In the 4-hour timeframe, GBPCAD exhibits a bullish trend. To maximize entry precision, consider waiting for a retracement of around 50% to a key order block level before buying. This strategy can enhance the probability of capturing favorable price movements within the overall upward trajectory.
GBPCAD- PRE-OPEN IDEAS
Will be paying attention on 200EMA interaction. However, without too much confluence in this region I am likely to watch from the sidelines before making my next move.
The GBP/CAD currency pair has formed a double top pattern at 1.72400, indicating a potential rejection of further upward movement. We expect the price to decline, with our first target level at 1.7021. If the decline continues, the next target level (target 2) is 1.70191. We have set the stop loss just above 1.71734.
My dear friends,
My technical analysis for GBPCAD is below:
The market is trading on 1.7119 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.7165
Recommended Stop Loss - 1.7094
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations,...
GBP CAD PRICE - back to support zone to fill the liquidity area after that price will break the up trend line make a short entry as shown in the picture follow for more updates
The GBP/CAD pair on the M30 timeframe presents a potentially interesting situation with a bullish channel breakout pattern.
Potential Long Trade :
Entry: Above the broken resistance line of the channel, ideally around 1.7170 after confirmation.
Target Levels:
1.7244: This represents the height of the channel, measured from the apex (highest point) to the base...
Pair Name : GBP/CAD
🗨Time Frame : 4hrs Chart / Close
➕Scale Type : Large Scale
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We seek to spread understanding rather than make money
✔️ Key Technical / Direction ( Long )
Type : Mid Term Swing
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Bullish Break...
Good day,
GBPCAD has the potential to drop at the H3 and reverse around the 1.70778 area.
However, there will need to be some attention in that area, as the price may drop to break (Y).
The process may turn to reach above the highs and reach the supply zone following a bullish ABC pattern.
1.71117, 1.71000, 1.72500, and 1,73000 are the desired price...
GBPCAD created a bullish flag pattern on the 4-hour chart.
After testing a strong intraday support cluster, the resistance was eventually breached.
This could signal a potential bullish trend continuation. The targets to watch for are around 1.7220.
The GBP/CAD exchange rate appears to have a bullish outlook and is likely to retrace from 1.7132 to 1.72100. Set a stop loss below 1.70852. The 2-hour timeframe chart also indicates a significant level of retracement.
It appears that GBPCAD has breached the uptrend line, signalling potential downward movement. We anticipate a decline with a rebound expected from the current position. Take Profit and Stop Loss levels have been identified. Remember to prioritize risk management at all times.
Take a look at our analysis for GBPCAD.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 1.711.
Considering the today's price action, probabilities will be high to see a movement to 1.716.
P.S
We determine oversold/overbought condition with RSI...
GBPCAD was trading inside the descending parallel channel . The price is reacting well the support and resistance of channel.
Currently the price has given the breakout from declining trendline with confluence to strong bullish divergence and now seems like the bulls are getting ready for some strong upside movement.
If the bulls sustain to upside the optimum...
GBP/CAD is falling towards a support level which is an overlap support which aligns with the 61.8% Fibonacci projection and could bounce from this level to our take profit.
Entry: 1.70854
Why we like it:
There is an overlap support level which aligns with the 61.8% Fibonacci projection.
Stop loss: 1.70228
Why we like it:
There is a pullback support level
Take...
Good Day everyone, here is an idea for a Long opportunity! Price has reach EMA and we will expect the price will continue going up.
Long now for a good 1 to 2 RR.
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