Bearish trend continues. Multiple LH,LL are showing. Entering onspot
I have entered a long position on GBPCAD after the price reached a key demand zone. After conducting a thorough analysis of the GBPCAD chart, I have identified a compelling opportunity to enter a long position. The price action recently touched a significant demand zone, characterized by a cluster of buy orders. This area represents a strong support level where...
We are Bearish in Weekly, Daily and 4HR. We creatin a new 4HR lower high. waiting for entry conformation.
💵Pair Name : GBP/CAD Time Frame : 4 hrs Scale Type : Large Scale ------ 🌐 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 ( Short ) Mid Term Type : Mid Term Swing —————————— ☑️Bearish Break 1.70650...
The GBP/CAD pair on the M30 timeframe presents a potential buying opportunity due to a recent upward breakout from a bullish channel pattern. This pattern suggests ongoing buying pressure and a higher likelihood of further advances in the coming minutes or hours. Key Points: Bullish Channel: The price has been trading within an upward-sloping channel defined by...
Please pay special attention to the very accurate trend, and colored levels, red level as SL. Be careful BEST MT
In the retail zone, which is currently above 1.69–1.733, GBPCAD is where individual traders, or retail traders, are actively buying and selling currencies. This zone indicates where most people are making their trades, often based on their own analysis, news, or speculation. Conversely, the wholesale area, ranging between 1.5477–1.40507, is where larger financial...
DAILY: -BW -na de ascending chanel volgt stevig impuls naar beneden, kunnen nu gaan kijken naar continuatie patronen WEEKLY: - zitten onder een sterke selling zone 4HOUR: - wachten op de H&S
Using technical analysis, the overall is bearish so we love a drop-down from previous zones
While we're in a downtrend, there are bullish signals from divergences from a higher timeframe - so maybe there will be a reversal soon. The MACD crossed the signal line - this could also indicate an upcoming trend reversal. I opened a small long position with TP at the weekly pivot. If we'll see additional signals that support my theory of a trend reversal - I'll...
H4 - Bullish trend pattern followed by a pullback in the form of double wave down. Bullish divergence. Until the two strong support zones hold my short term view remains bullish here.
🏃♂️ GBPCAD is moving near 🟡 Potential Reversal Zone(PRZ) 🟡and 200_SMA(Daily) . 🌊Regarding Elliott Wave theory , GBPCAD is completing the Expanding Flat(ABC/3-3-5) corrective structure. 💡Also, we can see Regular Divergence(RD+) between two Consecutive Valleys . 🔔I expect GBPCAD to rise to at least the 🔴 Resistance zone(1.715 CAD-1.700 CAD) 🔴 after...
Following the downtrend. Selling from orderblock where there is imbalance at 1.69948. First target at 1.69673 where there is some imbalance.
On the daily time frame pair is trading in an uptrend and on retest the key level of resistance a dozi candle was spotted which signify the weakness of sellers. There is a confluence of fibo retracement and rising trend line test. Analysing the 4 hour chart a Inverse head and shoulder was spotted .A break of the neckline signify bullish momentum.
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current GBPCAD chart which, if analyzed properly, clearly points in the upward direction. ❤️ Please, support our work with like & comment! ❤️
FX:GBPCAD Break and retest below daily resistance in confluence with the 38,2 Fibonacci retracement level on an overall bearish structure on the daily, 4h and weekly
I am currently in a short position on the GBPCAD currency pair. This decision is based on two key factors: the identification of a supply zone and the presence of a harmonic bat pattern. Upon careful analysis of the chart, I have observed that the price has reached a significant supply zone. This area is characterized by a cluster of sell orders, which can...