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Britishpound

British Pound can bounce from seller zone and continue to riseHello traders, I want share with you my opinion about British Pound. By observing the chart, we can see that price a few days ago declined to support line of the upward channel, thereby breaking the 1.2500 support level, which coincides with the support area. Inside channel price rebounded from the support line and made impulse up to the resistance line of the channel, thereby breaking the 1.2500 support level again. After the price reached the resistance line, it at once bounced down and made a small correction, and then continued to rise. The British Pound rose higher at the 1.2850 level and the seller zone and even later made a fake breakout, after which bounced down to the support line of the upward channel, breaking of 1.2850 level. But a not long time ago price backed up and now trades inside the seller zone. In my mind, the price can rebound from the seller zone and start to rise to the resistance line of the upward channel. For this reason, I set up two targets, the first target at the 1.3000 level. As well, I think the price, after reaching the first target may continue to grow. Therefore I set up a second target at the 1.3185 level, which coincides with the resistance line of the upward channel. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
4
GBPAUD Buy signal at the bottom of the Channel UpThe GBPAUD pair gave us an excellent buy signal last time we looked at it (see chart below) on May 9: The price remains within the 6 month Channel Up pattern and is currently rising after a Higher Low formation on the 1D MA50 (blue trend-line) early this week. This is a bullish signal, based on which we are targeting the 1.97300 Resistance. That would be a +4.65% rise from the bottom, which as this chart shows, has happened twice. If however the price breaks below the Channel Up, we will open a short when it breaches the 1D MA100 (green trend-line), which is holding as Support since March 03 2023, and target the 0.5 Fibonacci level at 1.83150. That will make also contact with the 1D MA200 (orange trend-line). An early sell signal will be when the 1D RSI breaks below the Higher Lows trend-line that is holding since March 07 2022. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
3
HelenP. I British Pound can continue to move downHi folks today I'm prepared for you British Pound analytics. Some days ago price bounced from the support zone, which coincide with the 1.2660 support level, and rose to 1.2850 point. But soon price started to fall and declined to the trend line, thereby breaking the support level with the support zone. Next, the price rebounded up and made a strong impulse up to the 1.2960 resistance level, which is located in the resistance zone, breaking the support level again. The British Pound rose more and later started to decline and a not long time ago, it fell back to the resistance level and recently declined below it. Also, the price continued to move down and in a short time fell to the trend line and a few time ago broke it and at the moment trades near it. I expect that the British pound can make a little movement up and then continue to fall. Therefore I set up my target at the 1.2750 level. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
7
EURGBP - Price can bounce to resistance line and try to break itHi guys, this is my overview for EURGBP, feel free to check it and write your feedback in comments👊 A few days ago price some time traded near support level, which coincides with support area. And after price declined below theirs, then bounced up, but soon fell back. Next, price made upward impulse to next level, which coincided with resistance area, and then started to fall in falling channel. In channel, British Pound declined below $0.8550 level, but later it made upward impulse to resistance line. Thereby exiting from channel and breaking two levels, now price trades near resistance line in resistance area. British Pound can bounce of support level and start to rise to resistance line, and also, probably price can break this line and continue to move up to $0.8685 level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
6
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