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Britishpound

EURGBP - New Selling Opportunity! Hello Traders ! On The Daily Time Frame The EURGBP Price Reached a Resistance Level ✔ The EURGBP Price Was Trading in a Bullish Structure but The Price Came Under Renewed Selling Pressure 📉 He Failed to Create New Higher High 📈 Currently, The Support Line is Broken🔥 So, I Expect a Bearish Move📉 ---------------- TARGET 1: 0.87920🎯 TARGET 2: 0.87540🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
Short
by Hsan_BenAhmed
1
GBPJPY: Channel Up needing a pull backThe GBPJPY pair has been trading inside a Channel Up pattern for the majority of the year and with the price now on its top, the 1D technicals are naturally bullish (RSI = 65.660, MACD = 1.070, ADX = 50.539). A Golden Cross will be formed by next week and just as the Death Cross was on a bottom on Jan 17th, the Golden Cross can be the Channel's new Higher High and start a pull back to its bottom. Sell as long as the price closes inside the Channel Up and buy near the bottom (TP = 168.000). 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
1
GBPUSD needs a break of at least ➖5%👇GBPUSD seems to have completed its impulse wave 5 🔴resistance zone($ 1.267-$ 1.24) 🔴 so that Regular Divergence(RD-) can be seen between the end of the main wave 3 and the main wave 5. And also, the main wave 3 is Extended. When wave 3 is extended, wave 1 and wave 5 tend towards size equality 100% or 61.8% relation = In this example, exactly 61.8% has been met.✅ Another sign that we can confirm at the end of the main wave 5 is the formation of a Bearish Engulfing candlestick pattern in the resistance zone. In addition, since the DXY index is expected to take an upward trend, then my expectation of GBPUSD falling can be reasonable.👇 So I expect GBPUSD to at least decline(➖5%) to the end of wave 4 (close to the 🟢support zone($ 1.183- $ 1.165)🟢). 🔅British Pound/ U.S.Dollar Analyze ( GBPUSD ), Daily 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
24
Key levels converge for potential GBPUSD buying opportunityThe GBPUSD has reached the upper edge of the upward price channel, showing rejection from above and overbought conditions on momentum indicators. I expect the price to retest the local resistance at 1.23953, which is also where a rising trendline meets a weekly resistance level and the 23.6% Fibonacci level. I will not challenge the trend and will wait for a buying opportunity from those areas. ------------------------------------------------------------------------- Let me know your thoughts in the comments, and show your support by liking the idea. Please follow if you're interested in more ideas like this. Your support is greatly appreciated!
Long
by Candlestick_OB
GBPJPY Last push upwards before strong sell?The GBPJPY pair did give a good rebound and pull-back following our February 03 idea but hasn't yet touched the Symmetrical Support level: However it did manage to form a solid Channel Up, closing above the old Higher Lows trend-line and rebounding on the 1D MA100 (red trend-line). As long as those hold, buy and target 168.000 right below the Symmetrical Resistance Zone. A 1D candle close below the Channel Up, would be a sell signal for us, targeting just above the Symmetrical Support level finally at 156.000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
HelenP. I GBPUSD can break support line and leave channelHi folks today I'm prepared for you BRITISH POUND analytics. The British Pound traded below the level 1.1925 for some time, after which the price changed direction and began to rise. The price continued to rise, created an upward channel, and is now trading inside. After a retest support level of the channel, British Pound continued to move up, broke through resistance at level 1.2435 and fixed higher. The price reached the resistance of the channel, from which it bounced back and began to fall. Recently, the price broke through the current support level and was able to foothold lower. I hope that the price can continue to fall and break through the support of channel. Therefore, targets for the British Pound will be set at levels 1.2385 and 1.2300. If you like my analytics you can support me with your like/comment ❤️
Short
by FirstNameHelen
3
British Pound is trades in channel and can fall to support lineHello traders, I want share with you my opinion about British Pound. Watching the chart, we can see how the price made a fake breakout of the buyer zone, after which it generated an upward impulse and increased to resistance level 1.2425. After a small correction, the price continued to rise and broke through the resistance level. Not so long ago, the price reached the level1.2525, changed its direction, began to decline and created a downward channel and is now trading inside it. We see the British Pound bounce off the support line of channel, rise to the current resistance level and retest it. The price is currently trading below the current resistance level 1.2425 and can continue to fall. I think that on Monday, after the market opens, the British Pound can continue to decline and reach the support line. In this case, I set the target for GBP/USD at level 1.2375, which coincide with the support line o channel. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
8
GBP/USD Get prepared for short positionsHI Dears If you look carefully at the chart of the British Pound (GBP/USD) you will see the bearish scenario. I will tell you the reason by the RTM method. The price made a powerful 4h FTR and also an MPL zone. after that, the price broke the 4H trading range but in fake mud to gather the liquidity that is needed for a powerful downtrend. After that the price starts its downtrend and also the MPL zone is engulfed. so we go back to the base of the POLE. Sincerely Hosein Poursaei
Short
by hosein-9879
3
GBPUSD Crystal clear Channel Up.GBPUSD is pulling back to the MA50 (4h) inside a Channel Up pattern. Every Channel Up Higher Low has been on the MA50 (4h). Trading Plan: 1. Buy when the price hits the MA50 (4h). Targets: 1. 1.2670 (Resistance 1 and May 26th 2022 Top). Tips: 1. The RSI (4h) is inside a Channel Down and every touch on its bottom was a buy entry for the pair. Use it as additional confirmation to enter. 2. Every rebound from the Channel Up bottom has been around +2.75%. As a result we can see the price rise a little higher than our suggested target, but we believe the long term Resistance affects the trend more. Please like, follow and comment!!
Long
by TradingBrokersView
6
GBPUSD Making a bullish break-outThe GBPUSD pair eventually rebounded and hit the Double Top Resistance, which was our Target as presented on our February 28 analysis: At the moment the price is above that level (1.2450) and as long as it closes above it, we will be targeting 1.2650 on the May 27 2022 High Resistance. A closing below 1.2450 could set this rise back to the 1D MA50 (blue trend-line) until the 1D RSI turns neutral around 50.00 again and attracts buyers. Note that there is an important long-term Resistance Cluster ahead as besides the 1.2665 Resistance (May 27 High), we have the June 01 2021 Lower Highs trend-line. A break above the 1W MA200 (red trend-line) places GBPUSD back into long-term bullish territory on the 1W time-frame. ------------------------------------------------------------------------------- ** 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
3
British Pound has left the triangle and can continue to growHello traders, I want share with you my opinion about British Pound. When observing the British Pound, we see how the price formed the buyer zone 1.2010-1.2035 which it was re-tested and began to rise. We can see the price break through the resistance level 1.2180, continue to grow and create an upward triangle. Not so long ago, the price broke through the resistance area, left the triangle and increased. We also see that after the test of area1.2400-1.2425, the price bounced back and fell to the current support area and re-tested it. Now the price is trading above the support area and can continue to grow. I think that British Pound can break through the resistance zone and continue to move up. In this case, I set the goals for GBP/USD at level 1.2400 and 1.2450. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
8
HelenP. I GBPUSD can continue to rise and reach resistance zoneHi folks today I'm prepared for you BRITISH POUND analytics. After the recent breakdown of the resistance line of the channel, the British Pound made a small correction and continued to grow. The price continued to rise and tried to break through the resistance at level 1.2300, but could not gain a foothold above and fell to the trend line. Re-tested the trend line, the British Pound continued to move uphill, broke through the resistance level and entrenched over it. Currently, the price has tested current support that coincide with the trend line and has risen. It seems to me that the British Pound can continue to move up and reach the resistance zone. Therefore, the target will be set at 1.2450. If you like my analytics you can support me with your like/comment ❤️
Long
by FirstNameHelen
3
GBPUSD: short if Neckline is BrokenThe GBP/USD has broken the weekly downtrend but faced support at the 1.215 level, which is also the 23.60 Fibonacci level. I expect the price to retest the previous resistance level around 1.228 to form a head and shoulders pattern before reversing down to attempt to break the neckline at 1.220. This would be a signal to enter a bearish trade with a target of at least 1.214. ------------------------------------------------------------------------- Let me know your thoughts in the comments, and show your support by liking the idea. Please follow if you're interested in more ideas like this. Your support is greatly appreciated!
Short
by Candlestick_OB
2
GBPCAD MASSIVE BEARISH MOVE TO 1.40500GBPCAD have been on a bullish move since last year, and currently is on a bullish continuation pattern, which indicates that price might go bullish for a while again. Now let's have a strong look to the long wick we can see below, that's huge liquidity and is expected to be taken. So how do price get to that zone? It first have to go bullish and hit the resistance zone or the point of 1.68400 before it sells massively, we still have time for that to happen. I will keep you updated on this. Meanwhile, i will love the support I have been having, I appreciate a lot. For me to feel more happy a share and a follow will be appreciated. Have a nice week. Thank you.
Short
by Superstarsony_05
2
GBPUSD road to 1.36 [BULLISH LONG TERM]Economic data: The UK has been releasing positive economic data lately, including an unchanged/lower unemployment rate, an increase in retail sales, and better-than-expected GDP growth. This has helped boost confidence in the UK economy and its currency. Brexit: The uncertainty surrounding Brexit has largely dissipated, as the UK and EU have agreed on a trade deal. This has helped ease concerns about the impact of Brexit on the UK economy and the pound. US political uncertainty: The US has been experiencing political turmoil this has led to concerns about the stability of the US government and its currency. Overall, these factors suggest that the GBP/USD pair could continue to show strength in the near term. However, it's important to note that currency markets can be unpredictable, and there are always risks and uncertainties to consider when trading.
Long
by CryptoGao1
Resistance at 1.2200 for GBPUSDThe GBPUSD rebounded from the buying zone i identified in my previous analysis, but it is now consolidating just below the 1.2200 resistance level. The second wave has less momentum than the first, indicating divergence on momentum indicators. If the price fails to break above the level and forms reversal candles, this could signal a double top pattern. However, if the level is broken, it may be a bullish entry signal with a target of at least 1.22750. ------------------------------------------------------------------------- Let me know your thoughts in the comments, and show your support by liking the idea. Please follow if you're interested in more ideas like this. Your support is greatly appreciated!
by Candlestick_OB
1