THIS ANALYSIS FOR GBPCAD ON TIME FRAME 4 HOUR.
I HAVE 2 OPTION FOR BUY AND SELL
1. YOU CAN SELL NOW! SL 1.73320 OR YOU CAN SET SL 15 - 30 PIPS WITH YOUR OWN RISK.
2. YOU CAN ENTRY BUY WHEN RBS ZONE BREAKOUT OR YOU CAN ENTRY BUY WHEN PRICE PULLBACK AT FLIP ZONE. SL 15 - 30 PIPS WITH YOUR OWN RISK.
YELLOW LINE IS MY ENTRY.
IF YOU WANT UPDATE ON...
Earlier today i posted an idea on GBP/CAD sell, i just want to say congratulations to those who followed this trade. If you're still holding i would recomment taking out half the trade and move stop loss to zero as a money management technic.
CAUTION: I'm not a financial advisor or a licensed trader, this is just me making money and helping others in the...
Last week on the daily GBPCAD has made an Impulse to the upside and went for a retest of the impulse almost to 0.618. So, from daily we have a bullish outlook also today on 4H market shifted from bearish to bullish and we can look for big long from here.
I will open a long from 1.71700. But keep in mind that we have a strong resistance in the weekly chart on...
We will start by looking at GBPCAD past movement near the 1.7258 resistance level. What we can see is several clean rejection off this level without any form of breakout signs. With the current price movement, we can see that price level just rejected off this resistance level as well as a nice rejection off the ichi cloud. This rejection from the ichi cloud can...
We're going to be trading off the results of the bullish uptick and the partial retracement from last week. It is actually a bullish engulfing on the daily timeframe. If we go back down, he may bounce from the daily zone of 1.71798, then head to the weekly level at 1.70366. Otherwise, we'll continue to go bullish once the retracement is complete as soon as we...
Pair consolidated for a few hours until the resistance was overcome and closed above (1 hour candle).
R/W - 1/8.
For the more conservative, they can expect a possible retest in that resistance zone that is now a support. That is, wait for the candles to go up and then go down before going back up. It is good to remember that events from the past are not always...
GBPCAD is showing some resistence.
It seems there are no more bulls for now.
If the pair close a 1h candle under the resistence area, we can get a great sell to the trendline. R/W 1/5
Entry around: 1.72670
GBPCAD is position at price @ 1.6837 for a bear run .
With price around @ 1.7048 I see a bearish move to the downside with a target at price @1.6853 and price @ 1.6837
I am bearish until the price reaches @ 1.6837
Good Luck Traders.
Here is the Top-Down Analysis of GBPCAD (Monthly, Weekly, Daily for direction and 4H for entry) for
Week 43 - 19 Oct
M > Market is moving in a well respected horizontal structure (of course with minor breakouts). Price moved up to test structural resistance and dropped till monthly support to face rejection again. While dropping each month...
This trade setup is looking good. Just need keep an eye on price action over the next few hours. It's on the watchlist 👀👀 If you like the Analysis feel free to drop a like and leave comment and follow, we are grateful for all the love out there and we will share the love back 🤍
Hello my friends,
Another possible setup for GBP cross is GBPCAD pairs.
I am looking for a sell position in this pair as my screener showing this pair could go lower.
Some confirmations already met and we could try selling this pair on a retracement to 1.7100 area.
Noticed also it looks like this pair making a double top pattern and i think price already...