H4 - Bearish trend pattern.
Currently it looks like a pullback is happening.
Until the two strong resistance zones hold my short term view remains bearish here.
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...
GBP CAD hit its supply zone on friday's end of day trading. With the current trend and analysis, we look to go with the trend for a weekly zone. There are two stops along the way .
We are looking to take off half the position in T1 and ride the wave and look to add on if trend continues.
Always practice trading with a caution.
Take care guys and message me with...
G'day Guys
Let's analyse GBPCAD.
Based on current economic situations on both country. Am expecting this pair heading to south which is to complete the market cycles.
As i mentioned, its will not happen overnight. We projecting the future market based on human behavior toward the market.
Today am looking for correction happen in GBPCAD before making any entry....
Currently, GBP/CAD is trading at 1.7378. The pair is trading in a downward resistance and support channel. The price is moving towards its resistance level at 1.7396 and it can rebound back after touching resistance level. So, it is possible that after it rebounds from the resistance level it can touch its support level at 1.7217.
Follow proper risk management...
