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Britishpound

GBPUSD: Sell opportunity after a Double 1D MA200 rejection.GBPUSD is trading within a +2 year Bearish Megaphone and since April 15th has had a double rejection on the 1D MA200 (RSI = 47.993, MACD = 0.001, ADX = 26.766). Even though the 1D technical action is neutral, this is not an encouraging development and since the 1D RSI can't get past the 5 month Resistance Zone, we are taking this as a bearish signal. Our medium term TP is the 1.2000 Symmetrical Support. Previous Signal: ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Short
by InvestingScope
2
Double Top Fractal on GBP/USDThe double top is a bearish pattern. What is interesting to see is that GBPUSD is making a perfect fractal here on the second top so far compared to the first top. Even the two larger volatility candles where the rush to the top and the strong rejection takes place get copied exactly. They have a 16 days distance in-between them. The most logical scenario is now to monetize the continuation of the fractal and hold a short position when GBP/USD starts the new tradingweek. There is a slight bullish offset from the first pattern to the second, so you could consider setting the take profit slightly higher and therefore more conservative. 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!
Short
by Trading-Guru
7
Cable (GBP/USD) Great Short Opportunity After the Sudden SurgeLet's look at GBPUSD again. Currently the price is directly at a resistance zone, that seems to get confirmed now by the rejection on the wick and the two very involatile candles directly after. Admittedly, my last trade on GBPUSD where I was bearish already didn't work out at all and got into the stoploss really quickly. Thought, I remain bearish, and the recent surge of GBPUSD gives us an even better risk reward on such a trade. We can also take the confluence this time of the RSI that just got overbought. Another bearish signal that indicates a possible reversal. 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! Recent success stories:
Short
by Trading-Guru
13
GBPUSD Update. Posibility for LONG positionsHello everyone! This is an update on GBPUSD! The price break through trendline and rallied to first important price level as I marked it before. Now I see a consolidation at this level with a perspective to buy after price will go higher than the actual level. This is just my analysis and it is not 100% accurate. Follow your own rules of entry! Hope my analysis help you to Take Profits from market. If you like my scenarios support me with a like or comment. Thank you! Have a green week!
Long
by PutUrHandsUp
Just my thought about GBP/USD🧐Friends, I just wana share with you my thoughts on GBP/USD while I look around the market.🧐🧐 🤫To be honest, I choose the entry point very carefully and don't focus on one or two trading pairs. 👩🏻‍🎓I'm still learning ... If you have any interesting thoughts and tips on working on Forex, I'll be grateful if you share it with me. In the meantime, I share with you my vision of further movement GPB/USD🙌🏻 Stay with me!💋 Your Rocket Bomb🚀💣
by RocketBomb
4
GBP/USD Can't Break Through $1.25 [Quick Updates]Hey all, here’s another entry on my tradingview series called 'Quick Updates'. GBP/USD hitting an important zone of resistance again. The 1.25 zone remains to be one of psychological support and resistance. I don't expect the price to break through this time, and we will probably see a downward trend from this point. --- What is The Quick Update Series All About? --- I have started a new tag (quickupdates) where I quickly share great opportunities based on TA for shorter timeframes, such as 4h, 1h, and 15m. It will contain a brief explanation with clear and clean charts in order to keep the velocity up and make sure you get to see the opportunities as fast as possible. 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! Recent success stories
Short
by Trading-Guru
6
GBPUSD | Possible Head & Shoulders Please support this idea with LIKE if you find it useful. We have a Head & Shoulders forming. If there is a confirmed breakout of Ichi Cloud we can continue forming the Right Shoulder. So short position can be initiated. If price breaks the Support of the Formation then pattern will be confirmed and we can also 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
10
GBPUSD | Failed to Cross in Ascending ChannelPlease support this idea with LIKE if you find it useful. Price failed to cross back into an Ascending Channel. If this failed attempt will be confirmed by candle's close we can expect the lower boundary of the Ichi Cloud will be tested. In case we have a confirmed breakout of the Ichi Cloud 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
15
Breakdown OKGBP Index will reveal that there had been a valid breakdown (it is also detectable on GBPUSD chart but not as clear as we can not see there that 21.04 9:00 was a breakdown candle). GBPUSD trends below 50 SMA on daily. Downtrend is also detectable on GBPUSD weekly. On 4 hrs GBPUSD faced DeMark pivot weekly resistance and major downtrend-line. Price might test the trendline and even make a false break. Also GBP Index is likely to test 50 SMA. Having established that breakdown is valid we will see a drop to DM projected target. For educational purposes only. Top correlation 1 GBPUSD - GBPJPY 95.7% 2 GBPUSD - GBPSGD 90.2% 3 GBPUSD - SCI25 89.4% 4 GBPUSD - SEKJPY 88.0% 5 GBPUSD - USDSEK -86.8% 6 GBPUSD - USDCNH -86.4% 7 GBPUSD - SPA35 84.8% 8 GBPUSD - USDNOK -84.7% 9 GBPUSD - EURGBP -84.7% 10 GBPUSD - JPYX -84.6%
Short
by ICFX
8
EUR/GBP Reversal of trend! [Quick Updates]Hey all, here’s another entry on my tradingview series called 'Quick Updates'. Here's a nice setup for you using horizontal support and resistance on the 15m. A great way to start trading here, as you'll get feedback quickly and the percentage gains or losses are small. I showed my suggestions for take profit and stop loss on the chart. We've seen this horizontal support for a while now, but it's nice to see that it just got confirmed after a clean bounce off this level. This can give us indication of a short term trend reversal, and we can monetize this scenario by trading a LONG position. --- What is The Quick Update Series All About? --- I have started a new tag (quickupdates) where I quickly share great opportunities based on TA for shorter timeframes, such as 4h, 1h, and 15m. It will contain a brief explanation with clear and clean charts in order to keep the velocity up and make sure you get to see the opportunities as fast as possible. 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
7
GBPUSD | Losing the Horizontal Support ZonePlease support this idea with LIKE if you find it useful. Price was rejected of the Local Resistance and now can lose the Horizontal Support Zone. In case we have the confirmed breakout 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
7
GBPUSD. Projection for next week. Posibility for LONG positions.Hello everyone! Last week GBPUSD rejected 1.22600 and started to move in an upwards channel. Friday the price break through descendent trend line and my projection is that price may go up to 1.24400 and aiming for 1.26400 but only after we see another swing low and also price rejection from new uptrend trendline. I am posting scenarios which include sell opportunities as I see them. Nothing is 100% accurate and neither my analysis. Trade your own thoughts! I hope you can take profits from my analysis! Thank you for reading and don`t forget to give a like or a comment!
Long
by PutUrHandsUp
GBPUSD | Rejected by Ichi Cloud Please support this idea with LIKE if you find it useful. Price was rejected by the 50 MA + Ichi Cloud resistance zone. Currently we have price sitting on the Mid Line of the Descending Channel. In case there is a confirmed breakout of the Mid Line 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
20
GBPUSD | Downward Breakout of an Ascending TrianglePlease support this idea with LIKE if you find it useful. Great breakout of the Ascending Triangle to downward and further rejection of its lower boundary. Also we crossed the 50 MA to downward, in case we lose the Ichi Cloud 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
12