Trade Idea Long structure SnR zone GBP CAD 📈 Buy 1.72290 TP1: 1.73010 Tp2: 1.74790 SL: 1.71790 Rrr: 5
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.
Best to let the pullback finish and get long from the yellow box. From there, a good position coming off trendline resistance now support, and coinciding with monthly pivot support and Fibonacci.
Sell now GBP \ CAD @ 1.726 ✅TP1= 1.716 ✅TP2= 1.706 ✅TP3= 1.700 ❌ SL= 1.736
GBPCAD Long...Technical setup...Fib level...Pound gaining strength.
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.
Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX If you like the idea, do not forget to support with a like and follow. GBPCAD WHAT'S NEXT! 📚 👉Price is still overall bullish trading inside this rising channel, Moreover, price is approaching a massive resistance zone lining up with our upper bound is this channel. 👉Where we will be interested...
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.
Overall this is counter-trend to go short so we can mitigate a discount demand zone at 1.72535. Let's see how price plays down from 1.73272. Cheers.
The GBPCAD is currently in a long-term uptrend within a rising parallel channel on the 4-hour chart. It has recently reached a key resistance zone where a major rising parallel channel and horizontal structure intersect. We anticipate a bearish response from this level and maintain a bearish outlook, expecting the pair to decline in the near future.
GBPCAD is on an uptrend but we are looking for a sell here. This is a counter trend but here is why we are selling. Trend: W1: Up D1: Up H4: Up Moving Average: Above the Daily MA H4 pointing upwards Pattern: AD=CD on H4 Strong resistance at 1.7340 Double top on H1 and lots of divergence Stop loss of 40 pips and a target of 120.
I am forecasting the probable direction of GBPCAD; I think it probable that the Bullish trend will continue this week AFTER the Pullback I have shaded on the Chart.
I am forecasting the probable direction of GBPCAD this week. I am using Price Action Analysis and Algorithmic Concepts authored by (ICT); I am also using an overlay of the Ichimoku Indicator.
Looks like we are finally breaking out of the 1.73 resistance that has been holding for just over 2 years now so what next? Looking at the weekly chart buying momentum has slowly been building up around the 1.73 level evident with the lower highs forming and then last weeks huge green candle to push through and close above 1.73. (see daily chart...
Reason: market structure= bullish fair value gap break of structure Very early but i think GBPCAD can be a great trade to the long side this week COT been buying the GBP and selling the CAD is a very strong signal for that bias
Very interesting end of the week for GBPCAD. Price made a strong and clean break above the weekly level at 1.72769. It'll be very interesting to see how this pair trades for the weeks to come. If price can hold above this level, I think we'll see very explosive momentum.
Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...