Good Day everyone, here is an idea for a Long opportunity! Price has reach EMA and we will expect the price will continue going up. Long now for a good 1 to 2 RR. April 0 JAN (6R) FEB (1R) March (-7)
TRADE Idea on GBPCAD. This is after a battle between bulls and bears.
Hello traders! ‼️ This is my perspective on GBPCAD. Technical analysis: Here we are in a bearish market structure from daily timeframe perspective, so I look for a short. I expect price to continue the retracement to fulfill the imbalance higher and then to reject from trendline + institutional big figure 1.71000. Like, comment and subscribe to be in touch with...
Please, check our technical outlook for GBPCAD. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 1.701. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all...
The GBPCAD pair gave us a solid short-term sell signal last time (January 29, see chart below): At the moment it is declining within a Channel Down pattern which emerged after the 6th rejection on the Resistance Zone. Having broken below both the 1D MA200 (orange trend-line) and 1D MA50 (blue trend-line), we are expecting a short-term rebound to price the new...
Hello,Friends! GBP/CAD pair is in the downtrend because previous week’s candle is red, while the price is evidently falling on the 6H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 1.707 because the pair oversold due to its proximity to the lower BB band and a bullish correction is likely....
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.
Price is rising towards the resistance level which is a pullback resistance that aligns with the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.70212 Why we like it: There is a pullback resistance level which aligns with the 38.2% Fibonacci retracement. Stop loss: 1.71034 Why we like it: There is a pullback resistance...
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
✅GBP_CAD went down just As I predicted but is now Going up and will soon Hit a horizontal resistance Level of 1.705 from where I will be expecting a Local bearish correction SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
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! ❤️
Prices moved up into the upper order pool and my algorithms have changed color to yellow which signifies downward momentum so I'm going short.
Manage SL during news time, intraday trade tp and sl mentioned not a financial advice
This is my view of GBPCAD. Going long here is corroborated with a chart pattern showing weakness of bears
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
H4 - Bearish trend pattern Lower lows Until the strong resistance zone holds I expect the price to move lower further after pullbacks.
Price is in a support and resistance zone with an inner uptrend that has been broken out and retested and also price broke out of the support zone so we wait for retest and go short