My last publication successfully predicted 500pips in our direction (see link below for reference purpose) and it is now obvious that the GBP/CAD has seen the movement of price caught within a uniform range sandwiched in between CA$1.76000 and CA$1.68000. Since the beginning of the year, GBP/CAD has been trending lower as it appears to have found a new Supply zone...
AS we can this has just reached @ strong support zone
so we are planning to buy this pair from support zone with a small risk and looking for higher rewards
friend dont forget to push like i love to see you comments if you have any question
follow us for more updated trades on other pairs
As we suggested earlier in our premium analysis, the counter has formed a bearish flag formation.
It has now broken down with a strong volume candle.
Hence, we expect the pair to move down to lower support levels.
Breakdown of CAD1.73500 during the week is a sign that the loonie risk a further decline in the latter part of the year... GBP/CAD exchange rate falls even as we anticipate the re-introduction of Covid-19 Tier System
Tendency: Downtrend ( Bearish )
Structure: Trendline | Supply & Demand | Breakdown
Observation: i. Price did not respect Trendline...
Welcome back guys
Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
GBPCAD in a trend channel path, I think there will be...
As we see, there can be another decrease for GBPCAD in 4h timeframe, as it has touched the top of two channels as the same time, shown in the idea, if it breaks up that point there would be a pullback and huge increase tho.