EURGBP - Bearish Rising Wedge 📉Hello Traders👋🏻
The EURGBP Price Reached a Supply Zone (0.88499-0.88656) ✔
The Price Failed To Create New Higher High 📈
Currently, EURGBP formed a Bearish Rising Wedge ✔
The Support Line is Broken 🔥
If Price Stays Under The Key Zone, EURGBP Can Continue The Bearish Move 📉
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TARGET: 0.87570🎯
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Britishpound
HelenP. I GBPUSD after retest support may continue to move upHi folks today I'm prepared for you BRITISH POUND analytics. At the beginning of the month, the British Pound re-tested the support zone 1.2300-1.2275 and continued the uptrend. The price formed a large upward impulse and almost reached resistance at level1.2545. The British Pound made a profound correction, continued to grow, and tested resistance. Then the price fell to the trend line from which started to grow and created an upward channel in which it trades for a long time. The British Pound rose to resistance of channel, rebounded and fell to the trend line. The price began to rise, broke through the resistance of the channel and the level of 1.2545 and continued to move. The British Pound is currently trading above current support, but could to decline and test it. I hope that the uptrend may continue, so the target for the British Pound will be set at level 1.2600. If you like my analytics you may support me with your like/comment ❤️
GBPUSD bounced from resistance of channel and can to declineHello traders, I want share with you my opinion about British Pound. Watching the chart, we can see how the price after a rebound from the level 1.2010 began an upward movement. The British Pound broke through the resistance area 1.2265-1.2285 and continued to rise. We see how the price, after a small correction and test of the current support area, continued to move. Over time, the British Pound created an upward channel and is now trading inside. After the retest of the support line of channel, the price continued to rise and reached the resistance line. The British Pound bounced off the resistance line of channel and went down. On Monday, after the opening of the market, the price can continue to decline. I think the upward movement can was continued, but first the British Pound can make a small downward correction. So the target I decided to set at level 1.2485. Please share this idea with your friends and click Boost 🚀
GBPCAD - NEW BREAKOUT 📈Hello Traders 💖
On The Daily Time Frame The GBPCAD Broke The Major Key Level (Support Becomes Resistance Level)
and he Broke The Resistance Line ✔
Currently, The Price is testing 1.68195-1.68603 Support Level for Creating a new Higher Low 📈
If Price Stays Above The Key Zone, GBPCAD Can Continue The Bullish Move 📈
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TARGET 1: 1.69930🎯
TARGET 2: 1.71650🎯
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EURGBP Near a buy break-out signalThe EURGBP pair is testing the top (Lower Highs trend-line) of a short-term Channel Down inside a 1 year Channel Up pattern. The previous two such patterns gave a buy signal when a 1D candle close above them. If that happens, we will buy and target Resistance 1 (0.89800). Our trading plan involves selling at the top of the Channel Up (Higher Highs trend-line) if a 1D candle closes below it and target 0.88000 (the 1D MA200) and buy if a 1D candle closes above it (target Resistance 2 at 0.92800).
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EURGBP: Preparing a strong rebound.The EURGBP pair is currently on the 1D MA50, trading inside a long term Channel Up for more than 1 year. The 1D technicals are neutral (RSi = 51.179, MACD = 0.000, ADX = 27.770) meaning that this level is gradually turning into a buy opportunity inside the Channel Up. Every rally made at least a 5.00% rise, so we are targeting the top of the Channel (TP = 0.91250).
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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📉
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TARGET 1: 0.87920🎯
TARGET 2: 0.87540🎯
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GBPJPY - New Breakout !!HELLO TRADERS 💖
On The Daily Time Frame TheGBPJPY Price Reached a Key Level !
Currently, The Resistance Level is Broken and becomes a New Support Level 🔥
so, I Expect a Bullish Move to 167.321🎯
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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).
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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.
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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.
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GBPAUD Buy the next pullback.The GBPAUD pair is on overbought 1D technicals (RSI = 70.497, MACD = 0.019, ADX = 49.220) with the price also close to the HH trendline of the past 9 months. We are buying the next pullback towards the S1 Zone and the 1D MA50, targeting R1 (TI = 1.9200).
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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.
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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 ❤️
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 🚀
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
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.
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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.
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GBPJPY - New Breakout 🔥On The Daily Time Frame The GBPJPY Price Reached a Resistance Level!
Currently, The Higher Low of The Bullish Structure is Broken (Break of Structure)🔥
The Support Line is Broken 🔥
So, I Expect a Bearish Move 📉
i'm Waiting for a Retest...
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TARGET: 160.880🎯
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GBPUSD - NEW SUPPORT LEVEL🔥HELLO TRADERS !
On The Daily Time Frame The GBPUSD Price Reached a Major Key Level !
Currently, The Resistance Level is Broken and becomes a New Support Level 🔥
so, I Expect a Bullish Move 📈
i'm waiting for a retest...
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TARGET: 1.26200🎯
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GBPCAD - Head and Shoulders 📉On The Daily Time Frame The GBPCAD Price Reached a Resistance Level!
Currently, The Price formed a Head and Shoulders Pattern 📈
The Neckline is Broken 🔥
So, I Expect a Bearish Move 📉
i'm Waiting for a Retest...
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TARGET 1: 1.66970
TARGET 2: 1.66000🎯
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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 🚀
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 ❤️