I expect GBPCAD is going to do its correction movement after such long rally, and the spot I found is a supply area with imbalance candle (FVG) near the fibo 82.8. We can find confirmation if need in LTF M15 to find a bearish reversal structure to be sure
Reversal expected as we have strong resistence+fib on the current level 1H chart with expected the move:
Price arrives at the summit of the rising wedge. Technically we should observe strong bearish movement from here. Swing Trade
Update on the SELL trade idea from the beginning of the week we rallied straight through the 1.60 level deep into the SUPPLY/SELL zone between 1.60-1.62 without seeing any SELL signals on my custom indicator. Today we have just got a 12 hour SELL signal and have now entered the position with a STOP loss above the SUPPLY/SELL zone and will target the 1.56 area...
Pair is aproaching a previous strong support level @ 1.60 you also have a weekly SUPPLY/SELL zone located from 1.60 - 1.62 , also with 1.60 being a nice psychological round number giving this SELL idea lots of cnfluence and we are likely going to see a reaction on the approach to 1.60 or above. I will be starting to look for SELL signals from my indicator above...
GBPCAD looks like the bulls might finally be exhausted. Always use risk management. GBPCAD Sell Swing Trade Stop Loss: 1.59500 Targets: 1.586 1.584 1.582 1.58 1.575 1.56 1.55 1.54 1.53 1.52 1.51 1.49 1.46
Nice point to entry it is near supply zone and its getting weak it has high probability for the bearish side but don't trade without money management
Hello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the GBPCAD, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities. Top Down Technical Analysis: At the...
Hello Traders!! We have been looking at GBPCAD for some days after it gave us a clear bearish CHOCH on the higher timeframes and we changed our bias from long to short. Now having that in mind we sought out for the best selling point for this pair using our classical supply zones to spot the area. Hence this was what informed us for a clear bearish approach to...
Overall structure is bearish and we are coming into the supply zone to move further down from it and we can target at least 1:5 RR
GBPCAD Analysis Reversal pattern in Tf Majors. usually when we see a BOS and it is preceded by a CHOCH.
Hello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the GBPCAD, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities. Top Down Technical Analysis: In our...
Halfway through,now you can protect your trades ,and squeeze the StopLoss to entry point
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Hello traders! ‼️ This is my analysis on GBPCAD . Here we are bullish from H4 timeframe perspective, so I am looking for longs. I expect price to continue the retracement and then to reject from bullish orderblock + institutional big figure 1.56000. Like, comment and subscribe to be in touch with my content!
Looking to short GBPCAD for just over a 100 pips, price created a double top the the top support zone and went to break out of the resistance zone. Currently waiting for retest to short.
hello traders In today's session, sell GBPCAD, target 1.54400
This is for short term And this is risky too. Please DYOR before entering the trade.