Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. 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.
For the past two weeks, we observed CAD weakness against several currencies including the Pound! As far as GBPCAD goes we are approaching a very important zone! A zone that stood steadily against bears since March this year! The bears' dominance is subjected to lower timeframe price action, especially on H4 and H1! Any reversal pattern or candlestick formation...
The uptrend remains in place, and I believe the slightly corrected rally will continue this week. A signal for a trend reversal will be a breakdown of the price below 1.72600
GBP/CAD BUY H4 The price will fall to this point 1.7580 Follow Now For More Content
GBPCAD seems ascending triangle. If you have any idea leave comment below and don't forget to like this idea
Gbpcad will broke the resistance soon.
For long term i have idea for this pair. it seem create W pattern and start grow from now. Let see how market do it. Like this idea, and leave comment below
I missed the optimal entry for the long. I'll target the retest of resistance turned support for a second chance entry.
We sell this pair now with downtrend confirmation and small range
GBPCAD SWING TRADE: Buy confirmation after retest SL 20 - 30 pips
GBPCAD Buy on support area Risk Reward Ratio 1:2 or 1:3
GBPCAD, Reaching Significant Resistance and the price action tells its falling down! watch out friends!
GBP/CAD price action seems to have drifted lower as the Pound Sterling surrenders recent gains due to fading Brexit deal optimism. This coincided with another reaction to technical resistance highlighted by the 1.7500-handle. We could soon see a resumption of buying pressure around 1.7330. create a long position order there. stop loss 1.73015. like if you agree!!
We Have an Analysis Of GBPCAD H4. This Analysis Based On Price Action Theory. According to Multiple Analysis, We Can See That the market have a strong 💪🏻 bearish pattern As well as price decline from the previous Resistance. for this we have to new Target( support) @1.71000 & @1.70000 For more confirmation you can see that super trend, Bollinger Bands they all...
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....