GBPUSDGBPUSD at resistance if can't break can drop to support area's 1.25468 - 1.24428
if can break resistance can rise to next resistance at 1.27002 - 1.29884
Pound
GBPNZD: Multiple Time Frame Analysis & Trading Plan 🇬🇧🇳🇿
GBPNZD is trading in a bullish trend.
After the price set a new higher high on a daily, it retraced to a rising trend line.
Approaching that, the pair formed an inverted h&s pattern on 1H time frame.
Its neckline was broken then.
I expect a bullish continuation.
Goals: 2.1045 / 2.02
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Gbp/Jpy weekly forecast Hello traders i like to trade this currency pairs on a bigger time frame to catch massive pips .gbpjpy is setting for nice sell movement as you can see we have a confirmed trendline we mix it up with zone to have confluence this is a nice setup wait for 4 hr candle to close to confirm gbpjpy want to sell let me know what you think in the comment
Gbpusd weekly forecast Hello traders Gbpusd is in a key zone to break it to reverse from it so i tried to look what dxy is doing and it has high probable we might see higher prices that will result in lower prices on the pound as long as we wait the breakout it will show us the direction make sure to mark up your false zone when you are trading breakouts to identify eerily reversals
GBPNZD: Top-Down Analysis & Trading Plan 🇬🇧🇳🇿
Multiple time frames analysis for GBPNZD.
Key levels, price action & trading plan.
Potential scenarios & thoughts.
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CHFGBP Short Positionhi
CHFGBP is in supply area and ready for fall
Entry:0.9044
SL:0.9067
TP:0.8680
RR=1:6
GBPUSDGBPUSD
tested resistance if can't break can drop to support at 1.25210 - 1.24962 - 1.24428
if can break resistance at 1.25880 can rise to
next resistance at 1.26518
GBPUSDGBPUSD at support
.........
if can't break support will drop to next support
1.23999 - 1.23523 - 1.22762
.........
if can break can rise to resisitance
1.25409 - 1.25750
GBPUSDGBPUSD tested resistance at 1.25883 and can't break now get tested supports at 1.24000 - 1.23500 - 1.22713
if can break trenline easly can drop to 1.22713
GBPUSD 4H AnalysisHey traders, bullish weekly candle and important key level can push the price up further
Pound will fall morenow the GBP is on a channel and it will move higher on the channel..then it will fall to the previous resistance and which will turn support(RBS)
EURGBP: Waiting For Breakout 🇪🇺🇬🇧
I spotted an ascending triangle formation on EURGBP on a daily time frame.
The market is currently stuck between its horizontal neckline and a rising trend line.
Bullish breakout of a trend line (daily candle close) will be a strong bullish signal.
A bullish continuation will be expected to 0.892 level then.
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✅EUR_GBP BEARISH SETUP|SHORT🔥
✅EUR_GBP has retested the
Resistance level of 0.886
And we saw an attempt of
A breakout but the pair
Failed to stay above the level
So the resistance stands
And now we are seeing
Some bearish price action
So I think that the pair
Will retest the target
Of 0.883 below
SHORT🔥
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Gbpusd golden pound setuphello traders we see pound breaking 4hr zone we see also commercials position are in a bear mode .we can clearly see we are making a descending triangle wait for the break and candle close on a 15 min lets make some pips
GBPCAD: Cup & Handle Pattern 🇬🇧🇨🇦
Analyzing a price action on GBPCAD on a daily time frame,
I spotted a perfect example of a Cup & Handle pattern.
The price has already broken and closed above a neckline, confirming the strength of bulls.
I expect a bullish continuation to 1.707 / 1.724
For entries, consider the occasional retest of a broken neckline.
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GBPUSD: Key Levels to Watch This Week 🇬🇧🇺🇸
Here are the important key levels to watch on GBPUSD this week:
Vertical Structures
Vertical Resistance 1: Rising Broken Trend Line
Horizontal Structures
Resistance 1: 1.2522 - 1.255 area
Support1: 1.2345 - 1.238 area
Support 2: 1.2275 - 1.2317 area
Support 3: 1.2178 - 1.2218 area
Consider these structures for a pullback/breakout trading.
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✅GBP_AUD WILL KEEP GROWING|LONG🚀
✅GBP_AUD is going up now
And the pair broke out of the
Local range so I am now
Bullish biased and I think
That the pair will go further up
LONG🚀
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GBPCAD: Overbought Market & Local Short 🇬🇧🇨🇦
GBPCAD looks overbought to me.
The market formed a rising wedge pattern and a double top pattern within that on 1H time frame.
Both the neckline of a double top and a support line of the wedge were broken.
It makes me think that correctional movement is coming on the pair.
Goals: 1.6734 / 1.671
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Time for GBPUSD to give up?I'm short on GBP USD, it's failed to make a new high, failed to break back above the dynamic ascending trendline.
Inflation is still high, despite rate hikes. Economy is in a pickle, with really poor retail data today. UK is the worst performing economy in Europe.
There's RSI divergence. We're on a longer term downward trend so if this is to be broken I think we'll see retracement first.
Conversely there's been a double bottom on DXY, it's due a retracement after 5 weeks of decline.
USD doesn't look great either, but to me it looks better than GBP.
This is why I'm short on cable, with a great R:R.
GBPJPY May Keep Growing! Here is Why: 🇬🇧🇯🇵
GBPJPY is trading in a bullish trend on a daily, perfectly respecting the boundaries of a rising parallel channel.
For some time, the price was respecting a wide horizontal supply area within the channel.
It was finally broken this week.
I believe that it may trigger a bullish continuation on the pair.
Next goal for buyers will be 168.7
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✅GBP_CAD TIME TO SELL|SHORT🔥
✅GBP_CAD is trading in an downtrend
With the pair set to retest
The falling resistance line
From where I think bearish movement will continue
SHORT🔥
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GBPUSD: Waiting for Confirmation of Bearish TrendThe GBPUSD pair has formed a double top pattern, with divergence on momentum indicators, and is now completing a head and shoulders pattern. To confirm the start of a bearish trend, I will wait for the price to break below the neckline at 1.2350. However, I will likely wait for the price to bounce off support levels and re-enter slightly above the neckline (around 1.237), when it has captured some liquidity from traders anticipating a rapid decline, before entering a short position. This will enable me to capture more liquidity at a better price and minimize losses.
When trading, it is important to remember that the majority of traders (90%) lose money. Therefore, one should only sell at the highest possible price and buy at the lowest possible price, even if it means missing out on some opportunities. It is also crucial to avoid placing stop-loss orders in easily accessible locations, as prices often return to areas of liquidity. Finally, instead of chasing prices, one should wait for them to come to their desired conditions.
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