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Sterling

GBP/AUD 4H Chart: Large Triangle - Small MovesRecently the Pound reversed its direction against the Australian Dollar and formed a medium term channel patter, which just recently did something that was largely unexpected. The pair has revealed a large scale triangle pattern by breaking a medium term ascending channel pattern, which was expected to represent one of the many rates rather long term ascends. If one zooms out the pair’s chart, the situation is more easy to understand. In regards to the short term, the pair is likely going to decline down to a strong support cluster near the 1.67 mark.
by UnknownUnicorn890690
GBPUSD - 1D - MACD EMA's Getting Are Too SteepIf you like this idea leave a like and follow me to get all of my updates :) I would love to talk to you so send me a message or comment! Underlying: GBPUSD Time frame: 1D the MACD on the chart is very unusual.. When you look at th etwo EMA's on it, you will see it is declining steeply. This is not sustainable!! When they decline so fast you will normally see an increase in price as the two EMA's need to snap back to "normal" or the mean. Because of this, our pink trading zone is looking like a good time to buy right here. If you want to place a stop loss you can place it below the pink trading range however I will be staying long for some time on this currency pair.
Long
by SocialTrading
6
GBPAUD - 1D - Range Breakout and Bull Run?If you like this idea leave a like and follow me to get all of my updates :) I would love to talk to you so send me a message or comment! Underlying: GBPAUD Time frame: 1D First of all, the break out, You will see that GBPAUD was hitting support each time and bouncing. We then got a break out of the wedge in the last two weeks and a significant move away from it. You will see that the 50MA (red) is about to come and cross back above the 200MA (blue) which indicates a move higher. If you look down to the MACD you will also see it has now crossed over well above the centre line and will stay here for the next week or so before making another move. I am buying this pair until it hits the first target which is previous support and resistance.
Long
by SocialTrading
1
EURGBP - 1D Has It Found Support?If you like this idea leave a like and follow me to get all of my updates :) I would love to talk to you so send me a message or comment! Underlying: EURGBP Time frame: 1D EURGBP is now starting to find some nice support, this coincides with previous resistance and support. If you look at the Fibonacci retracement tool you will also see price hit the .5 retracement level and then begun to bounce. Looking for a confirmation on the MACD now, I.e. we need it to cross the centre line to start being more bullish). Target is going to be a moving target (red line). This red line will move with the top bollinger band so it will need updating each day.
Long
by SocialTrading
6
GBPUSD - 1D - GBPUSD Just Entered Our Buy Zone!If you like this idea leave a like and follow me to get all of my updates :) I would love to talk to you so send me a message or comment! Underlying: GBPUSD Time frame: 1D GREAT! GBPUSD just entered our zone to buy! I will be taking a small buy position. I do expect price to hover around in the zone but want to get a small position now just in case it decides to reverse quicker than expected. Targets are a bit of a difficult one however I will update once it has begun to turn around :) Although the MACD has crossed over recently it is trading well above that centre line and would need a large decline to get back under it, so this is not a concern as of yet.
by SocialTrading
3
Gbp/JpyHello traders Gbp/Jpy has formed bullish falling wedge and nice opportunity will come in close proximity of support and resistance line line of the wedge, where price will either rebound or break Currently on 4H scale, we have shooting star on last candle indicating bearish momentum - it will require careful monitoring near support line We might be retesting broken support line within the wedge that now acts as resistance As of this moment, I am in this trade Take care
Short
by Chuck-Norris
GBPUSD - 1D - Post Before Week Starts - Reversal ZoneIf you like this idea leave a like and follow me to get all of my updates :) I would love to talk to you so send me a message or comment! Underlying: GBPUSD Time frame: 1D I wanted to get this out before the week starts again. The pink zone is where I am looking at for a potential reversal zone. The MACD EMA's are trading significantly above the centre line which is fine, although they have crossed previous observations shows that a large down move will NOT happen yet. With that said I am looking at the Bollinger Bands again to identify when another chance comes to buy. Currently we are just above the middle of the Bollinger Band, when it starts to trade below that line (shown in brown) you can look to take a buy position. I will update the idea to tell people once I have bought.
by SocialTrading
3
GBPJPY - 1D - Last Push Up?If you like this idea leave a like and follow me to get all of my updates :) I would love to talk to you so send me a message! Underlying: GBPJPY Time frame: 1D I have kept people up to date with this chart over the last week or so. GBPJPY is possibly going to have one more leg up into the pink trading zone. When price reaches that zone I will look to take a small short or update the chart with better resistance levels. It has already acted as resistance once (chart shown below). Also note the MACD on the chart, it has not yet crossed, it will have another move up to close the distance between the two EMA's, then cross over. Wait until it is in the pink trading zone!
by SocialTrading
5
GBPUSD - 1D - ChannelIf you like this idea leave a like and follow me to get all of my updates :) I would love to talk to you so send me a message! Underlying: GBPUSD Time frame: 1D Looking at GBPUSD you can see it was in a wide, inclining range (shown with the orange trend lines). Price broke out to the upside and is now retesting it. This falls in line with the saying past resistance becomes future support and vice versa. If we come back into the old channel then price is likely to start trading within the pink zone which I have established as a zone to get long (take a buy position). Again I will not be buying until the price hits the pink trading zone. This also lines up with the 50 Moving Average (red line) which will provide another form of support to this pair.
by SocialTrading
12
GBPJPY - 1D - Resistance MetIf you like this idea and commentary leave a like and follow me to get all of my updates :) Underlying: GBPJPY Time frame: 1D A few days ago I posted about GBPJPY about to hit a resistance level, this level has now been hit and price was rejected quite hard. What concerns me is that the MACD indicator has still not crossed or in a declining trend, because of this I am not fully committing to my trade. I am expecting some form of retest of the pink trading zone so if you missed out you can enter a short trade from 152.70 - 154.70.
by SocialTrading
3