Overview: GBP/CAD has recently exhibited the formation of an Anti-Butterfly XABCD harmonic pattern, concomitant with the price approaching a crucial Resistance area. This confluence suggests a potential Bearish reversal from point D, indicating a favorable opportunity for traders to capitalize on the impending downward movement. Entry Strategy: A prudent entry...
My dear friends, My technical analysis for GBPCAD is below: The market is trading on 1.7119 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 1.7165 Recommended Stop Loss - 1.7094 About Used Indicators: A pivot point is a technical analysis indicator, or calculations,...
Peering through the lens of Elliott Wave theory on the GBPCAD 4-hour chart, we see signs of a budding uptrend. The completion of a corrective phase (labelled as wave (4)) and a turnaround at a key Fibonacci level hints at the early stages of an impulsive wave (5). Traders employing Elliott Wave principles might see this as a cue for a LONG entry, anticipating...
Take a look at our analysis for GBPCAD. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 1.711. Considering the today's price action, probabilities will be high to see a movement to 1.716. P.S We determine oversold/overbought condition with RSI...
GBP/CAD is falling towards a support level which is an overlap support which aligns with the 61.8% Fibonacci projection and could bounce from this level to our take profit. Entry: 1.70854 Why we like it: There is an overlap support level which aligns with the 61.8% Fibonacci projection. Stop loss: 1.70228 Why we like it: There is a pullback support level Take...
The price of GBPCAD will most likely collapse soon enough, due to the supply beginning to exceed demand which we can see by looking at the chart of the pair. ❤️ Please, support our work with like & comment! ❤️
GBP-CAD went up to Retest a horizontal resistance Of 1.7219 from where we are Already seeing a bearish reaction And I think that the pair will Go further down !
#GBPCAD Sell Idea ............................................................................
The GBP/CAD pair on the M30 timeframe presents a potentially interesting situation with a bullish channel breakout pattern. Potential Long Trade : Entry: Above the broken resistance line of the channel, ideally around 1.7170 after confirmation. Target Levels: 1.7244: This represents the height of the channel, measured from the apex (highest point) to the base...
Hello Traders, Hope you all are doing good!! I expect GBPCAD to go Up after completing this correction. Look for your BUY setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market...
Pair Name : GBP/CAD 🗨Time Frame : 4hrs Chart / Close ➕Scale Type : Large Scale ------ 🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money ✔️ Key Technical / Direction ( Long ) Type : Mid Term Swing ——————————— Bullish Break...
GBPCAD was trading inside the descending parallel channel . The price is reacting well the support and resistance of channel. Currently the price has given the breakout from declining trendline with confluence to strong bullish divergence and now seems like the bulls are getting ready for some strong upside movement. If the bulls sustain to upside the optimum...
GBP/CAD is rising towards a resistance level, which is an overlapping resistance that aligns with the 61.8% Fibonacci retracement. A reversal from this level could cause the price to fall to our take profit target. Entry: 1.71919 Why we like it: There is an overlap resistance level which aligns with the 61.8% Fibonacci retracement. Stop loss: 1.72375 Why we like...
After price retested a daily golden zone, it gave us a shift in market structure on the 4h time frame signaling a potential beginning of a reversal. Price has now formed liquidity above the 4h golden zone that it could use to fuel it's move further to the upside.
📉💱 GBP/CAD Review: Sell Opportunity Ahead! 📉💱 Bears are dominating the GBP/CAD chart, indicating a clear selling chance. 🐻📉 Key resistance levels are holding, suggesting a downward trend. 💼📉 Targets for selling are outlined on the chart. 🎯📉 Seize this opportunity with strategic entry points and responsible trading! 💰⚠️ Happy trading! 🚀💼
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.
The GBP/CAD pair on the M30 timeframe presents a potentially interesting situation with a bullish channel breakout pattern. Potential Long Trade : Entry: Above the broken resistance line of the channel, ideally around 1.7175 after confirmation. Target Levels: 1.7244: This represents the height of the channel, measured from the apex (highest point) to the base...
Hello,Friends! The BB upper band is nearby so GBP-CAD is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 1.709. ✅LIKE AND COMMENT MY IDEAS✅