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Gbp-cad

GBPCAD Short - FlashcardGBPCAD Short Direction: - Momentum on the H4 was Bearish. - The pair entered a Bearish OB (Orderblock) on the H4. - The pair filled in the FVG (fair value gap) on the H4, before dropping. - The pair retested the last level of the Bullish Cycle. Entry: - M (Double Top) Pattern Formation. - 13 EMA cross indicates probable continuation in drop. - Divergence. - RSI near the 68. This shows that the pair is near exhausted and overbought. - Squeeze in volatility bands between the 50 & 68 indicate a sudden burst will occur downwards. - MBL (Market Base Line) pointing down above the 50 indicates drop. Exit: - 35 pip SL @ above high. - 70 pip TP 1 @ 800 EMA, as this can act as a resistance point.. - 120 pip TP 2 @ just above YL.
Short
by FotiosDimitriou
2
GBP/CAD: Buying @ market, targeting confluence zone! The pair has broken its current arc to the upside which acted perfectly as a resistance since yesterday. This is showing buyers are coming in the game. We have a confluence zone which is shown by the pink + white fibo levels (short-term and long-term price action). As you can see these levels match perfectly. This confluence zone will be my target, around 1.71050 levels. It should attract prices since it's the reunion of 2 (or more) fib levels. Trade at your own risk
Long
by SwissPips
GBP/CAD: Bearish sentiment - Looking for the short entry!Good Afternoon, The pound has been bearish this week, if you followed my trades last week I made a healthy profit on GBPUSD trade which I was looking to hold longer however I closed that yesterday and banked some profits and will look to re-enter long if I see a new opportunity. With this pair price seems to be moving south also - from the chart you can see the ascending trendline has been broken and if you look at the key S/R levels there could be some good points of entry for a short. I will personally wait for a retest of trendline and/or the support turned resistance above before making a move. Let me know what you think! Thanks!
Short
by Simple_FX_
GBPCAD: Harmonics, Candles & Patterns hey guys, GBPCAD is trading on a key daily structure resistance. The price formed a completed harmonic bearish bat pattern. Friday's daily candle was rejected. on 4H the price is contracting within a rising wedge pattern. after an attempt to break through the daily structure, the price has formed the inside bar candlestick formation. 1.714 - 1.7207 is the range of the mother's bar. this pattern signifies complete indecision. though it can be broken to both sides, we will trade it only in case of a bearish violation because of our daily bearish bias. we need 4H candle close below the mother's bar range to confirm the violation. then we can short on retest aiming at 1.707 1.703 in case of a bullish violation of mother's bar, I won't trade and setup will be canceled.
Short
by VasilyTrader
16
GBPCAD ANALYSISStrong bullish wave (a) ended at level 1.7025 after breaking downtrendline then corrective bearish wave (b) rejected from demand zone at level 1.6875 which corresponds to 61.8% Fibonacci level Price is based above HVN at level 1.6909 which indicates that pair is in accumulation phase MACD shows bullish momentum RSI is above level 50 It's expected for coming strong bullish wave (c) to target first resistance level at 1.7025 then finally target supply zone at level 1.7175
Long
by MMFXSignals
1
Are We In Process of Forming Inverse Head and Shoulders?This looks to be in the process of forming an inverse head and shoulders pattern. So will trade with the move over time. I actually want it to go bullish, but we need a strong confirm for that to happen. So let's what happens. I also have to update my map. That's why you don't see the zones just yet. BULL TPS: • 1.69934 • 1.71040 • 1.71708 BEAR TPS: These are based on where the arrows are. • 1.71234 • 1.70286 These are below the weekly level • 1.68816 • 1.67831 • 1.67196
by NikaJourney