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.
Overall this is counter-trend to go short so we can mitigate a discount demand zone at 1.72535. Let's see how price plays down from 1.73272. Cheers.
GBPCAD is on an uptrend but we are looking for a sell here. This is a counter trend but here is why we are selling. Trend: W1: Up D1: Up H4: Up Moving Average: Above the Daily MA H4 pointing upwards Pattern: AD=CD on H4 Strong resistance at 1.7340 Double top on H1 and lots of divergence Stop loss of 40 pips and a target of 120.
Looks like we are finally breaking out of the 1.73 resistance that has been holding for just over 2 years now so what next? Looking at the weekly chart buying momentum has slowly been building up around the 1.73 level evident with the lower highs forming and then last weeks huge green candle to push through and close above 1.73. (see daily chart...
Very interesting end of the week for GBPCAD. Price made a strong and clean break above the weekly level at 1.72769. It'll be very interesting to see how this pair trades for the weeks to come. If price can hold above this level, I think we'll see very explosive momentum.
Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
GBPCAD: Ascending Channel Offers Bullish Continuation The GBPCAD pair has been trading within an ascending channel on the 3-hour chart, presenting a classic bullish continuation pattern. The channel is defined by two parallel trendlines, with the upper trendline having touchpoints at 1.7217 , 1.7291 , and 1.7335 , and the lower trendline with touchpoints at ...
GBPCAD: Bullish Breakout from Rising Wedge’s Upper Boundary The GBPCAD pair has made a decisive move by breaking out from the upper trend line of a rising wedge pattern on the weekly chart. This breakout is contrary to the typical bearish exit from a rising wedge and could signal a strong bullish continuation. Key Observations: Pattern Recognition: The...
Massive daily external inducement. Potential for a big move. Will keep you updated. It's medium safe because there was no HTF POI mitigation but the inducement was MASSIVE. LQP = Liquidity Pool
Just like my previous idea on this currency pair, I still think the fundamentals are in favor of the British pound against major other currencies. In addition to that, price continues to create higher market structure which is a sign that buyers are in control. My targets are still 1.7200 and 1.7500 .
Because of fundamental datas coming from the UK, the british pound will start to outperform most major currencies and the CAD will be no exception. Price is currently supported by its trendline on the higher timeframe + we saw high volumes coming from investors earlier today, making it an interesting pair to look at for trend following in the coming days...
The GBP/CAD pair on the M30 timeframe presents a potential selling opportunity due to the presence of a well-defined bearish channel pattern. This pattern suggests ongoing selling pressure and a higher likelihood of further declines in the coming minutes or hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.7225,...
✅GBP_CAD is trading in an uptrend And the bullish bias is confirmed By the rebound we are seeing After the pair retested the support So I think the growth will continue LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Preferred direction: BUY Comment: At the beginning of the week, the buy-priority is still relevant for the British currency , however, despite the presence of a limit buyer, a more likely long scenario looks precisely after a small downward correction towards the level of 1.26770 . In this case, a false breakout will be formed as soon as the price returns to...
Preferred direction: BUY Comment: The middle of the week has come, and, as we said at the beginning of the week, a rather eventful economic calendar awaits us. The buy priority for EURUSD remains relevant, which was also indicated at the beginning of the week. The growth target is located at the level of 1.09000 , and there is also a possibility that the...
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 a long. I expect bullish price action from here as price rejected from support zone + FIBO 0.618 level. Like, comment and subscribe to be in touch with my content!
Guys pls keep this pairs in to your watchlist dont jump in to the trade immediately since market is very volatile and you will hit the stop loss and one more reason this pairr didn't take the proper pullback pls be cautious. Thats the reason I have not given your entry andd stoploss once I get some more data I wil update the same. Guys Please like and follows...