The GBPCAD is about to retest a broken horizontal support level, which is now likely acting as resistance following a breakout. To confirm a bearish trend, I have observed a horizontal range on the 4-hour chart and a bearish breach of its support level. I anticipate that the price will decrease to around 1.7043 or 1.7000 in the near future.
The GBP/CAD pair on the M30 timeframe presents a potential buying opportunity due to a recent upward breakout from a well-defined bullish channel pattern. This breakout suggests a shift in momentum towards the upside and a higher likelihood of further price gains in the coming hours. Key Points: Buy Entry: Consider entering a long position (buying GBP/CAD)...
FX:GBPCAD After looking at the daily timeframe, we have identified the price pattern with this particular pair, we pointed out the upcoming big move based on similar move that this pair has made. Currently price has been rebounding from the strong buying zone where we expect a large volume to kick in the market. First our main aim will be to see how price react...
OANDA:GBPCAD This is to some extent a continuation of my last attempt to short the pair, which unfortunately failed. The pair has been consolidating for a while and has formed a triangle. Now, with a valid triangle pattern and bearish divergence, the pair has broken through the support. This presents a great opportunity to short the pair with moderate risk.
GBPCAD Is Getting Ready For The Next Move The price has been accumulating within a bullish "flag pattern" for the past two weeks. The bullish flag pattern is a bullish continuation pattern created during an uptrend. If the price manages to break out of this pattern, bullish volume should increase further and we could see GBPCAD rise to 1.7350 You may find...
GBPCAD chart in 4h time frame is printing HH and HL and there is no divergence observed. Therefore market may seem more inclined to move in the direction of the existing uptrend. Hence I'm using AB = CD Pattern to take long entry with Buy Stop Order on the breakout "B" point Level with stoploss below at "C" Point which is last Higher Low level.
All ideas are strictly my interpretation of price action. I am not a professional trader nor is this professional advice. I will continually update all trades.
SELL GBPCAD on H4 frame SL:1.72242 TP:1.69 Megium signal.
Hello traders, we want to check the GBPCAD chart. The price is in a descending channel and has pulled back to the specified resistance level. We expect this level to maintain the downward trend of the price and the price will fall to around 1.70500. Good luck.
We have observed completion of XA, AB and possibly BC limb as well. We have yet to wait for CD limb to complete. Price may go up at PRZ, which will be a potential buy opportunity.
📈🚀 GBPCAD Market Update: Preparing for Bullish Breakout! 🎯💼 Forex Traders, exciting news on GBPCAD: OANDA:GBPCAD 🔄 Inverse Head and Shoulders Formation: GBPCAD has developed an inverse head and shoulders pattern at the bottom of its downtrend, signaling a potential bullish reversal. 📈 Current Status: The pair is currently forming the right shoulder. A...
Lately on GBPCAD price has filled and closed above both the Daily fair value gap and the Daily inverse fair value gap and we are now waiting for the distribution to the upside to take out those failed highs + BUYSIDE liquidity
Market Structure Bullish On HTF Weekly and Daily around same AOi Weekly Rejection Candles Daily Rejection At AOi Daily EMA retest Around psychological Level 1.71500 H4 EMA Retest Candlestick rejection from AOi SOS 1:4.92% Entry Signal 85% B+ REMEMBER: Trading is a Game Of Probability : Manage Your Risk : Be Patient ...
GBP/CAD is rising towards a resistance level which is a pullback resistance and could reverse from this level to our take profit. Entry: 1.72217 Why we like it: There is a pullback resistance level. Stop loss: 1.72899 Why we like it: There is a pullback resistance level which aligns with the 161.8% Fibonacci extension. Take profit: 1.71179 Why we like it: There...
GBPCAD is Bearish on HTF. Well this is one of the pairs that gets my sugar level up, but still love to trade and analyze it. There's nothing much i can say but that i am currently tagged into shorts to this pair and i am looking forward to see how it plays out. Detailed analysis is highlighted on the charts: What are your thoughts?
It seems like GBP/CAD is gearing up for a bullish move, supported by a bullish flag pattern formation and completion of a 38% retracement. With the breakout from the bullish flag, there's potential for a continuation of the upward trend. Traders may consider entering long positions to capitalize on this anticipated bullish momentum.
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.