GBP/CAD has reacted off the pivot which has been identified as a pullback resistance and could fall to the 1st support. Pivot: 1.73441 1st Support: 1.72280 1st Resistance: 1.74045 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be...
The GBPCAD pair is on the latest Bearish Leg of the underlying Channel Up (blue) pattern and is about to test the 1D MA50 (blue trend-line) for the first time since May 14. Once the 1D MA50 breaks, we expect a continuation of the Bearish Leg all the way to the bottom (Higher Lows trend-line) of the Channel Up. Since 2023, -2.66% to -3.08% pull-backs have been...
GBP/CAD is rising towards a resistance level which is a pullback resistance which aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.75140 Why we like it: There is a pullback resistance level which lines up with the 50% Fibonacci retracement. Stop loss: 1.75979 Why we like it: There is a pullback resistance...
The GBP/CAD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Double Bottom Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours. Possible Long Trade: Entry: Consider Entering A Long Position Above The Broken Trendline Of The Double Bottom...
GBP/CAD is rising towards a resistance level which is an overlap resistance which aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.75140 Why we like it: There is an overlap resistance level which lines up with the 50% Fibonacci retracement. Stop loss: 1.75979 Why we like it: There is a pullback resistance...
This is Part 1 of the Weekly Forex Forecast. Part 2 will follow! Look for it! In this video, we will cover: USD Index EUR GBP AUD CAD NZD CHF JPY Enjoy! May profits be upon you.
The GBP/CAD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.7518, positioned close to the breakout level....
The GBP/CAD pair on the M30 timeframe presents a potential selling opportunity due to a well-defined channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Poin ts: Sell Entry: Consider entering a short position around the current price of 1.7405, positioned close to the top of Channel. This offers an entry point near...
Price is falling towards a support level which is a pullback support that aligns with the 38.2% Fibonacci retracement and could bounce from this level to our take profit. Entry: 1.7329 Why we like it: There is a pullback support level which lines up with the 38.2% Fibonacci retracement. Stop loss: 1.7207 Why we like it: There is a pullback support level which...
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GBP/CAD is rising towards the pivot and could potentially reverse to the 1st support. Pivot: 1.7340 1st Support: 1.7234 1st Resistance: 1.7407 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please...
Hello, traders here is an analysis of GBPCAD next week As you can see the price has been bullish for the past few days and now it is in the resistance zone (green zone) that has been tested multiple times and you can see that the price created an inverted head and shoulders pattern that signals bullish move so now I am going to wait for the price to break the...
GBP/CAD is falling towards the pivot which has been identified as an overlap support and could bounce from this level to the 1st resistance. Pivot: 1.7156 1st Support: 1.7131 1st Resistance: 1.7196 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and...
GBP/CAD is rising towards a resistance level which is a pullback resistance and could reverse from this level to our take profit. Entry: 1.72217 Why we like it: There is a pullback resistance level. Stop loss: 1.72899 Why we like it: There is a pullback resistance level which aligns with the 161.8% Fibonacci extension. Take profit: 1.71179 Why we like it: There...
The GBP/CAD pair on the M30 timeframe presents a potential buying opportunity due to a recent upward breakout from a well-defined bullish channel pattern. This breakout suggests a shift in momentum towards the upside and a higher likelihood of further price gains in the coming hours. Key Points: Buy Entry: Consider entering a long position (buying GBP/CAD)...
Hey Traders, in today's trading session we are monitoring GBPCAD for a selling opportunity around 1.72100 zone, GBPCAD was trading in an uptrend and currently is in a correction phase in which it is approaching the retrace area at 1.72100 support and resistance area. Trade safe, Joe.
GBP/CAD is rising towards a resistance level which is a multi swing high resistance that aligns with the 78.6% Fibonacci projection and could reverse from this level to our take profit. Entry: 1.72265 Why we like it: There is a multi swing high resistance level which aligns with the 78.6% Fibonacci projection. Stop loss: 1.72877 Why we like it: There is a...
Price is rising towards a resistance level which has been identified as a pullback resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.71052 Why we like it: There is a pullback resistance level which aligns with the 61.8% Fibonacci retracement. Stop loss: 1.71720 Why we like it: There is a...