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 also the 50% fib retracement level and local support as well. if the market successfully sustain this bullish confluence the next leg high could be 1.6850
GBPCAD
GBPCAD I Downtrend continues with bearish implosionWelcome back! Let me know your thoughts in the comments!
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Daily Wave Rider - GBPCAD - SELLGBPCAD
Channel: RED
WK Pivot: RED
AOB: EMA10
CON: SBB
SELL Stop: 0.62878
Stop Loss: 0.63518
TP01: 0.62238
TP02: 0.60958
DWR present as a sell setup on 24 OCT, with Channel and Pivot are red bouncing off EMA10
However, trade is not taken/considered
SPX500: SELL
DXY: UNSURE
OIL: BUY
GOLD: BUY
GBPCAD: Neutral but pay attention to the breakout.GBPCAD is on a neutral 1D technical outlook (RSI = 54.553, MACD = -0.005, ADX = 25.095) as the price has been ranged between the 1D MA200 and the S1 level (1.65600) for the majority of October. If it closes a candle over the 1D MA200, we will buy and target the R1 level (TP = 1.73300), since the 1D MACD is already on a massive Bullish Cross. Until that candle close though, due to the neutral technicals, we are selling to the S1 level (TP = 1.65600). Low risk on both ends.
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GBPCAD Short Supply And Demand SignalSee picture for full analysis
1) but right now we have price reacting off of the monthly area of supply zone.
2) Weekly has shown confirmation and long-term position traders have potential short setup.
3) Or traders can consider using the weekly as the HTF supply and wait for new 2-4hr confirmation once price enters the HTF weekly supply.
GBPCAD Opposite currency pairs. That helps exchange rates increaThe Real-time Local Business Conditions Index is launched as an experimental statistic to degree enterprise pastime in actual time at some point of the COVID-19 pandemic and beyond. The index tracks enterprise situations in Abbotsford, Barrie, Calgary, Edmonton, Guelph, Halifax, Hamilton, Kanata, Kelowna, Kingston, Kitchener, London, Milton, Moncton, Montréal, Oshawa, Ottawa–Gatineau, Québec, Regina, Saskatoon, Sherbrooke, St. Catharines–Niagara Falls, St. John`s, Toronto, Trois-Rivières, Vancouver, Victoria, White Rock, Windsor, and Winnipeg.
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Daily Wave Rider - GBPCAD - SELLGBPCAD
Channel: RED
WK Pivot: RED
AOB: HL
CON: SBB
SELL Stop: 1.66067
Stop Loss: 1.66896
TP01: 1.65238
DWR present as a sell setup on 20 OCT, with Channel and Pivot are red bouncing off HL
However, trade is not taken/considered
SPX500: SELL
DXY: SELL
OIL: SELL
GOLD: BUY
GBPCAD H4 | Bullish bounce off 50% fibo retracement?Price is falling to our buy entry at 1.6563, which is an overlap support level, aligning with the 50% fibo retracement and 61.8% fibo projection. Our stop loss is at 1.6474, which is below the 100% fibo projection. Take profit is at 1.6674, which is a swing high resistance level.
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GBPCAD - Short active ✅Hello traders!
‼️ This is my perspective on GBPCAD.
Technical analysis: Here we are in a bearish market structure from higher timeframe perspective, so I am looking for short. I expect bearish price action from here as we can see that price filled the imbalance and rejected from bearish order block.
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GBPCAD Going Up | Buy opportunityHello Traders, here is the full analysis.
Watch strong action at the current levels for BUY. GOOD LUCK! Great BUY opportunity EURAUD
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Saturation of GBPCADOutput growth in the first half of the year was more stable than expected. GDP increased 0.4% in the June quarter, although GDP and household consumption both continued to decline on a per capita basis. Domestic demand was stronger than expected as strong growth in business investment and public investment offset weak growth in household consumption during the quarter. There have also been modest upward revisions to GDP over the previous several quarters, leaving year-end GDP growth about half a percentage point higher than forecast in August. Timely indicators point to continued output. continued modest growth in the September quarter.
Gcad downwards move,more likelyMore downwards move on Gcad. I have mentioned about Eurcad last week. This time right, I am seeing more weakness on Gcad.Let's see what happen next week
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GBPCAD - Bearish Double TOP 📉
Hello Traders !
On Friday 22 Sep, The GBPCAD Broke a Strong Support Level (1.65373-1.67148)
This Key Level Becomes a New Resistance Level.
The Price Created a New Correction in The Previous Week!
Currently, The Price Formed a Double TOP Pattern.
The Neckline is Broken.
So, I Expect a Bearish Move !
i'm waiting for retest...
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TARGET: 1.63830🎯
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GBP/CAD Gave Yesterday +130 Pips 0 Drawdown , Entry For N WeekThis Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
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