The reversal structure identified on the 1H time frame is probably going to incite a retracement of the Impulse leg after which a trend continuation might begin. NB: It is pertinent that we remain conscious as a breakout of 1.495 could encourage a bullish momentum Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs,...
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
1h Trend: Down trend Level: Below Resistance I'm waiting for the price to retrace back to the resistance level, if there will be signal to sell i'll short GBPCHF
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
FX:GBPCAD The blue and red lines mean: I think prices can return in these areas. Green lines mean: I think the price can reach these areas. They are therefore known as transaction targets. If you want to use this deal, please risk only one percent of your account balance.
GBPCAD has been trading in a defined range where supports are respecting the price and bulls take lead whereas resistance remain the hurdle for bulls to take over. One can play the range and place stoploss just below the support. Trade your levels accordingly.
Hey traders, in today's trading session we are monitoring GBPCAD for a selling opportunity around 1.643 zone, in this week we have an important BoC statement where we expect BoC to Raise rates by 0.50 which considered very hawkish and should contribute to CAD strength. Once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
You can continue selling to get 300 pips until reaching level 1.60900. When you reach this level, you will have historical support and a excellent entry point for a long-term buy position.
Hey traders, in today's trading session we are monitoring GBPCAD for a selling opportunity around 1.642 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
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
The price inside a descending channel and below a monthly resistance, we wait to retest a resistance with reaching trend line of the channel We will also meet 0.5 Fibonacci Currently, we can take 120 with rise and 400 pips with fall
GBPCAD short term buy in low time frame SL and Tp on the chart
GBPCAD has bounced from daily support and trading above it. It has falling resistance which can be the hurdle. We are expecting the reversal from here and if it successfully manage to break above trendline then bulls will attack. Breaking horizontal support will call more bears in the party.
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 FALLING WEDGE range-bound within this structure , retested this level somewhat now signaling continuation. - Short term the pair is currently rejecting at this structure possibly signaling continuation in momentum on...
GBPCAD has been in bearish trendline as highligted with the falling trendline. The pair is bouncing from the support zone which it last tested on 20th Mar 2020. The chart also printing the bullish divergence which looks strong. If we have a closing above then one can enter long in here. Trade your levels accordingly.
My views on GBPCAD is bearish heading towards the support line of 1.60363 to retest it or break it.
GBPCAD has created a series of lower highs on 4H timeframe and putting pressure on local support. As CAD is getting strong and stronger, If GBPCAD managed to break this support, a sell opportunity may arise on the retest of this support as resistance. Please like the idea if you find value in it. And also do not forget to subscribe to ForexWizard Trading Channel