GBPUSD | Possible Head & Shoulders Please support this idea with LIKE if you find it useful.
We have a Head & Shoulders forming. If there is a confirmed breakout of Ichi Cloud we can continue forming the Right Shoulder. So short position can be initiated.
If price breaks the Support of the Formation then pattern will be confirmed and we can also initiate a short position
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable!
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice.
Britishpound
GBPUSD | Failed to Cross in Ascending ChannelPlease support this idea with LIKE if you find it useful.
Price failed to cross back into an Ascending Channel. If this failed attempt will be confirmed by candle's close we can expect the lower boundary of the Ichi Cloud will be tested.
In case we have a confirmed breakout of the Ichi Cloud we can initiate a short position
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable!
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice.
Breakdown OKGBP Index will reveal that there had been a valid breakdown (it is also detectable on GBPUSD chart but not as clear as we can not see there that 21.04 9:00 was a breakdown candle). GBPUSD trends below 50 SMA on daily. Downtrend is also detectable on GBPUSD weekly. On 4 hrs GBPUSD faced DeMark pivot weekly resistance and major downtrend-line. Price might test the trendline and even make a false break.
Also GBP Index is likely to test 50 SMA.
Having established that breakdown is valid we will see a drop to DM projected target.
For educational purposes only.
Top correlation
1 GBPUSD - GBPJPY 95.7%
2 GBPUSD - GBPSGD 90.2%
3 GBPUSD - SCI25 89.4%
4 GBPUSD - SEKJPY 88.0%
5 GBPUSD - USDSEK -86.8%
6 GBPUSD - USDCNH -86.4%
7 GBPUSD - SPA35 84.8%
8 GBPUSD - USDNOK -84.7%
9 GBPUSD - EURGBP -84.7%
10 GBPUSD - JPYX -84.6%
EUR/GBP Reversal of trend! [Quick Updates]Hey all, here’s another entry on my tradingview series called 'Quick Updates'.
Here's a nice setup for you using horizontal support and resistance on the 15m. A great way to start trading here, as you'll get feedback quickly and the percentage gains or losses are small. I showed my suggestions for take profit and stop loss on the chart.
We've seen this horizontal support for a while now, but it's nice to see that it just got confirmed after a clean bounce off this level. This can give us indication of a short term trend reversal, and we can monetize this scenario by trading a LONG position.
--- What is The Quick Update Series All About? ---
I have started a new tag (quickupdates) where I quickly share great opportunities based on TA for shorter timeframes, such as 4h, 1h, and 15m. It will contain a brief explanation with clear and clean charts in order to keep the velocity up and make sure you get to see the opportunities as fast as possible.
Follow me for consistent high quality updates, with clear explanations and charts.
Please like this post to support me.
- Trading Guru
--------------------------------------------------------------
Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
GBPUSD | Losing the Horizontal Support ZonePlease support this idea with LIKE if you find it useful.
Price was rejected of the Local Resistance and now can lose the Horizontal Support Zone.
In case we have the confirmed breakout we can initiate a short position
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable!
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice.
GBPUSD is above the Support/Resistance Zone!The price is above the Support/Resistance Zone and can continue to rise.
The best Buy entry will be if the pound will show a pullback to the zone and make a false breakout.
Potential profit will be 3 times bigger than the risk.
Push like if you think this is a useful idea!
Before to trade my ideas make your own analysis.
Write your comments and questions here!
Thanks for your support!
GBPUSD. Projection for next week. Posibility for LONG positions.Hello everyone!
Last week GBPUSD rejected 1.22600 and started to move in an upwards channel. Friday the price break through descendent trend line and my projection is that price may go up to 1.24400 and aiming for 1.26400 but only after we see another swing low and also price rejection from new uptrend trendline.
I am posting scenarios which include sell opportunities as I see them.
Nothing is 100% accurate and neither my analysis. Trade your own thoughts!
I hope you can take profits from my analysis!
Thank you for reading and don`t forget to give a like or a comment!
GBPUSD | Rejected by Ichi Cloud Please support this idea with LIKE if you find it useful.
Price was rejected by the 50 MA + Ichi Cloud resistance zone. Currently we have price sitting on the Mid Line of the Descending Channel. In case there is a confirmed breakout of the Mid Line we can initiate a short position
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable!
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice.
GBPUSD | Downward Breakout of an Ascending TrianglePlease support this idea with LIKE if you find it useful.
Great breakout of the Ascending Triangle to downward and further rejection of its lower boundary. Also we crossed the 50 MA to downward, in case we lose the Ichi Cloud support we can initiate a short position
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable!
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice.
GBPUSD is close to Sell Zone!The price is under Mirror Level 1.24065.
It can fall down to 1.21610 or even more.
Potential profit will be 3 times bigger than the risk.
Push like if you think this is a useful idea!
Before to trade my ideas make your own analysis.
Write your comments and questions here!
Thanks for your support!
GBPUSD | Possible Breakout of an Ascending TrianglePlease support this idea with LIKE if you find it useful.
Price is testing the Resistance of the Ascending Triangle. In case we have a confirmed breakout then pattern will be confirmed, also it will be a breakout of the Ichi Cloud resistance. So we can initiate a long position in this case
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable!
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice.
EURGBP is close to Buy Zone!The price shows us a pullback now.
And it will be a nice Buy entry if it will bounce off the Support/Resistance Zone.
Potential profit will be in 3...5 times bigger than risk.
Push like if you think this is a useful idea!
Before to trade my ideas make your own analysis.
Write your comments and questions here!
Thanks for your support!
GBPUSD | Bearish FlagPlease support this idea with LIKE if you find it useful.
Price was rejected of the Ichi Cloud resistance zone and formed the Bearish Flag. As the mid line of the pattern is broken we can go to the lower boundary.
In case there is a confirmed breakout of the Flag the pattern will be confirmed and we can initiate a short position
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable!
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice.
trade long and short GBP/USDHI
-British Pound Among Weakest Currencies in April
-Given the negative news on the British pound, we expect a short-term rise.
-Using technical analysis, I showed two situations for trading, and the second situation has very little risk.
Please follow my support and like my posts.
see you later
GOOD LUCKY
GBPUSD | Descending Channel Reformed Please support this idea with LIKE if you find it useful.
Price produced a leg down and we got the new low for Descending Channel. So currently price is sitting on the lower boundary of the Descending Channel, in case we have a confirmed breakout of the lower boundary we can initiate a short position.
If there is a retracement to upward we can initiate a short position in case we have a confirmed rejection of either the Mid line of the Descending Channel or of the higher boundary of the one
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable!
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice.
New LL expectedNew lower low expected on the monthly.
Price missed monthly pivot when trend started and now price retraced to monthly pivot as it often does before the next impulsive wave to a new lower low on weekly
with breakdown of a established demand line. The fact that it was pierced already indicates bullish weakness. I believe price will reach yearly S2.
Look for short setups on 4 hrs .
GBPUSD | Possible Retracement Please support this idea with LIKE if you find it useful.
Price is declining in a descending channel. Currently we have price retraced of the Mid line and goint to test the Ichi Cloud resistance zone + Resistance of the Descending channel. In case we have a confirmed rejection we can initiate a short position
If price crosses the Mid line to downward we can also initiate a short position
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable!
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice.
GBPAUD | Double Top + RetracementPlease support this idea with LIKE if you find it useful.
On monthly chart we have price formed the Double Top pattern + retraced of the resistance trendline of the Symmetrical Triangle. We can initiate a short position with Stop-loss inside of the Resistance zone
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable!
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice.