Be careful in which time frame you want to set a position ! In long term I'm in the long position but in short term position I may use to set short position for a small pullback.
based on technical ndicators on H4, Daily S/R I am not a profi. It is no professional advice.
💵Pair Name GBP/CAD Time Frame : 4 hrs Scale Type : line chart + Candle Stick ------ 🌐 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money 🔗 Key Technical / Direction ( Long ) Mid Term Type : Mid Term Swing —————————— Bullish...
Hello,Traders! GBP-CAD is trading above The horizontal support level Of 1.7208 and seems to be Consolidating for a further Move up so we will be Expecting further growth Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
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...
Wait for entry to cook before entry. Understand fundamentals of GBP and CAD before entry. Wait for the perfect entry if you are bullish.
FX:GBPCAD On the daily timeframe, GBPCAD has recently broken out of its previous trading range, which may indicate that its uptrend will continue. The most recent decline to 1.72200 is a retest of that daily level, which could potentially lead to an impressive upward move if the price manages to hold at this level. This would allow the bulls to regain control...
Take a look at our analysis for GBPCAD. Time Frame: 3h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 1.725. The above observations make me that the market will inevitably achieve 1.720 level. P.S Overbought describes a period of time where there has been a...
Hello,Friends! GBP-CAD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 1.707 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the GBP/CAD pair. ✅LIKE AND COMMENT MY IDEAS✅
welcome here is my gbpcad long idea its based on overall bullish market price came back to test interesting cheap price of 1.7220 after bullish run lets see how this setup plays out
This pair has reached the highest price since Feb 2022. Now I looked for indications for price reversal and make use of chart patterns. On H1 there's clear ascending channel then price reversed, now its providing second entry opportunity. *COMMENT what you think *LIKE if you understand the analysis
There is liquidity built up above this zone but orderflow looks bearish. At this 1.72649 zone I am looking for a confirmation to go short to clear liquidity at 1.72056.
Asian low swept. FVG in the 1Hr tapped. Targets below 1.72063
Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 1.7290, which is a pullback resistance that aligns with the 61.8% Fibo retracement. . Our take profit will be at 1.72259, a multi swing low support level. The stop loss will be placed at 11.7345, a swing high resistance level High Risk Investment Warning Trading...
still waiting for pullback and get buy like banks for up
Hello,Traders! GBP-CAD was trading along The rising support line But now we are seeing A bearish breakout so We are now bearish biased And we will be expecting A further move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
GBP has been the strongest performing currency so far this year - I keep asking myself why?? Country in a recession Stagnant economy Limp Central Bank With today's unemployment reading I'm expecting this to be the start of bearish involvement in sterling, I'm starting with this pair. Think oil has dropped a lot and could be ready to bounce up which is...
Lately on GBPCAD there was liquidity formed on top of us, now we are waiting to tap into our inverse fvg then go down to take out the swing lows