GBPCAD has been rangey since 2019. Started trending down in April 2021, and it seems on the way to the bottom of the range. I'm not in love with the price action.
We sell this pair now with downtrend confirmation and small range
This is an educational + analytic content that will teach why and how to enter a trade Make sure you watch the price action closely in each analysis as this is a very important part of our method Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
Trend line 50% fibonacci Support zone Waiting for a good candle
Like the title says. Here is the Daily;
This has settled after the move last week. The spike has had some retracement and created a support. A long from here should be fairly safe, environment is bullish as can be seen using MACD and EMA's on 4HR and daily timeframes. Target is 1.77585 as there is a lot of previous structure and resistance around this level.
This has retraced to what should be the new support level. Watch for this to turn higher using the MACD and EMA's, can also use 1HR for another perspective. Target is 1.77585 as there is a lot of historical resistance around this level. SL just below the low at 1.73750
We are in a decent sized range on the hourly, a break of resistance along with the formation of support on lower timeframes can lead to price reaching the next resistance, it would be moving through a 35 pip clean range. However if we break support, we have a 30 pip range to fall through before tapping into the next support, however resistance needs to form first....
Hi ! quick trade setup, all details on the chart those with patience may take lower STOP at 1.7240 and target above 1.7430/1.7530/1.7610 +++ good luck !
another long with higher stakes good luck
GBPCAD - Inverted Head and Shoulder
1. GBPCAD bounced from the falling channel's resistance 2. A weekly close below the critical support & resistance of 1.7250 area 3. Hidden Bearish divergence in play to push it further down 4. Now it's holding the rising trendline support Trade Idea: Sell trade will be triggered on a break of the rising trendline and successful retest as a resistance. Target 1 is...
Enjoy a free signal before the week gets started Feedback, Likes, comments, and shares would be appreciated. GBPCAD Sell Limit: 1.7150 (Best entry takes the most patience) Stop loss: 1.7250 (100 pips risk) Take profit: 1.6680 (470 pips reward) Risk: 1% to 3% of account (recommended) Reward/Risk:...
Waiting for that strong break low; continuation pattern lower, or perfect retest and continuation down. Make sure to lock in profit if you get a 50 pips positive.
Unless news butter nuts this squash, should head down shortly, enough hanging around in that zone.