GBP/CAD price action seems to have drifted lower as the Pound Sterling surrenders recent gains due to fading Brexit deal optimism. This coincided with another reaction to technical resistance highlighted by the 1.7500-handle. We could soon see a resumption of buying pressure around 1.7330.
create a long position order there.
stop loss 1.73015.
like if you agree!!
The price level is about to hit the supply zone as well as it's starting to cross the UPPER Bollinger Band. Plus, there is a merging triangle trend. The price is expected to reverse its direction and keep decreasing for the next month or so.
This is an trading idea for M5 & M1 timeframe, do take Profit at any price within the GreenZone if this idea is Valid.
Disclaimer: If you choose to follow this trading idea you do so at your own risk after giving thorough and reasonable thought and consideration to your actions. All trading is high risk and one of the most difficult activities you will ever...
As we suggested earlier in our premium analysis, the counter has formed a bearish flag formation.
It has now broken down with a strong volume candle.
Hence, we expect the pair to move down to lower support levels.
Plan: 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 independent investment decisions.
Traders!! if...
Welcome back guys
Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
GBPCAD in a trend channel path, I think there will be...
As we see, there can be another decrease for GBPCAD in 4h timeframe, as it has touched the top of two channels as the same time, shown in the idea, if it breaks up that point there would be a pullback and huge increase tho.
The counter is currently in an ascending formation.
It has hit the upper parallel which also coincides with a rejection zone.
Hence, we expect the pair to retreat to lower levels from here.
Hello Traders,
Here is the Top-Down Analysis of GBPCAD (Monthly, Weekly, Daily for direction and 4H for entry) for
Week 45 - Nov 02
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...
GBPCAD
Is trading above the 1.71500 level and the kagi is turned green the price will bounce from support level which is 1.71500I am expecting GBPCAD will reach 1.75000 in coming months
Hello 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...
GBPCAD potentially to down for +300 pips if the seller manages to push the price to the 1.6930 support level, we need to wait for price rejection to occurs before placing any sell order.
**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 independent...
