Lately on GBPCAD price has filled and closed above both the Daily fair value gap and the Daily inverse fair value gap and we are now waiting for the distribution to the upside to take out those failed highs + BUYSIDE liquidity
GBPCAD is Bearish on HTF. Well this is one of the pairs that gets my sugar level up, but still love to trade and analyze it. There's nothing much i can say but that i am currently tagged into shorts to this pair and i am looking forward to see how it plays out. Detailed analysis is highlighted on the charts: What are your thoughts?
Confluences to go long: 1-30% Weekly Bullish, Daily Bullish, 4hr Bullish 2- 10% Support form the Daily 50 Ema 3- 10% Rejection candle on Daily 4- 10% Support from the 4hr Ema 5- 10% Head and shoulder on Daily 6- At Weekly and Daily and 4HR Support
GBPCAD is currently moving up making HH and HL. Sign of retracement are observed with no divergence. Price can move up to a defined projection giving a good opportunity to buy on breaking highs.
GBPCAD may drop from a solid falling trend line on a daily. I see a strong intraday bearish confirmation after its test on an hourly time frame - bearish breakout of a neckline of an inverted cup and handle pattern. The price can retrace at least to 1.715 ❤️Please, support my work with like, thank you!❤️
1- Divergence on MACD indicator. 2- Followed by Convergence. 3- This presents a typical scenario of; Pullback followed by continuation to the Down Side. Looks like Pullback is happening right now. Look for Sell Setups in the shaded zone. Target and protection shown on the chart.
Hello,Friends! GBP/CAD pair is in the downtrend because previous week’s candle is red, while the price is evidently rising on the 6H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.713 because the pair is overbought due to its proximity to the upper BB band and a bearish correction...
Hello traders, we want to check the GBPCAD chart. The price is in a descending channel and has pulled back to the specified resistance level. We expect this level to maintain the downward trend of the price and the price will fall to around 1.70500. Good luck.
GBP/CAD is falling towards the pivot which has been identified as an overlap support and could bounce from this level to the 1st resistance. Pivot: 1.7156 1st Support: 1.7131 1st Resistance: 1.7196 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and...
This is a high risk short opportunity with prices bouncing off an upper pool after a really long run up. I'll set up a waterfall trade with positions strategically place short all along the upward trajectory to the upper order pool. It's showing signs of rolling over and heading back down to earth. Good luck with your trading.
Price currently trade at 1.72652. Price may decline away from that zone as we had a worse than expected unemployment rate from the United Kingdom. We may likely see a massive decline from that price level. A sell opportunity is envisaged
✅GBP_CAD is going up And broke the key horizontal Level around 1.7220 and the Breakout is confirmed so We are bullish biased and We will be expecting a Further bullish continuation LONG🚀 ✅Like and subscribe to never miss a new idea!✅
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.
The Pound Sterling's recovery has encountered a standstill amidst robust speculation regarding early rate cuts by the Bank of England (BoE). Concurrently, the GBP/CAD pair, after establishing a bottom within its channel around 1.68880, initiated a pronounced bullish surge, propelled by a convergence of technical and seasonal indicators. Technically, the price...
We have observed completion of XA, AB and possibly BC limb as well. We have yet to wait for CD limb to complete. Price may go up at PRZ, which will be a potential buy opportunity.
OANDA:GBPCAD This is to some extent a continuation of my last attempt to short the pair, which unfortunately failed. The pair has been consolidating for a while and has formed a triangle. Now, with a valid triangle pattern and bearish divergence, the pair has broken through the support. This presents a great opportunity to short the pair with moderate risk.
It seems like GBP/CAD is gearing up for a bullish move, supported by a bullish flag pattern formation and completion of a 38% retracement. With the breakout from the bullish flag, there's potential for a continuation of the upward trend. Traders may consider entering long positions to capitalize on this anticipated bullish momentum.
4YR: 1-2 RTM Note that the Penis setup is Visible on also Monthly and weeklies hence anticipating breakout of daily this Week for that next Week we may see Extended Run Waiting for break above the neck Line of the Penis