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Britishpound

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
HelenP. I British Pound will break support level and fall lowerHi folks today I'm prepared for you British Pound analytics. Some time ago price rebounded from the resistance level, which coincided with the resistance zone, and tried to rise, but failed and in a short time turned around and made a strong impulse down to the support level, breaking the 0.8570 level. After this movement, GBP turned around from the 0.8530 level and started to rise to the resistance level, and when it reached this level, the price broke it and even later reached the trend line. Next, the price broke this line, after which GBP turned around and started to decline near the trend line, thereby soon breaking the resistance level one more time. Some time later price tried to back up, but failed and continued to fall between the trend line until it reached the 0.8530 support level, which coincided with the support zone. After this, the price some time traded near this level and then bounced up to the trend line, but recently it rebounded from this line and fell back. Now, the British Pound continues to trades near the support level and I expect that it will reach the trend line again. Then GBP rebounded and declined to a lower support level, thereby breaking this level. For this case, I set my target at the 0.8520 level. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
GBPJPY Supported by the 1D MA50.The GBPJPY pair has been trading within a Channel Up since late May 2023. Recently it has been rising on a shorter term Channel Up (dotted) supported by the 1D MA50 (blue trend-line). As long as it does, we have to stay bullish short-term, targeting the top of the Channel at 195.000. Since however the blue Channel Up has already completed a symmetrical Higher High leg at +8.24% (similar to the August 22 2023 Higher High), we face a technical necessity for a strong pull-back. We are willing to take this sell only if the pair closes a 1D candle below the 1D MA50. When it does, we will take the loss on the buy and short towards the 1D MA200 (orange trend-line), targeting 186.500. ------------------------------------------------------------------------------- ** 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
1
British Pound can little correct and then continue to move upHello traders, I want share with you my opinion about British Pound. Looking at the chart, we can see how the price fell to the seller zone, which coincided with the resistance level and at once bounced up, but soon GBP turned around and made impulse down lower 1.2580 level, breaking it. After this movement, the price started to rise inside the upward channel, where it broke the 1.2580 level again and later reached the channel's resistance line. Next, the price bounced down to the seller zone, after which it turned around and in a short time rose almost to the resistance line of the channel. But, when the price rose to 1.2710 points, GBP turned around and started to decline inside a downward wedge, where the price some time later exited from the upward channel. Also soon, the price broke the 1.2580 level and fell to the support line of the wedge, after which GBP rebounded and rose to the resistance line of wedge. Price little declined near this line and then bounced down to the support line, but a not long time ago British Pound rebounded from the support line and exited from a wedge pattern. Now, I think that price can make a little correction, after which GBP will continue to move up to the 1.2580 resistance level, which is my 1st TP. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
3
GBPUSD Rebound expected but bearish overallThe GBPUSD pair has been trading within a Channel Down (dotted) since the March 08 2024 High, which can be considered a Lower High on a potentially emerging (dashed) Channel Down. At the same time, the downside on the long-term is limited by a Higher Lows trend-line that was initiated on the March 08 2023 Low. We will formulate our strategy accordingly. On the short-term we expect a rebound towards the 1D MA50 (blue trend-line) and the 0.382 Fibonacci retracement level (such as the August 30 2023 High), targeting 1.2570. On the medium-term, we will stick to the (dotted) Channel Down, targeting the Higher Lows trend-line at 1.2300, which is also above the 0.786 Fib (the October 03 2023 Low hit it marginally). ------------------------------------------------------------------------------- ** 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
HelenP. I British Pound will continue move up to trend lineHi folks today I'm prepared for you British Pound analytics. Some time ago price in a short time rose to the 1.2765 resistance level, which coincided with the resistance zone, and soon broke it, after which GBP rose to the trend line. Then the price turned around and started to decline in the downward channel, where the price declined lower the 1.2765 level, breaking it one more time and later falling to the channel's support line. Next, GBP tried to back up, but failed and made a fake breakout of the resistance level and at once made a strong impulse down to the support level, which coincided with the support zone. After this, the price bounced up from the 1.2575 level and some time traded near this level, but later it declined to the support zone, after which GBP a not long time ago rebounded and tried to rise to the trend line, but failed and declined back to the support level. For my mind, the British Pound will fall almost to the support level and then continue to rise to the trend line, therefore I set my target at 1.2680 points. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
GBPNZD Dip buy opportunity on the 1D MA50.The GBPNZD pair gave us a strong buy signal last time we called on it (January 05 2024, see chart below) and even broke above the former Channel Down pattern: The trend transitioned into an Inverse Head and Shoulders (IH&S) and recently broke above its top. It has formed the first 1D Golden Cross in 1 year (since March 27 2023), so on the long-term we have confirmed a new bullish trend. Right now we are looking for a short pull-back towards the 1D MA50 (blue trend-line) followed by an aggressive expansion towards the 2.0 Fibonacci extension, which is the typical target of the IH&S. Our target is lower on Resistance 1 at 2.15900. ------------------------------------------------------------------------------- ** 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
GBPJPY Bullish Long side Robbery on GJ BankHola Traders, This is our Day Trade master plan to Heist Bullish side of GBP/JPY BANK . my dear Looters U can enter at the any point above my entered area, Our target is Red Zone that is High risk Caution area, If There is any Bad news it make our heist very sad and if the news is favorable for us then we can continue our looting from there with help of trailing stop. My dear Robbers please book some partial money it will manage our risk. Be safe and be careful.
Long
by Thief_Trader
1
GBPAUD Sell signal on 1D MA200 Bearish Break-outThe GBPAUD pair gave us an excellent buy signal last time we looked at it (December 29 2023, see chart below), easily hitting our 1.9000 Target: This time we have a Sell Signal that the pair just flashed as it just broke today below the 1D MA200 (orange trend-line) for the first time since January 15. Last time that happened was on December 13 2023, when GBPAUD also broke below a Triangle pattern and reached as low as the 1.5 Fibonacci extension level. The RSI patterns of the two sequences are also similar, being within Channel Down patterns. As a result, we turn bearish on this pair today, targeting 1.9000. ------------------------------------------------------------------------------- ** 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
GBPUSD - Price can bounce up from support area to $1.2660Hi guys, this is my overview for GBPUSD, feel free to check it and write your feedback in comments👊 Recently price entered a falling channel, where it soon declined to $1.2800 resistance level and broke it. After this, GBP tried to back up, but when it entered to resistance area, price at once bounced and continued to decline in channel. Soon, price reached support line and then bounced up to resistance level, after which turned around and fell back. Then GBP exited from falling channel and started to trades in flat, where price at once made fake breakout of $1.2600 level. Later price bounced from supprot area and rose to top part of flat, but in a short time fell back. Now, British Pound trades near this area in flat, and I think price can fall to it and then bounce up to $1.2660 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
British Pound can fall to support level and then rebound upHello traders, I want share with you my opinion about British Pound. If we look at the chart, we can see how the price some days ago it rebounded down from the 0.8575 resistance level and broke it, after which the price started to trades in the range, where it declined to the 0.8530 support level, which coincided with the buyer area. Then GBP bounced from this level and quickly rose to the resistance level, after which turned around and made impulse down to 0.8500 points, thereby exiting from the range and breaking the support level with the buyer area. But soon, the British Pound turned around again and started to rise in an upward channel, which soon broke the 0.8530 level again and reached the resistance line of the channel. After this movement, the price corrected the support line and then made a strong impulse up to 0.8600 points, thereby exiting from the upward channel and breaking the 0.8575 resistance level, which coincided with the seller zone. But a not long time ago price started to decline and fell lower resistance level, breaking it again, and now GBP trades near the support level. So, I think the British Pound can decline to support level again, after which it will turn around and start to move up. For this reason, I set my target at the 0.8560 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
1
HelenP. I GBP can fall to support zone, where it turns aroundHi folks today I'm prepared for you British Pound analytics. A few moments ago, the price rebounded from support 1 and made a strong impulse down to the trend line, breaking support 2, which coincided with the support zone. Also then, GBP started to trades in a triangle, where it turned around from the trend line and in a short time rose to support 2, broke it, and continued to move up. Soon, the price reached support 1, but at once rebounded, and some time traded below this level until it reached the trend line, and then GBP made a fake breakout of this line, after which the price made impulse up, breaking support 1, which coincided with one more support zone. Then the price rose to 0.8600 points, after which turned around and started to decline, and at the moment, the British Pound trades near the support zone. For this reason, I expect that the EURGBP will decline to a support level, after which the price will turn around and start to move up. Therefore I set my target at the 0.8585 level. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
British Pound can decline to buyer zone and then start to growHello traders, I want share with you my opinion about British Pound. Observing the chart, we can see that the price some days ago reached the 1.2770 resistance level, which coincided with the seller zone and at once rebounded down to the support level, and when it fell to this level, the price declined lower, breaking the 1.2575 level. After this, the price turned around and started to rise in an upward channel, where GBP soon rose to the channel's resistance line, but a t once fell back to the buyer zone. In a short time, the price continued to rise in the channel and later it reached the resistance line again. Still, this time it exited from the upward channel, and rebounded from the support line to the resistance line, thereby breaking the 1.2770 level. After this movement, GBP turned around and in a short time declined to the 1.2770 level, broke it, and fell to the support line, but soon price rebounded and rose to the seller zone. Then GBP rebounded from this zone and declined lower resistance and support lines, thereby breaking them, and now the price trades near the support level. In my opinion, British Pound can fall to the buyer zone, after which it turns around and starts to move up, therefore I set my target at the 1.2665 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
Swing trade short for GBP/USDGBP/USD makes for a really interesting short setup. It saw a strong rally and eventual false break / mini blow off top above the December high, before a sharp reversal lower on Monday. It fell back beneath the December high, and a rising wedge (bearish reversal during a down move) stalled at the 50% retracement level, just beneath the December high. - The wedge projects a pattern around the 1.2723 low, making it a minimum price objective for bears. - Also note the 61.8% Fib projection sits right on the high-volume node ~1.2723, making it another potential target for bears.
Short
by CityIndex
Strifor || GBPUSD-Week StartingPreferred direction: BUY Comment: The bullish mood this week is also typical for the pound . Here, as well as for the euro , most likely the medium-term prospects will develop in favor of the buyer. As with the euro , the first half of the week will most likely be bearish for this currency pair, and in the second half of the week we can expect a start to recovery. The time frame for the trade is 1-2 weeks. Both scenarios are displayed on the chart with a common target at the level of 1.28000 . More likely scenario №1 . It should be noted that the level of 1.28000 is a serious resistance, but not as insurmountable as before. Therefore, there is a high probability that long-term prospects will fall above this level after it is broken. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for boost and share your views!
Long
by Strifor
1