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Britishpound

British Pound can exit of range and continue move down to 1.2580Hello traders, I want share with you my opinion about British Pound. By observing the chart, we can see that the price a few moments ago declined inside the downward channel, in which it fell below the 1.2870 resistance level to support line of the channel. After this price rebounded from this line and made a strong upward impulse to 1.3000 point, thereby exiting from the downward channel, but at once started to decline and fell back to the resistance line. Next, the British Pound bounced up to the resistance level, which coincided with the seller zone, and soon rebounded down and entered to range. Inside range, the price fell to the 1.2655 support level, which coincided with the buyer zone, but soon bounced back and some time traded near this level. After the price fell to the bueyr zone again, it later rebounded and rose to the top part of the range, and a not long time ago British Pound rolled down of top part and fell back. But soon it rebounded from the buyer zone and at the moment British pound trades near the support level, and I think that the price can continue to move down to the support level and maybe the price can try to break it. After a breakout, the British Pound can make a retest and then continue to decline, thereby exiting from range. Therefore I set up my target at 1.2580. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
5
British Pound can break support level and fall to 0.8520Hello traders, I want share with you my opinion about British Pound. Observing the chart, we can see that the price some day ago bounced from the buyer zone, which coincide with the 0.8555 support level and reached the 0.8655 resistance level, but then it started to fall and entered to the downward channel. Inside the channel, EURGBP declined a lower 0.8555 support level to the support line of the triangle, and then it rebounded up to the resistance line, thereby breaking the 0.8655 resistance level, which coincides with the seller zone. But soon, the price bounced down and fell back to the support line, which coincided this moment with the buyer zone and 0.8555 support level. After this movement, the British pound rolled up to the resistance line, made a fake breakout of this line, and reached the 0.8655 resistance level. But a not long time ago price fell back to the support line and even broke it and now the British Pound trades near the 0.8555 support level. In my mind, EURGBP can decline to support level and try to break it. If the price breaks this level, it can make retest and continue to fall. For this reason, I set up my target at 0.8520. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
2
GBPUSD - Price can bounce from resistance line and start to fallHi guys, this is my overview for British Pound, feel free to check it and write your feedback in comments👊 After price bounced from $1.2675 support level, which coincided with support line, it rose to $1.2990 resistance level. British Pound broke this level and rose to $1.3140 point, but soon rolled down and started to decline. When price started to decline, it broke again $1.2990 level, which coincide with resistance area, and entered to falling channel. In channel, price fell to $1.2675 support level, which is located inside support area, but recently it bounced up. Now it continues to trades in channel and I think that British Pound can bounce down from resistance line and start to fall to $1.2500, breaking support level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
11
GBPUSD: Channel Up broken downwards. Bearish mode right now. GBPUSD crossed under its four month Channel Up pattern, as well as closing under the 1D MA50, thus turning the 1D timeframe bearish (RSI = 43.717, MACD = -0.001, ADX = 34.501). Currently this is a sell signal, targeting the 1D MA100 (TP = 1.2625). Every Support (S) broken, will be a sell signal for the next one. We are buying only if the price crosses over the 0.618 Fibonacci level or the 1D MACD completes a Bullish Cross. In both events, our target will be the 1.382 Fibonacci extension (TP = 1.3335). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
7
HelenP. I British Pound can make a movement down and bounce upHi folks today I'm prepared for you British Pound analytics. A few days ago price bounced from the 1.2685 support level, which is located inside the support zone, and made a strong impulse to the 1.2950 resistance level. Also then, the price broke the 1.2950 level too and rose higher even than the resistance zone, but soon British Pound started to decline. Price entered to downward channel, in which it declined below the 1.2950 resistance level, thereby breaking it again and falling to the support line of the channel. After this, the price tried to back up, but when it reached the resistance level, British Pound rebounded down and continue to decline to the 1.2685 support level. But a not long time ago it bounced from the support level and started to rise. At the moment, British Pound continues to trades in a downward channel and I expect that it can decline to a support level again and then rebounded. For this reason, I set up my target at the 1.2800 level, which coincides with the support line of the downward channel. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
10
EURGBP - Price can continue to trades inside rising channelHi guys, this is my overview for EURGBP, feel free to check it and write your feedback in comments👊 Some days ago price bounced from support line and rose to resistance line of triangle, thereby breaking $0.8630 level. After this, British Pound started to decline and fell to $0.8565 support level, which coincide with support area. Also, price exited from triangle and entered to rising channel, where it later reached $0.8630 resistance level again. Then price tried to rise higher, but after British Pound touched the resistance line of channel, it bounced down and now trades below $0.8630 In my mind, price can rise to resistance level and then bounce down to $0.8590 point, which coincides with support line of rising channel. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
6
GBPCAD: Double long term Buy opportunity.GBPCAD is testing the 1D MA50 as Support on neutral 1D technicals (RSI = 49.135, MACD = 0.001, ADX = 29.493). This is an early buy signal. However since the long term pattern is a Channel Up, the downside potential extends as low as its bottom of the HL trendline. Throughout its formation, the 1D MA100 has constantly provided Support, more specifically three times since February 16th. Consequently, if a 1D candle is closed under the 1D MA100 (again it will be the first time inside this eight month Channel Up), we will add a second buy position near the 1D MA200. The current buy (1D MA50) targets the top of the Channel Up (TP = 1.74500), the lower buy targets the 1.382 Fibonacci extension (TP = 1.75150). 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
10
EURGBP Wait for a higher sell entry.The EURGBP pair is trading within a Channel Down pattern since the February 03 High and right now is attempting to make a rebound on the 1D MA50 (blue trend-line). The Resistance from the recent High is at 0.87025 (Resistance 1) and is near the spot we expect the next rejection to take place as it is also where the 1D MA200 (orange trend-line) is. We will use that opportunity to sell and target initially Support 1 (0.85050) and then Support 2 (0.84100) in extension. A good sell confirmation signal can be when the 1D RSI breaks below its Higher Lows trend-line, followed by a rejection on the 1D MA50 as a Resistance. ------------------------------------------------------------------------------- ** 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
4
GBPNZD: Supported on the 1D MA50. Trade these levels.GBPNZD has turned sideways basically for a whole month (since June 28th) as it is restrained under R1 (2.092225) while being supported by the 1D MA50. This has turned the 1D timeframe neutral (RSI = 53.387, MACD = 0.005, ADX = 22.546), which is an expected technical outcome. We will trade this setup on a breakout basis. A crossing over R1 is a buy signal targeting an aproximate +4.95% rise (TP = 2.15000). A crossing under the 1D MA100 and naturally the HL of the Rising Megaphone, is a sell signal targeting S1 and the 1D MA200 (TP = 1.98500). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
by InvestingScope
2
HelenP. I After broke trend line, British Pound can make retestHi folks today I'm prepared for you British Pound analytics. Some days ago price fell to the 0.8550 - 0.8535 support zone, which coincide with the support level and soon it bounced and made impulse up to the 0.8655 resistance level. After this, EURGBP started to decline and fell lower at the 0.8550 - 0.8535 support zone, thereby breaking the support level, but at once it rebounded from it and made a strong impulse higher of 0.8655 resistance level, which coincide with the resistance zone. Also later, the price reached the trend line and then bounce down to the support level, breaking the resistance level. But a not long time ago, British Pound rebounded up from the 0.8550 support level, broke the trend line, and now continues to trade near the trend line. I expect that price can make a retest of the trend line and continue to move up. Therefore I set up my target at the 0.8615 level. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
10
British Pound can bounce from seller zone and continue to riseHello traders, I want share with you my opinion about British Pound. By observing the chart, we can see that price a few days ago declined to support line of the upward channel, thereby breaking the 1.2500 support level, which coincides with the support area. Inside channel price rebounded from the support line and made impulse up to the resistance line of the channel, thereby breaking the 1.2500 support level again. After the price reached the resistance line, it at once bounced down and made a small correction, and then continued to rise. The British Pound rose higher at the 1.2850 level and the seller zone and even later made a fake breakout, after which bounced down to the support line of the upward channel, breaking of 1.2850 level. But a not long time ago price backed up and now trades inside the seller zone. In my mind, the price can rebound from the seller zone and start to rise to the resistance line of the upward channel. For this reason, I set up two targets, the first target at the 1.3000 level. As well, I think the price, after reaching the first target may continue to grow. Therefore I set up a second target at the 1.3185 level, which coincides with the resistance line of the upward channel. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
4
GBPAUD Buy signal at the bottom of the Channel UpThe GBPAUD pair gave us an excellent buy signal last time we looked at it (see chart below) on May 9: The price remains within the 6 month Channel Up pattern and is currently rising after a Higher Low formation on the 1D MA50 (blue trend-line) early this week. This is a bullish signal, based on which we are targeting the 1.97300 Resistance. That would be a +4.65% rise from the bottom, which as this chart shows, has happened twice. If however the price breaks below the Channel Up, we will open a short when it breaches the 1D MA100 (green trend-line), which is holding as Support since March 03 2023, and target the 0.5 Fibonacci level at 1.83150. That will make also contact with the 1D MA200 (orange trend-line). An early sell signal will be when the 1D RSI breaks below the Higher Lows trend-line that is holding since March 07 2022. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
3
HelenP. I British Pound can continue to move downHi folks today I'm prepared for you British Pound analytics. Some days ago price bounced from the support zone, which coincide with the 1.2660 support level, and rose to 1.2850 point. But soon price started to fall and declined to the trend line, thereby breaking the support level with the support zone. Next, the price rebounded up and made a strong impulse up to the 1.2960 resistance level, which is located in the resistance zone, breaking the support level again. The British Pound rose more and later started to decline and a not long time ago, it fell back to the resistance level and recently declined below it. Also, the price continued to move down and in a short time fell to the trend line and a few time ago broke it and at the moment trades near it. I expect that the British pound can make a little movement up and then continue to fall. Therefore I set up my target at the 1.2750 level. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
7
EURGBP - Price can bounce to resistance line and try to break itHi guys, this is my overview for EURGBP, feel free to check it and write your feedback in comments👊 A few days ago price some time traded near support level, which coincides with support area. And after price declined below theirs, then bounced up, but soon fell back. Next, price made upward impulse to next level, which coincided with resistance area, and then started to fall in falling channel. In channel, British Pound declined below $0.8550 level, but later it made upward impulse to resistance line. Thereby exiting from channel and breaking two levels, now price trades near resistance line in resistance area. British Pound can bounce of support level and start to rise to resistance line, and also, probably price can break this line and continue to move up to $0.8685 level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
6
GBPAUD: Surgical buy and sell trades until the Channel breaks.GBPAUD is trading inside a Channel Up and the recent rejection on its HH trendline has turned the 1D timeframe neutral technically (RSI = 51.719, MACD = 0.007, ADX = 31.058). This is a sell signal which on the short term extends to the 1D MA50 (TP1 = 1.891500). If the price action closes a candle under the 1D MA50 and the HL trendline, we will sell again, targeting the bottom of the Channel Up (TP2 = 1.8800). Any holding of the 1D MA50 or the bottom of the Channel Up, will be a buy signal which targets the 0.5 Fibonacci level from each bottom. If the price closes under the Channel Up, we will sell for a third and final time, aiming at the 1D MA200 and S2 (TP3 = 1.84000). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope