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...
Trading Setup: There is a Trading Signal to Sell in GBPCAD Currency Pair. Traders can open their Sell Trades NOW ⬇️Sell Now or Sell on 1.6874 ⭕️SL@ 1.6931 🔵TP1@ 1.6721 🔵TP2@ 1.6555 🔵TP3@ 1.6261 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands Risk Warning...
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!❤️
Signal No.4✳️✳️ Sell Gbp/Cad @ 1.6750 Tp - 1.6665 & 1.6580 Sl - 1.6800
21st March (might not be alot of trading opportunities) DXY consolidating possible breakout down to 103 NZDUSD: too late, no trade AUDUSD: buy above 0.67 SL 20 TP 20 (small trade) USDJPY: break 131.50 SL 40 TP 80 GBPUSD: retrace down to 1.22 EURUSD: likely to up to 1.0760 but not great RR trade USDCHF: sell below 0.9280 SL 20 TP 40 USDCAD: watch video...
looking bullish for midterm forming descending broadening wedge in 3 days timeframe incase of breakout expecting 600 to 800 pips bullish move
In this multi-time frame analysis, I go over the bullish outlook and forecast on GBPCAD. I outlined the 2 possible scenarios of the price to wait for in order to confirm the next bullish up move. Remember to clearly understand what forecasting is for to give you a better entry rather than blindly enter without any price action confirmations. Higher time frame:
GBPCAD on the 4h chart is trading exactly at the fair value over the 50% support of the previous impulse. We can notice how the market created a range with a spike over the 1.65000 area that seems to be a head and shoulders pattern. The Head and shoulder pattern works in a better way at the top of a trend while here we are not but in case the price will break...
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.
GBPCAD pair is currently in a downtrend, with a series of lower lows and lower highs on the 4-hour chart. The market tested a previous higher low and rejected the bulls' attempt, and the price is currently trading above a daily support level after testing a supply zone. The Perice attempted to break a 4-hour resistance level during the last bullish move but was...
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...
Bias: Short Market Cycle: Possibly the beginning of phase 1 I'm looking at 1.6170 for a potential break and retest.. You'll notice what looks like a 1h OB highlighted with a circle on the left, however when you move up to the 4h TF this OB disappears.. Therefore, if we get a break below 1.6170 followed by a SR & CC to the downside I will look for shorts.....