DAILY: -BW -na de ascending chanel volgt stevig impuls naar beneden, kunnen nu gaan kijken naar continuatie patronen WEEKLY: - zitten onder een sterke selling zone 4HOUR: - wachten op de H&S
Using technical analysis, the overall is bearish so we love a drop-down from previous zones
While we're in a downtrend, there are bullish signals from divergences from a higher timeframe - so maybe there will be a reversal soon. The MACD crossed the signal line - this could also indicate an upcoming trend reversal. I opened a small long position with TP at the weekly pivot. If we'll see additional signals that support my theory of a trend reversal - I'll...
H4 - Bullish trend pattern followed by a pullback in the form of double wave down. Bullish divergence. Until the two strong support zones hold my short term view remains bullish here.
🏃♂️ GBPCAD is moving near 🟡 Potential Reversal Zone(PRZ) 🟡and 200_SMA(Daily) . 🌊Regarding Elliott Wave theory , GBPCAD is completing the Expanding Flat(ABC/3-3-5) corrective structure. 💡Also, we can see Regular Divergence(RD+) between two Consecutive Valleys . 🔔I expect GBPCAD to rise to at least the 🔴 Resistance zone(1.715 CAD-1.700 CAD) 🔴 after...
Following the downtrend. Selling from orderblock where there is imbalance at 1.69948. First target at 1.69673 where there is some imbalance.
On the daily time frame pair is trading in an uptrend and on retest the key level of resistance a dozi candle was spotted which signify the weakness of sellers. There is a confluence of fibo retracement and rising trend line test. Analysing the 4 hour chart a Inverse head and shoulder was spotted .A break of the neckline signify bullish momentum.
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current GBPCAD chart which, if analyzed properly, clearly points in the upward direction. ❤️ Please, support our work with like & comment! ❤️
FX:GBPCAD Break and retest below daily resistance in confluence with the 38,2 Fibonacci retracement level on an overall bearish structure on the daily, 4h and weekly
I am currently in a short position on the GBPCAD currency pair. This decision is based on two key factors: the identification of a supply zone and the presence of a harmonic bat pattern. Upon careful analysis of the chart, I have observed that the price has reached a significant supply zone. This area is characterized by a cluster of sell orders, which can...
GBPCAD Is showing bullish signals at horizontal support with bullish divergence buy can be attempted with mentioned SL and TP manage your risk accordingly
I se what price can go down weit for more information to go short
price appears to be overbought and we now expect price to push to the upside.
According to the created harmonic algorithm and the divergence of A
✅GBP_CAD has retested The horizontal support of 1.698 From where we are already Seeing a bullish rebound And I think that we will see A further move up LONG🚀 ✅Like and subscribe to never miss a new idea!✅
OANDA:GBPCAD A short position can be taken on the specified levels On the first level, you can enter only by seeing the hammer candle There is no position before reaching the surface
Due to the change in the trend in the gbpcad currency pair and the failure of the previous floor, we expect a fall