GBPUSD TO SELL THROUGH JANUARYGBPUSD is projected to fall to the zone of 1.25400 and it is expected to fall from the rising wedge and then retest to the resistance zone and 50EMA and the sell for the long term of January in correlation of EURUSD.
Britishpound
GBPUSD - Price can break resistance line and continue to growHi guys, this is my overview for GBPUSD, feel free to check it and write your feedback in comments👊
When price entered to rising channel, it soon reached $1.2650 level, which coincided with support area and broke it.
After this, GBP rose a little more, made correction, and then bounced up to resistance level, but at once bounced down.
Later, price rose to resistance line, thereby breaking $1.2760 level, but soon it turned around and made downward impulse.
British Pound broke $1.2760 level one more time, exited from channel, and even fell below support level to support line.
But a not long time ago price bounced from this line and rose to resistance line, breaking support level again.
Now I think GBP can little decline and then bounce up to $1.2760, thereby breaking resistance line.
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British Pound can rebound up from support line to 0.8610 pointsHello traders, I want share with you my opinion about British Pound. Looking at the chart, we can see how the price a few days ago started to trades in an upward channel, where it first some time traded near the 0.8570 support level, which coincided with the buyer zone and then bounced up. After this, the price made a correction to the support line, and then it at once rebounded and made an impulse up to the resistance line of the channel. But then, GBP made a correction again to support line, after which the price turned around and made a strong upward impulse to 0.8685 point, thereby breaking the resistance level, which coincided with the seller zone and also exited from the upward channel. A few moments later, the British Pound formed a head and shoulders pattern, after which it in a short time declined below the 0.8645 resistance level, which was a neck of this pattern too, and then continued to fall in a downward channel. At the moment, the price continued to decline in this channel and I think GBP can fall to the support line, which coincided with the support level, and then start to move up to the resistance line of the downward channel. For this case, I set my target at the 0.8610 level. Please share this idea with your friends and click Boost 🚀
Failing testThe double top is confirmed, now the pair is testing the broken neck. There is too much resistance above, It´s most likely to drop down to the next support level 1.997.
GBPCAD - Bullish Double Bottom 📈Hello Traders !
On Wednesday 27 Dec, The GBPCAD Reached a Support Level (1.67077 - 1.67633).
The Price Formed a Double Bottom Pattern.
Currently,
-The Neckline is Broken.
So, I Expect a Bullish Move 📈.
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TARGET: 1.71100🎯
HelenP. I British Pound can start moving down to trend lineHi folks today I'm prepared for you British Pound analytics. If we look at the chart, we can see how the price some days ago traded near the resistance zone, which coincided with the resistance level and even made a fake breakout, after which EURGBP rose to the trend line. Then price rebounded and made a strong impulse down until below the support zone, thereby breaking the 0.8700 resistance and 0.8590 support levels. After this movement, GBP a few time traded near the support zone and later made impulse up to the trend line, breaking the 0.8590 support level again. A short time later, the price broke the trend line and reached the resistance level, after which GBP rebounded and declined to the support level, which coincided with the trend line. Recently, the price bounced from this level, and at the moment, the British Pound continues to trade near the support level. For my mind, the price can rise a little more, and then it will rebound down to the trend line, thereby breaking support level. For this case, I set my target at the 0.8560 level, which coincided with the trend line. If you like my analytics you may support me with your like/comment ❤️
British Pound, after rise movement, can start decline to 1.2610Hello traders, I want share with you my opinion about British Pound. Looking at the chart, we can see how the price some days ago declined to the support line and at once rebounded up to the support level, which coincided with the buyer zone. In a short time, GBP broke this level and tried to rise higher, but failed and started to decline in a downward channel, where it declined to the support line, thereby breaking the 1.2610 support level. After this, the price rebounded from the support line of the channel and made a strong upward impulse to the resistance level, which coincided with the seller zone, breaking the 1.2610 level again and exiting from the downward channel. Also, GBP started to trades in the range, where it, after an upward impulse made a correction to the support level and then rose to the seller zone. But a not long time ago it declined back, making a fake breakout of 1.2790 and then rolled up. Now, the price continues to rise in range, and in my mind, the British Pound can one more little grow and then start to decline to a support level, which coincides with the bottom part of the range. For this case, I set my target at the 1.2610 support level. Please share this idea with your friends and click Boost 🚀
It's a good time short thisPrice is testing the broken support area now resistance. Aussie is getting stronger across the board, I expect another test to the 1.86 support zone. We can also notice a HS confirmed so the pair could fall even more to 1.82 zone.
GBPNZD Buy signal on a Channel Down.The GBPNZD pair has had a strong decline since our last sell call (November 24, see chart below) breaking even below the 1D MA200 (orange trend-line):
The price is currently rising after making a Lower Low but not at the bottom of the (blue) Channel Down. For that reason we consider the emergence of a Diverging Channel Down that can break above both the 1D MA50 (blue trend-line) and the 1D MA200.
In any case the probability for a short-term rise is very high as the 1D MACD just completed a Bullish Cross and the last such formation below 0.00 (October 11), pushed the price all the way to the 0.5 Fibonacci retracement level. As a result our target is now 2.05200.
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EURGBP - Price can make little correction and then bounce upHi guys, this is my overview for EURGBP, feel free to check it and write your feedback in comments👊
Recently price entered to falt, where it tried to rise to top part, but failed and declined to resistance area.
Then, British Pound bounced from this area, rose to top part of flat, and then made downward impulse to $0.8570 support level.
Thereby price exited from flat, breaking $0.8685 level, and later started to grow in rising channel.
In channel, GBP rose to resistance line, but soon bounced and fell to support line, making fake breakout of $0.8685 level.
At the moment, price trades near support line and I think that British Pound can make correction again.
After this, GBP bounced up from support line of rising channel to $0.8720, thereby breaking resistance level.
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HelenP. I British Pound can rebound up from support levelHi folks today I'm prepared for you British Pound analytics. A few time ago price rose to the 1.2620 support level, which coincided with the support zone, but at once rebounded and in a short time declined to the trend line. After this, the price rebounded from this line, started to trades in a triangle, and made a strong impulse up to the 1.2785 resistance level, which coincided with the resistance zone, thereby breaking the 1.2620 support level. Then GBP bounced from the resistance level and made a correction to the support level, which coincided at moments with the trend line, after which the price rebounded and rose until to resistance zone. But soon, GBP fell back to the trend line, making a fake breakout of 1.2785 level and even recently broke this line, thereby exiting from the triangle pattern and declining to the support level, where it continues to trades near now. For my mind, the British Pound will decline to the 1.2620 level, rebound, and start to move up. That's why I set my target at the 1.2725 level. If you like my analytics you may support me with your like/comment ❤️
GBPAUD Bullish reversal emergingThis is an update on the GBPAUD pair regarding our November 19 analysis (see chart below) where we called for a sell at the top of the Channel Down:
As you see the price action responded with a respectable decline that hasn't yet reached our 1.8300 Target and most likely this is due to the shift of the Channel Down a little upwards. This diverging Channel Down appears to have reached its bottom so it is best to book the profit on the sell.
The 1D MACD is about to form a Bullish Cross and the last such pattern emerged on October 04, four days after the previous Lower Low. As a result we are switching to a buy now with a modest short-term target at the top of the main Channel Down at 1.90000.
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GBPUSD Triple parameter sell signal.GBPUSD has been rising since the 'Rare extreme oversold' condition on the RSI (1d) based on our last buy signal and now it reached the middle of the long term Channel Up.
By doing so, it has almost risen by +6.75%, the growth range of the last bullish sequence.
At the same time, this is the top of an emerging Channel Down.
Trading Plan:
1. Sell on the current market price as we have a Triple Sell Condition.
Targets:
1. 1.2075 (Support Zone (1) and 0.382 Fibonacci level).
Tips:
1. The RSI (1d) has started a Bearish Divergence since November 28th. An additional strong sell signal.
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GBPUSD - Price can break resistance line, exiting from triangleHi guys, this is my overview for GBPUSD, feel free to check it and write your feedback in comments👊
Recently price started to decline in falling channel, where it fell to support area, which coincided with $1.2530 support level.
After this, GBP bounced from this area and made strong upward impulse, thereby exiting from channel.
Also then, price entered to triangle, where it reached resistance line, but soon declined below, making a fake breakout of $1.2730 level.
British Pound declined to support line, after which it bounced back, and at the moment price trades close to resistance line of triangle.
Possibly, price can break this line, thereby exiting from triangle and then GBP will make retest, after which it continue to rise to $1.2830
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British Pound can make one more movement down and then bounce upHello traders, I want share with you my opinion about British Pound. Observing the chart, we can see that the price a few days ago started to trades in the range, where it first declined below the 0.8700 level, which coincided with the seller zone and bottom part of the range, but soon backed up, making a fake breakout. After this, the price rose to the top part of the range, bounced and in a short time EURGBP declined below the 0.8700 level again and even soon exited the range. Then the price fell lower than the support level, which coincided with the buyer zone, and later around up and started to rise inside the upward channel. In the channel, the price rose higher than the 0.8580 level and a few moments later reached the resistance line of the channel, which coincided with the seller zone. But not a long time ago, the British Pound rolled down and now it continues to fall. So, possibly price can decline a little more and then rebound up to the resistance level, which coincides with the resistance line of the channel. For this case, I set my target at this level - 0.8700. Please share this idea with your friends and click Boost 🚀
GBPUSD LONG We can spot a flag continuation pattern to the upside. The ray lines of 1.26923 and 1.27220 are my targets for the day, but in other for that to occur, I'm waiting on a retest t the 50EMA, there's news in some minutes time, so I expect the news to take it down for retest then we buy to our targets.
⚠️GBPUSD will Fall by Double Top Pattern⚠️🏃♂️ GBPUSD is moving inside a 🔴 Heavy Resistance zone($1.2670-$1.2410) 🔴 and Ascending Channel .
💡We saw two Bull Traps over the 🔴 Heavy Resistance zone($1.2670-$1.2410) 🔴.
💡Also, these two Bull Traps formed a Double Top Pattern .
🔔I expect GBPUSD to at least drop to the lower line of the ascending channel after the pull back is completed.
British Pound/ U.S.Dollar Analyze ( GBPUSD ), 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.
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GBPCAD - BEARISH MOVE 📉Hello Traders !
The GBPCAD Reached a Strong Resistance Level (1.72620 - 1.73153)
The Price Formed an Ascending Channel.
Currently:
The Support Line is Broken.
So, I Expect a Bearish Move📉.
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TARGET: 1.68900🎯
Brishtish Pound Will remain Strong?[ Short-term]Previously, I published an early call for FX:GBPUSD buy when the Pound showed early signs of strength. (Unfortunately, I cannot send a chart snapshot of that post here because the old account has been suspended.)
Everything is still going well with the British Pound. If you have held the position since then, rest assured.
WHAT A WISE TRADER DO?
If you're holding a Buy: Move the stop loss to a safe point to preserve profits.
If you're holding a Sell: There is a high chance it's just a correction wave, so set your stop loss tight.
If you haven't done anything yet: Observe lines on the chart and focus on the bull direction. Be patient until it breaks. Don't rush .
GBPCAD - BROKEN CHANNEL📉
As We Talked in The Previous Analysis:
The GBPCAD Reached a Strong Resistance Level (1.72620 - 1.73153)
The Price Formed an Ascending Channel.
The Support Line is Broken.
Currently:
The Price Pull Back to Important Structure.
and Now it Will Continue its Bearish Movement !
TARGET: 1.68900🎯
GBPJPY Strong rally if the MA50 (1d) breaks.GBPJPY is trading inside a Bullish Megaphone pattern with the price testing now for the 2nd time the MA50 (1d).
This test is coming only 3 days after the price hit the bottom of the Megaphone.
The previous bottom formations have been very similar to the current pattern.
Trading Plan:
1. Buy when the pair closes a (1d) candle above the MA50 (1d).
Targets:
1. 190.000 (Fibonacci 1.236 extension).
Tips:
1. The RSI (1d) has made a Double Bottom formation over the oversold level of 30.00.
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Notes:
Past trading plan:
EURGBP - Price can bounce up from support level to $0.8670Hi guys, this is my overview for EURGBP, feel free to check it and write your feedback in comments👊
Some time ago price started to move up in rising channel, where it first fell to support line and then made upward impulse.
GBP broke resistance level, which coincided with resistance area, and soon broke resistance line, but later fell back.
A few moments ago price reapeted a fake breakout from this line again, after which continued to rise in channel.
Later, EURGBP bounced of resistance line and made strong downward impulse, thereby breaking $0.8690 and $0.8600 levels.
Recently it started to grow in one more rising channel, where price continues to trades to this day.
I think British Pound can correct to support level and then bounce to $0.8670 resistance line of channel.
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HelenP. I British Pound can break support level and make retestHi folks today I'm prepared for you British Pound analytics. Some time ago price declined lower than support 2, which coincided with the support zone, but soon it around up and rose back. Then the price a little rose more and later made a correction to support 2. After this, GBP made impulse up to support 1, which coincided with the resistance zone and even grew higher. But soon, the price started to decline in a downward channel, where it fell lower than support 1 to the support line of the channel. A few moments ago, the British Pound rebounded from the support line and made a strong impulse up to 1.2790 points, thereby breaking support 1 and exiting from the downward channel. But a not long time ago price corrected to support 1 and now it trades in the resistance zone. For my mind, the British Pound can break the support level and then make a retest. After which the price can continue to decline, therefore I set up my target at the 1.2550 level. If you like my analytics you may support me with your like/comment ❤️
