GBPCAD
GBP/CAD SHORT from 1.7146GBP/USD and GBP/CAD have come under sustained selling presuure in the last hour.
WE havbe a confirmed SELL signal on Pivot Point Supertrend and the red SELL line has crossed the signal line of the Andean Oscillator and is rising shrply indicating high momentum SELLING.
On the H4 chart we've been overbought on this pair for some time and the RSI is now descing.
MACD on H4 is also confirming this SHORT bias.
Target for this trade is the 200 EMA on H4 which may be optimistic but there's no reason why the price can't make it down there over the next few trading days though any news will have to be factored in.
Price has broken 25 EMA and 50 EMA on H1 and is currently forcing its way through the 100 EMA which is not offering much support.
On the H4 time frame the price is trying to defeat the 25 EMA which may hold up the BEARS but the overall picture is BEARISH.
STOPS can be placed above the last high.
GBPCAD: Expecting Bullish Movement! Here is Why:
Balance of buyers and sellers on the GBPCAD pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the buyers, therefore is it only natural that we go long on the pair.
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GBPCAD - 4hrs ( Buy Trade Target Range 180 PIP ) 💵Pair Name GBP/CAD
Time Frame : 4 hrs
Scale Type : line chart + Candle Stick
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🔗 Key Technical / Direction ( Long ) Mid Term
Type : Mid Term Swing
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Bullish Break
1.70700 Area
reasons
- Major Turn level / D
- Monthly Retest Level
- Choch Zone
- Trend Retest
- D + W H Break
- Fibo Golden
Bearish Reversal
1.72500 Area
Reasons
- Major Turn level / W
- Pattern Target
- fixed Poc Area
- Fibo Golden
- Quarter's Area
GBPCAD - Look for a long ✅Hello traders!
‼️ This is my perspective on GBPCAD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for a long. I wait price to make a retracement to fill the imbalance lower and then to reject from support zone.
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GBPCADGBPCAD is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is 50% Fib retracement level and local support as well. if the market successfully sustain this bullish confluence the next leg high could go for new HH.
What you guys think of this idea?
GBPCAD - Long trade opportunity ✅ Hello traders!
‼️ This is my perspective on GBPCAD.
Technical analysis: Here we are in a bullish market structure from 1H timeframe perspective, so I am looking for a long. I wait price to continue the retracement to fill more from imbalance and then to reject from bullish order block + institutional big figure 1.70000.
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GBPCAD The Target Is DOWN! SELL!
My dear friends,
Please, find my technical outlook for GBPCAD below:
The price is coiling around a solid key level - 1.7070
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 1.7019
Safe Stop Loss - 1.7099
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
GBPCAD Will Fall! Sell!
Take a look at our analysis for GBPCAD.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 1.705.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 1.702 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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GBPCAD What Next? BUY!
My dear subscribers,
My technical analysis for GBPCAD is below:
The price is coiling around a solid key level - 1.6956
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 1.7041
My Stop Loss - 1.6916
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
GBP/CAD SENDS CLEAR BEARISH SIGNALS|SHORT
Hello,Friends!
GBP/CAD is making a bullish rebound on the 1D TF and is nearing the resistance line above while we are generally bearish biased on the pair due to our previous 1W candle analysis, thus making a trend-following short a good option for us with the target being the 1.692 level.
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GBPCAD Day Analysis | BUY SetupHello Traders, here is the full analysis.
I think we can soon UP from this range! GOOD LUCK! Great BUY opportunity GBPCAD
I still did my best and this is the most likely count for me at the moment.
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GBP/CAD Made A Reversal Pattern , Time To Buy And Get 200 Pips !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
GBPCAD - Long IdeaThe price action has recently tapped into the liquidity resting below the previous swing low, coupled with a break of structure on the 1-hour chart, signaling the beginning of a bullish trend.
My strategy now involves waiting for an OTE (Optimal Trade Entry) retracement, coinciding with +OB on the 30-minute chart at the same level, aligning with our bullish bias.
GBP/CAD SHORT FROM RESISTANCE
Hello,Friends!
We are going short on the GBP/CAD with the target of 1.697 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band.However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
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GBPCAD - 4hrs ( Sell Trade Target Range 180 PIP ) 💵Pair Name : GBP/CAD
Time Frame : 4 hrs
Scale Type : Large Scale
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🌐 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
🔗 Key Technical / Direction ( Short ) Mid Term
Type : Mid Term Swing
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☑️Bearish Break
1.70650 Area
Reasons
- Major Turn level
- Visible Range Poc
- Pattern Break Out
- Fibo Golden Zone
- Fixed Range Poc
- Ultra Volume
- PDL + PWL
- Choch Area
☑️Bullish Reversal
1.68750 Area
Reasons
- Major Turn level
- Visible Range Hvn
- Trend Area
- Fibo Golden
- Ultra Volume
- Fixed Range lvn
- Choch Area
- PML
Buy GBPCAD Channel BreakoutThe GBP/CAD pair on the M30 timeframe presents a potential buying opportunity due to a recent upward breakout from a bullish channel pattern. This pattern suggests ongoing buying pressure and a higher likelihood of further advances in the coming minutes or hours.
Key Points:
Bullish Channel: The price has been trading within an upward-sloping channel defined by two converging lines: a rising support line and a rising resistance line. This ongoing uptrend signals continued buying pressure.
Buy Entry: Consider entering a long position around the current price of 1.6995, which sits close to the channel breakout level. This could offer an entry point near a potential continuation of the upward move.
Target Levels: Initial bullish targets lie at the resistance levels of 1.7071 and 1.7106, marking previous resistance zones within the channel.
Stop-Loss: To manage risk, place a stop-loss order below the support line of the broken channel, around 1.6960. This helps limit potential losses if the price reverses and breaks back down.
GBPCAD Analysis(➡️RR=2.00)🏃♂️ GBPCAD is moving near 🟡 Potential Reversal Zone(PRZ) 🟡and 200_SMA(Daily) .
🌊Regarding Elliott Wave theory , GBPCAD is completing the Expanding Flat(ABC/3-3-5) corrective structure.
💡Also, we can see Regular Divergence(RD+) between two Consecutive Valleys .
🔔I expect GBPCAD to rise to at least the 🔴 Resistance zone(1.715 CAD-1.700 CAD) 🔴 after breaking the Resistance line .
British Pound/Canadian Dollar ( GBPCAD ) 4-hour time frame⏰.
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