The GBPCAD is about to retest a broken horizontal support level, which is now likely acting as resistance following a breakout. To confirm a bearish trend, I have observed a horizontal range on the 4-hour chart and a bearish breach of its support level. I anticipate that the price will decrease to around 1.7043 or 1.7000 in the near future.
GBPCAD Is Getting Ready For The Next Move The price has been accumulating within a bullish "flag pattern" for the past two weeks. The bullish flag pattern is a bullish continuation pattern created during an uptrend. If the price manages to break out of this pattern, bullish volume should increase further and we could see GBPCAD rise to 1.7350 You may find...
The GBP/CAD pair on the M30 timeframe presents a potential buying opportunity due to a recent upward breakout from a well-defined bullish channel pattern. This breakout suggests a shift in momentum towards the upside and a higher likelihood of further price gains in the coming hours. Key Points: Buy Entry: Consider entering a long position (buying GBP/CAD)...
I see a strong bullish trend in GBPCAD, with a large inverted head and shoulders pattern formed on the 4-hour chart. After breaking and closing below the neckline, it has now turned into a strong resistance, confirming the continuation of the bullish trend. The next target is the immediate resistance level at 1.7330.
Pair Name : GBP/CAD 🗨Time Frame : 4hrs Chart / Close ➕Scale Type : Large Scale ------ 🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money ✔️ Key Technical / Direction ( Long ) Type : Mid Term Swing ——————————— Bullish Break 1.72500...
FX:GBPCAD After looking at the daily timeframe, we have identified the price pattern with this particular pair, we pointed out the upcoming big move based on similar move that this pair has made. Currently price has been rebounding from the strong buying zone where we expect a large volume to kick in the market. First our main aim will be to see how price react...
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.
SELL GBPCAD on H4 frame SL:1.72242 TP:1.69 Megium signal.
Hello traders, we want to check the GBPCAD chart. The price is in a descending channel and has pulled back to the specified resistance level. We expect this level to maintain the downward trend of the price and the price will fall to around 1.70500. Good luck.
GBPCAD may drop from a solid falling trend line on a daily. I see a strong intraday bearish confirmation after its test on an hourly time frame - bearish breakout of a neckline of an inverted cup and handle pattern. The price can retrace at least to 1.715 ❤️Please, support my work with like, thank you!❤️
We have observed completion of XA, AB and possibly BC limb as well. We have yet to wait for CD limb to complete. Price may go up at PRZ, which will be a potential buy opportunity.
Hello,Friends! GBP/CAD pair is in the downtrend because previous week’s candle is red, while the price is evidently rising on the 6H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.713 because the pair is overbought due to its proximity to the upper BB band and a bearish correction...
GBP/CAD is rising towards a resistance level which is a pullback resistance and could reverse from this level to our take profit. Entry: 1.72217 Why we like it: There is a pullback resistance level. Stop loss: 1.72899 Why we like it: There is a pullback resistance level which aligns with the 161.8% Fibonacci extension. Take profit: 1.71179 Why we like it: There...
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.
Lately on GBPCAD price has filled and closed above both the Daily fair value gap and the Daily inverse fair value gap and we are now waiting for the distribution to the upside to take out those failed highs + BUYSIDE liquidity
GBPCAD is Bearish on HTF. Well this is one of the pairs that gets my sugar level up, but still love to trade and analyze it. There's nothing much i can say but that i am currently tagged into shorts to this pair and i am looking forward to see how it plays out. Detailed analysis is highlighted on the charts: What are your thoughts?
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...