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Britishpound

GBPJPY - Perfect Breakout ! Hello Traders ! As We Talked in The Previous Analysis: The GBPJPY Price Reached a Daily Support Level (180.750 - 180.093) Currently, The Price Formed an Inverted Head and Shoulders Pattern. The Neckline is Broken. The Resistance Line Was Broken and Became a New Support Line. Currently, The Price Created a Correction and Touched The Neckline & Resistance Line and Now it Will Continue its Bullish Movement ! ----------- TARGET: 185.800🎯 ___________ if you agree with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
Long
by Hsan_BenAhmed
8
EURGBP Buy extension signal within the Channel Up.The EURGBP pair has been trading within a 2-month Channel Up pattern, with the current bullish leg rebounding on the 1D MA50 (blue trend-line) and even recently establishing the 1D MA200 (orange trend-line) as the latest Support. With the 1D MACD on a Bullish Cross since the 1D MA200 break-out, we expect the rally to continue until 0.8000, which represents a new Higher High on a +2.14% symmetry with the previous rise, just above the 0.618 Fibonacci retracement level. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
1
GBPUSD Death Cross keeping it bearish unless the 4H MA200 breaksThe GBPUSD pair is extending the bearish trend within the 3-month Channel Down pattern. The 1D RSI remains bearish but normalized the previous oversold levels so now technically it can resume chasing much lower prices. As long as the price trades below the 4H MA200 (red trend-line), which sits now exactly at the top (Lower Highs trend-line) of the Channel Down and has been holding as Resistance since August 01, we remain bearish, targeting 1.1805 (Support 2). If on the other hand it breaks above the 4H MA200, we see potentially a Channel Up emerging and we will buy instead, targeting 1.2435 (1D MA200 orange trend-line). It is worth pointing out that on Tuesday the pair completed the first Death Cross on the 1D time-frame in more than 2 years (since September 01 2021). Certainly a pattern that favors selling. ------------------------------------------------------------------------------- ** 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
GBPJPY Head and Shoulders sell signalThe GBPJPY pair gave us a nice low risk sell trade last time we looked at it (see chart below): This time it gives an even stronger one as it is on the 1W time-frame in the midst of a Head and Shoulders (H&S) formation. That is a bearish pattern calling for a a test of Support at 176.500. Most likely by the time of the test, the 1W MA50 (blue trend-line) will be very close to provide the first level of long-term Support. Notice that the 1W RSI is on Channel Down pattern similar to the April - August 2021 H&S and so does the 1W MACD which is coming off a Bearish Cross. That pattern eventually hit its Support once completed. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
🚨EURGBP will Fall By Bump-and-Run Top Pattern🚨✅ EURGBP was able to make a Bump-and-Run Top Pattern . 🔨 EURGBP Broke the support line a few hours ago, and now it is on the Run phase of the Bump-and-Run Top Pattern. 🔔I expect the EURGBP will fall at least to the 🟢Support zone🟢 in the next hours. Euro/British Pound Analyze ( EURGBP ), 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.
Short
by pejman_zwin
39
GBPCAD - Bearish Double TOP 📉 Hello Traders ! On Friday 22 Sep, The GBPCAD Broke a Strong Support Level (1.65373-1.67148) This Key Level Becomes a New Resistance Level. The Price Created a New Correction in The Previous Week! Currently, The Price Formed a Double TOP Pattern. The Neckline is Broken. So, I Expect a Bearish Move ! i'm waiting for retest... ----------- TARGET: 1.63830🎯 ___________ if you agree with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
Short
by Hsan_BenAhmed
11
HelenP. I British Pound can continue to decline to $0.8600Hi folks today I'm prepared for you British Pound analytics. A few time ago price bounced from the trend line and made a strong upward impulse to 0.8630 points, thereby breaking the 0.8575 support level. After this movement price made a correction to this level, which coincided with the support zone, and then repeated impulse to the 0.8675 resistance level, which coincided with the resistance zone too. Also, the British Pound entered to wedge, where it broke the 0.8675 resistance level and rose higher, but soon it rebounded below. The price tried to back up but failed and made an impulse down to trend lime, which coincided with the support line of the wedge. As well soon price made a fake breakout from this line, but failed and rose higher. But recently finally broke this line and now British Pound trades near. For my mind, the price can make a movement up, higher of the trend line, and then continue to decline. That's why I set my target at the 0.8600 level. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
7
British Pound can continue to move up inside upward channelHello traders, I want share with you my opinion about British Pound. By observing the chart, we can see that the price some days ago started to decline inside the downward channel, where it broke the 1.2270 level and declined until to buyer zone, breaking the 1.2125 support level too. After this price rebounded and made a strong upward impulse to the 1.2270 level, which coincided with the resistance line, thereby exiting from the channel. Then the British Pound started to decline and at this moment it fell lower the buyer zone, but soon the price bounced and started to rise inside the upward channel. The inside channel happened gap, after which the price rose to the 1.2270 resistance level again, but this moment it has broken this level, and at the moment British Pound trades near. In my mind, the price can make a correction to the current support level and then it continues to move up. Therefore I set up my target at the 1.2340 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
10
GBPUSD:05/10/2023:🔴More fall for Pound🔴(Important caption)Well, as you can see, the market is totally bearish and we expect weakness of the pound against the American dollar. I follow the price in 2 scenarios. The first scenario (which I follow): I expect that the supply zone can push the price lower at first to the liquidity pool, then to FVG and finally to sell-side liquidity. Second scenario: The previous High which is the High of the supply zone acts like a liquidity pool and the price moves higher to the bearish order block and then falls. (I mentioned the second scenario just because it would be a perfect high-probability setup for a short position if it happens.) 💡Wait for the update! 🗓05/10/2023 🔎 DYOR 💌It is my honor to share your comments with me💌
Short
by VahidTradingCR
1
GBPCAD Waiting for a bullish extension confirmation.The GBPCAD pair has been trading within a Bullish Megaphone for the whole year and is about to test the 1D MA200 (orange trend-line). The recent rebound is taking place on strong technicals as it not only started on the 1W MA100 (red trend-line) but also after a 1D MACD Bullish Cross from oversold levels that we haven't seen since July 2019. If the 1D MA200 breaks and closes a 1D candle above it, the bullish extension will be confirmed and we will buy, targeting the 0.786 Fibonacci retracement level at 1.71110. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
GBPNZD: Counter trend buy. Only short term.GBPNZD closed a strong 1D green candle yesterday, the first of this magnitude after almost one month. The 1D timeframe remains bearish technically (RSI = 39.063, MACD = -0.018, ADX = 72.262) so the trend is still bearish but as the 1D MACD is close to a Bullish Cross, and the 1D MA200 is holding, we can take a counter trend buy and target the R1 level (TP = 2.092225), and the 1D MA50, even though if it follows the stardard format of previous rises, it can go as high as 2.13000. Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
British Pound can rebound down of resistance level to 0.8635Hello traders, I want share with you my opinion about British Pound. Observing the chart, we can see that the price some days ago price rebounded from the 0.8635 support level, which coincides with the buyer zone and started to fall. But later it entered to upward channel, where the price first made a fake breakout of the support line and then continued to grow to the 0.8635 level. After the price reached this level, the British Pound broke it and then made the correction, after which the price continued to rise. Price reached 0.8690 resistance level, which coincide with the seller zone, and even entered to this zone, but soon rebounded below to support line of the channel. Later, the British Pound rose higher of 0.8690 level again, entered to triangle, and started to decline to the support level, thereby exiting from the upward channel. In the triangle, the price rebounded from the support line, reached the resistance line, and a not long time ago broke this line, made a retest, and continued to rise. At the moment price British Pound trades very close to the resistance level, that's why I think that the price can rebound down from the resistance level to the 0.8635 support level, which is located my target. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
2
EURGBP Low risk trades on both sides.EURGBP is consolidating inside a wide Resistance (1) - Support (1) range since May. Last week, the MA200 (1d) even came into play as a Resistance, rejecting the August bullish leg from breaking over on 4 straight candles. It did however cross over the Falling Resistance of 2023. Trading Plan: 1. Sell as long as the (1d) candles close under the MA200 (1d). 2. Buy if the top of Resistance Zone (1) breaks. Targets: 1. 0.85500 (over Support 1). 2. 0.88750 (Resistance 2). Tips: 1. The MACD (1w) has formed since mid September a Bullish Cross. Being on the bearish side, it is a strong sign of bullish potential. Please like, follow and comment!! Notes: Past trading plan:
by TradingBrokersView
GBPUSD - Price can bounce down from resistance area to $1.2000Hi guys, this is my overview for GBPUSD, feel free to check it and write your feedback in comments👊 Some days ago price started to trades inside flat, in which it fell to $1.2620 resistance level, but at once bounced up. Price tried to rise, but failed and started to decline and in a short time, it fell below $1.2620 level, thereby exiting from flat. Also, British Pound later entered a falling channel, where price declined until the support line, breaking $1.2620 and $1.2265 levels. Then, price bounced from this line and rose to $1.2265 level, but recently it declined and now GBP trades near resistance area. I think that British Pound can rise to resistance area and then it bounce down to $1.2000 support line of falling channel. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
4
GBPUSD Is it really that doomed??The GBPUSD pair has completed 2 straight red months (1M candles) after an emphatic rejection within the 1M MA100 (green trend-line) and 1M MA50 (blue trend-line). We rarely look at the 1M (monthly) time-frame but this time it is needed in order to gain a long-term perspective following this rejection and bearish reversal. July's rejection took place none other than the Lower Highs trend-line, the multi-decade Resistance level that started during the 2007/08 Housing Crisis. As you can see this is where the May 2021 top was rejected too. We can view this 16 year price action as a Falling Wedge. Every Lower Highs of the Wedge has been price near the 0.5 Fibonacci retracement level and every Lower Low near the -0.236 extension. So as the title says, is the British Pound doomed? Well on 1 year perspective at least, chances are we should see it testing 1.1000 (at least). The -0.236 extension is much lower at 0.9450. Perhaps 1.0000 (parity) could be a fair target inside 2025. Keep in mind however that Falling Wedges have a tendency to break upwards aggressively. Not entirely applicable to such long term price action (that is vastly affected by fundamentals) but it gives us a certain degree of perspective. We could see the Falling Wedge breaking upwards around 2027. Do you think GBPUSD will keep dropping until then? ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
1