Hello,Friends! The BB upper band is nearby so GBP-CAD is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 1.709. ✅LIKE AND COMMENT MY IDEAS✅
Please, check our technical outlook for GBPCAD. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 1.709. Taking into consideration the structure & trend analysis, I believe that the market will reach 1.714 level soon. P.S Please, note that an...
Expecting continuation of the upside for a test of recent high. If price hits partial profit, I'll move my stop loss to the entry point. Trade supported by lack of bearish divergence in lower timeframes.
Entry : Price broke through the trend line and the swing high of trend line. Will be looking to take longs from the bullish zone if the market taps it. Stop Loss : Will be below the swing low. Take Profit : TP1 will be at the bearish Zone, TP2 will be at the High.
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Still bullish on the pound. Bears are correcting a bit, but I see bulls hitting this area in the near future. Stress free trade. Low size, little to no leverage. Set it and go on with my everyday life. Hope you all had a great trading week!
We are waiting for that position as it's filled with our High Probability trades.
The GBPCAD is experiencing significant bullish momentum. Initially, the market broke through a strong downward trend line on a 4-hour chart. Additionally, it surpassed a broad supply zone. These broken barriers have created a larger demand zone. I anticipate a bullish trend towards 1.724 - 1.728 levels.
d1 : key level of pullback has been broken h1: up trend just open buy limit order at demand zone h1
GBPCAD - Classic bearish formation - Our team expects fall SUGGESTED TRADE: Swing Trade Sell GBPCAD Entry Level - 1.7221 Sl - 1.7259 Tp - 1.7146 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
💵Pair Name GBP/CAD 1 DAY RELATIVE PERFORMANCE GBP 0.22% / CAD -0.01% Time Frame : 4 hrs Scale Type : line chart + Candle Stick ------ 🔗 Key Technical / Direction ( Long ) Type : Mid Term Swing —————————— Bullish Break 1.71100 Area Reasons - Major Turn level - Visible Range value - Fixed Range Low Volume - d + W High Break - FIbo Golden...
Market is retesting a previous support turn resistance .. key entry for sell is 1.72200 ... 30pips SL and TP @ 1.69500
WEEKLY - Uptrend - Big BM and small BM - SD zone / IC / iHS DAILY - Bearish MS (!) - Bullish impulse (2 solid candles) starting from weekly zone 4 HOUR - BM / iHS
GBPCAD has been in an upward trend for the past week. It is currently facing strong resistance at a horizontal level. I am waiting for a breakout, and a close above this resistance level on an intraday candle will confirm the breach. If this happens, we can expect a bullish movement towards at least 1.725. I will provide an update once a breakout is confirmed.
The price is rising towards a pullback resistance level, which aligns with the 61.8% Fibonacci retracement level. It could reverse from this point towards our take profit target Entry: 1.71859 Why we like it: There is a pullback resistance level which aligns with the 61.8% Fibonacci retracement Stop loss: 1.72912 Why we like it: There is an overlap resistance...
cad being sronger against the gbp. technical confluence at key levels and price ,market structure
USD/JPY Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of interest. • If 2 touch 5 min continuation, reduced risk entry on the break of it. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it. AUD/NZD Short Minimum entry requirements: • 1H impulse down below...
bullish flag on gbpcad 4hr time frame indicating a long set up