The pair failed to go past the high after the equal lows were being grabbed. I'm looking for a potential boost to the previous Higher High.
The price action has recently tapped into the liquidity resting below the previous swing low, coupled with a break of structure on the 1-hour chart, signaling the beginning of a bullish trend. My strategy now involves waiting for an OTE (Optimal Trade Entry) retracement, coinciding with +OB on the 30-minute chart at the same level, aligning with our bullish bias.
So, GBPCA buildet - building a reverse H & S and may the uptrend at least continue to the resistance.
This is my Setup on 1 Hour to Sell GBPCAD. The market has cleared the liquidity from the downside and likely to mitigated the Shadow of Wick, and we are going to sell from that POI.
Hey Traders, I trust you all had a profitable week navigating the EURAUD and various other trading opportunities that were discussed within our community. As we venture into the new trading week, I'd like to draw your attention to a potentially lucrative shorting opportunity in GBPCAD. Throughout the previous week, I diligently monitored the price action of...
GBPCAD Weekly- BOS to lows (1.66114)had a nice pullback into 1.72000 area Daily- Bearish structure(LH,LL) We got daily support @ 1.70641 *Waiting for a break and closure of daily support before shorting(Break and retest) #BYKCAPITAL #LETSEAT
As We Talked in The Previous Analysis: The GBPCAD Reached a Strong Resistance Level. The Price Formed an Expanding Triangle Pattern. Currently, The Higher Low is Broken. So, I Predict a Bearish Move📉. TARGET: 1.69320🎯
Market Structure Bearish on higher Time Frames Weekly and Daily in same AOI Weekly Engulfing Candle Weekly Rejection at AOI Around Psychological Level 1.70500 Daily Engulfing Candle AOI at Daily LH AOI at H4 LH Potential H4 Head and Shoulder REMEMBER: Trading is a Game Of Probability : Manage Your Risk : Be Patient ...
As We Talked in The Previous Analysis: The GBPCAD Price Formed an Expanding Triangle Pattern. The Higher Low is Broken. Currently: The Price Pull Back to Important Structure and Formed a Head and Shoulders Pattern. TARGET: 1.69320🎯
Hello,Friends! We are going short on the GBP/CAD with the target of 1.697 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band.However, we should use low risk here because the 1W TF is green and gives us a counter-signal. ✅LIKE AND COMMENT MY IDEAS✅
GBPCAD Short Postion Based on the 4hr time frame GBP is pushing the dollar down especially with the news that came out today
Bearish trend continues. Multiple LH,LL are showing. Entering onspot
I have entered a long position on GBPCAD after the price reached a key demand zone. After conducting a thorough analysis of the GBPCAD chart, I have identified a compelling opportunity to enter a long position. The price action recently touched a significant demand zone, characterized by a cluster of buy orders. This area represents a strong support level where...
We are Bearish in Weekly, Daily and 4HR. We creatin a new 4HR lower high. waiting for entry conformation.
💵Pair Name : GBP/CAD Time Frame : 4 hrs 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 ( Short ) Mid Term Type : Mid Term Swing —————————— ☑️Bearish Break 1.70650...
The GBP/CAD pair on the M30 timeframe presents a potential buying opportunity due to a recent upward breakout from a bullish channel pattern. This pattern suggests ongoing buying pressure and a higher likelihood of further advances in the coming minutes or hours. Key Points: Bullish Channel: The price has been trading within an upward-sloping channel defined by...
Please pay special attention to the very accurate trend, and colored levels, red level as SL. Be careful BEST MT
In the retail zone, which is currently above 1.69–1.733, GBPCAD is where individual traders, or retail traders, are actively buying and selling currencies. This zone indicates where most people are making their trades, often based on their own analysis, news, or speculation. Conversely, the wholesale area, ranging between 1.5477–1.40507, is where larger financial...