Bulls are holding the 1.776 level, and now bears seem to be running out of fuel, seen by bullish movement candles. A range formation appeared at this level and RSI shows a divergence. If a decisive candle closes above the M15 range, I will long to the last high
Resistance. SELL 1.7825 | STOP 1.7880 | TAKE 1.7755
Hello, Friends! Previous week’s green candle means that for us the GBP/CAD pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 1.744. ✅LIKE AND COMMENT MY IDEAS✅
GBPCAD failed to create a new high in the HTF. Zooming into the LTF, the price has returned to the demand zone. With confirmation and strong confluence, an entry can be considered to the nearest supply zone. To minimize risk, the trade can be set to break even if the price breaks the top of the box. Let's observe how the price reacts to this analysis. Regardless...
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.
Hello,Traders! GBP-CAD broke the key Horizontal level of 1.1460 And now we are seeing a A local pullback but we Are now locally bearish Biased and so we will Be expecting a further Move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
GBPCAD is poised to reverse imminently. On 1HR timeframe, strong change of character (CHoCH) to bearish trend. Pullback into the range to grab liquidity before continuing down to make a lower low. Criteria met on 15min timeframe for entry. Target next order block on the 1HR timeframe, no resistance on the way down... I can write about a bunch of smart money...
The analysis of the GBPCAD chart clearly shows us that the pair is finally about to tank due to the rising pressure from the sellers. ❤️ Please, support our work with like & comment! ❤️
Price has broken out of the downward channel due to buyers holding support. RSI is showing a divergence. Now there seems to be bullish movement at the current level. Taking a trade here to the previous high.
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.
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.
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the GBPCAD pair which is likely to be pushed down by the bears so we will sell! ❤️ Please, support our work with like & comment! ❤️
#GBPCAD is still on bullish trend but take note that very strong resistance level around 1.78062 while bounce at strong support at 1.73461. Between the area are also support such as 1.75061
Correction. SELL 1.7770 | STOP 1.7840 | TAKE 1.7690
My dear subscribers, My technical analysis for GBPCAD is below: The price is coiling around a solid key level - 1.7720 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 1.7613 My Stop Loss - 1.7797 About Used Indicators: By the very...
Hello, Friends! GBP/CAD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 1.751 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the GBP/CAD pair. ✅LIKE AND COMMENT MY IDEAS✅
Pair Name : GBP/CAD Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money Key Technical / Direction ( Short ) Type : Mid Term Swing ——————————— Bearish Reversal...
GBP/CAD has broken out of its ascending wedge pattern, indicating a strong potential for continued upward movement. Traders should watch for further bullish momentum as the pair continues to gain strength.