GBPCAD has demonstrated a recent bullish trend, evident on the 4-hour time frame by the development of higher highs and higher lows. The current price swing indicates an imbalance beneath the price, potentially serving as a re-balance target. My approach involves anticipating a retracement into the 50-61.8% fibo zone, creating a favorable discounted entry point....
GBPCAD is trading in a bullish trend. The price formed an ascending triangle formation and violated its neckline with a high momentum bullish candle. That is a strong trend-following signal. We can anticipate growth now to 1.725 level. ❤️Please, support my work with like, thank you!❤️
The number of 1.725 units is a very important range for the price, if the price increases up to this range, the market can enter a falling scenario and experience a price decrease up to the range of 1.710 and in case of strength, the range of 1.700 units.
Hello traders, Wave 5 is supposed to end at 1.72093 zone. Then ABC Correction is aimed at getting to 1.70360. Thanks.
The market is testing it's newly made supply for the second time at 72732. The previous sell off at this level broke a strong demand level at 66195. Now since we are tapping into this demand, we expect sellers to come in strong. Sellers look to be in control! First target at 66752!!
Hello traders! ‼️ This is my perspective on GBPCAD. Technical analysis: Here we are in a bullish market structure from 1H timeframe perspective, but for now I expect we can see a retracement price to fulfill the imbalance and then to reject from bullish order block + institutional big figure 1.71000. Like, comment and subscribe to be in touch with my content!
4h and daily in control, soon clean with fresh departure. quarterly level near entry.
GBPCAD Buy Stop Loss: 1.703 Targets: 1.709 1.710 1.712 1.714 1.715
My dear friends, Please, find my technical outlook for GBPCAD below: The price is coiling around a solid key level - 1.7129 Bias - Bearish Technical Indicators: Pivot Points Low) anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 1.7053 Safe Stop Loss - 1.7167 About Used Indicators: The...
bullish flag pattern with no divergence looks in favour for a bullish trend if it breaks the highlighted buy stop
H4 - Strong bullish momentum. Bullish trend pattern. Until the strong support zone holds I expect the price to move higher further after pullbacks.
Consider selling GBPCAD based on historical seasonality trends and anticipated positive monetary policy by the 2024 Federal Reserve head. Monitor seasonal patterns, economic indicators, and central bank communications. Exercise caution, implement risk management, and seek professional advice as trading carries inherent risks.
Uptrend + wyckoff schematic on the GBP/CAD Forex pair. Let's see how the trade rolls out.
GBPCAD 15MIN R:R = 3 DBD ZONE : This zone is calculated by supply and demand method
Gbpcad trade has successfully given 200 pips as we published our idea previous week. Indicator based SMC approach Follow and like for more such setups.
FX:GBPCAD Break of structure, waiting for a retest to the 1.71064 Daily resistance area to look for sells
Top down analysis on our favorite forex pairs, this is not a financial advice for anyone. This is just my take on what the markets are presenting to me.