Same zones previously published! First zone it wiped out "candle broke" -1% Second zone +4% Stops at B/E
Price is approaching support where we are expecting a bounce above this level.
GBPCAD sell from 1.7100 area aiming for 1.6900 closes. Stops set at 1.71600 closes on H4.
Gbp / cad is stuck in the channel, so until the price breaks up or down there is no interest, unless you are a channel trader, so you can catch prices between 68,200 long and 71,500 short.
If price holds up 1.69626 on a 4H candle close, price is likely to go higher before another drop.
Momentarily GC is looking to turn things around, and go towards the BULLS! I expect price to bounce off my bottom channel line. There are plenty of TP opportunities and a lot of pips to catch! I personally am going to set a buy stop order @1.69800 and set 2 TPs. First TP: 1.70130 Second TP: 1.7000
GBP CAD - Short Flashcard - Pair in bearish trend - Pair presented with a double top which was stopped out after entry - Then another double top appeared with divergence @ 68 and a false bullish channel - Entry was on the second leg close below 13 ema - Stop 15 pips above second leg high ...
GBPCAD Short Direction: - Momentum on the H4 was Bearish. - The pair entered a Bearish OB (Orderblock) on the H4. - The pair filled in the FVG (fair value gap) on the H4, before dropping. - The pair retested the last level of the Bullish Cycle. Entry: - M (Double Top) Pattern Formation. - 13 EMA cross indicates probable continuation in drop. - Divergence. - RSI...
I see today's opportunity on a GBP/CAD hourly chart. A trend line break has occurred, however, RSI is close to the oversold range. A retest may follow back to the trend line, after which another wave of sales may break through the key level as well. This is an excellent short option for us, with a pending order we can easily board when it happens.
The pair has broken its current arc to the upside which acted perfectly as a resistance since yesterday. This is showing buyers are coming in the game. We have a confluence zone which is shown by the pink + white fibo levels (short-term and long-term price action). As you can see these levels match perfectly. This confluence zone will be my target, around...
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Good Afternoon, The pound has been bearish this week, if you followed my trades last week I made a healthy profit on GBPUSD trade which I was looking to hold longer however I closed that yesterday and banked some profits and will look to re-enter long if I see a new opportunity. With this pair price seems to be moving south also - from the chart you can see the...
GBP CAD IN Downtrend MACD 4 Hour Down 4 Hour Bearish Engulfing Candle Ichiomku Strong Bear Signal 15 Minute
The current blue curve which supported the pair multiple times was broken on July 13, 2020. I am buying the pullback assuming today's prices have reached a bottom. As you can see, we have high volume node (HVN) around the 61.8% fib level which is my level of interest (target), suggesting it could face a strong resistance at these levels. Trade at your own risk
hey guys, GBPCAD is trading on a key daily structure resistance. The price formed a completed harmonic bearish bat pattern. Friday's daily candle was rejected. on 4H the price is contracting within a rising wedge pattern. after an attempt to break through the daily structure, the price has formed the inside bar candlestick formation. 1.714 - 1.7207 is the...