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 1.696. ✅LIKE AND COMMENT MY IDEAS✅
Hello traders! ‼️ This is my perspective on GBPCAD. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs. I want price to continue the retracement to fill that huge imbalance and then to react from bullish order block for a long position. Like, comment and subscribe to be in touch with my content!
FX:GBPCAD is forming a bearish trend change attempt. The Canadian dollar index is declining, while the GBP index is in consolidation against the background of the uptrend. The growth of the currency pair may continue after retesting the support at 1.6977 and forming consolidation above this zone. What confuses us is the false breakdown of the 200-hour moving...
Hello everyone i hope every one have a great profitable week. ... gbpcad enter in old weekly consolidation area ,price at support level of this old area,its a buy trend so price will respect this support level.. WHAT YOU THINK ABOUT THIS PAIR LET ME KNOW IN COMMENT.. .. good luck..
FX:GBPCAD The weekly, 4h and 1h timeframes are bearish giving me a bearish bias. Price broke below 1.70666 4h/1h support area simultaneously breaking bullish structure of the 1h and 4h. I am waiting on a pullback to the 1.70666 area which will now be the resistance area to look for sells on gbpcad
Pair : GBPCAD ( British Pound / Canada Dollar ) Description : Completed " 12345 " Impulsive Waves and " ABC " Corrective Waves and making its Impulsive Waves. Bullish Channel as an Corrective Pattern in Short Time Frame wait for Rejection or Breakout. Strong Divergence in RSI
Factors Strengthening GBP: Hawkish BoE: Recent hawkish comments from Bank of England (BoE) officials regarding potential interest rate hikes to combat inflation have bolstered the Pound. This has increased its attractiveness compared to the Canadian Dollar. Optimism on UK economy: Despite ongoing Brexit negotiations, positive economic data releases like...
On the monthly charts we have a bearish trend targeting the monthly low. On the weekly charts we have a bullish correction that has cleared a previous ineffeciency. On the daily we have a change of character indicating a trends reversal. However, on the lower timeframe we have a bullish correction. On the 4 hour we are awaiting a change of character to signify a...
Here is our detailed technical review for GBPCAD. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 1.704. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all...
Hello Traders, here is the full analysis. Watch strong action at the current levels for SELL . GOOD LUCK! Great SELL opportunity GBPCAD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the...
GBPCAD Analysis Price is currently in a William-Certified Range, where it has recently rejected the 4H Resistance. Price broke under the 1H Support at the 1.70000 psychological level. Impulse SELL entries can be taken right now, however it would be best to wait for confirmations.
Welcome back! Let me know your thoughts in the comments! ** GBPCAD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
If we see the entry signal in this zone with the set loss limit, we will enter the matter of the degree of ascent, but keep in mind that this signal is used in the upper periods, so you must be patient enough, but if the goals are achieved, there will be a good profit.
Going long GBPCAD. Bullish price action on all time frames.
My dear friends, GBPCAD looks like it will make a good move, and here are the details: The market is trading on 1.6994 pivot level. Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 1.6902 About Used Indicators: Pivot points are a...
GBPCAD price is near the support zone 1.67903 if this support continues to work well. It is expected that in the short term there is a chance that prices will rebound. Consider buying a red zone. >>Thank you and GooD Luck 😊 ❤️ Like and subscribe to never miss a new idea!
GBPCAD Next Sell opportunity 1.70946 - 1.71459 GBPUSD SELL LIMIT 1.71160 TAKE PROFIT 01 : 1.70320 TAKE PROFIT 02 : 1.69320 TAKE PROFIT 03 : 1.64250 STOP LOSS 1.71887 When markets open, place your limit order with proper money management. When 1st target hit make sure to move your stop to breakeven. Key level 4H Support price - 1.67630 4H Resistance price - 1.71459