Scenario GBPCADInteresting formation, maybe it's a double top, I'll wait for the breakthrough of the trend line and then try a short position
Gbcad
Short On GBCADPrice have reached an Higher timeframe Supply (Order block) and it has shifted the Lower timeframe Structure to bearish, So I'm a patiently waiting for a retest on the H4 OB as my entry. Sell limit Orders -1.72670
GBPCAD SELL POSITIONGBPCAD: we can clearly see double top on this pair. the trade set up is only valid if the kneckline is broken and retested. about 800 pips drop.
GBPCAD LongPrice has broken our 4hr downtrend line and is currently retesting the backside. This looks like good entry areas for long positions.
GBPCAD Bull ConfirmGBPCAD bull confirm on 0.618 fib retracement, and -0.618 for target price area.
before continue to targets, wait for retest to 0.5 and 0.382 for entry.
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Combine TA and Fundamentals for confirm bull
GBP/CAD : Strong Bulllish Engulfing Pattern We can see upside movemnt as per candlestick chart pattern,
Looking Very strong momentum for the upside.
ThankYou
GBP/CAD : Sell on Pullback of the Trendline after complete pullback confirmation can strong sell.
ThankYoU
GBPCAD ANALYSISGBPCAD broke neckline of inverted Head & Shoulders pattern at level 1.6919
Price broke corrective downtrendline
Above SMA 100
RSI rebounded from uptrenline
It's expected for the continuation of bullish momentum to target first key level at 1.7055
then finally target supply zone at level 1.7177 as a classic target from inverted Head & Shoulders pattern
GBP CADLong opportunities, however any negative aspects of Brexit in terms of negotiation deals, spook of coronavirus.
Due to these reasons, markets can go to the downside.
Keeping with supply & demand -
We look towards the upside as the trend is bullish.
Fresh supplies need re-testing, also demands need re-testing to grab liquidity.
GBPCAD expecting for an up moveI'm looking for a buy setup on GBPCAD because it's in a very strategic place (no trade setup yet)
And seems GBP is getting ready for a strong up move (against current fundamentals)
I have already bought a small lot on GBPJPY and GBPCAD
GBPCAD SELL - SWING TARGET 1.55500New swing lows being created daily wick retested the weekly res as a resistance with price also moving under the MA's no daily or weekly long signals currently. This pair will I feel will continue to find bearish support zones. Purple horizontal lines are back tested daily key levels ranging from 2011-2013. Clearly sterling is in its weakest position for years
GBP/CAD: Buy on Bottom Buy After Breakout !!BUY & SELL Above Given Chart or
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
TECHNICAL GBPCAD SHORT TERM SCALP 12/16/18 SUNDAY MARKET OPENTO .69 WE GO POTENTIALLY .. JUST OBSERVING PRICE ACTION AND HIGHER TF SUPPLY AND DEMAND ZONES / SUPPORT N RESISTANCE / TL ... TECHNICAL$$
GBPCAD wait for break of symmetrical triangle & enter at retestMajor confluence zone at 1.70. Wait for breakthrough out of triangle and enter the direction of break at retest.
GbpcadCaught the first portion of this move, have taken profit as I am now waiting on the break and continuation confluency. Gbpusd will see a impulse upside also, and looks like a lucrative setup. Cheers safe trading
