GBPCAD- PRE-OPEN IDEAS
Will be paying attention on 200EMA interaction. However, without too much confluence in this region I am likely to watch from the sidelines before making my next move.
Pair Name : GBP/CAD
🗨Time Frame : 4hrs Chart / Close
➕Scale Type : Large Scale
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✔️ Key Technical / Direction ( Long )
Type : Mid Term Swing
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Bullish Break...
GBP CAD PRICE - back to support zone to fill the liquidity area after that price will break the up trend line make a short entry as shown in the picture follow for more updates
GBP CAD - PRICE WILL BE DOWN FALL TILL 1.71130 MARKED PRICE LINE,price back to the support zone to fill the liquidity area make a short trade as shown in the picture follow for more live updates
GBPCAD created a bullish flag pattern on the 4-hour chart.
After testing a strong intraday support cluster, the resistance was eventually breached.
This could signal a potential bullish trend continuation. The targets to watch for are around 1.7220.
My dear friends,
My technical analysis for GBPCAD is below:
The market is trading on 1.7127 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.7151
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall...
GBPCAD was trading inside the descending parallel channel . The price is reacting well the support and resistance of channel.
Currently the price has given the breakout from declining trendline with confluence to strong bullish divergence and now seems like the bulls are getting ready for some strong upside movement.
If the bulls sustain to upside the optimum...
The market is approaching the main resistance at 1.72760. The price has broken through the downward channel. FX:GBPCAD is moving sideways below the resistance zone. I think the price is going to take liquidity above the potential range zone and then move down because, if you look at the daily timeframe, the market has been pushed down multiple times from this...
GBP/CAD is rising towards a resistance level, which is an overlapping resistance that aligns with the 61.8% Fibonacci retracement. A reversal from this level could cause the price to fall to our take profit target.
Entry: 1.71919
Why we like it:
There is an overlap resistance level which aligns with the 61.8% Fibonacci retracement.
Stop loss: 1.72375
Why we like...
Good Day everyone, here is an idea for a Long opportunity! Price has reach EMA and we will expect the price will continue going up.
Long now for a good 1 to 2 RR.
April 0
JAN (6R)
FEB (1R)
March (-7)
The price of GBPCAD will most likely collapse soon enough, due to the supply beginning to exceed demand which we can see by looking at the chart of the pair.
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GBP-CAD went up to
Retest a horizontal resistance
Of 1.7219 from where we are
Already seeing a bearish reaction
And I think that the pair will
Go further down !
d1: 2 engulfing has been created, now price into supply zone
h1: it's in down trend, price into ob , and it tried to goes up in opening but got failed,
so open a short with sl above prior day high
Market Structure Bearish On HTF
Strong Seller's Rejection on the Weekly Time Frame
Previous Weekly Structure Point
Weekly and Daily at the same AOI
Weekly Rejection At AOI
Weekly Engulfing Candle
Potential Head and Shoulder on the Daily
Daily Rejection Candles at AOI
Daily Rejection From The EMA
Around Psychological Level 1.71000
H4 Rejection at the EMA
H4...
