Here we can see that we got a breakout from the up trend line wait for the retest make a short entry as shown in the picture follow for live updates...
- The market has been trading above a bullish trendline since October 2023 ; The long-term trend was therefor bullish. - At the end of March 2024, the market registered a bearish break-out of its long-term trendline, invalidating the bullish trend. This situation took place as prices failed to register a new market high above 1.7342, before registering a new...
It appears that GBPCAD has breached the uptrend line, signalling potential downward movement. We anticipate a decline with a rebound expected from the current position. Take Profit and Stop Loss levels have been identified. Remember to prioritize risk management at all times.
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.
Good day, GBPCAD has the potential to drop at the H3 and reverse around the 1.70778 area. However, there will need to be some attention in that area, as the price may drop to break (Y). The process may turn to reach above the highs and reach the supply zone following a bullish ABC pattern. 1.71117, 1.71000, 1.72500, and 1,73000 are the desired price...
GBPCAD broke and closed below a key daily structure support on Friday. The broken structure turned into a resistance. Today, we see its retest. The price formed a tiny horizontal range on that on an hourly time frame. Its support violation is a strong intraday confirmation. I already shorted the pair. Goal - 1.6966 ❤️Please, support my work with like, thank you!❤️
✅GBP_CAD broke the rising Support line and the breakout Is confirmed so we are bearish Biased and we will be expecting A further move down after The local bullish correction SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
GBPCAD- PRE-OPEN IDEAS Will be paying attention on 200EMA interaction. However, without too much confluence in this region I am likely to watch from the sidelines before making my next move.
Welcome to our latest analysis of the GBPCAD currency pair! In this video, we delve into the current market conditions, dissecting key trends and providing insights to help you navigate the dynamic forex landscape. Join us as we analyze recent price action, identifying critical support and resistance levels that are shaping the GBPCAD's trajectory. From...
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
GBPCAD is going short after braking 100 percent fibo level. this will take us to the major level50 fibo of the full uptrend wave, to long from the buy zone.
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.
Hello,Traders! GBP-CAD was trading along The rising support but now We are seeing a bearish Breakout and it is confirmed So I think that the pair Will keep falling down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
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.
Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GBPCAD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the...
The GBP/CAD currency pair has formed a double top pattern at 1.72400, indicating a potential rejection of further upward movement. We expect the price to decline, with our first target level at 1.7021. If the decline continues, the next target level (target 2) is 1.70191. We have set the stop loss just above 1.71734.
Overview: GBP/CAD has recently exhibited the formation of an Anti-Butterfly XABCD harmonic pattern, concomitant with the price approaching a crucial Resistance area. This confluence suggests a potential Bearish reversal from point D, indicating a favorable opportunity for traders to capitalize on the impending downward movement. Entry Strategy: A prudent entry...
My dear friends, My technical analysis for GBPCAD is below: The market is trading on 1.7119 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 1.7165 Recommended Stop Loss - 1.7094 About Used Indicators: A pivot point is a technical analysis indicator, or calculations,...