Hello Traders, Just like my EURCAD analysis (inserted below), GBPCAD has also aligned on the monthly, weekly, and daily timeframes. Just like EURCAD also, GBPCAD did not trade into the weekly order block before the daily chart printed a bullish price structure and as I stated in my EURCAD analysis, it is not necessary. GBPCAD printed a bullish CHOCH on the daily...
GBPCAD broke and closed below the psychological level 1.7000. Price pulled back to psychological level and 50% fibo retracement following bearish move. If the price action creates a pinbar or double top, we can look for selling opportunities. Price action is likely to go further down to complete the AB=CD pattern if the market moves...
After a change in the market structure, I still see this pair in a bearish condition. With the bearish target that is still the same as the past analysis.
GBPCAD, I am expecting down move from H2 order block which is looking very strong to continue the down trend.
😇7 Dimension Analysis - Bullish Setup on GBP/CAD Analysis Time Frame: Daily 1: Price Structure: The market is currently exhibiting a bullish price structure, characterized by an initial Behavior of BoS (Breakout of Support). The move is impulsive, and the inducement is completed with liquidity swept internally. This is the 1st pullback in the bullish move, and...
after the price formed a bullish channel and was broken by the bearish trend by forming CHoCH, currently the price is in the resistance area and there is a possibility for a correction to rise again to the upper SnD area before continuing its bearish trend.
Hello traders, we want to check the GBPCAD chart. After an upward move, the price has broken the ascending channel and also a range zone. The price is pulling back to the bottom of the range zone and we expect this zone to maintain the downward trend of the price. And it is a good entry point to enter the sale transaction. If the price falls, we expect the price...
Here is my analysis for GBPCAD on H1 using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
GBPCAD market is trading in an ascending channel. Price making higher highs and higher closes, and it's approaching a major resistance and psychological level 1.73000. We expect a pullback to the support level and a buy opportunity from it. Breakout the resistance, pullback to support, and continuation. ------------------- Share your opinion in the comments...
Here is my analysis for GBPCAD on H1 using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
GBPCAD breakout of the ascending channel and it moving to psychological level at 1.71000 The market is approaching the resistance level as well as the fibo extension level. If price rejects the resistance level by creating a false break, then it is likely to pullback from the confluence . ------------------- Share your opinion in the comments and support the...
the price has broken the bearish trendline, with a fairly thick bullish candle and currently looks sideways. there is a possibility that the price will retest back to the trendline area before continuing the bullish trend.
GBPCAD broke and closed below the psychological level at 1.68000. The market broke the ascending channel, showing a trend shift. Notice, price action approached the level by printing small candles, indicating that there's no strength to go higher. Price action is likely to pullback to the resistance level and go further down. ------------------- Share your...
GBPCAD broke and closed below the psychological level 1.6900. By forming a pinbars, the market rejected local resistance and the 50.2% fibo. Notice, price action approached the level by printing small candles, indicating that there's no strength to go higher. Price action is likely to pullback to the support level and go further...
GBP-CAD broke out of The falling channel and Then went down to retest horizontal resistance It but is now growing again So I think that we will see A bullish move up !
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
when the price enters the liquidty area ($$$) which is also the resistance area, there is a tendency for a pullback to occur. For those of you who want to trade in this pair, it is better to wait whether the price will pull back or the price will breakout resistance.
GBPCAD is decelerating at the support level. It created a double bottom. Price action formed a divergence at the level, indicating buy pressure. The market is testing the psychological level of 1.66000, and the fibo extension lines up with it. We anticipate a bullish move. ------------------- Share your opinion in the comments and support the idea with like....