I am expecting a retrace of this huge sell-off. We saw a liquidity purge of the support created after the trendline bounce. Now that this is out of the way, we can expect some pullbacks before bearish continuation. We can either pull back from this zone or we can take the low before we retrace.
We have had a good period of bearish momentum. Price is currently in a correction phase. Using the trendline rules of entry, a buy position should be actively running, but because I saw signs of a pennant forming, I had to wait. The pennant has clearly formed. This chart pattern is neutral and price can go either way, which invalidates entries solely based on the...
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
GBPCAD gong long FX:GBP with two inverse head & shoulders forming @ support
This is a lower timeframe description of how we can approach this pair in relation to my last related idea. Please ensure you understand our daily outlook before you proceed with this idea. I will be looking to clear the minor resistance before bouncing from the demand region down into our area of interest to buy from. Leave a comment and/or message us on how...
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...
Here is my idea, GBPCAD Still On bearish pressure. If you have any idea, leave comment and like below here
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
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
GBPCAD In higher timeframe GBPCAD is moving in ascending Triangle. Wait for break-out in either way.
For the past two weeks, we observed CAD weakness against several currencies including the Pound! As far as GBPCAD goes we are approaching a very important zone! A zone that stood steadily against bears since March this year! The bears' dominance is subjected to lower timeframe price action, especially on H4 and H1! Any reversal pattern or candlestick formation...
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
I looking for opportunity sell on this pair. trade safe and good luck
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
GCAD will sell around 1.75-1.73 price for tomorrows news. Volume is weak around 1.75 price point.
#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 :)
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