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Britishpound

EURGBP Excellent buy opportunityEURGBP is rebounding after hitting Support (1) which was last touched on December 13th 2022. This is a short-term buy opportunity but the long term trend remains bearish, not only due to the Falling Resistance since February but also 3rd but also due to the formation of a Death Cross (1d), the first since Jnuary 21 2021. Trading Plan: 1. Buy on the current market price. Targets: 1. 0.87150 (Resistance 1) and estimated contact with the MA50 (1d). Tips: 1. The RSI (1d) is trading under a Falling Resistance, same as February through March. I made a reversal after touching the oversold level of 30.00. This is a strong additionl reason to buy on the short term. Please like, follow and comment!! Notes: Past trading plan:
Long
by TradingBrokersView
9
HelenP. I GBPUSD may break support level and continue to fallHi folks today I'm prepared for you BRITISH POUND analytics. The price tested resistance 1.2545 rebounded and started falling. The British Pound tried to break through the level of 1.2445, but failed to fix below, and only after a deep upward correction the price broke through support and fell. For a long time, the price traded below the current resistance of 1.2445 and after making a deep upward correction, the price re-tested the trendline and continued to fall. Subsequently, the British Pound to decline to mark 1.2310 and formed a support zone, which was re-tested and started a local uptrend. The price went up to the current resistance, retested it, and bounced. After a deep downward correction, the British Pound continued the local uptrend, broke through the trend line and the level of 1.2445 and continued to grow. Recently, the price re-tested the resistance at level 1.2545 and began to fall. The British Pound is currently at level 1.2445 and may break through it and continue its decline. I hope that the price may continue the local downtrend, so the goals will be set at levels 1.2400 and 1.23600 which corresponds trend line. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
8
British Pound make deep correction and can continue move upHello traders, I want share with you my opinion about British Pound. Looking at the chart, we can see how the price formed the seller zone 1.2645-1.2670, retested it, and began a downward movement. The British Pound broke through the level 1.2540, declined and after testing the support level 1.2445 made a correction upwards. The price retested the current resistance level, continued to move down, and broke through the support level. Subsequently, the British Pound reached the level 1.2305, changed direction and began to rise. The price retested the resistance line and continued to rise. After a slight downward correction, the British Pound break through the level 1.2445, created an upward impulse and rose to the resistance level. Not long ago, the price retested the resistance level and dropped to the support level. Now the price is testing the support level and may continue to rise. I think the British Pound has made a deep downward correction and can now continue an upward move. In this case, I decided to set the targets at level 1.2480 and at level 1.2540. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
7
EURGBP Forming the first 1D Death Cross since January 2021!The EURGBP pair is completing today the first Death Cross on the 1D time-frame since January 21 2021. That is a strong long-term bearish signal on its own. On the short-term though, the price just hit the bottom of its 5 month Channel Down, while the 1D RSI, which is also on a Channel Down, hit its own bottom while turning oversold (below 30.00) for the first time since March 10 2021. As a result, we've opened a buy on EURGBP, expecting a +1.69% rise, targeting the top of the Channel Down at 0.87150. If however the price closes below Support 1 (0.85475), then the selling pressure due to the 1D Death Cross will most likely pile up and we will turn bearish instead, targeting Support 2 (0.84100). The R/R ratio on this action plan is very favorable. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
5
GBPJPY approaching the most optimal sell level.The GBPJPY pair is approaching the Inner Higher Highs trend-line that is in effect for more than a year (since April 20 2022) on a similar Channel Up (green) like the ones of October 2022 and March - April 2022. The 1D RSI is almost overbought, and the 1D MA50 (blue trend-line) has been supporting since March 28. We are starting a sell sequence with the 1D MA200 (orange trend-line) as our medium-term target with a projected contact at 166.500. Notice how common it is for the pair to peak when the 1D RSI double tops. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
7
British pound trades in wedge and can rose to resistance lineHello traders, I want share with you my opinion about GBP/USD. Looking at the chart, we can see how the price formed the seller zone 1.2275-1.2310 and continued to move up. The British Pound reached the level 1.2540, made a deep correction, continued to rise and broke through it. Subsequently, the price rose to the level 1.2680, from where it began a downward movement. The British Pound continued to decline and eventually created a downward wedge. For a long time, the price has been trading inside the wedge and not so long ago retested the resistance line and continued to decline. The British Pound went down, retested the support line of the wedge and, after a small upward correction, made a fake breakout support and retested the buyer zone. The price returned to the within of the wedge and began to rise. Now the price is below the resistance line, but can continue to rise and break through it. I think the downward movement can continue, but first the price can make an upward correction. In this case, I set the target at level 1.2400, which coincides with the resistance line of wedge. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
4
EURGBP: Near its bottom. Long term Buy.EURGBP is consolidating under the 1D MA200 for the 11th consecutive day which keeps the 1D time-frame near neutrality, despite the marginally red technical indicators (RSI = 43.260, MACD = -0.003, ADX = 36.781). This is a standard bottom formation and since the 1D RSI is rising after hitting the Channel's bottom, the signal gets stronger. The standard rally inside this Channel Up that extends for more than 1 year, is +5.00%. We are extending our downside tolerance, assuming a potential bottom on the HL of the Channel Up, so taking a +5.00% rise from there gives us a bullish Target marginally over the 0.618 Fibonacci level. Our TP is 0.90200. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
6
GBPUSD Below the 1D MA50, expecting more selling.The GBPUSD pair hit our upside target (1.2650) and May 27 2022 High on our last buy signal (see chart below) almost 2 months ago: The price is now on the 1D MA50 (blue trend-line), having closed a candle below it yesterday for the first time since March 16. This is a bearish continuation signal that is targeting the 1D MA200 (orange trend-line) yet again. Our target is at 1.2100. The 1D RSI can provide additional insight on a potential new buy entry at the bottom. If however the price closes above the 1D MA50 instead on two straight 1D candles at least, then hedge the position with a buy targeting the June 01 2021 Lower Highs again. If the pair closes a 1D candle above that level, it will be the first time to do so in years, and will be a major buy signal. In that case we will buy and target the 1W MA200 (red trend-line) at 1.2850. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
10
GBPJPY: Technical sell signal to the 1D MA50.GBPJPY got rejected on R1, making so far a Double Top with the October 31st 2022 High pausing a rally that has started at the beginning of the year. As the 1D technicals show (RSI = 62.785, MACD = 1.330, ADX = 28.382) the trend hasn't changed, technically it does only with a candle under the 1D MA200. But every such HH rejection always tests the 1D MA50. Based on this we are selling on the short-term, TP = 167.500. 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
5
British Pound can continue to decline and break support levelHello traders, I want share with you my opinion about British Pound. Looking at the chart, we can see how the price fluctuated between the resistance level 1.2535 and the buyer zone 1.2370-1.2345 for some time. After the last retest of the buyer zone, the British Pound began an upward movement, broke through the resistance level 1.2445 and continued to grow. The price break the level of 1.2535 and rose to the level of 1.2675, where it formed a resistance area. After retesting the resistance area, the British Pound began to fall. We see that the price did not update the previous high, continued the decline and break of structure (BoS), updating the low. The British Pound changed of character (CHoCH) of the movement, updating the next low and continued fall and broke through the current support level of 1.2535. The price made a small correction and after a retest of the resistance level continued to decline, proof of the downward structure (PoS) and reached the level of 1.2445. Not long ago, the British Pound made a deep correction to the increase, re-tested the resistance level and continued to decline. Now the price is trading under the resistance level and can continue the downward movement. I think the price can break through the support level and continue to fall. In this case, I decided to set two goals, at level 1.2445 and in zone 1.2370-1.2345. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
5
GBPNZD: Rebound on the 1D MA50 bullish unless Megaphone breaks.GBPNZD is rebounding on the 1D MA50, at the bottom of the thee month Rising Megaphone pattern. That is a bullish signal, which is further empowered by the neutral 1D technicals (RSI = 53.906, MACD = 0.003, ADX = 31.776) and the fact that the 0.382 Fibonacci level is holding. As long as the price trades inside the Megaphone, we will be long, targeting the 2.0 Fibonacci (TP = 2.09500). If it closes under the Megaphone, we will book the loss and sell in reverse, targeting the 0.618 Fibonacci retracement and 1D MA200 (TP = 1.94500). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
1
HelenP. I GBPUSD after retest support zone start to growHi folks today I'm prepared for you BRITISH POUND analytics. Having broken through the resistance of 1.2350 at the beginning of last month, the price continued the uptrend. After several deep corrections and a re-test support at level 1.2350, the British Pound continued to rise. Above was formed the support zone 1.2455-1.2435, the price re-tested it and continued the uptrend. For a long time, an ascending wedge was created, in which the British Pound traded for some time. After a re-test support of wedge, the price rose to resistance at level 1.2670 and tried to break through it, but failed to gain a foothold, and it began to fall and left the wedge. The British Pound dropped to the support zone, re-tested it and began to move up. Now the price is trading above the support zone and may continue to rise. Perhaps the price has made a deep correction and may continue the uptrend. Therefore, goals will be set at levels 1.2525 and 1.2600. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
9
GBPNZD Best trading plan for the time beingThe GBPNZD pair has given us a wonderful buy signal last time we looked at it (January 26) as the analysis below shows, hitting our 2.000 target: The price is now on the 1D MA50 (blue trend-line) and is a critical level as its closing will decide the short-term trend. If this 1D candle closes below it, we will sell and target the 1D MA200 (orange trend-line) at 1.95000. If it closes above it, we expect a rebound to 2.05000 (below the Resistance). As you see, we have spotted an identical pattern in 2019, which was what helped us take the strong buy in January. The RSI sequences are also identical ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
5
GBPJPY Sell Signal, top of the Megaphone.The GBPJPY pair was rejected on May 2nd on Resistance (1), a level holding since October 31st 2022. The pattern is a Rising Megaphone and the rejection was on its top, indicating a significant downside potential. Trading Plan: 1. Sell on the current market price. Targets: 1. 164.500 (the MA200 (1d)). Tips: 1. RSI (1d) being under its MA line is an early bearish signal, same as in March. Please like, follow and comment!! Notes: Past trading plan:
Short
by TradingBrokersView
13
HelenP. I GBPUSD may break support of wedge and to declineHi folks today I'm prepared for you BRITISH POUND analytics. At the end of April, the British Pound re-tested the support zone 1.2310-1.2280 and continued the uptrend. The price made a deep correction, continued to rise and reached resistance at level 1.2525. For a long time, the British Pound traded below resistance, after which it continued to rise and broke through the level of 1.2525. For some time, an ascending wedge was created, inside which the price is now traded. The British Pound rose to a resistance level of 1.2665, which corresponds to the resistance of the wedge, and after a re-test start to decline. Recently, the price tested support of wedge, bounce off, and made an upward correction. It seems to me that the price has started a local downtrend and may continue to fall and leave the wedge. The price is currently traded over a support of wedge and may continue to decline and break through it. Therefore, goals for the British Pound will be set at levels of 1.2570 and 1.2525. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
3