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...
All trades are based on pure price action. i do a top down analysis to gain weekly, daily bias. i then use 4 hour price action with 1 hour time frame for entry.. ACTION ,CORRECTION ,REACTION. these ideas are not trading advice. i am not a professional trader.
Hello, this is one of my last signals for the day, a GBPCAD Sell Signal! Hope you like this trade, stay safe.
OANDA:GBPCAD has been in bearish trend. Recently, It broke the last low with great selling momentum. It has been retracing back to fib 50-75% discounted levels where we can look for selling opportunities up to recent low.
hey there please check beacuse of news This is more of an experimental scenario, however there is always a probability this could happen. I just won't be too optimistic at this point since we are bearish at the moment and are still making New structure lows and Lower highs
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
CADGBP is printing a symmetrical triangle with no divergence suggesting a Bearish continuation.
GBPCAD chart is printing bullish trend with continuation flag and no divergence EP: 1.72317 SL: 1.71702 TP1: 1.72930 TP2: 1.73981
GBPCAD is in bullish trend with no divergence. Flag pattern is also visible which is continuation pattern so we can take trade according to bullish trend.
GBPCAD currently on the 12-months' time frame price has swept previous 12months candle high now heading for the low
The pair GBPCAD seems to continue its Bearish momentum considering the fact that price has bounced low from the neckline and bearish divergence is also seen on the charts. Where as the fundamental of the GBP and Seasonality also suggests a downward move from here. The trade setup is for the sell trade at CMP with risk reward ratio of 1:1. what are your views...
price broke a significant low which means there's a probability of the market making a lower high and from there we can look for shorts. disclaimer: this is not a trading advice, just my own perspective.
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...
it's Touching its 1h Trend line and in bullish momentum will continue to make higher high higher lows
GBP/CAD appears to be retracing from the 1.7030 level, and the trend seems to be entirely downward, suggesting further declines. Now is the perfect time to enter a sell position at 1.70688, targeting 1.69464, with a stop loss set above 1.71530.
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
GBPCAD chart is printing HH and HL, hence showing a bullish trend EP: 1.71313 SL: 1.70659 TP1: 1.71960 TP2: 1.72610