Hello traders! ‼️ This is my perspective on GBPCAD. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs. I want price to continue the retracement to fill that huge imbalance and then to react from bullish order block for a long position. Like, comment and subscribe to be in touch with my content!
FX:GBPCAD is forming a bearish trend change attempt. The Canadian dollar index is declining, while the GBP index is in consolidation against the background of the uptrend. The growth of the currency pair may continue after retesting the support at 1.6977 and forming consolidation above this zone. What confuses us is the false breakdown of the 200-hour moving...
Hello everyone ... Use good RISK management only thing important in Trading is how you manage your trade... WHAT YOU THINK ABOUT THIS PAIR LET ME KNOW IN COMMENT.. .. good luck..
Hello everyone i hope every one have a great profitable week. ... gbpcad enter in old weekly consolidation area ,price at support level of this old area,its a buy trend so price will respect this support level.. WHAT YOU THINK ABOUT THIS PAIR LET ME KNOW IN COMMENT.. .. good luck..
Good day, There is a very good compress toward our sell zone with lq. Limit sell 1.7177 Stop loss :1.7190 Target : 80 pip Good luck
GBPCAD has broken the structure to upside and coming back to clear out liquidity. I have identified an Unmitigated OB from where I think market will move upward.
Market Structure is Bullish on Higher Time Frames Weekly Rejection at AOI Strong Daily Rejection at AOI Weekly and Daily around same AOI Around Psychological Level 1.70500 H4 Double Bottom REMEMBER: Trading is a Game Of Probability : Manage Your Risk : Be Patient : Every Moment Is Unique ...
Overall trend is still very bullish, we will enter a short term rebound.... Good luck
Good Day everyone, here is an idea for a Long opportunity! Price Has reach EMA and we will expect it will continue to going up. Long now for a good 1 to 2 RR. so far we are up for 8R(Jan)
GBP CAD sell idea M formation, trend break broken trend line trendline test I assume after news on CAD, sell GBP CAD entry around 1.70700
FX:GBPCAD The weekly, 4h and 1h timeframes are bearish giving me a bearish bias. Price broke below 1.70666 4h/1h support area simultaneously breaking bullish structure of the 1h and 4h. I am waiting on a pullback to the 1.70666 area which will now be the resistance area to look for sells on gbpcad
4hr Trend, strong uptrend RSI(7) - just dipping through the 50 level Looking for bullish confirmation at 1.70561 to go long CAD CPI being released, negative inflation data can weaken the CAD
GBPCAD is trading in the ascending channel. It created divergence at the resistance level. The market rebounded from the psychological level at 1.71000 and closed below it. Price decelerated while approaching resistance, so most likely it will go down. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Looking for short positions, it is a clearly divergence (RSI), as well as if we take now the position it has a good Risk Reward Ratio > 1.5
Hello traders, Wave 5 is supposed to end at 1.71266-1.71580 zone. Then ABC Correction is supposed to materialise towards the support zone at 1.69870. Thanks.
Gbpcad H4 above 1.71057 Making it a new high in the market The structure is very much bullish so am Expecting a Retracement to that level and then we can target highs above
Hello Traders ! On Wednesday 27 Dec, The GBPCAD Reached a Support Level (1.67077 - 1.67633). The Price Formed a Double Bottom Pattern. Currently, -The Neckline is Broken. So, I Expect a Bullish Move 📈. ----------- TARGET: 1.71100🎯
Pair : GBPCAD ( British Pound / Canada Dollar ) Description : Completed " 12345 " Impulsive Waves and " ABC " Corrective Waves and making its Impulsive Waves. Bullish Channel as an Corrective Pattern in Short Time Frame wait for Rejection or Breakout. Strong Divergence in RSI