GBP-CAD went up to Retest a horizontal resistance Of 1.7219 from where we are Already seeing a bearish reaction And I think that the pair will Go further down !
Hello Traders, Hope you all are doing good!! I expect GBPCAD to go Up after completing this correction. Look for your BUY setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market...
Entry : Price broke through the trend line and the swing high of trend line. Will be looking to take longs from the bullish zone if the market taps it. Stop Loss : Will be below the swing low. Take Profit : TP1 will be at the bearish Zone, TP2 will be at the High.
Overview: GBP/CAD has recently exhibited the formation of an Anti-Butterfly XABCD harmonic pattern, concomitant with the price approaching a crucial Resistance area. This confluence suggests a potential Bearish reversal from point D, indicating a favorable opportunity for traders to capitalize on the impending downward movement. Entry Strategy: A prudent entry...
Hi fellow traders, GBPCAD looks ready for a drop lower from the blue box after completing the ABC correction. Target the 1.6828 level and move your stoploss to break even as soon as we reach the grey 'risk free zone'. Good luck and trade safe!
Expecting a longer term reversal soon from this pair, based on price action and also fundamentals. Looking for a sell on LTF around 1.72. If we break and retest the wedge lower boundary we'll be looking at 1.68 and a nice 400pip move.
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.
GBPCAD has demonstrated a recent bullish trend, evident on the 4-hour time frame by the development of higher highs and higher lows. The current price swing indicates an imbalance beneath the price, potentially serving as a re-balance target. My approach involves anticipating a retracement into the 50-61.8% fibo zone, creating a favorable discounted entry point....
Pair : GBPCAD ( British Pound / Canada Dollar ) Description : Completed " 12345 " Impulsive Waves and " ABC " Corrective Waves and making its Impulsive Waves. Bullish Channel as an Corrective Pattern in Short Time Frame wait for Rejection or Breakout. Strong Divergence in RSI
In our analysis of the H4 (4-hour) chart, we observed a significant market event at the price level of 1.7046. This particular level is considered an overlap resistance, indicating a convergence of various factors that have historically influenced market behavior. Traders and analysts pay close attention to such points, as they often represent areas where the...
Pair : GBPCAD ( British Pound / Canadian Dollar ) Description : Bullish Channel as an Corrective Pattern in Long Time Frame and Rejection from the Lower Trend Line. It has completed the " 1234 " Impulsive it can break the Previous Resistance Level to complete its " 5th " wave at Upper Trend Line Entry Precautions : Wait for the Proper Rejection
Everyone, GBPCAD dropped significantly in recent time, therefore, we think price will retrace a bit before drop further; there many liquidity gaps that are left behind and those gaps are likely to be filled. Wait for the market to make up towards our area and then enter accordingly based on market trend behaviour. thanks a lot for your continuous support!!
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 formed H&S pattern on H4. It might still in the movements on the way upward to test the 2nd previous resistance and the price indicates, too. Maybe can find buy set up for intraday or scalping while in the move to the resistance.
GBPCAD Channel: RED WK Pivot: RED AOB: EMA10 CON: SBB SELL Stop: 0.62878 Stop Loss: 0.63518 TP01: 0.62238 TP02: 0.60958 DWR present as a sell setup on 24 OCT, with Channel and Pivot are red bouncing off EMA10 However, trade is not taken/considered SPX500: SELL DXY: UNSURE OIL: BUY GOLD: BUY
GBPCAD Channel: RED WK Pivot: RED AOB: HL CON: SBB SELL Stop: 1.66067 Stop Loss: 1.66896 TP01: 1.65238 DWR present as a sell setup on 20 OCT, with Channel and Pivot are red bouncing off HL However, trade is not taken/considered SPX500: SELL DXY: SELL OIL: SELL GOLD: BUY
Hello Traders, here is the full analysis. Watch strong action at the current levels for BUY. GOOD LUCK! Great BUY opportunity EURAUD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the...