Hello traders, I want share with you my opinion about British Pound. Watching the chart, we can see how the price made a fake breakout of the buyer zone, after which it generated an upward impulse and increased to resistance level 1.2425. After a small correction, the price continued to rise and broke through the resistance level. Not so long ago, the price...
HI Dears If you look carefully at the chart of the British Pound (GBP/USD) you will see the bearish scenario. I will tell you the reason by the RTM method. The price made a powerful 4h FTR and also an MPL zone. after that, the price broke the 4H trading range but in fake mud to gather the liquidity that is needed for a powerful downtrend. After that the price...
GBPUSD is pulling back to the MA50 (4h) inside a Channel Up pattern. Every Channel Up Higher Low has been on the MA50 (4h). Trading Plan: 1. Buy when the price hits the MA50 (4h). Targets: 1. 1.2670 (Resistance 1 and May 26th 2022 Top). Tips: 1. The RSI (4h) is inside a Channel Down and every touch on its bottom was a buy entry for the pair. Use it as...
The GBPUSD pair eventually rebounded and hit the Double Top Resistance, which was our Target as presented on our February 28 analysis: At the moment the price is above that level (1.2450) and as long as it closes above it, we will be targeting 1.2650 on the May 27 2022 High Resistance. A closing below 1.2450 could set this rise back to the 1D MA50 (blue...
On The Daily Time Frame The GBPJPY Price Reached a Resistance Level! Currently, The Higher Low of The Bullish Structure is Broken (Break of Structure)🔥 The Support Line is Broken 🔥 So, I Expect a Bearish Move 📉 i'm Waiting for a Retest... ----------- TARGET: 160.880🎯 ________ if you agreed with this IDEA, please leave a LIKE, FOLLOW or COMMENT!
HELLO TRADERS ! On The Daily Time Frame The GBPUSD Price Reached a Major Key Level ! Currently, The Resistance Level is Broken and becomes a New Support Level 🔥 so, I Expect a Bullish Move 📈 i'm waiting for a retest... ----------- TARGET: 1.26200🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
On The Daily Time Frame The GBPCAD Price Reached a Resistance Level! Currently, The Price formed a Head and Shoulders Pattern 📈 The Neckline is Broken 🔥 So, I Expect a Bearish Move 📉 i'm Waiting for a Retest... ----------- TARGET 1: 1.66970 TARGET 2: 1.66000🎯 ________ if you agreed with this IDEA, please leave a LIKE, FOLLOW or COMMENT!
Hello traders, I want share with you my opinion about British Pound. When observing the British Pound, we see how the price formed the buyer zone 1.2010-1.2035 which it was re-tested and began to rise. We can see the price break through the resistance level 1.2180, continue to grow and create an upward triangle. Not so long ago, the price broke through the...
Hi folks today I'm prepared for you BRITISH POUND analytics. After the recent breakdown of the resistance line of the channel, the British Pound made a small correction and continued to grow. The price continued to rise and tried to break through the resistance at level 1.2300, but could not gain a foothold above and fell to the trend line. Re-tested the trend...
The GBP/USD has broken the weekly downtrend but faced support at the 1.215 level, which is also the 23.60 Fibonacci level. I expect the price to retest the previous resistance level around 1.228 to form a head and shoulders pattern before reversing down to attempt to break the neckline at 1.220. This would be a signal to enter a bearish trade with a target of at...
On The Daily Time Frame The EURGBP Price Reached a Support Level ! Currently, The Price formed a Bullish Double Bottom Pattern ! The Neckline is Broken 🔥 So, I expect a Bullish Move ! i'm waiting for a retest... ----------- TARGET: 0.88945🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
GBPCAD have been on a bullish move since last year, and currently is on a bullish continuation pattern, which indicates that price might go bullish for a while again. Now let's have a strong look to the long wick we can see below, that's huge liquidity and is expected to be taken. So how do price get to that zone? It first have to go bullish and hit the...
Economic data: The UK has been releasing positive economic data lately, including an unchanged/lower unemployment rate, an increase in retail sales, and better-than-expected GDP growth. This has helped boost confidence in the UK economy and its currency. Brexit: The uncertainty surrounding Brexit has largely dissipated, as the UK and EU have agreed on a trade...
The GBPUSD Price Broke the Daily Resistance Level ! The Broken Resistance beomes new Support Level ✔ so, I Expect a Bullish Move 🚀 i'm waiting for a retest... ----------- TARGET: 1.23700🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
The GBPUSD rebounded from the buying zone i identified in my previous analysis, but it is now consolidating just below the 1.2200 resistance level. The second wave has less momentum than the first, indicating divergence on momentum indicators. If the price fails to break above the level and forms reversal candles, this could signal a double top pattern....
The GBP/USD is currently moving sideways at the support line of 1.21389. The price has two options: either it decides not to break this support and continues its upward trend towards 1.22750, or it breaks the support downwards to retest the area where the previous support line, the descending monthly trend line, the 100-period moving average on the 4-hour...
The EURGBP pair is trading inside an assymetric Channel Up on borderline bullish 1D technicals (RSI = 55.108, MACD = 0.000, ADX = 24.666). Right now the price is above the Channel's median, which keeps it a sell opportunity. Buy near its bottom, when the 1D MACD makes the 2nd Bullish Cross. TP = 0.9000, even though we can see a longer term extension of +5.00%...
The GBPUSD pair eventually broke below the Channel Up, since our previous idea at the start of the month, hit the 1D MA200 (orange trend-line) and rebounded: This has created a ranged trading action inside a +2 month Rectangle. The price is now trapped within the 1D MA50 (blue trend-line0 and 1D MA200 and if it closes above the 1D MA50, it will target the...