LOB Trade: Long position on GBPCADLOB entry on GBPCAD 15 Mins for a Long position.
SL Below the Asian session.
Gbp-cad
LOB Trade: Short position on GBPCADLOB entry on GBPCAD 15 Mins for a Short position.
SL Above the Asian session.
GBPCAD higher bearish expectations
Hi viewers, GBPCAD price break first zone, currently here still bearish trend expected
TP1:1.66500 (80)
TP2:1.66100 (120)
GBPCADLooking to sweep around 300 pips to the downside based on technical chart patterns. Use proper risk management
GBPCAD a turn at the 0.786🦐GBPCAD on the 4h chart got rejected by the resistance area at the 1.68500 and retraced at the 0.786 fibonacci level.
The Price touched the 0.886 with a spike before inverting and retesting the weekly structure.
Overall the bias remains bullish and this make us think that a break of the resistance is still possible with an increasing pressure of the buyers.
How can i approach this scenario?
I will wait for a potential break of the interested area and if that occur i will look for a nice long order according to the MTB Plancton's strategy.
GBPCAD 2th April This setup is based off of our larger swing setup for a possible BUY move, but we have a short term bearish order flow so we are following that for now, if we see price tapping in and dropping we will expect it to reach the lower areas of demand that you can see located at our lower swing low... it is from this stage iam looing for a possible shift to a bullish order flow so il be watching these zones in the coming sessions!
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
Gbpaud potentially turning on h4**Find out more from my Tradingview Stream this week**
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The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
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GBPCADGBPCAD on multi timeframe analysis :
Monthly frame: we see the pair testing a strong resistance, closing below it is taken as bearish.
Shorter frame: on 6hrs, we see a rising wedge pattern broken and price currently is trading below it. While we can short here and now we prefer waiting March closure. Another reason of shorting this pair is the likelihood CAD pairs to gain some strength in the upcoming period due to the increase of Oil prices.
If you will short market, SL will be closing above 1.69010.
All the best family!
GBPCAD testing a resistance 🦐GBPCAD on the 4h chart is trading below a key resistance level at the 1.68500.
The structure has been tested few times also in the past and a retracement t to the 0.382 or lower Fibonacci level can be seen before the bulls regain strength.
How can i approach this scenario?
I will wait for a retest of the support area and IF the price will revere and satisfy the Plancton's strategy i will set a nice long order.
GBPCAD: Pullback From Key Level 🇬🇧🇨🇦
GBPCAD reached a major horizontal resistance.
The price has nicely reacted to that, forming a bearish engulfing candle on 4H time frame.
I expect a retracement from the underlined structure.
Goals: 1.68 / 1.677
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Levels discussed during the webinar 21st March21st March (might not be alot of trading opportunities)
DXY consolidating possible breakout down to 103
NZDUSD: too late, no trade
AUDUSD: buy above 0.67 SL 20 TP 20 (small trade)
USDJPY: break 131.50 SL 40 TP 80
GBPUSD: retrace down to 1.22
EURUSD: likely to up to 1.0760 but not great RR trade
USDCHF: sell below 0.9280 SL 20 TP 40
USDCAD: watch video for the setup with upside & downside potential
GBPJPY: buy from bounce of support 159.00 SL 50 TP 300
GOLD: retest of support, look for buying potential
Gbpcad Getting ready For 600 to 800 Pips Bullish Move looking bullish for midterm
forming descending broadening wedge in 3 days timeframe
incase of breakout expecting 600 to 800 pips bullish move
GBPCADGBPCAD
greate britsh pound / canadian dollar
Wait for confirmation to buy
4H time frame
Sewing trading
GBPCAD Bullish Outlook and 2 Possible Scenarios
In this multi-time frame analysis, I go over the bullish outlook and forecast on GBPCAD.
I outlined the 2 possible scenarios of the price to wait for in order to confirm the next bullish up move.
Remember to clearly understand what forecasting is for to give you a better entry rather than blindly enter without any price action confirmations.
Higher time frame:
GBPCAD can move lower? 🦐GBPCAD on the 4h chart is trading exactly at the fair value over the 50% support of the previous impulse.
We can notice how the market created a range with a spike over the 1.65000 area that seems to be a head and shoulders pattern.
The Head and shoulder pattern works in a better way at the top of a trend while here we are not but in case the price will break below the support area and the Plancton's strategy will be satisfied we can look for a nice short order according to the Academy Rules.
Intraday Trading setup on GBPCADOn the intraday level, I am bullish on GBPCAD, following the established trend.
The trade could get active today if the market deems it possible, or wait till Aisn opens on Sunday evening.
Either way, it is worth looking into.
GBPCAD on a lower low move? 🦐GBPCAD pair is currently in a downtrend, with a series of lower lows and lower highs on the 4-hour chart.
The market tested a previous higher low and rejected the bulls' attempt, and the price is currently trading above a daily support level after testing a supply zone.
The Perice attempted to break a 4-hour resistance level during the last bullish move but was ultimately rejected. This could suggest that the bears are still in control of the market and that the downtrend is likely to continue. However, it's important to keep an eye on the price action and watch for any potential signs of a reversal or a break above the resistance level to confirm a shift in market sentiment.
If the price breaks below the structure, it could indicate that bears are still in control, and there may be opportunities for a short order based on Plancton's strategy.
GBPCAD - Wait For The Bulls!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
on DAILY: Left Chart
GBPCAD is overall bearish trading inside the red channel, and it is currently approaching the lower red trendline.
Moreover, the zone 1.60 is a strong weekly support zone .
📚 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue resistance support zone and lower red trendlines . (acting as non-horizontal support)
on M30: Right Chart
🏹 Trigger => for the bulls to take over, we need a momentum candle close above the last high in gray.
Meanwhile, until the buy is activated, GBPCAD can still trade lower inside the support zone 1.60 from Daily.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
GbpCad - Manipulation Point TradingBias: Short
Market Cycle: Possibly the beginning of phase 1
I'm looking at 1.6170 for a potential break and retest..
You'll notice what looks like a 1h OB highlighted with a circle on the left, however when you move up to the 4h TF this OB disappears..
Therefore, if we get a break below 1.6170 followed by a SR & CC to the downside I will look for shorts..
Ideally the 1h OB reacts and buyers come into the market in order to give us our pullback before going short..
Let's see how it pans out..???
GBPCAD - Strong Support Ahead!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
GBPCAD is overall bearish trading inside the red channel, and it is currently approaching the lower red trendline.
Moreover, the zone 1.60 is a strong weekly support zone .
🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue resistance support zone and lower red trendlines . (acting as non-horizontal support)
As per my trading style:
As GBPCAD is sitting around the lower purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
GBP/CAD: Fake Breakout and Price Rebound with DIvergenceThe Bank of England is expected to increase the interest rate by 50 basis points. There are two important things to focus on here: firstly, the bank’s take on the interest rate and how long it thinks inflation will take to come close to its target. Secondly, where is the upper limit of the bank’s interest rate.
Joe Gun2Head Trade - Swing failure on the daily chart on GBPCADTrade Idea: Buying GBPCAD
Reasoning: Swing failure on the daily, possible short term bottom on the intraday
Entry Level: 1.6175
Take Profit Level: 1.6346
Stop Loss: 1.6110
Risk/Reward: 2.61:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
GBP/CAD has lost its bullish vigor after Wednesday's recovery.GBP/CAD has lost its bullish vigor after Wednesday's recovery toward 1.6600. Prior to the Bank of England's (BOE) policy announcements, investors refrain from placing bets on future Pound Sterling strength, and the near-term technical outlook indicates a lack of buyer demand.
The Bank of England is expected to increase the interest rate by 50 basis points. There are two important things to focus on here: firstly, the bank’s take on the interest rate and how long it thinks inflation will take to come close to its target. Secondly, where is the upper limit of the bank’s interest rate.
