GBP/CAD price action seems to have drifted lower as the Pound Sterling surrenders recent gains due to fading Brexit deal optimism. This coincided with another reaction to technical resistance highlighted by the 1.7500-handle. We could soon see a resumption of buying pressure around 1.7330.
create a long position order there.
stop loss 1.73015.
like if you agree!!
We Have an Analysis Of GBPCAD H4. This Analysis Based On Price Action Theory.
According to Multiple Analysis, We Can See That the market have a strong 💪🏻 bearish pattern
As well as price decline from the previous Resistance. for this we have to new Target( support) @1.71000 & @1.70000
For more confirmation you can see that super trend, Bollinger Bands they all...
1. GBPCAD bounced from the falling channel's resistance
2. A weekly close below the critical support & resistance of 1.7250 area
3. Hidden Bearish divergence in play to push it further down
4. Now it's holding the rising trendline support
Sell trade will be triggered on a break of the rising trendline and successful retest as a resistance.
Target 1 is...
Enjoy a free signal
Trade at your own risk
know your risk to reward
price has came down to 1.7
rejected 1.7 the first time around
which was a major 3hr S/R area
price has now retested price
lets see if we reject
Entry: 1.700 (market)
Best Entry: 1.698 (Buy limit)
Stop Loss: 1.695 (-50 to -30 pips from B.E.)
Take Profit: 1.711 (+111 to +130...
Heres my analysis on GBPCAD before the week gets started.
enjoy a free signal.
trade at your own risk.
Entry: 1.727 (market)
Best Entry: 1.723 (Buy limit)
Stop Loss: 1.717 (-100 to -60 pips from B.E.)
Take Profit: 1.7445 (+175 to +215 pips from B.E.)
Take Profit 2: 1.763 (+360 to +400 pips from B.E.)
The outlined white arrow pathway is the predicted pathway that the GBPCAD will follow in the coming days or weeks. Using my unique charting methods, I have been able to arrive at HIGH PROBABILITY turning points where GBPCAD will turn.
PLEASE NOTE THE ABOVE ANALYSIS IS FOR EDUCATIONAL PURPOSES ONLY. THEY ARE NOT DIRECT INSTRUCTIONS TO TRADE AND ANY LOSS...
GBP/CAD is currently at the top of a bullish channel and it appears that it's time to short (at least in the short-term) or at the very least it's time to exit longs and wait for re-entry.
Check out my other GBP posts that should be up within the next few minutes. They are showing the same thing!
COLOR KEY (which time frame each markup is based on):