As per previous analysis GBPCAD is in way to downward now on demand zone as mention on chart we will buy for short term and well short from above SUPPLY zone so will wait for breakdown of previous low
Based on the chart, it appears that there is a bearish trend forming as evidenced by Lower highs (LHs) and lower lows (HLs). Further analysis using the Relative Strength Index (RSI) indicates that there is currently no divergence present. I recommend taking a short trade with a risk/reward ratio of 1:1 by using Fib tool. Please note that this is my personal...
Hello traders! ‼️ This is my perspective on GBPCAD. Technical analysis: Here we are in a bullish market structure from daily perspective, so I am looking for longs. I expect price to make the retracement to take liquidity below equal lows and to fill the imbalance lower and then to reject from bullish order block. Fundamental analysis: On Friday we have news...
potential bearish entry Dow Theory in Place: Lower High and Lower Low Expected in Place The double top, coupled with bearish divergence (a bearish reversal pattern). Entry, SL, and TP levels are defined.
Based on the Relative Strength Index (RSI) indicator, there is currently a divergence present. Once the first LL (lower low) is broken, it would confirm the formation of a bearish trend. I plan to enter a short trade with a 1:1 risk/reward ratio. Please note that this is my personal analysis and trade plan, and it is important for you to conduct your own research...
Based on the Relative Strength Index (RSI) indicator, there is currently a divergence present. Once the first LL (lower low) is broken, it would confirm the formation of a bearish trend. I plan to enter a short trade with a 1:1 risk/reward ratio. Please note that this is my personal analysis and trade plan, and it is important for you to conduct your own research...
LOB entry on GBPCAD 15 Mins for a Short position. SL Above the Asian session.
We are looking for selling opportunities only due to the higher time frames remaining bearish. Confluence factors: Trendline breakout. Falling wedge breakout. Potential key-level breakout. Change from bullish to bearish market structure.
LOB entry on GBPCAD 15 Mins for a Short position. SL Above the Asian session.
Hello traders! ‼️ This is my perspective on GBPCAD. Technical analysis: Here we can see that price changed the character and made a retracement to fill the imbalance higher and then rejected bearish order block + institutional mid figure 1.67500. My target is liquidity below equal lows. Like, comment and subscribe to be in touch with my content!
Hey. GBPCAD can retest the resistance and then will move down. This is my idea and thank you!
welcome here is my gbpcad short setup market formed a huge W formation on higher timeframes like 4h and was trading the last whole week in an consilidation now all order are booked so we could see a huge move, i decide to see a short im thankful to see how this setup plays out
GBPCAD LONG 1:17 FX:GBPCAD I want to know what your goals are
GBPCAD did a fakeout rejecting major resistance/downtrend line with a bearish engulfing on 4H , so i decided to open a short here , price also broke minor ascending trendline, volume slowed down near resistance, and we also got some bearish divergences on local top, i expect to price go down until our major Ascending Trendline.
I'll be looking to see if price pushes up further. I will sell if price reaches my first level but I do think that it may reach the second one or close to it. This may take a week to set up if this were to happen. FX:GBPCAD
-GBP vs CAD is in a reversal trend after making a clear divergence and harmonics reversal pattern.
Hi we I think we can try short it now Enter now or before 1.67816 Stop loss 1.8534 Tp1 1.64614 Tp2 1.53678 After first tp stop loss moved to break even
Technical Idea: GBPCAD. Price at the summit of the channel. We anticipate price drop past the support.