The GBP/CAD pair on the M30 timeframe presents a potential selling opportunity due to the presence of a well-defined bearish channel pattern. This suggests ongoing selling pressure and a higher likelihood of further declines in the coming minutes or hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.7262, positioned...
Hello traders, we want to check the GBPCAD chart. The overall trend of the market is bullish and the price has reached a well-defined critical level that the price has reacted to several times in the past. Due to the fact that in the RSI indicator we see a divergence. We expect this level to stop the upward trend of the price and the price will fall to around...
Looking at the weekly GBPCAD chart, we see signs of potential bullish continuation, but a pullback towards the trendline is a likely scenario before further upside. GBP gaining traction: The recent price movement suggests GBP is strengthening against CAD. This is evident by the upward trend: ... on the weekly chart. Pullback expected: A retracement towards...
As I had anticipated, the GBPCAD decreased in value yesterday. The price successfully broke and closed below a support line within a rising parallel channel on a 4-hour time frame. I anticipate that the pair may continue to decline, with potential targets at 1.7192 and 1.7114.
i believe the gbpcad going long... with my indicator and personal analyses...
GBPCAD is making bearish divergence which means that bears take control. We can take short entry from specified level . SL , TP mention in in chart . TP will be 0.5 level of FIB. Analysis at 4 hour
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.