the 'Rare extreme oversold' condition on the RSI (1d) based on our last buy signal and now it reached the middle of the long term Channel Up. By doing so, it has almost risen by +6.75%, the growth range of the last bullish sequence. At the same time, this is the top of an emerging Channel Down. Trading Plan: 1. Sell on the current market price as we have a Triple Sell Condition. Targets: 1. 1.2075 (Support Zone (1) and 0.382 Fibonacci level). Tips: 1. The RSI (1d) has started a Bearish Divergence since November 28th. An additional strong sell signal. Please like, follow and comment!!
Short
by TradingBrokersView
GBPUSD - Price can break resistance line, exiting from triangleHi guys, this is my overview for GBPUSD, feel free to check it and write your feedback in comments👊 Recently price started to decline in falling channel, where it fell to support area, which coincided with $1.2530 support level. After this, GBP bounced from this area and made strong upward impulse, thereby exiting from channel. Also then, price entered to triangle, where it reached resistance line, but soon declined below, making a fake breakout of $1.2730 level. British Pound declined to support line, after which it bounced back, and at the moment price trades close to resistance line of triangle. Possibly, price can break this line, thereby exiting from triangle and then GBP will make retest, after which it continue to rise to $1.2830 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
1
British Pound can make one more movement down and then bounce upHello traders, I want share with you my opinion about British Pound. Observing the chart, we can see that the price a few days ago started to trades in the range, where it first declined below the 0.8700 level, which coincided with the seller zone and bottom part of the range, but soon backed up, making a fake breakout. After this, the price rose to the top part of the range, bounced and in a short time EURGBP declined below the 0.8700 level again and even soon exited the range. Then the price fell lower than the support level, which coincided with the buyer zone, and later around up and started to rise inside the upward channel. In the channel, the price rose higher than the 0.8580 level and a few moments later reached the resistance line of the channel, which coincided with the seller zone. But not a long time ago, the British Pound rolled down and now it continues to fall. So, possibly price can decline a little more and then rebound up to the resistance level, which coincides with the resistance line of the channel. For this case, I set my target at this level - 0.8700. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
⚠️GBPUSD will Fall by Double Top Pattern⚠️🏃‍♂️ GBPUSD is moving inside a 🔴 Heavy Resistance zone($1.2670-$1.2410) 🔴 and Ascending Channel . 💡We saw two Bull Traps over the 🔴 Heavy Resistance zone($1.2670-$1.2410) 🔴. 💡Also, these two Bull Traps formed a Double Top Pattern . 🔔I expect GBPUSD to at least drop to the lower line of the ascending channel after the pull back is completed. British Pound/ U.S.Dollar Analyze ( GBPUSD ), 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
1
Brishtish Pound Will remain Strong?[ Short-term]Previously, I published an early call for FX:GBPUSD buy when the Pound showed early signs of strength. (Unfortunately, I cannot send a chart snapshot of that post here because the old account has been suspended.) Everything is still going well with the British Pound. If you have held the position since then, rest assured. WHAT A WISE TRADER DO? If you're holding a Buy: Move the stop loss to a safe point to preserve profits. If you're holding a Sell: There is a high chance it's just a correction wave, so set your stop loss tight. If you haven't done anything yet: Observe lines on the chart and focus on the bull direction. Be patient until it breaks. Don't rush .
Long
by AnalystLyn
6
GBPJPY Strong rally if the MA50 (1d) breaks.GBPJPY is trading inside a Bullish Megaphone pattern with the price testing now for the 2nd time the MA50 (1d). This test is coming only 3 days after the price hit the bottom of the Megaphone. The previous bottom formations have been very similar to the current pattern. Trading Plan: 1. Buy when the pair closes a (1d) candle above the MA50 (1d). Targets: 1. 190.000 (Fibonacci 1.236 extension). Tips: 1. The RSI (1d) has made a Double Bottom formation over the oversold level of 30.00. Please like, follow and comment!! Notes: Past trading plan:
Long
by TradingBrokersView
EURGBP - Price can bounce up from support level to $0.8670Hi guys, this is my overview for EURGBP, feel free to check it and write your feedback in comments👊 Some time ago price started to move up in rising channel, where it first fell to support line and then made upward impulse. GBP broke resistance level, which coincided with resistance area, and soon broke resistance line, but later fell back. A few moments ago price reapeted a fake breakout from this line again, after which continued to rise in channel. Later, EURGBP bounced of resistance line and made strong downward impulse, thereby breaking $0.8690 and $0.8600 levels. Recently it started to grow in one more rising channel, where price continues to trades to this day. I think British Pound can correct to support level and then bounce to $0.8670 resistance line of channel. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
3
HelenP. I British Pound can break support level and make retestHi folks today I'm prepared for you British Pound analytics. Some time ago price declined lower than support 2, which coincided with the support zone, but soon it around up and rose back. Then the price a little rose more and later made a correction to support 2. After this, GBP made impulse up to support 1, which coincided with the resistance zone and even grew higher. But soon, the price started to decline in a downward channel, where it fell lower than support 1 to the support line of the channel. A few moments ago, the British Pound rebounded from the support line and made a strong impulse up to 1.2790 points, thereby breaking support 1 and exiting from the downward channel. But a not long time ago price corrected to support 1 and now it trades in the resistance zone. For my mind, the British Pound can break the support level and then make a retest. After which the price can continue to decline, therefore I set up my target at the 1.2550 level. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
2
EURGBP: Testing the 1D MA100 inside diverging Channels.EURGBP hit today the 1D MA100 but so far has failed to cross over it. This is keeping the 1D technical outlook neutral (RSI = 45.430, MACD = -0.002, ADX = 43.111) which is usual after a rebound at the bottom of a Channel. On this particular occasion, it is a Channel Up, rebounding after the 1D RSI turned oversold. However since July 20th, the 1D MA100 got tested four times as Resistance and it rejected the price three. Only then it closed a 1D candle over it, did the trend manage to continue rising past it. Consequently, if it closes a candle over the 1D MA50, we will go long and target the R1 level (TP = 0.87650). If rejected, we can see a Channel Down emerging much like last May-July. In that case, we will short and target the S2 level (TP = 0.85000). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
by InvestingScope
EURGBP Consolidating before a sell.The EURGBP pair is on the 6th day of consolidation following the late November sell-off, trading considerably below both the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line). The long-term pattern that has been more established since the February 03 High is a Channel Down and it appears that this is a usual technical consolidation phase before the bearish leg enters its 2nd phase. The 1D RSI got oversold though on December 01 and rebounded back above the 30.00 barrier, which aso explains the consolidation since, but be aware that if the 1D MACD completes a Bullish Cross, it will be time to buy and target the 1D MA50. Until then, we are bearish, aiming for a usual (since June 2022) -4.18% decline from the recent Lower High at 0.8400. ------------------------------------------------------------------------------- ** 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
HelenP. I After breaking trend line, GBP can continue to riseHi folks today I'm prepared for you British Pound analytics. A short time ago price declined to resistance 1, but at once rebounded and started to move up to resistance 2, which coincided with the resistance zone. EURGBP at once rebounded from this level and fell below, but soon it bounced back and even entered to resistance zone, where it reached the trend line. After this, the price started to decline and in a short time, it broke resistance 2 and fell to resistance 1 level. Later British Pound broke this level too and declined to the 0.8555 support level, which coincided with the support zone. But a not long time ago it rebounded from this level to the trend line and broke it. Now price trades near the support zone and I expect that the British Pound can make a retest of the trend line and then rebound up. That's why I set up my target at the 0.8620 level. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
2
GBPJPY: Strong 1D MA200 buy opportunity.GBPJPY remains bearish on the 1D timeframe (RSI = 34.266, MACD = -0.180, ADX = 42.349) despite today's rebound following yesterday's bottom near the S1 level. The key here is that this bottom was made very close to the 1D MA200, which hasn't been crossed since April 6th. The 1D RSI almost got oversold for a moment (near 30.000) yesterday, so all indicators point towards a rebound. We are bullish, targeting 188.00. If we get a 1D candle closing over the R1 level (188.660), we will rebuy and aim foe the HH trendline (TP = 190.000). See how our prior idea has worked: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
1
British Pound can exit from pennant and then around up to 1.2700Hello traders, I want share with you my opinion about British Pound. By observing the chart, we can see that the price a few days ago started to rise in an upward channel, where it first declined to the buyer zone, which coincided with the 1.2125 support level. After this, GBP bounced from this zone and rose to the resistance line of the channel, and after it reached this line it rebounded and fell to the 1.2125 level. Price some time traded near this level fell to the buyer zone and then made impulse up to the resistance line of the channel. Then GBP made a little correction to support line of the pennant and then started to rise. British Pound in a short time rose to the current support level, which coincided with the support area, thereby exiting from the channel. Then the price a little corrected and rose until to resistance line of the pennant, breaking the 1.2500 level. But a not long time ago it fell to the support line, where it continues to trade now. For this reason, I think that the British Pound can break the support line, thereby exiting from the pennant. Next, the price fall to the support area and then starts to rise. Therefore I set my target at 1.2700. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
5
GBPUSD: Sell opportunity under this Channel Up.GBPUSD has been caught up between two long term patterns, a Channel Up since December 2022 and then a Channel Down that emerged after the July 14th 2023 High. Right now it is on the rising wave (dashed Channel Up) of the Channel Down and on the November 29th High got overbought on its RSI (now balanced with RSI = 58.041, MACD = 0.009, ADX = 28.423). Our intention is to get on a validated short if the price crosses under the Channel Up and target the S1 level (TP = 1.2200). This setup will be invalidated if the price crosses over the R1 level. See how our prior idea has worked: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
GBPCAD can go 🚀UP🚀 to next 🔴Resistance zone🔴🏃‍♂️ GBPCAD has been moving in the Ascending Channel for more than two months and it seems that it can maintain this trend in the ascending channel in the coming weeks. 🏃‍♂️ GBPCAD is currently moving near the 🟢 Support zone(1.712 CAD-1.700 CAD) 🟢 and the lower line of the ascending channel. 🌊In terms of Elliott wave theory , GBPCAD seems to have succeeded in completing the main wave 4 near the lower line of the ascending channel. 🔔I expect GBPCAD to go up to at least the 🔴Resistance zone(1.738 CAD-1.728 CAD)🔴 to complete the main wave 5 . British Pound/Canadian Dollar ( GBPCAD ) 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.
Long
by pejman_zwin
3