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Britishpound

GBPCAD Analysis(➡️RR=2.00)🏃‍♂️ GBPCAD is moving near 🟡 Potential Reversal Zone(PRZ) 🟡and 200_SMA(Daily) . 🌊Regarding Elliott Wave theory , GBPCAD is completing the Expanding Flat(ABC/3-3-5) corrective structure. 💡Also, we can see Regular Divergence(RD+) between two Consecutive Valleys . 🔔I expect GBPCAD to rise to at least the 🔴 Resistance zone(1.715 CAD-1.700 CAD) 🔴 after breaking the Resistance line . British Pound/Canadian Dollar ( GBPCAD ) 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.
Long
by pejman_zwin
1
HelenP. I GBP can exit from wedge and try break resistance levelHi folks today I'm prepared for you British Pound analytics. Some time ago price traded near the resistance zone, which coincided with resistance 1, but later it fell to this level, reached the trend line, and at once rebounded and made a strong impulse up to resistance 2. In a short time price broke this level, which coincided with one more resistance zone and rose higher. But soon, GBP turned around and started to decline back to resistance 2. Later price declined below this level, thereby breaking it again, and then continued to decline to the 0.8550-0.8565 resistance zone, and soon GBP broke resistance 1 and declined to the trend line, forming a wedge pattern. After the price traded near this line it rebounded from the trend line to the resistance line of the wedge, where the price continues to trades near. For my mind, I expect that the British Pound will make a little correction, after which the price turn around and start to rise to a resistance level. When the price reaches this level, GBP can try to break it and then make a retest, after which the price will continue to move up. So, for this reason, I set two targets, the first target at the 0.8550 resistance level, and the second - at the 0.8600 level. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
British Pound can rebound up from buyer zone to 1.2700Hello traders, I want share with you my opinion about British Pound. Looking at the chart, we can see how the price some days ago rebounded from the support line of the triangle and made a strong upward impulse to the resistance line, thereby breaking the 1.2610 support level, which coincided with the buyer zone. After this, the price bounced from the resistance line and in a short time declined to support line back, breaking the 1.2610 level again, but soon rebounded and made an upward impulse one more time. GBP exited from the triangle and entered to range, where it at once rose to the 1.2785 resistance level, which coincided with the seller zone, but soon rebounded back to the support level. Then GBP repeated movement up and rose to the seller zone, but later in a short time declined back to the 1.2610 level, making a fake breakout of the resistance level. A few moments later price made an upward impulse to the resistance level, then made the correction, after which it tried to rise back to the 1.2785 level, but near this level, GBP turned around and in a short time declined to the support level. At the moment, the price trades near this level and I think the British Pound can fall to the buyer zone, after which the price turn around and start to move up in range, so, for this reason, I set my target at the 1.2700 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
GBPJPY Medium-term sellThe GBPJPY pair delivered the best sell signal possible on our last bearish call (November 30 2023, see chart below) as it got rejected exactly on the Higher Highs trend-line back to the Support of the Ascending Triangle: Today's analysis is on the 1D time-frame where you can see that the price then rebounded exactly on the 1D MA200 (orange trend-line) and hit again the Higher Highs trend-line. That makes it again a technical sell opportunity and we can see the price already starting to reverse. So far it continues to be a symmetrical price action with 2021 and early 2022 and along these lines, we can argue that this is a similar Higher Highs rejection with early January 2022. As a result, we are taking that sell opportunity to target the 1D MA200 at 183.000 as the pair did on January 24 2022. When the 1D RSI hits the 30.00 oversold barrier again, we will take a long-term buy position expecting a break above the Higher Highs trend-line this time. We will update on the Target when that time comes. ------------------------------------------------------------------------------- ** 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
GBPCAD Quadruple top on 1D?The GBPCAD pair delivered a solid buy trade last time we analyzed it (October 05 2023, see chart below), easily hitting the 1.71110 Target, on a structure rise: The price is now signaling a bearish call as it has been rejected on the Lower Highs trend-line that started on the July 17 2023 High. This is technically a Quadruple Top if it stays that way and naturally there is strong sell potential behind it. The natural support levels are the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line), the latter of which is trading exactly on the Higher Lows trend-line, which is our first Target (1.6950). If the price closes below the 1D MA200 and Higher Lows trend-line, we will re-short and target the 0.618 Fibonacci retracement level, which is just below Support 1. What makes selling a stronger probability right now is the formation of a 1D MACD Bearish Cross, which has been a sell signal with 100% accuracy for the whole 2023. ------------------------------------------------------------------------------- ** 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 - Price can bounce from support area and continue fallHi guys, this is my overview for EURGBP, feel free to check it and write your feedback in comments👊 Some days ago price entered to flat, where in a short time it fell to support level, which coincided with support area. After this, GBP made strong upward impulse to resistance area, thereby exiting from flat and later it turned around. Price started to decline in falling channel, where it first broke $0.8700 level and fell to support line of channel. Then price bounce continued to decline and soon reached $0.8555 support level, which recently it broke. Next, GBP fell lower but soon backed up, and at the moment British Pound trades in support area. Possibly, price can bounce from this area and continue to decline to $0.8450 support line of channel. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
GBPUSD Tight consolidation. Prepare to trade the break-out.The GBPUSD pair has been trading sideways within the very tight range formed by the 1D MA50 (blue trend-line) and the top (Lower Highs trend-line) of an emerging Channel Down pattern. In fact while the 1D MA50 has been holding since January 17, the Lower Highs have since December 28, already with 3 clear rejections on them. This technical squeeze will naturally break in the coming days and technically the way it first breaks to, that will be the dominant trend for the next 4-6 weeks. If it closes a 1D candle below the 1D MA50, before the 1D MACD forms a Bullish Cross, we will sell and target the bottom of the 1 year Channel Up at 1.2250. If it closes above Resistance 1 (1.2825) while forming a 1D MACD Bullish Cross, we will buy and target the next Resistance at 1.3150. The reason we use the 1D MACD as a parameter is that every full Bullish Cross it made below the 0.00 barrier, was the start of very aggressive rallies. The times that failed to complete it (e.g. August 22 2023), it extended an already strong downtrend. Notice also the relevance of the 1D Golden and Death Crosses. The last 1D Death Cross (October 17 2023) formed a market bottom and started a rise, while the 1D Golden Cross before it (January 11 2023), led to a market top and declined, both of which are the opposite of their technical expectations. Currently we are after a 1D Golden Cross (January 05 2024), so if the previous inverse correlation applies again, it should favor a bearish trend. ------------------------------------------------------------------------------- ** 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: Systemic Top being formed. Sell.GBPJPY is on a bullish 1D technical outlook (RSI = 65.529, MACD = 1.210, ADX = 62.251), which is a natural consequence of the strong 3 week rally since the January 2nd bottom. However this rally appears to have come to an end as not only has the price hit and got rejected twice on the R1 level (188.660) but the 1D RSI has also reach the top of its six month Channel Down and is reversing. The price action's HH trendline is a little higher, so we can allow some space for a final blow off top before a selloff. The Sine Waves so a clear and very consistent Peak-Bottom pattern and right now the price is exactly on the Peak. Consequently, we consider the current price level as a low risk sell opportunity. We are targeting the 1D MA200 (TP = 182.350). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
GBPUSD: On the bearish threshold. Be ready to short it.GBPUSD is being rejected repeatedly at the top of the multimonth Channel Down but the 1D MA50 is still supporting it. However the squeeze has gotten to narrow and being on a neutral 1D technical setting (RSI = 50.057, MACD = 0.002, ADX = 25.323), we expect a bearish breakout soon below it. The similarities of the 1D RSI with last August, show that there is significant downside potential. We will short if we do get a 1D candle close under the 1D MA50 and target the S2 level (TP = 1.2230). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
GBPUSD - Price can break resistance line and continue to growHi guys, this is my overview for GBPUSD, feel free to check it and write your feedback in comments👊 When price entered to rising channel, it soon reached $1.2650 level, which coincided with support area and broke it. After this, GBP rose a little more, made correction, and then bounced up to resistance level, but at once bounced down. Later, price rose to resistance line, thereby breaking $1.2760 level, but soon it turned around and made downward impulse. British Pound broke $1.2760 level one more time, exited from channel, and even fell below support level to support line. But a not long time ago price bounced from this line and rose to resistance line, breaking support level again. Now I think GBP can little decline and then bounce up to $1.2760, thereby breaking resistance line. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
1
British Pound can rebound up from support line to 0.8610 pointsHello traders, I want share with you my opinion about British Pound. Looking at the chart, we can see how the price a few days ago started to trades in an upward channel, where it first some time traded near the 0.8570 support level, which coincided with the buyer zone and then bounced up. After this, the price made a correction to the support line, and then it at once rebounded and made an impulse up to the resistance line of the channel. But then, GBP made a correction again to support line, after which the price turned around and made a strong upward impulse to 0.8685 point, thereby breaking the resistance level, which coincided with the seller zone and also exited from the upward channel. A few moments later, the British Pound formed a head and shoulders pattern, after which it in a short time declined below the 0.8645 resistance level, which was a neck of this pattern too, and then continued to fall in a downward channel. At the moment, the price continued to decline in this channel and I think GBP can fall to the support line, which coincided with the support level, and then start to move up to the resistance line of the downward channel. For this case, I set my target at the 0.8610 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
HelenP. I British Pound can start moving down to trend lineHi folks today I'm prepared for you British Pound analytics. If we look at the chart, we can see how the price some days ago traded near the resistance zone, which coincided with the resistance level and even made a fake breakout, after which EURGBP rose to the trend line. Then price rebounded and made a strong impulse down until below the support zone, thereby breaking the 0.8700 resistance and 0.8590 support levels. After this movement, GBP a few time traded near the support zone and later made impulse up to the trend line, breaking the 0.8590 support level again. A short time later, the price broke the trend line and reached the resistance level, after which GBP rebounded and declined to the support level, which coincided with the trend line. Recently, the price bounced from this level, and at the moment, the British Pound continues to trade near the support level. For my mind, the price can rise a little more, and then it will rebound down to the trend line, thereby breaking support level. For this case, I set my target at the 0.8560 level, which coincided with the trend line. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
1
British Pound, after rise movement, can start decline to 1.2610Hello traders, I want share with you my opinion about British Pound. Looking at the chart, we can see how the price some days ago declined to the support line and at once rebounded up to the support level, which coincided with the buyer zone. In a short time, GBP broke this level and tried to rise higher, but failed and started to decline in a downward channel, where it declined to the support line, thereby breaking the 1.2610 support level. After this, the price rebounded from the support line of the channel and made a strong upward impulse to the resistance level, which coincided with the seller zone, breaking the 1.2610 level again and exiting from the downward channel. Also, GBP started to trades in the range, where it, after an upward impulse made a correction to the support level and then rose to the seller zone. But a not long time ago it declined back, making a fake breakout of 1.2790 and then rolled up. Now, the price continues to rise in range, and in my mind, the British Pound can one more little grow and then start to decline to a support level, which coincides with the bottom part of the range. For this case, I set my target at the 1.2610 support level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
1
GBPNZD Buy signal on a Channel Down.The GBPNZD pair has had a strong decline since our last sell call (November 24, see chart below) breaking even below the 1D MA200 (orange trend-line): The price is currently rising after making a Lower Low but not at the bottom of the (blue) Channel Down. For that reason we consider the emergence of a Diverging Channel Down that can break above both the 1D MA50 (blue trend-line) and the 1D MA200. In any case the probability for a short-term rise is very high as the 1D MACD just completed a Bullish Cross and the last such formation below 0.00 (October 11), pushed the price all the way to the 0.5 Fibonacci retracement level. As a result our target is now 2.05200. ------------------------------------------------------------------------------- ** 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