The price is rising to our buy entry and could continue with the upward momentum and rise to the take profit level. Buy entry is at 1.68433 which is an overlap resistance level. Stop loss is at 1.67767 which is a level that sits under a swing-low support. Take profit is at 1.69295 which is swing-high resistance level. High Risk Investment Warning Trading...
I opened sell on GBPCAD. This currency is still bearish. Structure is clear
Looking for a rejection and a further move down. I am still very bearish on GBPCAD on daily and higher time frames. As price short up pretty hard today we might see a big bearish day tomorrow. Let me know what you think!
Hello traders! ‼️ This is my perspective on GBPCAD. Technical analysis: Here we are in a bearish market structure from 4H. timeframe perspective, so I am looking for short. I expect price to go a little bit higher to fill the imbalance and then to react from premium zone for a short position. Like, comment and subscribe to be in touch with my content!
GBPCAD if you take the Move starting 28 September 2023 until the 29 of November 2023 this is what you get. The power of technical Analysis guys. Will see if the market will continue to respect this pattern. But if not, the market covered almost 50 % of the pattern. Lets continue to watch and see....Cheers Folks
The price of GBPCAD has bounced off the swing-low support and could rise to the take profit level. Buy entry is at 1.67704 which is swing-low support Stop loss is at 1.66358 which is a level that aligns with the -27.2% expansion level. Take profit is at 1.69643, which is the overlap resistance level. High Risk Investment Warning Trading Forex/CFDs on margin...
✅GBP_CAD will be retesting a support level soon at 1.6850 From where I am expecting a bullish reaction With the price going up but we need To wait for a reversal pattern to form Before entering the trade, so that we Get a higher success probability of the trade LONG🚀 ✅Like and subscribe to never miss a new idea! ✅
Hello,Friends! The BB lower band is nearby so GBP-CAD is in the oversold territory. Thus, despite the downtrend on the 1W timeframe I think that we will see a bullish reaction from the support line below and a move up towards the target at around 1.702. ✅LIKE AND COMMENT MY IDEAS✅
Hello everyone i want share my idea about GBPCAD. At the pair on higher timeframe we first we had some pretty bullish movement which brake resistance at 1.685, for me that zone is interested price, for that i used my Fibonacci toll which helped me to identify this zone and if we look at the price movement we see some strong reaction first touch was aggressive...
We got a confirmed bearish trend change for GC (2 LL and 2 LH is what I look for to ensure I do not fall for the trap of a fake trend change!) Now looking for trend continuation to take a short trade. Waiting for at least a 50% retracement and price coming into the fair value gap (this is a must for my system!)- then we look for a bearish trend change on 15min...
Hello,Traders! GBP-CAD broke the key Horizontal level of 1.6968 Which is now a resistance So we are locally bearish Biased and we will be Expecting a local move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Hello traders, we want to check the GBPCAD chart. The price is moving in a descending channel and has reached the indicated key level. We expect this level to play the role of a support level and the price will grow to around 1.69700. Good luck.
Hello traders! ‼️ This is my perspective on GBPCAD. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for short from premium zone. I want price to make a retracement to fill that huge imbalance higher and then to reject from bearish order block. Like, comment and subscribe to be in touch with my content!
GBPCAD long setup coming soon. Big daily and 4h support zone! Let me know what you think!
My dear subscribers, This is my opinion on the GBPCAD next move: The instrument tests an important psychological level 1.6939 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.7046 My Stop Loss - 1.6899 About Used Indicators: On...
H4 - Bearish trend pattern. Lower lows. No opposite signs. H1 - Bearish trend pattern. Currently it looks like a pullback is happening. Until the strong resistance zone holds I expect the price to move lower further in the short term after pullbacks.
Please, check our technical outlook for GBPCAD. Time Frame: 3h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 1.695. Considering the today's price action, probabilities will be high to see a movement to 1.688. P.S Overbought describes a period of time where there has been...