The structure is straightforward: GBPCAD has broken below the trendline and is currently retesting it. We anticipate a rejection at this point, providing us with an opportunity to initiate a sell position.TP and SL are marked. Always follow risk management.
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✅GBP_CAD is going up And broke the key horizontal Level around 1.7220 and the Breakout is confirmed so We are bullish biased and We will be expecting a Further bullish continuation LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Hello traders, we want to check the GBPCAD chart. The price has reached the specified resistance level after an upward movement. We expect this level to stop the upward trend of the price and the price will fall to around 1.72400. Good luck.
Price currently trade at 1.72652. Price may decline away from that zone as we had a worse than expected unemployment rate from the United Kingdom. We may likely see a massive decline from that price level. A sell opportunity is envisaged
price is breaking through resistant and created a inverted H/S I expect price to continue trending up
hi there, i just saw a good chart pattern here ! i think it already valid, because break trendline resis! what do you think about this guys? please share , haha disclaimer i just share about chart pattern this post is not a signal be smart and love your money thanks
As prices reach the 1.73543 level, potential short opportunity with confirmation of bearish reversal and continuation patterns will further strengthen the bears momentum.
Market Structure Bullish on HTF Weekly and Daily entry AOi in the same area Weekly Rejection at AOi Strong Weekly bullish close Daily Rejection from AOi Previous Daily Structure Point Around Psychological Level 1.72500 H4 Candlestick rejection Rejection from Previous structure SOS 4.73 Entry 105% REMEMBER: Trading is a Game Of Probability ...
The Canadian Dollar is loosing steam, for some reason is losing value across the board. Maybe bc oil apparently has peaked and now is turning over. I opened a long position last week on NZD/CAD but I think this pair looks better, EUR/CAD looks good too, even USD/CAD. It could take a few more weeks to break out. Keep adding at every pull back. CAD is the new Yen....
OANDA:GBPCAD This is to some extent a continuation of my last attempt to short the pair, which unfortunately failed. The pair has been consolidating for a while and has formed a triangle. Now, with a valid triangle pattern and bearish divergence, the pair has broken through the support. This presents a great opportunity to short the pair with moderate risk.
This is a high risk short opportunity with prices bouncing off an upper pool after a really long run up. I'll set up a waterfall trade with positions strategically place short all along the upward trajectory to the upper order pool. It's showing signs of rolling over and heading back down to earth. Good luck with your trading.
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GBPCAD is in bearish trend bearish divergence also conform the trend my trade exicute when it break higher low trade plane mention in chart
Confluences to go long: 1-30% Weekly Bullish, Daily Bullish, 4hr Bullish 2- 10% Support form the Daily 50 Ema 3- 10% Rejection candle on Daily 4- 10% Support from the 4hr Ema 5- 10% Head and shoulder on Daily 6- At Weekly and Daily and 4HR Support
head and shoulders pattern with confirmation retest and candlestick
4YR: 1-2 RTM Note that the Penis setup is Visible on also Monthly and weeklies hence anticipating breakout of daily this Week for that next Week we may see Extended Run Waiting for break above the neck Line of the Penis
GBP/CAD is falling towards the pivot which has been identified as an overlap support and could bounce from this level to the 1st resistance. Pivot: 1.7156 1st Support: 1.7131 1st Resistance: 1.7196 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and...