Hello my friends, Today i noticed some good setup from GBPCAD. Previously this pair make an inverted shoulders head pattern and then push straight to the upside for 700 pips in 2 weeks. I tried to fit some fibonacci tools into it and count the waves according to Elliot Waves principle. Surprisingly, it looks like this pair just finished with the 4th Wave. Wave-4...
**ENG** - Price breaking our consolidation box and is now heading for a retest, we are expecting more downside after this same retest, wait for an entry confirmation before entering, look at the lower timeframes (such as 15min). **PT** - Preço a quebrar a nossa box de consolidação e está de momento a caminho de efetuar um retest, estamos à espera de um drop...
Currently, we are looking at GBPCAD potential breakout of the trend line giving it a BEARISH trade opportunity to range between 61.8 fib level and 1.7258 support level. This will be an important point to note as we also see a potential breakout from middle band giving it a bearish strength to test the lower band. As of now, I will be bearish on GBPCAD and will...
💡Hello traders, Hope you all have a fantastic day ! I would appreciate any likes and follows from this idea, that would encourage me to publish more ideas and analysis. GBP/CAD has been rejected from strong resistance area and now will go lower to test horizontal support line. Let us know what you think about this idea. Trade safe !
GBPCAD went on a huge bullish run last week and the momentum faded at the end of the week. Looking for price to retest previously broken H1 support to start bearish move to retest previously broken daily structure high
GBPCAD - Inverted Head and Shoulder
Hello traders, here is the analysis for GBPCAD. NOTE please do your own analysis before taking the trade. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks.
I expect it to start moving up from the support zone, I have 2 targets Please support by leaving LIKE
GBPCAD has recently broken and closed above a key daily level. Now the price retests level on H1 we see a falling wedge pettern.
Plan: trendline and support level breakout --> wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make...
💡Hello traders, Hope you all have a fantastic day ! I would appreciate any likes and follows from this idea, that would encourage me to publish more ideas and analysis. GBP/CAD has been broken through all major resistances and now will look for new highs. Let us know what you think about this idea. Trade safe !
Hello traders, here is the analysis for GBPCAD. NOTE please do your own analysis before taking the trade. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks.
GBPCAD bounced off 1.70845 where it could potentially rise further to 1.73784. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully
GBPCAD to climb from its upside confirmation at 1.71889 where it could potentially bounce further to 1.75765. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.