With GBPCAD meeting the criteria BMS liquidity grab Now almost at our point of interest Let's wait patiently for it to react at our POI
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...
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...
✅GBP_CAD is going up And broke the key horizontal Level around 1.7220 and the Breakout is confirmed so We are bullish biased and We will be expecting a Further bullish continuation LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Ready to sell this pair. Good risk:reward Blessings
Price currently trade at 1.72652. Price may decline away from that zone as we had a worse than expected unemployment rate from the United Kingdom. We may likely see a massive decline from that price level. A sell opportunity is envisaged
It seems like GBP/CAD is gearing up for a bullish move, supported by a bullish flag pattern formation and completion of a 38% retracement. With the breakout from the bullish flag, there's potential for a continuation of the upward trend. Traders may consider entering long positions to capitalize on this anticipated bullish momentum.
price is breaking through resistant and created a inverted H/S I expect price to continue trending up
hi there, i just saw a good chart pattern here ! i think it already valid, because break trendline resis! what do you think about this guys? please share , haha disclaimer i just share about chart pattern this post is not a signal be smart and love your money thanks
GBPCAD formed an inverted cup & handle formation on a daily time frame after a test of a key horizontal daily resistance. To sell the market with a confirmation, I will look for a bearish breakout of its neckline. Daily candle close below 1.7087 will confirm a violation, a bearish continuation will be anticipated at least to 1.7015 support then. ❤️Please,...
The structure is straightforward: GBPCAD has broken below the trendline and is currently retesting it. We anticipate a rejection at this point, providing us with an opportunity to initiate a sell position.TP and SL are marked. Always follow risk management.
After the unemployment rate news came worse than expected with an outcome of 4.3 compared to previous release of 4.2 . price dropped and currently trade at 1.71323 From the technical standpoint , price may plummet to 1.7000 level as bearish momentum sets In.
The Canadian Dollar is loosing steam, for some reason is losing value across the board. Maybe bc oil apparently has peaked and now is turning over. I opened a long position last week on NZD/CAD but I think this pair looks better, EUR/CAD looks good too, even USD/CAD. It could take a few more weeks to break out. Keep adding at every pull back. CAD is the new Yen....
This is a high risk short opportunity with prices bouncing off an upper pool after a really long run up. I'll set up a waterfall trade with positions strategically place short all along the upward trajectory to the upper order pool. It's showing signs of rolling over and heading back down to earth. Good luck with your trading.
head and shoulders pattern with confirmation retest and candlestick
Confluences to go long: 1-30% Weekly Bullish, Daily Bullish, 4hr Bullish 2- 10% Support form the Daily 50 Ema 3- 10% Rejection candle on Daily 4- 10% Support from the 4hr Ema 5- 10% Head and shoulder on Daily 6- At Weekly and Daily and 4HR Support
4YR: 1-2 RTM Note that the Penis setup is Visible on also Monthly and weeklies hence anticipating breakout of daily this Week for that next Week we may see Extended Run Waiting for break above the neck Line of the Penis
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.