Hello,
Welcome to this analysis about CADGBP, we are looking at the 2-hour timeframe perspectives. CADGBP in the recent times has shown up with great developments that are building the foundation for increased upcoming volatilities. Therefore, as when looking at my chart we can watch there how CADGBP has formed this main ascending-channel-formation with the...
CADGBP, the Canadian Dollar against the British Pound, is showing indications of a potential reversal as it forms a triple bottom pattern on the 1-hour timeframe, finding support at a key level. This pattern suggests a potential shift from a downtrend to an uptrend.
Traders observing this potential reversal might consider a take profit level at 0.5983, targeting...
The British Pound/Canadian Dollar completed its double-three correction(WXY) in the resistance zone with an ending diagonal pattern.
Also, if you look carefully, you can find the evening star candlestick pattern in a 4-hour time frame.👇
So, I expect the British Pound/Canadian Dollar will go down at least to the support zone.
🔅British Pound/Canadian Dollar (...
The British Pound/Canadian Dollar broke the support zone and is now completing the pullback.
I expect the British Pound/Canadian Dollar will go down at least to the next support zone.
🔅British Pound/Canadian Dollar ( GBPCAD ) Timeframe 4H⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy,...
It seems The British Pound/Canadian Dollar completed its wave 5 on the resistance zone & resistance line.
I expect The British Pound/Canadian Dollar will go down at least to the end of wave 4 after breaking the trend line.
🔅British Pound/Canadian Dollar ( GBPCAD ) Timeframe 1H⏰.
Do not forget to put Stop loss for your positions (For every position you want to...
Hi, this is my new update for GBP/CAD. We finally broke the trendline yesterday and today we have backtested both the trendline and the 50 days moving average. I expect we are going to hold it.
-In the latest COT report, covering the week to October 26th, speculators reduced long exposure to the US Dollar for the third consecutive week as net longs fell $1.9bln.
Short-term target: 0.5892
In upcoming times we can expect CADGBP to increase with bullishness and continue with the wave development till the dynamic-target-zone marked in BLUE BARS in my chart has been reached and once this happened it will be crucial as CADGBP will more likely reverse in this structure because of the slightly overbought conditions omnipresent in this case, what happens...
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Here we will update ideas , analysis and signals at daily basis.
So, now we are here to update about GBPUSD. GBPUSD is making rising wedge .And It has breaked that wedge. Now it can target Price level 1.30 within few days.
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Strategy : Range Area setup
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Feel free to request any pair/instrument analysis or ask any questions in the comment section below.
Strategy : 61.8 FIBO RETRACEMENT
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This one pivoted not too long ago, and we are just finishing off the first ABC fractal. Goals in green, invalidation in red. Not financial advice, do your own research.
perfect pair for small accounts. The pair is not very volatile. ATR is very small.
price is sat on a strong support level shown on the 4 hour chart.
RSI is pretty low and also showing a slight divergence ( minor but still present)
Price is also sat a monthly low.
