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GBPCAD after giving a fakeout on 18th feb from the defined range has back in the range which it falied to break from 28th Sept. The next possible move will be bottom of the range around 1.69800 and then it might be best to buy on dip with managed risk. Alternatively, breaking above the range will favors bulls and price will pump to atleast 150 pips...
After successful Short trade setup you can buy Right Now Here is Good Retest level For GBPCAD
GBP-CAD is trading in a bearish channel The pair recently retested the descending resistance From channel 1.7350 , we are seeing a bearish reaction I think the pair will continue to fall towards the support below
HEY EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE. NEW WEEK, NEW OPPORTUNITIES. LOOKING AT THE GBP / CAD * The PAIR has been trading in a RISING WEDGE just broke above a resistance level, retested this level somewhat now signaling continuation. - Short term the pair is currently rejecting at this structure possibly signaling continuation in momentum on...
GBPCAD_H4 Double Bottom Breakout Enter Bullish Wait for my target tp hit...
GBPCAD has been in good bullish trend as supported by rising trendline. Recently the price action has given a breakout as well. Those who are holding can continue riding the trend. Those who wants to take position should wait for the dip and sell it upside. Trade your levels accordingly.
There is no significant resistance near the current price, which should allow the pair to move higher until the next major supply level.
The price has already broken resistance and became to buy when holding above the new support
This pair has been knocking on 1.7280 since end Dec 2021. You can see 3 failed attempts to close above that level. However, the recent (4th) attempt recently did succeed and it managed to close above that area and managed to hold its position on Fri this week. The pair now appears to be slightly bullish and, in my opinion, we will see 1.7570 over the coming 2-3...
GBPCAD after many failure attempts , now starts to break the previous barrier ,,Next Week the major game play can happen...If it crossed the resistance wait for retest and then make an order, If everything goes Well we can catch 250 + Pips easily.....
Buy: GBP / CAD SL @ 1.72140 TP @ 1.73600 Max Risk: 2% (When calculating, do not forget about different spreads from Brokers) Leave comments or likes to keep our content free and alive. Have a good week to everyone It is not an investment recommendation
Need a candle close above the formation to confirm the pattern. A break shows bullish momentum for this pair.
GBP CAD bullish Head and shoulder pattern and Cup pattern together. when broken this resistance Buying will be strong
Hi Traders, GBPCAD has been moving withing a larger structure for quite some time. Looking at the lower time frames, we can definitely see some opportunities that may fit our trading plan! Ensure your rules are met before entering. Click the like button if this helps you, I would love to hear your view on this pair! Follow me for more ideas!
Hi TRADERS this is my trade set up for the GBP/CAD for the new week ahead GBP/CAD We have two scenarios a possible breakout of the very strong resistance area and if it does break out will be a nice strong move higher, next scenario we get a good rejection of the resistance level and we take a sell clean crisp charts I hope it helps if you have any questions...
GBPCAD has approached to important level after bouncing from 0.5 fib level. Two senario can play form here; a) Bullish: It is looking in good momentum after bouncing from fib level 0.5. It will likely to break the overhead resistance. One can take long position on break of horizontal area. b) Bearish: Last time price hit from the same zone and took correction of...