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...
Price is rising towards a resistance level which has been identified as a pullback resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 1.71052
Why we like it:
There is a pullback resistance level which aligns with the 61.8% Fibonacci retracement.
Stop loss: 1.71720
Why we like it:
There is a...
be patient to waiting the confirmation
in my idea / analysis base on basic technical,
i do prefer SHORT in (2 area)
in timeframe H4 , confirm downtrend
the area i mark is " IMB "
so,
lets see guys.
DISCLAIMER
this is not a signal / recommendation
BE SMART
save and love your money
DYOR !
welcome
here is my gbpcad long idea
its based on
higher TF bearish , lower TF bullish
price trading between 50% fib level of monthly- and 50% fib level weekly candle
seems like momentum is shifting to the bullside
lets see if we can ride a bullish sequence
✅GBP_CAD went down just
As I predicted but is now
Going up and will soon
Hit a horizontal resistance
Level of 1.705 from where
I will be expecting a
Local bearish correction
SHORT🔥
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Please, check our technical outlook for GBPCAD.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 1.701.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all...
📉 GBPCAD Analysis: Potential Resumption of Bearish Trend Ahead 📉
Hey Traders! 👋
📊 I've been closely tracking GBPCAD, and it's been quite the rollercoaster lately. Here's the scoop:
🐻 After a solid bearish wave, we saw a correctional movement that brought us to a critical juncture. Recently, the price hit a major horizontal resistance cluster. But here's the...
GBPCAD has broken daily structure, prompting at a change in market sentiment. Price has retraced into a premium prices on the HTF. From here ill be looking to short the pair. With news coming out expected to be bearish during PMI this looks like a comfortable place for me to enter short from.
GBPCAD is going short after braking 100 percent fibo level. this will take us to the major level50 fibo of the full uptrend wave, to long from the buy zone.
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GBPCAD
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...
STRUCTURE BEARISH ON HTF
WEEKLY AND DAILY AT SAME AOI
PREVIOUS WEEKLY STRUCTURE POINT
WEEKLY REJECTION AT AOI
DAILY REJECTION AT AOI
DAILY EMA RETEST
AROUND PSYCHOLOGICAL LEVEL
H4 EMA RETEST
PREVIOUS STRUCTURE POINT
H4 REJECTION CANDLES
REMEMBER: Trading is a Game Of Probability
: Manage Your Risk
: Be Patient
...
Dear Robbers,
This is our Day Trade master plan to Heist Bullish side of GBPCAD Bank. My dear Robbers U can enter at the any point above my entry area, The Heist was started at the Moving average Push. Our target is Red Zone that zone is high voltage electric trap area. Be safe Be careful and Be rich. Loot and escape near the target 🎯
support our robbery plan we...
Here is our detailed technical review for GBPCAD.
Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 1.708.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.699 level soon.
P.S
The term oversold refers to a...
