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Britishpound

GBPUSD; Bearish on the British Pound Against the US Dollar1. We have gotten a short signal on GBPUSD from our Silver Scalper strategy on the daily timeframe as our Range MA shows a downtrend (background Red) and our Bull/Bear has given a short signal. 2. If the market opens in the R1 range then you can consider entering short and remaining short until we get a Bull signal from Bull/Bear or Range MA shows an uptrend (background Green). 3. Levels to watch to the upside are the ranges at R1 - R3. 4. If the downtrend is still valid, we can add to our short position on additional Bear signals. 5. Levels to watch for reactions to the downside are S1 and S2 where we would hope to see a bull signal to exit short. --- NOTE: We conduct market analysis on a daily basis from a trend trading perspective using our own in house built tools. If you like any of the content we provide please leave a like and a follow to show your appreciation. --- STRATEGY USED: Silver Scalper Trend Confirmation = Range MA Entry Signal = Bull/Bear Power Exit Signal = Bull/Bear Power OR Range MA
by AlphaBotSystem
GBPUSD | High Chance on New Leg DownPlease support this idea with LIKE if you find it useful. At weekly chart the market closed with price rejected of the 50 MA + Local Resistance Trendline + Ichi Cloud resistance zone. There is a high chance on to have a new leg down when market opens. 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.
Short
by Anpu
5
EUR/GBP Going into the WeekendHi everyone, just before the weekend is starting I want to give you this technical analysis so you understand what the most important things are you'd want to be looking out for. This is especially interesting for when the markets open again on Monday. We see two very interesting areas. First of all let's zoom in on the support zone around 0.869. We haven't seen these levels in around 40 days. If the price breaks below this support zone, we can see a confirmation of the downtrend and I will expect much lower prices going forward. The second interesting area is thigh highly traded area of around 0.877. We see that the downtrend came to a temporary halt here and that for about 4 days it didn't make any decision about the direction. When the price finally broke through it showed a very negative continuation. We are now in the second area where the price volume is high and a decision will need to be made. If the price opens north of 0.873 I will be very bullish for the coming week on EUR/GBP 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!
by Trading-Guru
3
GBPUSD | Rejected by Ichi Cloud Please support this idea with LIKE if you find it useful. Price was rejected by Ichi Cloud resistance zone, also by higher boundary of the Descending Channel. So we should expect the retracement to continue and 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.
Short
by Anpu
17
GBP USD Is in a Text Book Quality Falling Wedge [In-Depth]There are so many interesting things going on here from a technical analysis perspective. Let's break them down per section. First of all, we cannot miss this beautiful falling wedge. A falling wedge is formed when price consolidates between downward sloping support and resistance lines. The slope of the resistance line has to be steeper than that of the resistance. This indicates that lower highs are being formed faster than lower lows. This is a bullish pattern, where we expect a high impact positive rally if the price breaks through the bottom support. The price has beautifully stayed within the boundaries so far, validating the falling wedge pattern. The most interesting thing is that the way it's forming is exactly like the text books draw the pattern. If you ever wanted to understand a falling wedge, this is the most classic way of getting one! I drew the textbook example on the chart for your reference. The second part that draws my attention is the beautiful levels of which the price found resistance recently at exactly 1.2500. This is not only a price based resistance level, but also a psychological resistance level. Then, if we combine that with the trajectory of this wedge, we will see another such level soon at 1.24 near the bottom support line of the wedge. It is around this area that we can set our long position for beautiful profits. 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!
Long
by Trading-Guru
6
GBPUSD | Symmetrical Triangle Please support this idea with LIKE if you find it useful. We have a Symmetrical Triangle inside of the Ascending Channel. In case we have a confirmed breakout to downward we can go retest the lower boundary of the Ascending Channel. Short can be initiated on a confirmed breakout. For Bullish Scenario we also require a breakout of the Ichi Cloud resistance zone and then we can initiate a long 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.
by Anpu
17
GBPUSD | More Downside Please support this idea with LIKE if you find it useful. During this decline price produced two bearish candlestick patterns (three black crows), so we are more likely to have more downside. In case there is a confirmed rejection of the Ichi Cloud we can initiate a short position. Also if we lose the Horizontal 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.
Short
by Anpu
50
GBPUSD | Gonna Test the Horizontal ResistancePlease support this idea with LIKE if you find it useful. Price is going to test the Horizontal Resistance. Be careful with that level as we might get a rejection here. Nevertheless if there is a breakout then growth will continue. 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.
Long
by Anpu
7
EURUSD | Resistance to Watch Please support this idea with LIKE if you find it useful. We got a breakout of the Resistance Trendline of the Symmetrical Triangle, which signals we go Upward. Nevertheless we have a 2 option of the Symmetrical Triangle and here we are only approaching to the Resistance. Also with 2nd option of the Sym. Triangle we have a 200 MA charting along the Resistance trendline. So in case we have a confirmed rejection of the Resistance we can initiate a short position. Moreover we have a Rising Wedge pattern which can work out. 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.
Short
by Anpu
44