Channel broken, continuation of downtrend. Expecting crude oil keep up with its bullish trend benefiting CAD Market has reacted bearishly to GBP following the BOE monetary policy and rate decision
GBPCAD lose all his steam. It try to rise during last week but now the daily market pressure and short term market pressure renewed his short power In my opinion It will reted the descending support and fall down to the previous level. The related analysis of EURGBP confirm that the market is moving for a weaker GBP This analysis is based on market...
OANDA:GBPCAD From the Ichimoku Cloud 4 hour Chart, GBPCAD is looking to like a downtrend. This trend should last for couple of days as a downtrend. You should look to have a take profit between the 1.73000-1.69000.
Quick Trend Continuation Trade to next support level
Technical Analysis: Bias Bearish - Pair has broken below 100-DMA - Holds support at 38.2% Fib at 1.7430, break below to see further weakness - Momentum studies bearish, Stochs deep in oversold zone - We see -ve DMI dominance and ADX is rising in support - RSI shows weakness, well below 30 levels - Bearish divergence on RSI and Stochs adds to bearish bias Support...
Hi GUYS KEEP WATCHING and happy trade Disclaimer: The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable for your own...
We have 3 instances of Demand being hit right now, the 200EMA coming into play on the Weekly and the Daily so we can look Long on price action confirmation. Potential Triple Bottom completion and retest before moving up in wave 5. Potential Trend-Line Break is a slight worry but with good price action it could be a very nice Swing.
Hi their we are short pound cad in a correction phase, possible tps are either coming up or if we break futher south another strategy can be put in play
Going long on this pair as price met its major support and rejected it with a bullish pin bar engulfing previous 3 candles We met the buyers on this occasion
Hi guys, hope you had a nice weekend. At the start of the trading week GBPCAD presents itself with a long opportunity. Price has found a bottom at the weekly Fibonacci level and has closed as a lowtest on friday. We have bearish MACD Divergence and a potential H&S Pattern, however with 5 confluence factors and prime deceleration I will take a position. The stop...
A final upward push in price into the PRZ of the completed bearish Gartley on the Weekly chart could signal the end of the corrective sequence. Confluence with the AB:CD pattern on the daily TF, and the 1.8500 quarter point help make the case for a reversal. If BoE decide to leave interest rates unchanged this May, it could trigger the reversal. I'm sitting on my...
Hi guys, if today's candle closes as a lowtest I will go long on GBPCAD. Overall another B Type Setup with 5 Confluence factors, as shown on the chart. Target, entry and stop will be as shown on the chart. Best wishes and happy trading,
Nice daily pin bar off the 50% fibo level and trend line.
GBPCAD SELL STOP Entry - 1.81300 SL - 1.84200 TP - 1.78500 TP - 1.74450 TP - 1.67600 Red Dotted lines are temporary S&R levels Orange lines are more well respected S&R levels
The movement of GBP/CAD has been guided by two ascending channels. The senior channel was formed mid-2017, while the junior one has confined the pair’s strong appreciation since early 2018. The Sterling reversed from the upper boundaries of both channels at 1.84 on March 19—its highest positioning against the Loonie after the Brexit vote. The rate has since...