GBPCAD price is near the support zone 1.67903 if this support continues to work well. It is expected that in the short term there is a chance that prices will rebound. Consider buying a red zone.
>>Thank you and GooD Luck 😊
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Hi traders as you can see here I'm expecting my trade to comeback that order block and get long, ITS HIGH PROBABILITY TRADE , LETS SEE HOW IT GOES , NOT FINANCIAL IDEA.
GBPCAD is on a downtrend on the 4hours time frame and now price has retraced to a supply zone. I think I will enter a sell position after confirming a CHoCH on the 15 minutes TF in alignment to the 4 hours TF.
Remember, " NO CONFIRMATION " , "NO ENTRY"
GBPCAD Next Sell opportunity 1.70946 - 1.71459
GBPUSD SELL LIMIT 1.71160
TAKE PROFIT 01 : 1.70320
TAKE PROFIT 02 : 1.69320
TAKE PROFIT 03 : 1.64250
STOP LOSS 1.71887
When markets open, place your limit order with proper money management. When 1st target hit make sure to move your stop to breakeven.
Key level
4H Support price - 1.67630
4H Resistance price - 1.71459
The market is ranging near the key resistance at 1.70000. The price has broken through therange zone and the price is testing main resistance and it shows overbought. I look for to testing this zone and fall from in case if the market makes fake break or double top with some divergence. On the 4H timeframe the market formed inside bar and I wait for fake breakout...
My dear subscribers,
GBPCAD looks like it will make a good move, and here are the details:
The market is trading on 1.6987 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 1.6896
About Used Indicators:
The average true range ATR plays an important role in 'Supertrend' as...
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 downward direction.
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GBPCAD just took out the Buy side liquidity am expecting the price to bounce from the FVG zone as its been considered as a pullback or retracement to 1.6912 then price should remain stable till 1.72000
JOIN AND ENJOY.........
GBPCAD market is trading in an ascending channel, and it created divergence at the resistance.
Price made a double top at resistance and created an engulfing candle.
On the daily chart, the price is actually at resistance, so it will be harder to break through it.
We expect a pullback to the support level that perfectly lines up with the 50.0% fibo...
The GBPCAD is giving some good points around here, its a nice move if at all works in our favour, however, the instrument is still taking its trend.... join the move in the H1 or M30
Hello traders!
‼️ This is my perspective on GBPCAD.
Technical analysis: Here we are in a bearish market structure from 4H. timeframe perspective, so I am looking for short. I wait price to go a little bit higher to take liquidity above equal highs and to fill the imbalance, then to reject from bearish order block.
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We have a beautiful price action characterised by a break of structure, created a high that showed loss of bullish momentum followed by a low at 1.68879. The low is anticipated to be taken and we shall have a shift that is expected to hike price to the rejection block for sells to be taken. We have a 4 hour order block as our stop order and the ultimate target is...
hello traders.look at the chart from high time frame first.in weekly you can see choch and in daily time we are in downside.now look at the 4hr time frame.
price took the liquidity and fill the fvg area and we are in downtrend in 4hr too.so everything is ready for sell setup.for entry we should look for confirmation in small time frame?what is your...
so update on my GBPCAD pair
at this stage it kinda makes sense if price fills and goes back to the high before the move down ? or will price fall down from here as we are at a daily level , for now i wanna see a break retest on the 4H to the take a long position.
again im updating daily now to help others learn from this very simple strategy. anyone needs help...
