Right shoulder developing for head and shoulder strategy breakout neckline will looking reversal trend and looking for bullish trend.
Initiating a trade on GBP/CAD with an entry price at 1.71930. Setting specific targets at 1.67897 and implementing a stop loss at 1.74626. Considering potential weakness in the Pound in the upcoming weeks. Keeping an eye on the charts. Let's see how this unfolds. Happy trading!
At 15m TF Applying Harmonics AB = CD SELLTOP at B with STOP LOSS at C TP1 at 1:1 Risk Reward with SL TP2 at D point Bullish Trading Details to follow as soon as the chart evolves beyond point D
The price is rising to our buy entry and could continue with the upward momentum and rise to the take profit level. Buy entry is at 1.68433 which is an overlap resistance level. Stop loss is at 1.67767 which is a level that sits under a swing-low support. Take profit is at 1.69295 which is swing-high resistance level. High Risk Investment Warning Trading...
@ 15m TF, GBPCAD is printing AB = CD harmonic reversal EP as sell stop SL = above C point D = TP Beyond this , at Potential Reversal Zone it will be evaluated whether the pattern shall reverse and the trade should be long or pattern shall go sideways
Possible GBPCAD trade scenario Enter with ltf confirmation Direct entry on 4hr zone then manage risk 1:2-3 RR Indicator based SMC approach Follow and like for more setups
Simple scalp trade to the upside. 5 and 15 min are confirming on both timeframes. Be sure to follow me for more free premium signals and setups.
I opened sell on GBPCAD. This currency is still bearish. Structure is clear
The price perfectly fulfills my last idea. FX:GBPCAD hit the target. The market is pulling back to the key resistance zone at 1.7000. The price has broken through the resistance levels and range zone. I look forward to a retest of the resistance zone and then a bearish move. There is a good chance that the price may fall from resistance because the market has...
FX:GBPCAD We have reached a significant level of structure with this pair. If price does not break above this level, we could see a continuation in the downtrend to break the lows. Depending on how strong the bullish momentum is, there is a chance that this area could print a bull flag as well.
We are currently going on a downtrend on the daily, price hit 1.67642 and shot back up so the price will continue back down because its on a down trend on the daily, and TP will be 1.67642. Now will be a great time to hope in on a sell.
Looking for a rejection and a further move down. I am still very bearish on GBPCAD on daily and higher time frames. As price short up pretty hard today we might see a big bearish day tomorrow. Let me know what you think!
Hello traders! ‼️ This is my perspective on GBPCAD. Technical analysis: Here we are in a bearish market structure from 4H. timeframe perspective, so I am looking for short. I expect price to go a little bit higher to fill the imbalance and then to react from premium zone for a short position. Like, comment and subscribe to be in touch with my content!
GBPCAD is making Bearish Trend, will this trend continue? Entry, Stop Loss & Take Profit are mentioned.
GBPCAD if you take the Move starting 28 September 2023 until the 29 of November 2023 this is what you get. The power of technical Analysis guys. Will see if the market will continue to respect this pattern. But if not, the market covered almost 50 % of the pattern. Lets continue to watch and see....Cheers Folks
The price of GBPCAD has bounced off the swing-low support and could rise to the take profit level. Buy entry is at 1.67704 which is swing-low support Stop loss is at 1.66358 which is a level that aligns with the -27.2% expansion level. Take profit is at 1.69643, which is the overlap resistance level. High Risk Investment Warning Trading Forex/CFDs on margin...