I am going to go short on this down to the 1W order block.
📉 **Forex Trading Analysis - GBPCAD Swing Trade Setup** 📉 Hey Traders! 👋 Let's dive into a potential swing trade opportunity on GBPCAD! 🌐💱 **Trade Setup:** 🔍 **Reasons for Short:** 1. **Day Resistance Rejection:** Price faced strong rejection at the day resistance level. 2. **Day Trend Line Break:** Significant break below the day trend line, signaling a...
I told everyone to get into this trade and i wont say where as I have been told off for it. If you know me you know how to find it :) Our scale in is moving nicely, will hold for a while
I think the rising wedge is a continuation of the double top bearish pattern. Looks like a retest of the broken support. I'm going to start shorting now, if I see a fake break out of the resistance I'll add. My SL triggers only if a daily candles closes above the resistance.
GBPCAD long idea from this support zone. Will be looking to enter long positions when I see price moving to the upside! Be carful, their is CAD news coming out 4pm today! Trade carefully and manage your risk!
GBPCAD looking for short if it breakdown the neck line of head and shoulder then sell
- *Market Sentiment: The overall sentiment is leaning towards a **Strong Sell*². This is reflected in the consensus of various technical indicators and moving averages. - *Technical Indicators*: - *RSI (14): The Relative Strength Index is at **43.924*, indicating a sell signal². - *STOCH (9,6): The Stochastic Oscillator is at **29.657*, also suggesting a...
We saw a huge sell off when EURCAD broke it's uptrend last week so I'm watching GBPCAD to see if we get a similar flush. Price has been holding the trend now for several days with price barely able to escape and push higher, leading to further tightening. Entry signal would be a non ambiguous break of the Daily trend with stop above high of day if possible....
Take a look at our analysis for GBPCAD. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 1.710. Taking into consideration the structure & trend analysis, I believe that the market will reach 1.724 level soon. P.S We determine oversold/overbought condition...
GBPCAD formed an ascending triangle formation after a test of a rising trend line. I expect a movement up to 1.715 ❤️Please, support my work with like, thank you!❤️
🏃♂️ GBPCAD has been moving in the Ascending Channel for more than two months and it seems that it can maintain this trend in the ascending channel in the coming weeks. 🏃♂️ GBPCAD is currently moving near the 🟢 Support zone(1.712 CAD-1.700 CAD) 🟢 and the lower line of the ascending channel. 🌊In terms of Elliott wave theory , GBPCAD seems to have...
After the rising wedge, I think it is time to short this pair. GBP is showing weakness after some gain last week. SL and TP are marked. Follow strict risk management. Don't be greedy. recommended risk level should be 1 to 2%. Reach out if you looking for more setups.
GBPCAD has been in a brutal uptrend for the last months. In this support zone I expect GBPCAD to bounce upwards and make a new high to continue the uptrend. Be patient and manage your risk!
✅GBP_CAD is trading in an Uptrend along the rising support And the pair has established a Double bottom pattern and Is already making a rebound From the support so I think That the pair will go further up LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Pair : GBPCAD ( British Pound / Canadian Dollar ) Description : Bullish Channel as an Corrective Pattern in Long Time Frame and Rejection from the Lower Trend Line. It has completed the " 1234 " Impulsive it can break the Previous Resistance Level to complete its " 5th " wave at Upper Trend Line Entry Precautions : Wait for the Proper Rejection
on the weekly time frame i can see that price has created it's all time higher high, and it's time for a pull back/reversal... i will be going short on GBP/CAD.
FX:GBPCAD Overall structure based on the weekly, daily, 4h is bullish. Price had made a pullback to 1.71042 daily support and managed to break above the 1.7150 1H key resistance and retested and support whilst simultaneously breaking the minor bearish structure on the 1h timeframe. a 15 min bullish engulfing candlestick was my confirmation to enter buys on GBPCAD
GBPCAD currently on a weekly supply, also a third touch of trendline