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Britishpound

EURGBP Channel Up but be ready to trade the break-outsThe EURGBP pair has been trading within a Channel Up since the December 01 Low. This is leading the price to Higher Highs, supported by the 1D MA50 (blue trend-line), with the next one projected to be around 0.9020. The 2 year pattern is a Bullish Megaphone, so a break above the Channel Up would be a buy break-out for us, targeting the 3.5 Fibonacci extension level (0.92835), where we expect the next Higher High as per the previous two Megaphone rallies. A break below the Channel Up, would be a sell break-out for us targeting not just the 1D MA200 (orange trend-line) but the 1W MA100 (red trend-line) which has made 4 contacts and has successfully held as a Support since September 06 2022. ------------------------------------------------------------------------------- ** 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
2
GBPJPY: Excellent sideways opportunityGBPJPY is bearish on the long term as it remains under the 1D MA50 (right chart) with technicals all in red (RSI = 41.765, MACD = -0.860, ADX = 25.857) despite trading within a range since the end of December. This range is practically what we want right now as the sideways price action offers the best scalping opportunity for at least the next week. The price is approaching S1 where we will long to R1 and reverse to a short. Repeat until either the top of R1 and bottom of S1 break. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
by InvestingScope
7
GBPJPY Bearish as long as it's below the 1D MA50.The GBPJPY pair has been trading below its 1D MA50 (blue trend-line) since December 16 2022. With a 1D Golden Cross having formed on January 17, the price is about to test for the 3rd time in a month the 155.770 - 155.400 Symmetrical Support Zone. A break below it would target the dotted line (multi-year Channel Up bottom) and below that the 148.800 Support which has held 5 times since the March 2021 Low. On the other hand if the Symmetrical Support holds, it will make a Triple bottom and it will be a short-term buy opportunity towards the 1D MA50. Any time that breaks, it will extend the rebound above 166.00, which based on the Symmetrical pattern since May 2022, it will be the most optimal long-term sell opportunity. ------------------------------------------------------------------------------- ** 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
GBPUSD Double Top rejection but Support cluster below.The GBPUSD pair is pulling back significantly after a Double Top rejection at 1.2455. The first Support offered is within the 1D MA50 (blue trend-line) and the bottom of the Channel Up is has been trading on since October. If that holds, we'll take it as a short-term buy back to the 1.2455 Double Top Resistance. A closing above should further extend the rally to the 1.2675 May 27 High. However a break below the Channel Up, will be a sell break-out signal, targeting the 1D MA200 (orange trend-line) with the best long-term buy beyond that level being on the 1.1845 Support. In both cases, we will only buy any further if the June 01 2021 Lower Highs - 1W MA200 (red trend-line) Resistance Cluster breaks. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
1
GBPCAD Two break-out levels.GBPCAD reached the top of its multi-year Channel Down and got rejected, but found Support on the 1D MA50 (blue trend-line). Those two levels keep the price action neutral within a Triangle pattern. The 1W MA300 (red trend-line) is right above the Channel Down and is in our opinion the buy break-out level, where you should go long and target the upper Resistances. On the other hand, every time the 1W RSI broke below its MA (yellow trend-line), the pair dropped. This is our sell break-out singal, with which we will target the 1D MA200 (orange trend-line). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
GBPNZD Best long-term signal you'll getThe GBPNZD pair hit the bottom of the Triangle pattern it has been trading in since early 2019. This has been done staight after a 1D Death Cross (when the blue 1D MA50 crosses below the orange 1D MA200). This is quite similar to the October 2018 - August 2019 fractal. A new Golden Cross will confirm the currently strong long-term buy signal. See how they both ae under near perfect symmetry. The first Lower High hit the 0.786 Fibonacci and got rejected. Our long-term target is 2.000, just below the top of the Triangle. ------------------------------------------------------------------------------- ** 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
GBPAUD The key is the 1D MA50The GBPAUD pair is consolidating around the 1D MA200 (orange trend-line) after almost a 1 month non-stop fall (since December 21). The next Support level is at 1.73500 and if broken we will extend selling towards the 0.786 Fibonacci level at 1.6878. Then reverse to long-term buying targeting 1.8600 (below the -0.236 Fib and the Higher Highs trend-line). If however the price breaks above the 1D MA50 (blue trend-line) first, we will abandon selling and take the buy break-out instead, having the same 1.8600 target. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
1
💵British Pound/Canadian Dollar 💵 Analyze (01/16/2023)!!!The British Pound/Canadian Dollar completed its double-three correction(WXY) in the resistance zone with an ending diagonal pattern. Also, if you look carefully, you can find the evening star candlestick pattern in a 4-hour time frame.👇 So, I expect the British Pound/Canadian Dollar will go down at least to the support zone. 🔅British Pound/Canadian Dollar ( GBPCAD ) Timeframe 1H⏰. 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 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
2
SHORT Resault: 1040 pips✅GBPJPY is preparing for a very good sell position and I am entering within the specified range Stay with me to get more analysis after following me by sharing with friends and leaving a comment. According to my risk and capital management system, the risk of each trade is one percent per position. What do you think about this analysis and other analyses? What symbol would you like me to analyze for you? gbpjpy are going to reach second target. 1040 pips in profit.
by Hamiratrading
2
GBPUSD, at a solid resistanceAs shown in the chart, GBPUSD is in an extremely difficult resistance area. A trend line from October 2022 and the neckline of the previous head and shoulders pattern, as well as the Crossing 100 and 200 four-hour SMA are all forming this zone. The price is expected to react and fall toward 1.1853 and 1.179. ---------------------- 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
💵British Pound/Australian Dollar💵 Analyze(12/23/2022)!!! The British Pound/Australian Dollar lost its ascending channel and also completed its pullback. I expect the British Pound/Australian will go down to 🎯targets🎯 that I specified in my chart. 🔅British Pound/Australian Dollar Analyze ( GBPAUD ) Timeframe 4H⏰. 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
6
💵British Pound/Canadian Dollar 💵 Analyze (01/03/2023)!!!The British Pound/Canadian Dollar broke the support zone and is now completing the pullback. I expect the British Pound/Canadian Dollar will go down at least to the next support zone. 🔅British Pound/Canadian Dollar ( GBPCAD ) Timeframe 4H⏰. 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 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
4
EURGBP Resistance test. Aiming higher as planned.The EURGBP pair hit today the 0.88315 Resistance (November 09 High) after recently breaking above the 1D MA50 (blue trend-line). On our last analysis almost 2 months ago (October 29), we talked about this long term buy opportunity either on the 1D MA200 (orange trend-line) or the 1D RSI Support Zone: Both conditions were met, so if you got positioned then, you may book the short-term profit now and re-buy if/ when the price breaks above the Resistance. The long-term pattern remains a Bullish Megaphone since the March 07 Low. As previously mentioned, since the previous Higher Highs were made after breaking the 1.5 and 2.5 Fibonacci extension levels respectively, we can assume that the next one will be on the same progression, i.e. the Fib 3.5, which is currently at 0.92835. This is our long-term target. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
3
💵British Pound/Swiss Franc💵Analyze (12/22/2022)!!!The British Pound/Swiss Franc was able to break the uptrend line. I expect the British Pound/ Swiss Franc will go down to the targets that I specified in my chart. 🔅British Pound/ Swiss Franc Analyze ( GBPCHF ) Timeframe 4H⏰. 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 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
2