This pair gave a clear sell-off signal at the resistance point. If you understand order collection and liquidity you should have been able to ride this wave down without an issue. This leads us to our next question, where is the reversal point? Similar to the price action found at the resistance, we can expect this at the support region. I have illustrated...
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
Chances are high that GBP / CAD will go above this price. But the scenario that is possible is to go down to 1.71800 and from there go the real long.
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
Last week I shared GBPCAD Bullish Scenario Analysis ( ). But on Friday, we saw massive bearish moves on this pair that was possibly brought by a fundamental news release! Today I share the same analysis but on a lower timeframe (H4 Timeframe) which shows bullish strength in this new week! A more bullish move is expected in this pair!
As we can see, GBPCAD broke the Lower trendline of an ascending channel on the H4, it bounced from the new support Level . We expecting a Bullish continuation to re-test the level listed on the chart. We taking this trade based on technical analysis and price action. Please use proper risk management depending on your account size, Use lot sizes based on these...
The uptrend remains in place, and I believe the slightly corrected rally will continue this week. A signal for a trend reversal will be a breakdown of the price below 1.72600
The market made bullish engulf candle on the Friday with the support of 200EMA. A strong indication of further upside.
GBP/CAD Signal Market Buy: 1,73490 Stop-Loss: 1,72900 Target 1: 1,74100 Target 2: 1,74910 Stop-Loss: 59 pips Risk: 0,5% Risk-Reward: 2,4
gbpcad buy : Reasons : 1)my ema lines gave a divergence 2)possible uptrend for a week 3)nice naked candle had been given yesterday and todays candle will be the perfect entry point for atleast 70 pips take profit : green line stop loss : it depends upon you ,if you are scalper keep it 10 pips below todays candle if you are swing trader keep it 5 pips below...
After successfully collecting orders from high last week, price managed to break structure. Now that bears are in control, I will be waiting for a pullback to sell into the buyer's liquidity.
#GBPCAD recently market was moving descending triangle. And has broken out of it has given a good retest so I am looking for 200 PIPS in the long term. While 50 PIPS buy a the point.
After Breaking Daily Trend Line, Now GBPCAD is Going To Retest 1.73047 Level, Before Further Continuation of Bullish Break Out From Range, and Head Towards 1.75982 Level Inshallah :)
In this pair, we have the technical figure Triangle. The Triangle has broken through the resistance line on 07/07/2021. GBPCAD forming a bullish formation on a daily chart. If the price holds above this level we will have possible bullish price movement with a forecast for the next 22 days with a target of 1.7367. If we decide to enter this position our stop loss...
Same plan as EURCAD. We also saw the potential of GBPCAD new bullish cycle to the upside. Wait for price to retrace around 1.7160-50 before initianing buy. We wanna see price complete wave-iv correction before entering buy. Buy GBPCAD 1.7155 Stop loss 1.7120 Take profit 1.7280 (3.5R) Use only 1-2% risk Good luck
GBPCAD BUY : REASONS : ITS A PATTERN TREND WHICH GOES UP AND IT WONT HIT SL NOT ATLEAST FOR 2 DAYS SO I GUESS IT GOES UP. TP : GREEN LINE SL : RED LINE
GBPCAD will retest this support before going long. We have a good entry level to consider
Waiting for retest as highlighted in the buy area