SELL GBPCAD on H4 frame SL:1.72242 TP:1.69 Megium signal.
Could this be the trend continuation for GBPCAD? Based on higher TF direction and what price action is showing, we could see a possible trend continuation to the upside. Let's see how this will play out. Feel free to share your views
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.
All ideas are strictly my interpretation of price action. I am not a professional trader nor is this professional advice. I will continually update all trades.
The Pound Sterling's recovery has encountered a standstill amidst robust speculation regarding early rate cuts by the Bank of England (BoE). Concurrently, the GBP/CAD pair, after establishing a bottom within its channel around 1.68880, initiated a pronounced bullish surge, propelled by a convergence of technical and seasonal indicators. Technically, the price...
Aggressive Entry Return to Previous Level Pattern Unemployment Rate etc all better than Expected Hence Positive CAD push Down But now more often than not the Retrace Over Extended on the FT MLA Bands MT4 RSi's heading up on the 1 m need to get in early.
Lookin for this 3 min bisi to take price to buyside. Confluence with 61.8 of the dealing range. Turtle souped right into said fvg
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)...
📈🚀 GBPCAD Market Update: Preparing for Bullish Breakout! 🎯💼 Forex Traders, exciting news on GBPCAD: OANDA:GBPCAD 🔄 Inverse Head and Shoulders Formation: GBPCAD has developed an inverse head and shoulders pattern at the bottom of its downtrend, signaling a potential bullish reversal. 📈 Current Status: The pair is currently forming the right shoulder. A...
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.
The presence of an ascending trend line on the daily frame There is divergence on the Relative Strength Index (RSI). The presence of areas of strong demand The presence of a harmonic model supports purchasing
GBPCAD short did not get filled in but level getting respected
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.
Been watching it keeps pushing Down Looking for 25 pips BOE Int Rte in 3 hrs Last time came out the same as Expected CAD pushed Down Traders getting in ahead of he trade. March 22nd Go back see compare to other Currencies also
As price under movment on descending channel and hit resistence area expect to fall pls like for support thank you
All ideas are strictly my interpretation of price action. I am not a professional trader nor is this professional advice.
Market Structure Bullish On HTF Weekly and Daily around same AOi Weekly Rejection Candles Daily Rejection At AOi Daily EMA retest Around psychological Level 1.71500 H4 EMA Retest Candlestick rejection from AOi SOS 1:4.92% Entry Signal 85% B+ REMEMBER: Trading is a Game Of Probability : Manage Your Risk : Be Patient ...
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.