GBP/CAD is rising towards a resistance level which is a multi swing high resistance that aligns with the 78.6% Fibonacci projection and could reverse from this level to our take profit. Entry: 1.72265 Why we like it: There is a multi swing high resistance level which aligns with the 78.6% Fibonacci projection. Stop loss: 1.72877 Why we like it: There is a...
GBPCAD - Classic bearish setup - Our team expects bearish continuation SUGGESTED TRADE: Swing Trade Short GBPCAD Entry Point - 1.7165 Stop Loss - 1.7229 Take Profit - 1.7051 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
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GBPCAD cleared most liquidity to the left, and we have news at 5:30am. Perfectly showing liquidity that needs to be grabbed before continuing. GBPCAD has been bearish i think it may be time to be bullish; however, I think it will happen Tue/Wed. Monday liquidity will be created.
GBPCD possible short off the D1 SZ Targeting W DZ
GBPCAD is making higher highs and higher lows. no divergence is creating. it is making flag pattern
👁️ OUTLOOK 5hr chart: 30m chart: FOREX: GBPCAD 5hr:Looking at the 5hr we are looking pretty good breaking bullish and staying above the emas 10,50 and 200. 30m: Looking at the 30m we are breaking bullish and had a large impulse higher, and currently re-accumulating inside this range. Price is currently under the 10ema and surfing the 50ema at the moment. We...
GBP/CAD headed to supply! Retail about to get smashed on the h1
GBPCAD has reversed after reaching a resistance zone and forming a bearish head and shoulders pattern, potentially driving the price further downward towards the targets indicated on the chart. Please note that this is merely a trading idea and not a signal. It could either succeed or fail, so I encourage you to conduct your own research and analysis before...
GBPCAD is in bearish trend with no RSI divergence at bottom , testing 0.618 fib retracement sell on CMP with risk define previous highs
We can attempt to short GBPCAD from specified level as 0.618 FIB , LH occur , also there is no bullish divergence. SL , TP mention in chart.
GBPCAD is trading in a long-term bearish trend. After the last bearish wave, we see a correctional movement on a daily. The price reached a key horizontal resistance cluster. After the test of the underlined blue area, the pair started to consolidate on a 4H time frame and then it broke a support line of a rising wedge pattern. It may indicate that the market...
Possible Setup. Higher TF is bearish based on price action. Market reacting to fib area + 4HR reversal pattern. Let's see if the sellers are in for the downside
GBPCAD short did not get filled in but level getting respected
A glimpse of the GBPCAD in the first half of 2024 Stay with me to get more analysis after following me by sharing with friends and leaving a comment. According to my risk and capital management system, the risk of each trade is one percent per position. What do you think about this analysis and other analyses? What symbol would you like me to analyze for you?
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.
Below are the confluence factors spotted for a potential bearish swing movement. 1. VOLUME: Strong bearish breakout of the rising trendline on the 19th April 2024. 2. DOUBLE TOP: A retest of previously broken Double top neckline. 3. CANDLESTICK: The formation of bearish pin-bar on Thursday 25th, April 2024. 4. TRENDLINE: Sharp bearish rejection at the retest of...
GBPCAD is in a bullish trend according to DOW Theory making higher highs and higher lows. The trend is also respecting the trendline which furthur validate the uptrend. There is no divergence on RSI as of yet to conclude a trend reversal. Additionally, the next resistance level is around TP1 so we can see a move towards TP1 if it breaks the previous High. After...