{"id":13274,"date":"2023-02-28T08:09:56","date_gmt":"2023-02-28T08:09:56","guid":{"rendered":"https:\/\/tradingshot.com\/?p=13274"},"modified":"2023-05-19T08:12:06","modified_gmt":"2023-05-19T08:12:06","slug":"gbpusd-aiming-at-the-rectangles-top-buy-signal","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2023\/02\/28\/gbpusd-aiming-at-the-rectangles-top-buy-signal\/","title":{"rendered":"GBPUSD Aiming at the Rectangle&#8217;s top. Buy signal."},"content":{"rendered":"<p>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:<\/p>\n<div class=\"tv-embeded-image\"><a class=\"js-embeded-chart-image tv-embeded-image__link\" title=\"GBPUSD Double Top rejection but Support cluster below.\" href=\"https:\/\/www.tradingview.com\/chart\/GBPUSD\/yquTbHiZ-GBPUSD-Double-Top-rejection-but-Support-cluster-below\/\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" class=\"js-image-lazy-load\" src=\"https:\/\/s3.tradingview.com\/y\/yquTbHiZ_big.png\" alt=\"GBPUSD Double Top rejection but Support cluster below.\" \/><\/a><\/div>\n<p>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 1.2455 Resistance (and Double Top so far).<\/p>\n<p>The 1D RSI is trading inside a Channel Down whose Lows and Highs match the ideal entries on the Rectangle, so currently this is an ideal buy spot.<\/p>\n<p>If the 1.2455 Resistance breaks, we will target the 1.2675 Resistance (May 27 2022 High).<\/p>\n<p>Tradingview link:<\/p>\n<p><a href=\"https:\/\/www.tradingview.com\/chart\/GBPUSD\/wXtvLuXv-GBPUSD-Aiming-at-the-Rectangle-s-top-Buy-signal\" target=\"_blank\" rel=\"noopener\">https:\/\/www.tradingview.com\/chart\/GBPUSD\/wXtvLuXv-GBPUSD-Aiming-at-the-Rectangle-s-top-Buy-signal<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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<\/p>\n","protected":false},"author":611,"featured_media":13275,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1637],"tags":[],"class_list":["post-13274","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-forex"],"_links":{"self":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/13274","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/users\/611"}],"replies":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/comments?post=13274"}],"version-history":[{"count":1,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/13274\/revisions"}],"predecessor-version":[{"id":13276,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/13274\/revisions\/13276"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/13275"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=13274"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=13274"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=13274"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}