My dear friends, My technical analysis for GBPCAD is below: The market is trading on 1.7055 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 1.7130 Recommended Stop Loss - 1.7012 About Used Indicators: A pivot point is a technical analysis indicator, or calculations,...
Hello,Friends! GBP/CAD pair is in the downtrend because previous week’s candle is red, while the price is clearly rising on the 8H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.708 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is...
✅GBP_CAD has been growing recently And the pair seems locally overbought So as the pair is approaching a horizontal resistance of 1.721 Price decline is to be expected SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
15m sell signal printed. Hard rejection off 4h supply zone. Should be short to green line.
I am going long GBPCAD at market prices SL: 1.70305 TP: 1.7175 I am only sharing my trades, not a trade recommendation.
My dear followers, I analysed this chart on GBPCAD and concluded the following: The market is trading on 1.7133 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 1.7113 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to...
Dear analysts and traders, I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules. As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have developed...
GBPCAD has exhibited a bearish signal with the formation of both a head and shoulders pattern and a double top on its chart. These patterns suggest a potential reversal in trend, indicating a prime opportunity for a sell trade.
H4 - Bearish trend pattern. Currently it looks like a pullback is happening. Until the two strong resistance zones hold my short term view remains bearish here.
We expect Sell Limit towards our price with a great downtrend opportunity Because since the price has reached the Sell Limit price we can see a nice downtrend.
Hello traders, we want to check the GBPCAD chart. The price has reached the specified key level after a downward movement. We expect this level to play the role of a support level and the price will grow to around 1.71100. Good luck.
Price is rising towards an overlap resistance and could reverse from this level to the 1st support level Entry: 1.70744 Why we like it: There is an overlapping resistance level that aligns with the 50% Fibonacci retracement. Stop loss: 1.71268 Why we like it: There is an overlap resistance Take profit: 1.70247 Why we like it: There is an overlap support Please...
GBPCAD - Classic bullish pattern - Our team expects retracement SUGGESTED TRADE: Swing Trade Buy GBPCAD Entry - 1.7038 Stop - 1.6999 Take - 1.7122 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
💵Pair Name GBP/CAD Time Frame : 4 hrs Scale Type : line chart + Candle Stick ------ 🔗 Key Technical / Direction ( Short ) Type : Mid Term Swing —————————— Bearish Break 1.70750 Area reasons - Major Turn level / D - Fixed Range hvn - Trend Break Out - inner Choch Break - inner Counter Trend Bullish reversal 1.69000 Area Reasons - Pattern...
Hello Traders, here is the full analysis. I think we can soon see more fall from this range! 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 Trade Idea .....................................................................................
Hey Traders, in today's trading session we are monitoring GBPCAD for a selling opportunity around 1.71200 zone, GBPCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.71200 support and resistance area. Trade safe, Joe.
GBP/CAD was moving in a bullish channel on the 4-hour timeframe, and there was a breakout on the downside, followed by a retest. Additionally, as of the 26th report, 11,344 large speculators exited long positions on the Great Britain pound. 📉 Expectations: Anticipate the pair to re-test key support levels as highlighted in the attached chart. 📊 Trading...