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Gpb

GBPUSD: Buy signal at the bottom of the Rising Wedge.GBPUSD is bearish on its 1D technical outlook (RSI = 34.906, MACD = -0.012, ADX = 45.336) as it almost reached the HL trendline of the Rising Wedge. The technical bottom should start forming now and with the RSI hitting the oversold limit (30.000) on Friday, we can claim that there is a significant upside behind this with limited risk. The similar bottom of October 3rd 2023 targeted initially the 0.618 Fibonacci level. That is our target this time also (TP = 1.03080). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
GBPUSD Will it hold the 1D MA50??The GBPUSD pair has been trading exactly on its 1D MA50 (blue trend-line) for the past two days and so far it held. Today though it appears to be making its first legitimate attempt to break it and if the 1D candle closes below it, we will have a confirmed bearish break-out. This is similar to the August 03 2023 bearish break-out, which was the ultimate medium-term sell confirmation after a long Bullish Megaphone that dictated the trend. As you can see the two fractals are identical, initially declining by around -5% and then rising towards the 2.0 Fibonacci extension through their Megaphones. The 2023 sell signal reached the 0.786 Fib after the break-out and that will be our Target again (1.2550) if the 1D candle confirms that closing below the 1D MA50. ------------------------------------------------------------------------------- ** 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
British Pound can turn around and try to break resistance levelHello traders, I want share with you my opinion about British Pound. By observing the chart, we can see that the price a not long time ago started to decline inside the downward channel, where it first rebounded from the support line and rose to the channel's resistance line. But after this, EURGBP bounced from this line too and continued to decline in the channel to the buyer zone, which coincided with the support level and then price some time traded in this area. Later the price rebounded up, exiting from the downward channel, but after this it made a downward movement, breaking the 0.8540 level again. Soon, GBP turned around and started to rise inside from an upward pennant, where it broke the support level one more time, making a fake breakout. After this, the price made a correction to the support line of the pennant and then made an impulse up to the resistance line, thereby breaking the 0.8615 level, which coincided with the seller zone. But a not long time ago British Pound turned around and in a short time declined below the resistance level and now it continues to decline. In my mind, EURGBP can fall to the support line, after which the price will turn around and rebound up to the resistance line of the pennant, breaking the resistance level. So, that's why I set my target at the 0.8635 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
BoE Rate Decision Sparks Divergence between BTC/GBP and GBP/USD I bring exciting news that presents a unique opportunity to leverage the recent Bank of England (BoE) rate decision in your trading strategies. The resulting divergence between BTC/GBP and GBP/USD has created a temporary relationship with immense potential for predicting appropriate moves. Let me shed light on this exciting prospect and inspire you to act. As you are aware, the BoE recently announced its decision to maintain interest rates, but more importantly, it provided forward guidance indicating a potential shift towards a more hawkish stance shortly. This development has had a profound impact on the currency market, leading to a divergence between the British Pound (GBP) and Bitcoin (BTC) against both the US Dollar (USD) and each other. The GBP/USD pair has experienced increased volatility as the hawkish sentiment from the BoE has strengthened the Pound against the Dollar. Simultaneously, BTC/GBP has witnessed a contrasting movement as the cryptocurrency market reacts differently to the BoE's decision. This discrepancy between the two pairs presents a remarkable opportunity for astute traders like yourselves. Now, you might wonder how to capitalize on this temporary relationship. Well, let me offer you some suggestions: 1. Observe the correlation: Monitor the movements of BTC/GBP and GBP/USD closely. Look for patterns and correlations that emerge due to the BoE rate decision. Identifying these relationships can provide valuable insights into potential trading opportunities. 2. Utilize technical analysis: Apply your skills to BTC/GBP and GBP/USD charts. Identify critical support and resistance levels, trend lines, and indicators to gauge potential entry and exit points. This approach can help you make informed decisions based on the temporary divergence. 3. Stay updated with the news: Keep a keen eye on the BoE, GBP, and BTC news. Any new developments or statements from central bank officials can significantly impact the temporary relationship. Knowing these factors will allow you to adapt your trading strategy accordingly. 4. Leverage risk management: As with any trading opportunity, it is crucial to manage your risk effectively. Set stop-loss orders, define your risk-reward ratio, and diversify your portfolio to mitigate potential losses. By employing prudent risk management practices, you can safeguard your capital while aiming for profitable trades. Remember, this temporary divergence between BTC/GBP and GBP/USD is an opportunity that may not last forever. By acting now and capitalizing on this unique relationship, you can make well-informed trading decisions that align with the prevailing market sentiment. So, fellow traders, let us embrace this exciting prospect with optimism and determination. Stay vigilant, adapt your strategies, and make the most of this divergence to predict
by bryandowningqln
GBP rebounded strongly, beware of traps!GBP/USD GBP/USD continued its technical correction rebound in the short period and climbed above 1.190.However, from the daily line, although GBP/USD has rebounded significantly, it is not enough to change the daily short trend, indicating that the overall trend of GBP/USD at a large level is still weak.In the 4-hour chart, the short-term sustained rebound caused the market to get rid of the weak downward channel and return to the previous level of the channel. Although it still belongs to the downward channel as a whole, the short-term weak market has been technically improved. At present, there has been a decline in the rebound market, which proves that the upward momentum is gradually being consumed, but as long as it can be maintained at the position above 0.190, it is possible to challenge the position above 0.196. If 0.190 cannot be supported, the pair may fall again and touch the boundary position of the descending channel line. In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
Short
by Blessed_V
Gbpcad more up side?**Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared. Thank you, and please do your due diligence before any putting on any trades!
Long
by Shadowing_The_Big_Boys
GBPUSD M30: Bearish outlook seen, further downside below 1.12900On the M30 time frame, prices are facing bearish pressure from the resistance zone at 1.12900 which coincides with the graphical support-turned-resistance zone, 61.8% Fibonacci retracement and 100% Fibonacci extension. A pullback to the 1.12900 resistance zone presents an opportunity to play the drop to the support target at 1.11500, in line with the 78.6% Fibonacci extension. Ichimoku cloud is showing signs of bearish pressure as well, supporting the bearish bias.
Short
by T3-Consultancy
1
Trend change for GBPNZD❓Earlier on this evening UK time we had a buy alert for GBPNZD Is the trend changing for this pair? Trend trade identified and entered. Working 45M timeframe on this strategy. Trade details can be found on the chart in printed label. All the TP values same in label as that's what I'm aiming for on this strategy. Trade box is tracking the trade. Want to know how I identified this trade you know what to do. Thanks for looking Darren🙌
Long
by pow_removetheguesswork
1