GBPCAD is in a downtrend in a 1-hour timeframe. It has now touched the trendline for the third time. If it respects it, it could possibly move down to the last lower low at around 1.69080 or beyond. Let's keep an eye on it and see how it goes.
Price action showing weakness in the area. Short opportunity in play. Let's see where it goes.
Hi there, GBPCAD is reaching to top line of descending long term channel (weekly time). So we could enter to a sell position on resistance level. We show you the entry point and TP and SL on chart, but you could remain on sell until less princes that we will update later. Please write your opinion below. Be successes
GBPCAD - Classic bullish setup - Our team expects bullish continuation SUGGESTED TRADE: Swing Trade Long GBPCAD Entry Point - 1.7012 Stop Loss - 1.6958 Take Profit - 1.7099 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
GBPCAD is making bullish flag pattern also at HL , 0.5 FIB Level . We can attempt to buy from specified level . SL , TP mention in chart
In this chart we have observed a Head & Shoulder pattern on 1 day time frame, Bearish Divergence also spotted which leads to a significant to position to go down from the neckline. so we placed Entry, tp & SL points accoridingly.
All trades are based on pure price action. i do a top down analysis to gain weekly, daily bias. i then use 4 hour price action with 1 hour time frame for entry.. ACTION ,CORRECTION ,REACTION. these ideas are not trading advice. i am not a professional trader.
Price rejecting strong supply monthly zone. Bearish momentum breaking 4hr timeframe demand zones . Do not enter sell until price retraces back to any demand zone that was broken to then now become a supply zone to sell at . Always enter near minor quarter points and let that help you determine trend
The pair had a sharp move lower breaking out of a cluster. We are way-below Keltner and we are extremely oversold suggest we may expect a pullback. Strategy BUY @ 1.6980-1.7010 and take profit @ 1.7137. SL depends to your personal viewpoint, however, I suggest a rough 1.25% of investment capital as a reasonable assumption.
22nd April to 26th April Week Analysis. It's all about probability. You can't predict price with 100% Accuracy, Atleast you can try it! Watch the charts, If you like then do follow on X and Tradingview.
Price currently trade at 1.71587 after price formed a double top pattern in H1 timeframe. It’s consolidating for further drop to 1.71034 a sell opportunity is envisaged from the current market price.
OANDA:GBPCAD It came back home to retest and reset... The impulse will be massive Wait and see...
Will there be a retest of that OB Zone? Then bounce from there! To the moon...
Ive been keeping an eye on GBPCAD for about a week now and have seen it try to push beyond 1.72300 but have failed many time. We are currently seeing buyers step in the game so if wee see a close above the key level at 1.72300 then its time to go long.
Hello Traders, Hope you all are doing good!! I expect GBPCAD to go Up after completing this correction. Look for your BUY setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market...
OANDA:GBPCAD What i see her doing... She is bullish on weekly and Daily NYSE:H is bearish, but will soon be flipped to bullish Then, we head to the moon...
welcome here is my gbpcad short idea its based on not very clear bullish or bearish price but price is trading under weekly pivot price is trading under all emas price is trading under 50% fib level of last weeks candle but trading above 50% fib level of monthly candle most important here is the price behavior (correlation) between gbpcad and gbpaud...
After price retested a daily golden zone, it gave us a shift in market structure on the 4h time frame signaling a potential beginning of a reversal. Price has now formed liquidity above the 4h golden zone that it could use to fuel it's move further to the upside.