GBPCAD on the 4h chart is trading below a key resistance level at the 1.68500. The structure has been tested few times also in the past and a retracement t to the 0.382 or lower Fibonacci level can be seen before the bulls regain strength. How can i approach this scenario? I will wait for a retest of the support area and IF the price will revere and satisfy the...
GBPCAD reached a major horizontal resistance. The price has nicely reacted to that, forming a bearish engulfing candle on 4H time frame. I expect a retracement from the underlined structure. Goals: 1.68 / 1.677 ❤️Please, support my work with like, thank you!❤️
21st March (might not be alot of trading opportunities) DXY consolidating possible breakout down to 103 NZDUSD: too late, no trade AUDUSD: buy above 0.67 SL 20 TP 20 (small trade) USDJPY: break 131.50 SL 40 TP 80 GBPUSD: retrace down to 1.22 EURUSD: likely to up to 1.0760 but not great RR trade USDCHF: sell below 0.9280 SL 20 TP 40 USDCAD: watch video...
looking bullish for midterm forming descending broadening wedge in 3 days timeframe incase of breakout expecting 600 to 800 pips bullish move
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:
GBPCAD on the 4h chart is trading exactly at the fair value over the 50% support of the previous impulse. We can notice how the market created a range with a spike over the 1.65000 area that seems to be a head and shoulders pattern. The Head and shoulder pattern works in a better way at the top of a trend while here we are not but in case the price will break...
On the intraday level, I am bullish on GBPCAD, following the established trend. The trade could get active today if the market deems it possible, or wait till Aisn opens on Sunday evening. Either way, it is worth looking into.
GBPCAD pair is currently in a downtrend, with a series of lower lows and lower highs on the 4-hour chart. The market tested a previous higher low and rejected the bulls' attempt, and the price is currently trading above a daily support level after testing a supply zone. The Perice attempted to break a 4-hour resistance level during the last bullish move but was...
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. on DAILY: Left Chart GBPCAD is overall bearish trading inside the red channel, and it is currently approaching the lower red trendline. Moreover, the zone 1.60 is a strong weekly support zone . 📚 So the highlighted purple circle is a strong area to look for buy setups as...
Bias: Short Market Cycle: Possibly the beginning of phase 1 I'm looking at 1.6170 for a potential break and retest.. You'll notice what looks like a 1h OB highlighted with a circle on the left, however when you move up to the 4h TF this OB disappears.. Therefore, if we get a break below 1.6170 followed by a SR & CC to the downside I will look for shorts.....
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. GBPCAD is overall bearish trading inside the red channel, and it is currently approaching the lower red trendline. Moreover, the zone 1.60 is a strong weekly support zone . 🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection...
The Bank of England is expected to increase the interest rate by 50 basis points. There are two important things to focus on here: firstly, the bank’s take on the interest rate and how long it thinks inflation will take to come close to its target. Secondly, where is the upper limit of the bank’s interest rate.
Trade Idea: Buying GBPCAD Reasoning: Swing failure on the daily, possible short term bottom on the intraday Entry Level: 1.6175 Take Profit Level: 1.6346 Stop Loss: 1.6110 Risk/Reward: 2.61:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk...
GBP/CAD has lost its bullish vigor after Wednesday's recovery toward 1.6600. Prior to the Bank of England's (BOE) policy announcements, investors refrain from placing bets on future Pound Sterling strength, and the near-term technical outlook indicates a lack of buyer demand. The Bank of England is expected to increase the interest rate by 50 basis points. There...
Looking at the H4 chart, my overall bias for GBPCAD is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a sell entry at 1.64490, where the 38.2% Fibonacci line is. Stop loss will be at 1.65881, where the recent high is. Take profit will be at 1.61021, where the previous swing low is. Any opinions, news,...
Looking at the H4 chart, my overall bias for GBPCAD is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Looking for a pullback sell entry at 1.64496, where the 38.2% Fibonacci line and overlap resistance is. Stop loss will be at 1.65881, where the recent high is. Take profit will be at 1.61021, where the previous swing...
Looking at the H4 chart, my overall bias for GBPCAD is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a pullback sell entry at 1.64490, where the 38.2% Fibonacci line and overlap resistance is. Stop loss will be at 1.65881, where the recent high is. Take profit will be at 1.61021, where the previous swing...