My dear friends, Please, find my technical outlook for GBPCAD below: The instrument tests an important psychological level 1.7108 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.7092 About Used Indicators: Super-trend indicator is...
We are looking for the retracement over Fib(0.318) and a continuation starting from Fib(0.136) to the upside. Plan is to risk a total of %1, so that 3x lots and 200 points (20 pips) SL should be equal to the %1 of your account. Direct entry.
We can attempt to short GBPCAD from specified level as 0.618 FIB , LH occur , also there is no bullish divergence. SL , TP mention in chart.
GBPCAD cleared most liquidity to the left, and we have news at 5:30am. Perfectly showing liquidity that needs to be grabbed before continuing. GBPCAD has been bearish i think it may be time to be bullish; however, I think it will happen Tue/Wed. Monday liquidity will be created.
Lately on GBPCAD price has cleared Buy-Side-Liquidity and formed a market structure shift and distributed to the downside and the market is currently recreating another mss in order for it to distribute even more to the downside
GBPCAD currently on the 12-months' time frame price has swept previous 12months candle high now heading for the low
The pair GBPCAD seems to continue its Bearish momentum considering the fact that price has bounced low from the neckline and bearish divergence is also seen on the charts. Where as the fundamental of the GBP and Seasonality also suggests a downward move from here. The trade setup is for the sell trade at CMP with risk reward ratio of 1:1. what are your views...
GBPCAD has reversed after reaching a resistance zone and forming a bearish head and shoulders pattern, potentially driving the price further downward towards the targets indicated on the chart. Please note that this is merely a trading idea and not a signal. It could either succeed or fail, so I encourage you to conduct your own research and analysis before...
price broke a significant low which means there's a probability of the market making a lower high and from there we can look for shorts. disclaimer: this is not a trading advice, just my own perspective.
Here is our detailed technical review for GBPCAD. Time Frame: 6h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 1.708. Taking into consideration the structure & trend analysis, I believe that the market will reach 1.699 level soon. P.S The term oversold refers to a...
A glimpse of the GBPCAD in the first half of 2024 Stay with me to get more analysis after following me by sharing with friends and leaving a comment. According to my risk and capital management system, the risk of each trade is one percent per position. What do you think about this analysis and other analyses? What symbol would you like me to analyze for you?
be patient to waiting the confirmation in my idea / analysis base on basic technical, i do prefer SHORT in (2 area) in timeframe H4 , confirm downtrend the area i mark is " IMB " so, lets see guys. DISCLAIMER this is not a signal / recommendation BE SMART save and love your money DYOR !
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.
GBPCAD is in bearish trend with no RSI divergence at bottom , testing 0.618 fib retracement sell on CMP with risk define previous highs
Possible Setup. Higher TF is bearish based on price action. Market reacting to fib area + 4HR reversal pattern. Let's see if the sellers are in for the downside
it's Touching its 1h Trend line and in bullish momentum will continue to make higher high higher lows
GBPCAD is trading in a long-term bearish trend. After the last bearish wave, we see a correctional movement on a daily. The price reached a key horizontal resistance cluster. After the test of the underlined blue area, the pair started to consolidate on a 4H time frame and then it broke a support line of a rising wedge pattern. It may indicate that the market...
GBP/CAD appears to be retracing from the 1.7030 level, and the trend seems to be entirely downward, suggesting further declines. Now is the perfect time to enter a sell position at 1.70688, targeting 1.69464, with a stop loss set above 1.71530.