Technical Confluences for Trade: - Stochastics are in Overbought Conditions on H4 time-frame - Price action is at a Supply Zone area - Price action may reverse back below Resistance Trendline Suggested Trade: Entry @ Area of Interest 1.7140 - 1.7160 SL @ 1.7258 TP 1 @ 1.7012 (Close Half-Position & move SL to Entry level once TP1 is achieved) TP 2 @...
this analysis just base on ''basic technical analysis' downtrend structure at TF H4 i think this is the peak resistance time to continue bearish disclaimer this is not a signal be smart save and love your money i just share what i see and what i learn thanks
Pure price action based on support and resistance and trendlines.
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We can see strong bullish move here and also flag chart pattern formation. Price has reached potential bearish zone 1.71600, so I expect to see move down. I also marked here potential bullish zone 1.70000.
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.
Price had broken our support level and hence i expect a retracement before continue downside.
GBPCAD - Bullish Rectangle Continuation. Sign of retracement are observed with no divergence.
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 -...
Possible Setup. Higher TF is bearish based on price action. Market reacting to structure + 4HR reversal pattern that could possibly form. Let's see if the sellers are in for the downside
GBPCAD has broken daily structure, prompting at a change in market sentiment. Price has retraced into a premium prices on the HTF. From here ill be looking to short the pair. With news coming out expected to be bearish during PMI this looks like a comfortable place for me to enter short from.
GBP-CAD went up to Retest a horizontal resistance Of 1.7219 from where we are Already seeing a bearish reaction And I think that the pair will Go further down !
Market Structure Bullish On HTF Weekly and Daily around same AOi Weekly Rejection Candles Daily Rejection At AOi Daily EMA retest Around psychological Level 1.71500 H4 EMA Retest Candlestick rejection from AOi SOS 1:4.92% Entry Signal 85% B+ REMEMBER: Trading is a Game Of Probability : Manage Your Risk : Be Patient ...
Market structure Bullish on HTF Weekly and Daily AOi in the same Area Weekly Candle stick Rejection at AOi Daily Candle stick rejection at AOi Round Psych Level .1.71500 H4 EMA Retest Candlestick rejection SOS 1:4.04 Entry Signal 90% REMEMBER: Trading is a Game Of Probability : Manage Your Risk : Be Patient ...
GBP/CAD at Strong Resistance Level. 96% Bearish Sentiment. Projections Indicated on Chart
GBP/CAD is rising towards a resistance level which is a multi swing high resistance that aligns with the 78.6% Fibonacci projection and could reverse from this level to our take profit. Entry: 1.72265 Why we like it: There is a multi swing high resistance level which aligns with the 78.6% Fibonacci projection. Stop loss: 1.72877 Why we like it: There is a...
👁️ OUTLOOK 5hr chart: 30m chart: FOREX: GBPCAD 5hr:Looking at the 5hr we are looking pretty good breaking bullish and staying above the emas 10,50 and 200. 30m: Looking at the 30m we are breaking bullish and had a large impulse higher, and currently re-accumulating inside this range. Price is currently under the 10ema and surfing the 50ema at the moment. We...
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...