GBPCAD on the 4h chart is trading inside a descending channel. The price after the recent low is trading in a series of higher highs. According to Plancton's strategy IF the price will break above the resistance area i will consider a nice long order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly...
Potential short on pound canadian dollar....Please this is not a financial advice rather its an aid to guide you towards the markets possible direction over the next few hours...
GBPCAD short idea as you can see here we have 3 areas left open and we expect these to be fulfilled.... We still have a target above so watch for this to head higher if we tap into our lower zones first! as always if you like this idea let us know below hit that like and share button
Please this is not a financial advise rather its an aid to point you to the possible direction!
Hey traders, in today's trading session we are monitoring GBPCAD for a selling opportunity around 1.526 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
GBP/CAD in the last session compress the price inside a bullish channel but yesterday the price Broker the dynamic support of this pattern and seems today ready to drop down, in the direction of the main trend. The scenario looks like a local double top where the divergences on the stochastic can make our Idea stronger. The Alternative scenario will happen if the...
This pair should be continuing on the up side as mentioned previously if there's no changes on lower timeframe... **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if...
GBP FUNDAMENTAL OUTLOOK: WEAK BEARISH BASELINE A looming recession has been a key source of Pound weakness and has kept pressure on Sterling despite ongoing BoE hikes. But there is a new threat in focus. It seems the PM’s new fiscal plan, even though putting downside pressure on inflation and lowering growth risks, has drastically increased debt concerns....
GBP FUNDAMENTAL OUTLOOK: WEAK BEARISH BASELINE A looming recession has been a key source of Pound weakness and has kept pressure on Sterling despite ongoing BoE hikes. But there is a new threat in focus. It seems the PM’s new fiscal plan, even though putting downside pressure on inflation and lowering growth risks, has drastically increased debt concerns....
GBP FUNDAMENTAL OUTLOOK: WEAK BEARISH BASELINE A looming recession has been a key source of Pound weakness and has kept pressure on Sterling despite ongoing BoE hikes. But there is a new threat in focus. It seems the PM’s new fiscal plan, even though putting downside pressure on inflation and lowering growth risks, has drastically increased debt concerns....
there is break up as you see on the chart and also we can see the retest and the price action, so I think its good idea for the short. good luck for me and for you guys.
USD will be a safe place for some time in the future (until BRICS, OPEK, SCO, and others ditch the dollar) which will cause huge capital inflows into the US...
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Very simple... Very clear The general trend is downward and we are probably in the third downward wave, but it is possible that the price will move upwards in a corrective correction. This is my personal opinion. Please do not trade based on my analysis and data.
GBPCAD after. a long downtrend seems to find a short term bottom. The price tested twice the support and is now trading below a confluence between a descending trendline and a minor resistance. How can i approach this scenario? I will wait for a potential break of the resistance area and in that case i will be looking for a nice long order according to the...
GBP FUNDAMENTAL OUTLOOK: WEAK BEARISH BASELINE The negative outlook for the UK economy has been a key source of Pound weakness. Stagflation risks remain high with CPI > 10% and recession expected in 4Q22 (lasting 5 quarters). It has kept pressure on Sterling despite ongoing BoE rate hikes. However, the new PM announced a much bigger than expected fiscal...
GBP FUNDAMENTAL OUTLOOK: WEAK BEARISH BASELINE The negative outlook for the UK economy has been a key source of the Pound’s downside. Stagflation risks are high with CPI > 10% and recession expected in 4Q22 (lasting 5 quarters). It has kept pressure on Sterling despite ongoing BoE rate hikes. With the energy cap expected to rise again in October 2022 and...
GBPCAD after. a long downtrend seems to find a short term bottom. The price tested twice the support and is now trading below a confluence between a descending trendline and a minor resistance. How can i approach this scenario? I will wait for a potential break of the resistance area and in that case i will be looking for a nice long order according to the...