Hello Traders ! On Friday 09 Feb, The GBPCAD Reached a Support Level (1.69320 - 1.68928). The Price Formed a Triple Bottom Pattern. The Neckline is Broken. The Resistance Line is Broken So, I Expect a Bullish Move. TARGET: 1.72000🎯
Hello traders! ‼️ This is my perspective on GBPCAD. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for a long. I wait price to make a retracement to fill the imbalance lower and then to reject from support zone. Like, comment and subscribe to be in touch with my content!
The expected trend for this asset this week is: BULLISH So apart from searching for market orders, we are going to schedule the next order; that it will be removed on Wednesday afternoon if the price has not reached there. Remember that this is just one of the three operations we use for forex trading. Luck and blessings.
As it stands, the market looks to have completed wave C of the typical ABC correction, and we're looking to see the market printing out wave 3/C to the downside. Patience should take place to see a breakout of the underlying TL, hence employ the risk management strategies and see what the market has in store for us.
Waiting for the pullback. Let me know your ideas on this analysis.
GBPCAD after the equilibrium on daily time frame it give us 2nd bullish engulfing candle which is bigger then the previous one. which give us a signal that demand is there for the currency. now, it may sideways on a lower timeframe but it is going to test the supply zone which is at around $1.72. Thank you for reading.
This Is An Educational + Analytic Content That Will show entry ideas for trades. 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 educational Purpose to Traders To Make Independent Investments Decisions. Disclaimer The...
GBPCAD is making a bullish div and seems bullish from this point! but we'll wait for the red candle closing.
We can look for a short trade if the price creates a double top in the area I mentioned.
"I have taken a long position on GBPCAD as the price has touched a significant demand zone, indicating a potential price increase. This decision is based on technical analysis highlighting the importance of this key zone. I will closely monitor price movements and market conditions to capitalize on this trading opportunity. It is crucial to apply strong risk...
GBPCAD is in strong bullish trend. As the market is consistently printing new HHs and HLs. currently the market is retracing a bit after last HH, which is 50% Fib retracement level and local support as well. if the market successfully sustain this bullish confluence the next leg high could go for new HH. What you guys think of this idea?
Support becomes resistance, and resistance is now support.... Looking to Go long here... 3 Take profit targets.
Based on the H4 chart , GBPCAD is on a BEARISH trend The C point is beyond 0.886 (warning sign) hence need to wait for confirmation before engaging the trade. COMPLETION LEVEL: 1.7186
Its the first time gbp-cad broke this daily zone and hold-it , I would go long till the designated target and then wait for a zone retest and then go long again for a higher target ... lets see what price will do in the next 24 h , if it manage to maintain 1.7100 and not go below it would be great entry and remember you only want one good setup every week to be...
GBPCAD is moving in the ascending channel; it is creating the harmonic pattern where the D point completes right at the psychological level. Price is approaching the previous high, where the market dropped. The market created a confluence level where we have a harmonic pattern, psychological level, fibo extension level, and dynamic resistance. We expect a...
Gbpcad met all requirements for a successful bearish Gartley signal, we are looking forward to take our sell signal soon this week