i will be expecting the market above to retrace below the equilibrium i.e the discount and then go long.
GBPCAD price is in a correction range. The price has an opportunity to test the resistance 1.70880 if the price cannot break through this resistance. It is expected that there is a chance that in the short term the price will go down. Consider selling in the red zone. >>GooD Luck 😊 ❤️ Like and subscribe to never miss a new idea!
Hello Traders ! On The Daily Time Frame, The GBPCAD Reached a Strong Resistance Level. The Price Formed an Expanding Triangle Pattern. Let's Expect The Bearish Scenario: If The Market Breaks The Higher Low (1.70595 - 1.70440) and Closes Below That, We Will See a Bearish Move... TARGET: 1.69320🎯
GBPCAD is bouncing off the pullback support and could potentially rise to the take profit level. Buy entry is at 1.69935 which is pullback support level. Stop loss is at 1.69038 which is an overlap support level. Take profit is 1.71634 which is a level that sits above a swing-high resistance that aligns with the 78.6% Fibonacci retracement level. High Risk...
🔸Hello traders, let's review the 8 hour chart for GBPCAD. Speculative XABCD in progress, with PRZ/C set at 6880, so expecting more losses in GBPCAD going into early Feb 2024. 🔸XABCD structure is defined by point X at 7240, point A at 6820, point B at 7170, point C at 6890, point D/PRZ at 7360, currently most points validated, point D/PRZ pending in early March...
Hello everyone ... set your buy limit orders if price break our entry area then this idea will be invalid.. Use good trade management only thing important in Trading is how you manage your trade... WHAT YOU THINK ABOUT THIS PAIR LET ME KNOW IN COMMENT.. .. good luck..
GBPCAD is in a constant downtrend and will continue in a downtrend as there is no divergance and no reversal patterns on the chart.
My dear subscribers, My technical analysis for GBPCAD is below: The price is coiling around a solid key level - 1.7006 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 1.7099 My Stop Loss - 1.6963 About Used Indicators: By the very...
FX:GBPCAD Retest below 1.7413 Daily resistance for a potential continuation to the downside.
GBPCAD :- Symmetrical triangle pattern breakout and retest And 1h hh formation Entry 1.71179 Sl=1.170602 Tp=1.72716
Hey Traders, Many are focused on US News that comes this afternoon. Mostly, that's because a change in inflation can cause a large chance in the decision making for the Central bank in that economic zone. The USD has persistently gained value over time, causing a sustained downtrend. With every pull up, comes a following pull down. The last being relatively...
Hello Guys, This is one trade that has a high probability of hitting those targets. If you want to know why, the monthly and weekly have printed a bearish structure, now the daily has aligned. This is similar to the GBPNZD trade idea I shared last year (see below). Click on it to see how it played out. Keep this on your radar. Cheers, Jabari
Possible Gbpcad Trade scenario enter with ltf confirmation if taken direct entry manage risk properly 1:2-3 RR Indicator based SMC approach Follow and like for more setups. Avoid taking trades during high impact news.
Do you want to make money online by trading forex? If yes, then you are in luck! 🍀 We have a special offer for you: a swing trade idea for GBPCAD that can give you up to 150 pips profit! 💰 GBPCAD has been in a downtrend since yesterday on the 4H and higher timeframes. We have spotted a perfect opportunity to sell it at a high price and buy it back at a low...
Break in broadening top channel tell us its time to short GBPCAD. Price action can approve it. A breakout, a tight channel and again a bearish breakout can send GBPCAD to hell. Trade safe. Good luck.
The GBPCAD pair delivered a solid buy trade last time we analyzed it (October 05 2023, see chart below), easily hitting the 1.71110 Target, on a structure rise: The price is now signaling a bearish call as it has been rejected on the Lower Highs trend-line that started on the July 17 2023 High. This is technically a Quadruple Top if it stays that way and...
Interest rate decisions play a crucial role in the functioning of the banking sector and the broader economy. Here are five economic benefits associated with interest rate decisions in banking: 1. Monetary Policy Tool: - Central banks, such as the Federal Reserve in the United States or the European Central Bank, use interest rates as a primary tool for...