Please, check our technical outlook for GBPCAD. Time Frame: 6h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 1.711. Taking into consideration the structure & trend analysis, I believe that the market will reach 1.719 level soon. P.S We determine oversold/overbought...
Hello fellow traders, let's delve into a comprehensive analysis. We've observed the completion of a correction phase, followed by a robust recovery and the formation of what appears to be a continuation pattern signaling potential growth ahead. This presents a promising BUY opportunity, particularly in the GBPCAD pair. After careful analysis, I am confident in...
We have had a change of structure and a good movement down now we wait for retracement and sell
Bullish trend exhausted, now buyers are taking profits. We are now waiting for a big fall that will take out all the stops and breakevens. use a 15m time frame for accurate sell entries.
Welcome back! Let me know your thoughts in the comments! ** GBPCAD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
My dear subscribers, This is my opinion on the GBPCAD next move: The instrument tests an important psychological level 1.7132 Bias -Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.7197 My Stop Loss - 1.7097 About Used Indicators: On...
Hello,Friends! We are targeting the 1.716 level area with our short trade on GBP/CAD which is based on the fact that the pair is overbought on the BB band scale and is also approaching a resistance line above thus going us a good entry option. ✅LIKE AND COMMENT MY IDEAS✅
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Price sweep previous lows and made a clean BOS leaving and imbalance with it will look for entries on m5
A bullish move to the downside liquidity below it ,a supply zone above with fvg ,ther perfect premium sell entry
i was waiting for a liquidity run and rejection off the highs but price has stalled and makes me think the liquidity run was possibly the trend line. Should that be the case we can look for some sell opportunities. 1st targets would be the 170 area a low position on this as it could just straight blast through the the upside
welcome here is my gbpcad short idea its based on weak gbp lets see how this setup plays out
GBPCAD market is trading in an ascending channel; it's consolidating. Price printed the AB=CD pattern and pulled back. The trend is bullish on the D chart. We expect it to bounce off the support level and retest the top of the consolidation zone. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
As long as 1.72000 is support. Look for long above 1.72000 targets 1.73416
Refer to Chart above: 1- Price make Market Shift at tf H$ after sweep liq. 2- Price rejected at H1 imbalance and expecting pullback and will shoot upwards. 3- I place my order at TF15min, QM pattern + Demand Zone. 4- SL will be below previous LL. Trade At Your On Risk
from a technical stand point price is showing bearish rejection from my resistance with a evening star developing and on the fundamental side upcoming interest rate decision is going to to affect the Pound negatively
I anticipate following move on GBP/CAD instrument. THIS IS NOT A FINANCIAL ADVISE. PLEASE TRADE AT YOUR OWN RISK!