Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. Here is a detailed update top-down analysis for GBPCAD. Which scenario do you think is more likely to happen? and Why? Always follow your trading plan regarding entry, risk management, and trade management. Good Luck!. All Strategies Are Good; If Managed Properly! ~Rich
GBPCAD after our previous analysis dropped as expected to the 50% retracement where the market tested a support area. The market then moved to the upside and is currently trading between the 0.382 Fibonacci level and a daily resistance. How can i approach this scanrio? According to Plancton's strategy IF the market will break above the structure we can set a...
Hi viewers, GBPCAD after todays CAD rate cut, here new bullish push expecting TP1: 1.67200 (100) TP2: 1.67700 (150) TP3: 1.67700 (200)
GBPCAD reached the top of its multi-year Channel Down and got rejected, but found Support on the 1D MA50 (blue trend-line). Those two levels keep the price action neutral within a Triangle pattern. The 1W MA300 (red trend-line) is right above the Channel Down and is in our opinion the buy break-out level, where you should go long and target the upper Resistances....
Nice X-Point with a normal pattern. Low risk with high potential to drop...
GC makes a good case to buy here on the daily chart, after breaking the downtrend we have since seen the MA50>MA200, indicating a switch in the trend in candle closes, with the last 50 closes closing higher than the 200 closes previous, we have seen price move back to the MA50, and has since broken TWAP also, we can look for buys here and try make a new high. Oil...
The downward impulsive drive has a lot of power and if this line is broken, it can move to the last floor pivot.
UK inflation at 10,5% sparkled a rally in GBP that might continue for several days, pushing GBPCAD into the historical range 1,68 / 1,76. Inflation data that were published 2 days ago confirmed that UK is still laggin in its figth against inflation. Canada's inflation on the other hand has already decreased substantially since June 2022. Technically GBP-CAD has...
rising pennant BREAKdown thick Stop loss Risk ratio 1;6
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...
Looking at the H4 chart, my overall bias for GBPCAD is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a pullback buy entry at 1.62337, where the 50% Fibonacci line and liquidity hot spots are. Stop loss will be at 1.61034, where the previous swing low is. Take profit will be at 1.64258, slightly above...
GBPCAD on the 4h chart after the recent test of the weekly resistance dropped at the 0.382 Fibonacci Level. The price is now testing a support area and we can expect some deeper retracement. How can i approach this scenario? I will wait for the European market open and IF the market will break and close below the structure i will consider a nice short order...
Hello Traders, here is the full analysis on GBPCAD , let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. Kindly tap on like and follow button l.. Please also refer to the Important Risk Management
💷GBP/CAD Get Ready For It 💷Everything looks like GBP/CAD has no intention of making a correction any time soon. 💷 There is a resistance zone ahead which I believe will be broken through. 💷 If this happens the way will be opened to the strongest resistance zone ahead. 💷The first resistance zone was determined by two fibo levels. The first is 0.618 of the entire...
Trade Idea: Buying GBPCAD Reasoning: Trading in a bullish channel in the short term. Looking for higher prices. Entry Level: 1.6145 Take Profit Level: 1.6297 Stop Loss: 1.6075 Risk/Reward: 2.35:1 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...
💷GBP/CAD Declines on the horizon. 💷This time it's time for GBP/CAD which, in my opinion, gave us a clear signal today on the direction it wants to go in for the next few days. 💷Just look at today's downtrend candle which stands out from the rest in terms of size. And Everything becomes clear. 💷 As you can see, the price has just fallen to the fibo level of...
Please this is not a financial advice rather its an aid to guide you towards the markets possible direction over the next few hours... #fx #trading
💷GBP/CAD Time for a correction? 💷Growth in the UK is clearly slowing down the latest economic growth readings for Q3 2022 showed a 0.2% contraction in the economy 💷 In Canada, on the other hand, we await for Q3 data which will be released on 29 November the market is also assuming a contraction of the economy from 0.8% to 0.4% here too 💷 Unemployment in the UK...