An unsuccessful attempt to break out of the channelThe price broke through two support levels and returned to the downward channel.
I think we are moving to the next support level.
Britishpound
The pound at the beginning of the downward movementThe price formed a bearish candlestick absorption pattern and then broke the uptrend line and the support line.
I think that from the current price we can test the support level indicated on the chart.
GBPUSD should go together with EURUSDThe price has formed a candlestick pattern of an inverted hammer and proof of that like on EURUSD chart.
Stochastic RSI 1H is overbought.
I think we can form a reversal signal on the TD Sequential.
The price quickly reached a resistance level and is near a strong liquidity zone, so I don't think the correction will be strong.
I expect that the price can retest the upper boundary of the liquidity zone and grow to the resistance level .
GBPSEK Target Price 13.21115GBPSEK price closed above 12.69163. Price retested 12.69163. Enter long positions and take profit at 13.21115.
GBPCAD Target Price 1.75604Price closed above 1.72806. Price retested level 1.72806. Enter long positions and take profit target at 1.75604.
GBP / USD Good evening from The Netherlands..
Today we have GBP / USD..
Beautiful example of a Trading range..
Strategy Trading range. Buy low, sell high..
Look for description..
When you take a trade with less risk it means it comes with less probability.
When you take a trade with high probability it means it comes with more risk (wider stop loss)
Double topThe price has formed a double top pattern, so we can reach the Fibonacci level of 0.5 as indicated on the chart.
Liquidity Zone - Opportunity ZoneThe price is moving in a downward channel.
We have a strong liquidity zone under the support level.
I expect price to bounce off from the lower boundary of liquidity zone.
Bullish takeoverThe price is moving in an upward channel.
The price formed a bullish takeover on the 1H timeframe.
I expect the price to reach the resistance level.
GBPCHF in a triangle GBPCHF is moving inside a triangle and price has got stuck between FTC Level and an uptrend. Breaking the trendline will be followed by a correction.
Continued movementThe price is at the lower boundary of the uptrend channel, near the support level.
I expect growth to the nearest resistance level.
EURGBP bullish takeoverThe price went up very quickly after the bullish absorption, so I expect a small correction, and then the growth to the level of 0.83615.
Fan punchingThe price has broken through 2 fan lines, holds the support level and the uptrend line.
Two bullish candlestick patterns emerged.
I expect growth up to the level of $1.3692.
Breaking through the descending channelThe price has broken through the upper boundary of the ascending channel.
Stochastic RSI is locally oversold.
I expect a small correction of the current momentum and then growth to the target indicated on the chart.
GBPUSD rising wedgeThe price has formed an ascending wedge pattern.
The movement broke through and consolidated above the support level.
I expect that the price will reach the level of $1.3655
Buyers weakenedThe price movement is sandwiched between two lines.
The price made 3 false penetration of the downtrend line, formed 2 ascending triangles, from which it went down.
I expect a further decline to these levels.
Continuation of the movementThe price is near the lower boundary of the uptrend channel, near the support level.
The oscillators are neutral.
I think that we can rise from the current level.
GBPUSD LongHey traders, in today's trading session we are monitoring GBPUSD for a buying opportunity around 1.36 zone, once we will receive any bullish confirmation the trade will be executed.
Don't forget to support us with like and comments for more contents!
Trade safe, Joe.
GBPCAD ShortHey traders, in today's trading session we are monitoring GBPCAD for a long term selling opportunity around 1.73 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
GBP/JPY - BUY ANALYSIS ( FUNDAMENTAL AND TECHNICAL )In this video, I breakdown why the pound has been going up in value against the Japanese Yen since 2020 as higher interest rates in the UK is attracting money out of Japan and into the UK.
I also show why currency traders are only buying this currency pair as UK Rates make it profitable to hold this trade open overnight as you get paid FREE money into your account by your broker. Known as the carry trade rollover.
Enjoy !
GBPCAD approaching a top. Sell opportunity.GBPCAD has been trading within a Channel Down pattern since the February 24 2021 High. That was the first of a series of Lower Highs. Right now the 1D RSI is approaching its multi-year Resistance level, same way the pair is approaching the top (Lower Highs trend-line) of the Channel Down. The very same RSI pattern has formed the Lower Highs within the Channel Down. We are turning bearish on this pair targeting just above the 1.236 Fibonacci extension at 1.65000.
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Double top on the EURGBP chartThe price has formed a "double top" pattern.
The movement is near the trend line, but below it.
I think that at the current level we will fall to the level of $0.83612.
EURGBP pair broke the upward structureBuyers have bought off the last candle well, but so far they are not allowing it to consolidate higher.
I think we will reach the resistance level and then the price will continue to fall.
