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Britishpound

GBPUSD Excellent for scalping right now. Trade break-outs beyondThe GBPUSD pair broke 2 days ago above the Lower Highs trend-line that started on the July 14 2023 High and is leaving both the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line). The latter has basically been then Support since Nov 22 2023 but the technical horizontal Support 1 has been 1.2500 and similarly Resistance 1 at 1.2830. As long as those hold, GBPUSD is an excellent scalping opportunity. Beyond those you can take a sell if a 1D candle closes below Support 1 and target 1.2275 and a buy if it closes above Resistance 1 at 1.3150. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, 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 us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
British Pound can rebound up to resistance line of wedgeHello traders, I want share with you my opinion about British Pound. Observing the chart, we can see that the price a not long time ago declined from the 0.8570 resistance level to the 0.8520 support level, which coincided with the buyer zone inside the range. After this price rebounded up from the support level and rose almost to the top part of the range, but soon it fell back and some time traded near the 0.8520 level. Then GBP rose again to the top part of the range, which this movement coincided with the seller zone and at once turned around and fell to the buyer zone. In a short time later price exited from range, broke the support level, and declined to lower even buyer zone. After this, GBP entered to wedge pattern, where it soon made a strong upward impulse from the support line to the resistance line, which is located in the seller zone, thereby breaking the 0.8520 level one more time. Then price made a correction lower resistance level, after which it turned around and in a short time rose back to the resistance line of the wedge. But a not long time ago GBP bounced from this line and declined to support line, after which it recently bounced and started to rise. In my mind, the British Pound can correct to the support line and then rebound up to the resistance line of the wedge. So, for this reason, I set my target at 0.8560 points, which coincided with the resistance line. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
HelenP. I British Pound can continue to rise to resistance levelHi folks today I'm prepared for you British Pound analytics. A not long time ago price declined to the 0.8520 support level, which coincided with the support zone, and at once rebounded and started to move up. But later, GBP turned around and made an impulse down to the trend line, thereby breaking the 0.8520 level. After this movement, the price entered to wedge, where it rebounded from the trend line and made a strong impulse up to the resistance zone, which coincided with the resistance level, breaking the support level one more time. Then GBP made little correction from the resistance zone and later started to rise to the resistance line of the wedge. Soon, the price broke the 0.8565 level and even rose higher than the resistance line of the wedge, but in a short time later it turned around and fell back, making a fake breakout. GBP some time traded near the resistance level and then fell to the trend line, after which it turned around and soon rose back to the resistance level. But recently price rebounded and at the moment, GBP trades below in wedge. For my mind, I expect that British Pound will rise to a resistance level and try to break it. If the price does this, GBP can make a retest and then continue to move up. So, that's why I set two targets, the first target at the 0.8565 resistance level, and the second - at the 0.8580 level, which coincided with the resistance line of the wedge. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
2
British Pound can little correct, after which rise to 1.2715Hello traders, I want share with you my opinion about British Pound. Looking at the chart, we can see how the price some days ago rebounded from the resistance line and declined to the support line, breaking the 1.2550 support level, which coincided with the buyer zone. But soon, GBP turned around and started to rise near this line to the resistance line, after which, the price soon broke the 1.2550 level again and later reached the current support level. Then price tried to break it, but failed and in a short time declined to the buyer zone, thereby breaking the support line and also entering to upward wedge. In this pattern, the price reached the support line and then started to rise near this line to the current support level, which coincided with the support area, but long time it couldn't break this level. Some time ago GBP finally broke the 1.2670 level and rose a little higher than the support area, and at the moment, the British Pound trades near. In my mind, GBP can correct to the support line and then rebound up to the resistance line of the wedge, so for this reason, I set my target at 1.2715 points, which coincides with the resistance line. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
1
EURGBP: Rejection on the 1D MA50. Sell signal.EURGBP is technically bearish on the 1D timeframe (RSI = 37.174, MACD = 0.000, ADX = 32.150) as it is extending the selling since the December 28th 2023 High near the top of the 1 year Channel Down. For the last 3 days it has failed to cross over the 1D MA50, even though it got too close, and a rejection today can start a bearish wave of minimum -1.78%, much like July 11th 2023. Consequently we are short with TP = 0.84250, even though the long-term extension can even be at -4.04% or even the 2.0 Fibonacci level. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
EURGBP - Price can correct to support area and then bounce upHi guys, this is my overview for EURGBP, feel free to check it and write your feedback in comments👊 Some time ago price made downward impulse from resistance level to $0.8555 level, which coincided with support area. Later GBP started to rise near support line and rose back to $0.8700 level, but then price turned around. After this, price entered to falling channel, where it soon broke support line and declined to support line of channel. Then GBP declined lower than $0.8555 level, but in a short time later price turned around and bounced up to this level. Also, price exited from channel and soon broke $0.8555 level, where now it continues to trades near. In my mind, British Pound can make correction to support area and then continue to grow to $0.8620 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
HelenP. I British Pound can make impulse up from triangle figureHi folks today I'm prepared for you British Pound analytics. If we look at the chart we can see, how the price rebounded from the resistance zone, which coincided with the 1.2715 resistance level and declined lower, but soon it turned around and in a short time rose back to this zone. Some time later GBP started to decline from this zone again and fell to below the 1.2715 resistance level, after which it rose back and then made an impulse down to the trend line. As well, the price started to trades in a triangle, where GBP rebounded from the trend line, which is located in the support zone, and soon rose higher than the 1.2550 support level. Then the price rose to the resistance line of the triangle, after which the price bounced down to the trend line, but a not long time ago GBP bounced from this line and started to rise. At the moment, the British Pound trades near the resistance line of the triangle, and I expect that the price will decline almost to the support level and then GBP make impulse up, thereby exiting from the triangle. So, for this reason, I set my target at 1.2660 points. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
GBPUSD - Price can leave triangle and rise to $1.2710 levelHi guys, this is my overview for GBPUSD, feel free to check it and write your feedback in comments👊 A not long time ago price entered to flat, where it first broke resistance level, which coincided with resistance area. Then GBP declined to support level and at once bounced up to resistance area, after which in a short time fell back. Price rose to resistance area again, made little correction, and then rose back to this area, after which made downward impulse. British Pound exited from flat, breaking $1.2610 level, but also it entered to triangle, where rose higher this level. At the moment, price trades near resistance line of triangle, and in my mind, GBP can correct to support line. After this movement, British Pound will bounce up to $1.2710 level, thereby exiting from triangle. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
1
British Pound can rebound up from buyer zone to 0.8570 levelHello traders, I want share with you my opinion about British pound. Looking at the chart, we can see how the price recently started to decline in a downward channel, where it soon fell to the support line and at once bounced up to the resistance line of the channel. Then GBP turned around and declined to the 0.8570 resistance level, which coincided with the seller zone, some time traded near and later declined lower this level, thereby breaking it. Also then, the price exited from the downward channel and started to trades in the range, where GBP in a short time declined to the 0.8515 support level, which coincided with the buyer zone with the bottom part of the range. After this, the price turned around and soon rose to the top part of the range, which coincided with the resistance level, but a not long time ago, GBP rolled down from this level and declined back to the buyer zone. As well recently price bounced from this area and tried to rise, but failed and now it continues to trades near the buyer zone. So, I think the British Pound can fully decline to the buyer zone, after which the price will turn around and start to move up to the 0.8570 resistance level. For this reason, my target is located at this level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
3
GBPCAD Analysis(➡️RR=2.00)🏃‍♂️ GBPCAD is moving near 🟡 Potential Reversal Zone(PRZ) 🟡and 200_SMA(Daily) . 🌊Regarding Elliott Wave theory , GBPCAD is completing the Expanding Flat(ABC/3-3-5) corrective structure. 💡Also, we can see Regular Divergence(RD+) between two Consecutive Valleys . 🔔I expect GBPCAD to rise to at least the 🔴 Resistance zone(1.715 CAD-1.700 CAD) 🔴 after breaking the Resistance line . British Pound/Canadian Dollar ( GBPCAD ) 4-hour 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. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
1
HelenP. I GBP can exit from wedge and try break resistance levelHi folks today I'm prepared for you British Pound analytics. Some time ago price traded near the resistance zone, which coincided with resistance 1, but later it fell to this level, reached the trend line, and at once rebounded and made a strong impulse up to resistance 2. In a short time price broke this level, which coincided with one more resistance zone and rose higher. But soon, GBP turned around and started to decline back to resistance 2. Later price declined below this level, thereby breaking it again, and then continued to decline to the 0.8550-0.8565 resistance zone, and soon GBP broke resistance 1 and declined to the trend line, forming a wedge pattern. After the price traded near this line it rebounded from the trend line to the resistance line of the wedge, where the price continues to trades near. For my mind, I expect that the British Pound will make a little correction, after which the price turn around and start to rise to a resistance level. When the price reaches this level, GBP can try to break it and then make a retest, after which the price will continue to move up. So, for this reason, I set two targets, the first target at the 0.8550 resistance level, and the second - at the 0.8600 level. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
British Pound can rebound up from buyer zone to 1.2700Hello traders, I want share with you my opinion about British Pound. Looking at the chart, we can see how the price some days ago rebounded from the support line of the triangle and made a strong upward impulse to the resistance line, thereby breaking the 1.2610 support level, which coincided with the buyer zone. After this, the price bounced from the resistance line and in a short time declined to support line back, breaking the 1.2610 level again, but soon rebounded and made an upward impulse one more time. GBP exited from the triangle and entered to range, where it at once rose to the 1.2785 resistance level, which coincided with the seller zone, but soon rebounded back to the support level. Then GBP repeated movement up and rose to the seller zone, but later in a short time declined back to the 1.2610 level, making a fake breakout of the resistance level. A few moments later price made an upward impulse to the resistance level, then made the correction, after which it tried to rise back to the 1.2785 level, but near this level, GBP turned around and in a short time declined to the support level. At the moment, the price trades near this level and I think the British Pound can fall to the buyer zone, after which the price turn around and start to move up in range, so, for this reason, I set my target at the 1.2700 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8