H4 - Bullish trend pattern followed by a pullback in the form of double wave down.
Bullish divergence.
Until the two strong support zones hold my short term view remains bullish here.
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.
H1 - Bearish trend pattern.
Currently it looks like a pullback is happening.
No opposite signs.
Until the two strong resistance zones hold I expect the price to move lower further in the short term.
23rd & 26th September daily bars are oversized bar. usually this is kind of reversal but market need proper structure for trade in gbp pairs. 27th Daily inside bar confined range within the previous bar range. 28th daily insurance bar dictation for strength ahead in the market. Demand zone 1.4705, target: 1.5130
GBPCAD is retracing back to the resistance zone where there is confluence.
A fake breakout is going to be the perfect signal to sell.
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22nd july daily key reversal bar formed made a new low closed on the high. First Demand zone 1.5450-30, if price fails to hold the level then next demand level 1.5385-60. Stop loss 1.5330 target 1.5570.
GBPCAD has created a series of lower highs on 4H timeframe and putting pressure on local support. As CAD is getting strong and stronger, If GBPCAD managed to break this support, a sell opportunity may arise on the retest of this support as resistance. Please like the idea if you find value in it. And also do not forget to subscribe to ForexWizard Trading Channel
AS we can this has just reached @ strong support zone
so we are planning to buy this pair from support zone with a small risk and looking for higher rewards
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Since the beginning of May the BEARS have been in complete control of GBPCAD and we've seen the price move from 1.7708 to 1.7024.
I always spend Saturday morning looking at the weekly charts for all my trading pairs and I notice that GBP/CAD has put in a nice long-legged doji indecision candle which hints at a potential reversal. Its true that the Monthly chart...
