As We Talked in The Previous Analysis: The GBPCAD Reached a Strong Resistance Level. The Price Formed an Expanding Triangle Pattern. Currently, The Higher Low is Broken. So, I Predict a Bearish Move📉. TARGET: 1.69320🎯
Market Structure Bearish on higher Time Frames Weekly and Daily in same AOI Weekly Engulfing Candle Weekly Rejection at AOI Around Psychological Level 1.70500 Daily Engulfing Candle AOI at Daily LH AOI at H4 LH Potential H4 Head and Shoulder REMEMBER: Trading is a Game Of Probability : Manage Your Risk : Be Patient ...
As We Talked in The Previous Analysis: The GBPCAD Price Formed an Expanding Triangle Pattern. The Higher Low is Broken. Currently: The Price Pull Back to Important Structure and Formed a Head and Shoulders Pattern. TARGET: 1.69320🎯
Hello,Friends! We are going short on the GBP/CAD with the target of 1.697 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band.However, we should use low risk here because the 1W TF is green and gives us a counter-signal. ✅LIKE AND COMMENT MY IDEAS✅
GBPCAD Short Postion Based on the 4hr time frame GBP is pushing the dollar down especially with the news that came out today
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.