GBPCAD Bullish Outlook and 2 Possible Scenarios

GBP/CADOANDA

Description

⋅ Mar 1, 2023 12:56 AM

In this multi-time frame analysis, I go over the bullish outlook and forecast on GBPCAD.

I outlined the 2 possible scenarios of the price to wait for in order to confirm the next bullish up move.

Remember to clearly understand what forecasting is for to give you a better entry rather than blindly enter without any price action confirmations.

Higher time frame:

Comment

⋅ Mar 10, 2023 3:01 PM

Price indeed is pushing higher now.

Comments

AkhiPrajapati

⋅ Mar 4, 2023 11:51 AM

Amazing setup

Babenski

⋅ Mar 3, 2023 2:31 PM

Possible playout ..thanks for sharing

WolfBladeTrading

⋅ Mar 1, 2023 3:00 PM

Yo!
Pair has been slowly declining since Dec 15 2022 high, where also price hit Weekly 200SMA!
So, since yesterday candle shows downward pressure.... might consider sell position - at least to around 1.6122 ~250 pips.
We'll see.... happy trading, Jason.

KlejdiCuni

⋅ Mar 1, 2023 2:02 PM

I really like the effort you put into your charts. Thank you!

JoeChampion

⋅ Mar 1, 2023 1:41 PM

Welcome back Jojo!

jugeliezhi

⋅ Mar 1, 2023 11:53 AM

Great graphics, can jojo express your views on European stock indexes again?

jugeliezhi

⋅ Mar 1, 2023 11:54 AM

I have some trading orders for European stock indexes, I hope jojo can give me some pointers

Arashbas

⋅ Mar 1, 2023 10:02 AM

simple and effective price action

jasonwhiteservices

⋅ Mar 1, 2023 9:36 AM

great to be able to learn from you again🙏