Price is bouncing back from the 4H and 1H demand zones and its created a bullish buy pattern in lower time frames . So with 2% risk it is the time to buy this pair with 1:2 risk ratio. Always respect the money management rules when you are trading. good luck with the trade.
Long idea Trend line fibo low liqudity GBP CAD 📈 BUY LIMIT price 1.70830 TP1: 1.71350 Tp2: 1.71700 Tp3: 1.72400 SL: 1.70500 Rrr: 4.7
GBP/CAD was moving in a bullish channel on the 4-hour timeframe, and there was a breakout on the downside, followed by a retest. Additionally, as of the 26th report, 11,344 large speculators exited long positions on the Great Britain pound. 📉 Expectations: Anticipate the pair to re-test key support levels as highlighted in the attached chart. 📊 Trading...
Certainly! "Lower High Lower Low Fib .38" is a concise way of expressing a technical analysis observation: - **Lower High (LH)**: A peak in the price chart lower than the previous peak. - **Lower Low (LL)**: A trough in the price chart lower than the previous trough. - **Fib .38**: Refers to the Fibonacci retracement level of 38.2%, indicating a potential...
Price making higher highs and lows on daily tf, price has retraced into weekly/ daily support and broken ascending trendline to the downside. However, still expecting price to pull back above that level, last weeks lows liquidated. Anticipating a bullish push back into the trend perimeter.
Pay attention, after failure, it will be activated from the next target level
The GBP-CAD pair is suffering from a continued decline within five clear waves on the four-hour frame. It is hoped that re-drafting patterns will form at the first zone. Then complete the descent up to or below the demand areas
OANDA:GBPCAD 4H Time Frame Trade Idea for the Week 4/1/2024 TO 4/5/2024
I think either of these could play out but still looking for the short
I believe that this pair will fall, at the area roughly marked with the short position. I see a move down with this pair and this is mainly my trading journal, I post what I see and I use my FIB tool and market structure to make these calls :)
This is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify any
GBP-CAD was trading along The rising support line but Now we are seeing a bearish Breakout so I will be expecting A bearish move down after The local rebound !
GBP-CHF was trading along The rising support line but Now we are seeing a bearish Breakout so I will be expecting A bearish move down after The local rebound !
Daily Chart Overview: On the daily OANDA:GBPCAD chart, we’re observing a notable pullback to a significant Fibonacci retracement level of 0.75 at 1.70702, which could act as a springboard for price action. This level is further underscored by a Fair Value Gap (FVG) above it, suggesting latent bullish potential. Additionally, the 1.69760 mark stands out as a...
My dear followers, I analysed this chart on GBPCAD and concluded the following: The market is trading on 1.7090 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 1.7160 Safe Stop Loss - 1.7053 About Used Indicators: A super-trend indicator is plotted on either above or...
hello everyone, the price has reached a strong resistance area... the price can be corrected to TP1 and can go bullish due to upcoming BOC news.. as of now there isn't proper confirmation of pullback... use proper risk management to trade this pair... good luck..