After seeing signs of a fake breakout we may see price wanting reverse now.
GBPCAD is trading within a major parallel channel. The last two daily candles are just crazy: the first went heavily rejected after the breakout attempt, then the price formed a cute dodji still closing above support. Today we see a positive bullish clues. Looks like the price is ready for growth. Goals: 1.73 1.74
Hello my friends, Another plan for GBP crosses pairs. We got GBPCAD to trade as well for today. But i am still waiting for price to touch around 1.7200 before entering sell. I use a sell limit order for this pair because it might hit my trade when i was not watching it. As you can see this pair is bearish in my opinion. GBP is very fragile right now because...
as GBPCAD approaches the previous structure and also it is near and below the golden fibo i look forward to short this pair now good luck !!
Finally a new update for GBPCAD. I recommend if the price will give us a nice Price Action Confirmation. Follow the overall uptrend by Skapper Mourace.
GBPCAD is testing the symmetrical triangle support from my previous analysis. Price action is printing an ascending triangle pattern. Buy entry ⬆️ - breakout above the ascending triangle resistance. Target - Symmetrical triangle resistance. Setup invalidation ❌ - breakdown below the ascending triangle support.
Hours Timeframes are all showing Bearish signals. 4H - Break and retest of the trendline. base on the location of the market i believe we could find a good setup on both 1H and 30m 1H - Market on downtrend forming a LH. we have a bearish engulfing at LH. better on waiting for another hour to see how the next candles will do to get more confirmation for a entry....
GBPCAD is consolidating in a symmetrical triangle pattern.
Whos in the SELL?!?! Our strategy SELL currently running +2% from this SELL What is our strategy? Our strategy is a trend following strategy - that is coded in pine script to use with the trading view platform - the entries are shown automatically! NOTHING is done manually, it can be used on any instrument and time frame. However, we have hard coded specific...
Looks like we may get a continuation from yesterdays momentum. The markets overall seem bearish this morning, I would like to see us test the Sept 20 9am low