We have some Hidden Bearish Divergence on the monthly MACD as the GBP is failing to get above the highs for the 3rd time. This could eventually lead to a huge breakdown that could take it all the way down to the 1.618 Fibonacci Extension.
Weekly Forex Forecast (May 22 - May 26) GBP/CAD - H4 Chart - Falling Wedge with Breakout Always wait for strong Conformation in Short term for entry. 👈👈👈 If you found my post helpful or informative, could you please leave a comment 💬🖌 and hitting that like button💚💚 “Markets are never wrong, but opinions often are.”-Jesse Livermore Good Luck💛💛
Bullish Setup The next HH HL is the sinal of the Bullish Trend start Here’s the 4hr Elliott wave Chart from the 4/14/2022 New York update. In which, the rally to 1.6866 high ended 5 waves from the 2/10/2023 low in wave (1) & made a pullback in wave (2). The internals of that pullback unfolded as Elliott wave double three correction where wave W ended at...
LOB entry on GBPCAD 15 Mins for a Short position. R:R 2
GBP/CAD - M30 Chart - Rising wedge Pattern Signal No.2✳️✳️ Sell Gbp/Cad @ 1.7023 Tp - 1.6945 & 1.6881 Sl - 1.7070 If you found my post helpful or informative, could you please leave a comment 💬🖌 and hitting that like button💚💚 “Markets are never wrong, but opinions often are.”-Jesse Livermore Good Luck💛💛
LOB entry on GBPCAD 15 Mins for a Long position. SL Below the Asian session.
GBPCAD on the 4h chart got rejected by the resistance area at the 1.68500 and retraced at the 0.786 fibonacci level. The Price touched the 0.886 with a spike before inverting and retesting the weekly structure. Overall the bias remains bullish and this make us think that a break of the resistance is still possible with an increasing pressure of the buyers. How...
GBPCAD on the 4h chart is trading below a key resistance level at the 1.68500. The structure has been tested few times also in the past and a retracement t to the 0.382 or lower Fibonacci level can be seen before the bulls regain strength. How can i approach this scenario? I will wait for a retest of the support area and IF the price will revere and satisfy the...
On the intraday level, I am bullish on GBPCAD, following the established trend. The trade could get active today if the market deems it possible, or wait till Aisn opens on Sunday evening. Either way, it is worth looking into.
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. on DAILY: Left Chart GBPCAD is overall bearish trading inside the red channel, and it is currently approaching the lower red trendline. Moreover, the zone 1.60 is a strong weekly support zone . 📚 So the highlighted purple circle is a strong area to look for buy setups as...
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. GBPCAD is overall bearish trading inside the red channel, and it is currently approaching the lower red trendline. Moreover, the zone 1.60 is a strong weekly support zone . 🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection...
Trade Idea: Buying GBPCAD Reasoning: Swing failure on the daily, possible short term bottom on the intraday Entry Level: 1.6175 Take Profit Level: 1.6346 Stop Loss: 1.6110 Risk/Reward: 2.61:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk...
Looking at the H4 chart, my overall bias for GBPCAD is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Looking for a pullback sell entry at 1.64496, where the 38.2% Fibonacci line and overlap resistance is. Stop loss will be at 1.65881, where the recent high is. Take profit will be at 1.61021, where the previous swing...
This is GBPCAD and I expect it to go bullish, why? 1. The support zone at 1.64300 is a four hour support zone 2. I need price to come back to this support zone which supported price as of yesterday to come for a second leg buys. This is one of the three pairs I've decided to be on till the rest of the year for psychological reasons, and I will try my best to drop...
The downward impulsive drive has a lot of power and if this line is broken, it can move to the last floor pivot.
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 (...
In today's article, we will go into all the important events, which are scheduled in the economic calendar, for the next week. > Calendar week | 03 - - - 16. January 2023 – 20. January 2023 Let's briefly discuss what the listed events mean for your personal trading. > When you want to trade a currency pair, you should always be careful that you do not...
Hi, I have entered the GBP/CAD rejection from resistance. This trade is slightly riskier, I will be monitoring this trade and moving SL to entry as soon as possible (0.5R) Good luck if you join