all gap area was filed in last week. I think all liquidity of gbp cad are ready for purge . this movement is my idea but i need to wait until Tuseday .
GBPCAD chart in 4h time frame is printing HH and HL and there is no divergence observed. Therefore market may seem more inclined to move in the direction of the existing uptrend. Hence I'm using AB = CD Pattern to take long entry with Buy Stop Order on the breakout "B" point Level with stoploss below at "C" Point which is last Higher Low level.
Double top spotted! If horizontal line gets broken, then I will enter a short position. TP 1.702
FX:GBPCAD This pair created multiple rejections at the highs before printing a top reversal. Those rejections on the 1 hr time frame formed a Micro level of resistance in the market. If this level holds we could see a test of the 78.6 level on the Fib. If Momentum remains bullish on the higher time frames we could see a break of the highs. If that occurs I'll...
Hello traders! Today, I'm sharing my analysis on GBP/CAD, looking at a potential sell opportunity. We've recently seen the completion of a bullish sequence labeled (5), and now it appears we're entering a corrective phase. The market is currently retracing, and I've identified key Fibonacci levels that could potentially serve as targets for a short position: -...
GBPCAD respected horizontal Resistance on 4hrs timeframe and Trendline Resistance on weekly timeframe. Moreover, fundamental analysis shows that overall Endogenous and Exogenous factors of GBP are weak and CAD is fundamentally strong. Seasonality graph in the month of May is Bearish. Lastly, COT flip data is decreasing which means that overall institutional...
GBPCAD is currently moving up making HH and HL. Sign of retracement are observed with no divergence. Price can move up to a defined projection giving a good opportunity to buy on breaking highs.
welcome here is my gbpcad long idea its based on overall bullish strength price trading above 50% fiblevel of current weekly and monthly candle price trading above weekly pivot, all ema´s and creating higher highs lets see if we can catch a bull wave here
Technical Confluences for Trade: - Stochastics are in Overbought Conditions on D1 and H1 time-frame. H4 is also entering Overbought Conditions. - Price action is close to last month's Resistance Trendline - Price action is well into a Supply Zone area - Targeting between the 50.0% - 61.8% Fibo retracement Suggested Trade: Entry @ Area of Interest 1.7180 -...
GBP/CAD is strongly tempting to reach the strong resistance level at 1.73450 again. The price has tested this area three times already. So, I plan to buy when it breaks the trendline shown on the chart. Additionally, breaking through the ChoCh level is adding strong momentum towards reaching the resistance level soon. Let's wait for the breakout.
In this Analysis, we can see some Buy or sell Levels that I shared, watch it carefully, and Follow Price action.Thanks
Pure price action based on support and resistance and trendlines
Pure price action based on support and resistance and trendlines.
Hello everyone, i want share my idea bout GBPCAD. If we look at higher timeframe, price action slowly but it's still going higher, last week we saw huge reactions from sellers but buyers still has control at price. My analysis at the moment is price action, if price will brake, 1.718 resistance LVL then we have much stronger resistance at 1.73 and 1.75. I am...
We have observed completion of XA, AB and possibly BC limb as well. We have yet to wait for CD limb to complete. Price may go up at PRZ, which will be a potential buy opportunity.
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Price had broken our support level and hence i expect a retracement before continue downside.
hey there please check beacuse of news This is more of an experimental scenario, however there is always a probability this could happen. I just won't be too optimistic at this point since we are bearish at the moment and are still making New structure lows and Lower highs