These are the trades I am looking to take in coming week. Please manage your risk.
Monthly timeframe shows that gbpcad is heading for the imbalance down at monthly lw then we will be heading for other imbalances at the yearly high
bottom bollinger, daily support, there should be a reversal very soon.
with a slight difference in the range specified in the previous analysis. It has started its fall and is moving towards the target.
LOOKING TO BUY, GBPCAD upon the retest of the weekly opening price
Gbpcad has been moving on a downtrend channel but has now broken out nicely from this channel. my eyes are around 1.70663 for buy opportunity up to 1.72558.
✅GBP_CAD has formed a Bullish wedge pattern so IF we see a bullish breakout Then the pair will go further up LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Here is our detailed technical review for GBPCAD. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 1.708. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 1.722 level. P.S Please, note that an...
Should this break upside, might fortunatly get this trade to the upside for wave 5
GBPCAD - Classic bullish formation - Our team expects growth SUGGESTED TRADE: Swing Trade Buy GBPCAD Entry Level - 1.7008 Sl - 1.6970 Tp - 1.7089 Our Risk - 1% Start protection of your profits from lower levels
Hello,Traders! GBP-CAD is trading in an Uptrend and the pair broke Out of the bullish wedge Pattern which reinforces our Bullish bias and makes me Expect a further move up After the local correction Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Instrument broke the ascending channel with retracement to fib level 50 - 60%. Place buy stop at your desired level and enjoy TP's. Do you think this plan will work out?
Expecting a push to the upside after price came back to retest the 1.17000 super and have signs of bullish momentum
We have a down trend. As you see, OBV could make a new top but price couldn't, so it's a bearish hidden divergence and the price probably will go down!
GBPCAD is in strong bullish trend. As the market is consistently printing new HHs and HLs. currently the market is retracing a bit after last HH, which is also the healthy retracement and local support as well. if the market successfully sustain this bullish confluence the next leg high could go for new HH What you guys think of this idea ?
Last night , FED didn't increase Interest rate and looking for lower interest rate and today , BoE didn't increase interest rate too ! Also US CPI is 3.1% , so FED needs to decrease it's interest rate , and US economy affect CANADA economy too and market react to this news
Market Structure is Bearish on Higher Time Frames Weekly Strong Bearish Harami Weekly Rejection at AOI Daily Engulfing candle Rejection at Daily AOI Weekly and Daily AOI in the same Previous Daily Structure Point Looking to scale in my position if the market gives an entry, We could see a potential strong Bearish move to 1.68500 Retest H4 trendline Retest H4...
GBP/CAD is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 1.70790 which is a pullback resistance that aligns close to the 38.2% Fibonacci retracement. Stop loss is at 1.71575 which is a level that aligns with the 61.8% Fibonacci retracement level and sits 30 pips above a pullback...