Hey traders, in today's trading session, we are closely observing GBPCAD for a potential selling opportunity near the 1.68900 zone. GBPCAD has been following an upward trend, but it has recently experienced a breakout. It is currently undergoing a corrective phase and approaching the retrace area near the resistance zone of 1.68900. Trade safe, Joe.
GBPCAD/ 4H Hello traders, welcome back to another market breakdown. GBPCAD has been trading in a bullish trend on higher time frame. The price now is in a deep pull-back where a lower high can be printed anywayre around this zone if we were to continue the trend. Checkout the chart for what time of confirmation I'll be waiting for. Trade safely, Trader Leo.
On GBPCAD, we have a primarily bearish setup with a price that attempted to change its structure on Friday without success. This morning, the price created a short setup with the entry point highlighted in yellow. All of this follows the Forex48 strategy. Let me know what you think. Happy trading to everyone. Forex48 Trading Academy
Hey Traders, Check this trade setup on GBPCAD out. Following the simple price pattern, a break below the lower band of the ascending channel. Keep close watch
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. GBPCAD is overall bullish trading inside the rising channel in red. Moreover, the zone 1.68 is a support zone . 🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue support and lower brown trendline. As per my...
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
GBPCAD / 1D Hello traders, welcome back to another market breakdown. GBPCAD has broken from the trading range. I'll be waiting for the price to test back the breakout point for a long position. Trade safely, Trader leo
LOB entry on GBPCAD 15 Mins for a Long position. SL Below the Asian session.
LOB entry on GBPCAD 15 Mins for a Short position. SL Above the Asian session.
Hi viewers, GBPCAD price break first zone, currently here still bearish trend expected TP1:1.66500 (80) TP2:1.66100 (120)
Looking to sweep around 300 pips to the downside based on technical chart patterns. Use proper risk management
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...
This setup is based off of our larger swing setup for a possible BUY move, but we have a short term bearish order flow so we are following that for now, if we see price tapping in and dropping we will expect it to reach the lower areas of demand that you can see located at our lower swing low... it is from this stage iam looing for a possible shift to a bullish...
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GBPCAD on multi timeframe analysis : Monthly frame: we see the pair testing a strong resistance, closing below it is taken as bearish. Shorter frame: on 6hrs, we see a rising wedge pattern broken and price currently is trading below it. While we can short here and now we prefer waiting March closure. Another reason of shorting this pair is the likelihood...
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...
GBPCAD reached a major horizontal resistance. The price has nicely reacted to that, forming a bearish engulfing candle on 4H time frame. I expect a retracement from the underlined structure. Goals: 1.68 / 1.677 ❤️Please, support my work with like, thank you!❤️