I am going long GBPCAD at market prices SL: 1.70305 TP: 1.7175 I am only sharing my trades, not a trade recommendation.
GBPCAD has been in an uptrend with a trend in trend analysis and we can clearly see that in the chart. Meaning that we are going to be mostly looking for buying opportunities towards our supply zone.
GBPCAD has been in an up-trend ranging from a top down analysis from a Daily timeframe to a 4hr. In the 4hr timeframe a correction has been made preparing us for a impulse move towards the upside. An inverse Head & Shoulder has been formed to confirm a reversal pattern to the upside. Therefore further more buying opportunities to the supply zone at 1.73210 for the...
My dear followers, I analysed this chart on GBPCAD and concluded the following: The market is trading on 1.7133 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 1.7113 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to...
The market has a bearish order flow. On the 4H timeframe, it created lower lows. Recently, FX:GBPCAD has broken through the downward trendline and made a higher close on the 1H timeframe. The market is near the resistance zone, where price dropped before. I think the market may retest that level and make a downward move. It seems like the price might form a...
gbp cad price will be back to support zone to balance liquidity take a short after breaking resistance zone as shown in the picture, follow for live updates @FOREX_TRADER_007
The Trade Balance (Feb) will give the push we need hopefully. Trade active.
H4 - ReEntry H1- 50 EMA Rejection + Extreme short M15- wait for CSAK + Retest in MAHILO min 15m Note: * Cancel trade or cut-loss when candle close below MAHI in 4H * 1:3 RRR * TAYOR A combination of multiple moving averages and Bollinger Bands is the BBMA OMA Ally strategy. It provides an extensive and reliable examination of market trends and patterns by...
Dear analysts and traders, I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules. As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have developed...
GBPCAD has exhibited a bearish signal with the formation of both a head and shoulders pattern and a double top on its chart. These patterns suggest a potential reversal in trend, indicating a prime opportunity for a sell trade.
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 want to check the GBPCAD chart. The price has reached the specified key level after a downward movement. We expect this level to play the role of a support level and the price will grow to around 1.71100. Good luck.
GBP/USD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of interest. • If 2 touch 5 min continuation, reduced risk entry on the break of it. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it. GBP/CAD Short Minimum entry requirements: • If 3 touch 1H continuation...
Please pay special attention to the very accurate trend, and colored levels, red level as SL. Be careful BEST MT
Hey Traders, We have had news from the US in the form of PPI and Retail Sales over the last hour as well as news from the ECB. The GBPCAD alike many other FX is falling and we can plan future entries. Watch for more.
Selling Gbpcad with the following confluences 1. Trend: Downtrend ( price making lower lows and lower highs 2. The Level: Break of minor support which is acting as resistance 3. Fib retracement levels: Price got rejected @ 50 and 61.8% levels 4. The signal: Bearish Engulfing candle @ resistance. Which basically means buyers are overwhelmed by sells in the...
Price is rising towards an overlap resistance and could reverse from this level to the 1st support level Entry: 1.70744 Why we like it: There is an overlapping resistance level that aligns with the 50% Fibonacci retracement. Stop loss: 1.71268 Why we like it: There is an overlap resistance Take profit: 1.70247 Why we like it: There is an overlap support Please...