The price action has recently tapped into the liquidity resting below the previous swing low, coupled with a break of structure on the 1-hour chart, signaling the beginning of a bullish trend. My strategy now involves waiting for an OTE (Optimal Trade Entry) retracement, coinciding with +OB on the 30-minute chart at the same level, aligning with our bullish bias.
So, GBPCA buildet - building a reverse H & S and may the uptrend at least continue to the resistance.
Hello,Friends! We are going short on the GBP/CAD with the target of 1.697 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band.However, we should use low risk here because the 1W TF is green and gives us a counter-signal. ✅LIKE AND COMMENT MY IDEAS✅
💵Pair Name : GBP/CAD Time Frame : 4 hrs 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 ( Short ) Mid Term Type : Mid Term Swing —————————— ☑️Bearish Break 1.70650...
The GBP/CAD pair on the M30 timeframe presents a potential buying opportunity due to a recent upward breakout from a bullish channel pattern. This pattern suggests ongoing buying pressure and a higher likelihood of further advances in the coming minutes or hours. Key Points: Bullish Channel: The price has been trading within an upward-sloping channel defined by...
H4 - Bullish trend pattern followed by a pullback in the form of double wave down. Bullish divergence. Until the two strong support zones hold my short term view remains bullish here.
🏃♂️ GBPCAD is moving near 🟡 Potential Reversal Zone(PRZ) 🟡and 200_SMA(Daily) . 🌊Regarding Elliott Wave theory , GBPCAD is completing the Expanding Flat(ABC/3-3-5) corrective structure. 💡Also, we can see Regular Divergence(RD+) between two Consecutive Valleys . 🔔I expect GBPCAD to rise to at least the 🔴 Resistance zone(1.715 CAD-1.700 CAD) 🔴 after...
Following the downtrend. Selling from orderblock where there is imbalance at 1.69948. First target at 1.69673 where there is some imbalance.
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current GBPCAD chart which, if analyzed properly, clearly points in the upward direction. ❤️ Please, support our work with like & comment! ❤️
FX:GBPCAD Break and retest below daily resistance in confluence with the 38,2 Fibonacci retracement level on an overall bearish structure on the daily, 4h and weekly
✅GBP_CAD has retested The horizontal support of 1.698 From where we are already Seeing a bullish rebound And I think that we will see A further move up LONG🚀 ✅Like and subscribe to never miss a new idea!✅
OANDA:GBPCAD A short position can be taken on the specified levels On the first level, you can enter only by seeing the hammer candle There is no position before reaching the surface
GBPCAD consolidating between a support trendline and a resistance trendline. The price has repeatedly rebounded from the support trendline, forming new higher lows. The price has also repeatedly pulled back from the resistance trendline, forming new lower highs. There are four potential outcomes for the GBPCAD pair: 1. Rebound If the price rebounds from the...
Take a look at our analysis for GBPCAD. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 1.700. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.702 level. P.S The term oversold refers to a condition...
GBPCAD * Crazy sell * technical analysis ........................ ....
GBPCAD since the beginning of the week have been moving bearish and in respect to this, I plan to stick to the trend, the daily and the weekly also shows the bearish trend, and to follow this I expect this pair to retrace to the 50 Exponential moving average and we short to the 800 Exponential moving average.
#GBPCAD - H1 📣 Upon reviewing the 1-hour timeframe, with the break of the resistance level in the range of 1.7063, it is possible to initiate a buy position with a target of 1.7150. ⛔ Stop loss: 1.6980 On the other hand, with the break of the 1.6980 range, there is a bullish outlook for a price decline towards the 1.6900 range. ⛔ Stop loss: 1.7063
GBPCAD has started to show upward strength after bouncing at the 1.70 level, where a demand zone is located. The price underwent a significant structural change on the M15 timeframe yesterday, presenting a trading opportunity that could have yielded a 1% profit before the release of Canadian data. Personally, I did not execute that trade. Currently, it appears to...