All ideas are strictly my interpretation of price action. I am not a professional trader nor is this professional advice. I will continually update all trades.
GBPCAD formed an inverted cup & handle formation on a daily time frame after a test of a key horizontal daily resistance. To sell the market with a confirmation, I will look for a bearish breakout of its neckline. Daily candle close below 1.7087 will confirm a violation, a bearish continuation will be anticipated at least to 1.7015 support then. ❤️Please,...
After the unemployment rate news came worse than expected with an outcome of 4.3 compared to previous release of 4.2 . price dropped and currently trade at 1.71323 From the technical standpoint , price may plummet to 1.7000 level as bearish momentum sets In.
You can wait until it leaves the triangle, but I entered. This is my opinion and it may be 100% wrong
SELL GBPCAD on H4 frame SL:1.72242 TP:1.69 Megium signal.
Aggressive Entry Return to Previous Level Pattern Unemployment Rate etc all better than Expected Hence Positive CAD push Down But now more often than not the Retrace Over Extended on the FT MLA Bands MT4 RSi's heading up on the 1 m need to get in early.
The presence of an ascending trend line on the daily frame There is divergence on the Relative Strength Index (RSI). The presence of areas of strong demand The presence of a harmonic model supports purchasing
GBPCAD short did not get filled in but level getting respected
All ideas are strictly my interpretation of price action. I am not a professional trader nor is this professional advice.
Market Structure Bullish On HTF Weekly and Daily around same AOi Weekly Rejection Candles Daily Rejection At AOi Daily EMA retest Around psychological Level 1.71500 H4 EMA Retest Candlestick rejection from AOi SOS 1:4.92% Entry Signal 85% B+ REMEMBER: Trading is a Game Of Probability : Manage Your Risk : Be Patient ...
Hello,Friends! GBP/CAD pair is in the uptrend because previous week’s candle is green, while the price is obviously rising on the 9H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.721 because the pair overbought due to its proximity to the upper BB band and a bearish correction is...
Hello, traders here is an analysis of GBPCAD next week As you can see the price has been bullish for the past few days and now it is in the resistance zone (green zone) that has been tested multiple times and you can see that the price created an inverted head and shoulders pattern that signals bullish move so now I am going to wait for the price to break the...
I think price can move according to the specified area...
✅GBP_CAD is going up to retest a horizontal resistance of 1.7350 Which makes me locally bearish biased And I think that we will see a pullback And a move down from the level Towards the target below at 1.725 SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Hello,Traders! GBP-CAD keeps growing And the pair will soon Hit a massive horizontal Resistance level of 1.7338 From where we will be Expecting a bearish correction Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
GBPCAD - now price reach a strong resistance area, so i wish bearish could win bulls. But we have to wait good price action in daily timeflame
Hello, traders here is an analysis of GBPCAD next week As you can see the price has been bullish for the past few days and now it is in the resistance zone (green zone) that has been tested multiple times and you can see that the price created an inverted head and shoulders pattern that signals bullish move so now I am going to wait for the price to break the...