Gbpcadanalysis
GBPCAD: Waiting for REVERSAL CLUES!Hello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the GBPCAD, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities.
Top Down Technical Analysis:
At the end of October, the market double topped on an important swing, reversing impulsively for more than 600 pip.
At that time, we were looking for a bearish correction, trying to targeting the low swing at about 1.5100.
Eventually the market, before reaching that point, started correcting with a deeper structure and it has currently reached a minor swing high at 1.56800, which it could hold and reverse the market, completing the structure and potentially dropping to the downside.
When, where and why would we step into the market?
The second swing high of the LTF structure is not completed and confirmed yet, so more confluences are needed before thinking about a short position.
However, if the market will reverse during the next few trading sessions, breaking the little structure within structure marked on the chart, a bearish movement till the level 1.5300 and 1.5100 (target 2 after more correction), is definitely a possible scenario.
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Cybernetics Trading Lab
DISCLAIMER
Please note the views are not investment advice and should be used only for educational purpose.
GBPCAD SELL IDEAHello Traders!!
We have been looking at GBPCAD for some days after it gave us a clear bearish CHOCH on the higher timeframes and we changed our bias from long to short.
Now having that in mind we sought out for the best selling point for this pair using our classical supply zones to spot the area. Hence this was what informed us for a clear bearish approach to sell the market from this particular point.
Cheers!!!!
UNDER COVER TRADING
Swing Trading Simplified
DeGRAM | GBPCAD selling opportunityGBPCAD is trading in the ascending channel .
The market is approaching the resistance level and upper border of the channel .
If price rejects the resistance level by creating a false break, then it is likely to pullback and test the support level .
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DeGRAM | GBPCAD ranging marketGBPCAD moved out of the ascending channel .
The market is printing higher highs and lower lows, indicating consolidation.
Price action is likely to test the major support level and then pullback.
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GBP/CADWe can see a Pretty Good Move Of gbpcad and break of the structure level so we can see more continuation to the up side possible scenario is mentioned on the chart Moreover You Can Switch it to Small Timeframe and Take a Confirm Entry
GBPCAD Analysis GBPCAD Analysis
Reversal pattern in Tf Majors.
usually when we see a BOS and it is preceded by a CHOCH.
GBPCAD BUY !!???Price make a nice change of character and confirmation from the big green candle there so i may took a trade in this pair. Always remember to took a trade with your own money management !!!
GBPCAD: A potential MARKET REVERSALHello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the GBPCAD, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities.
Top Down Technical Analysis:
In our previous forecast, we were looking for a long entry considering the overall bullish price action after a strong sharp impulse lasted for more than 1000 pip.
The price then reached its previous swing high, reversing and continuing to the downside.
In HTF we can see a double top and a rising wedge, which together usually are a potential reversal pattern, because most of the time it reflexes a market condition of weakness.
In LTF as well, few LTF confluences are forming as a bearish impulse and a little head and shoulders on the top of the structure.
When, where and why would we step into the market?
The current market condition looks very interesting for a short position! Before entering the market we would be waiting for a correction after the breakout of the main structure (which is happened just a couple of trading sessions ago!)
The main reason to be waiting for this confirmation is related on the fact the after a strong impulse, usually the market needs a breath, correcting and retracing.
The market, as well, could just continuing dropping or potentially reverse without giving clues! In this scenario the trading idea will be invalidate and no action will be taken on this market!
If you enjoy this trade idea, please support our work with a thumb up and don’t forget to follow our social medias!
Sincerely,
Cybernetics Trading Lab
DISCLAIMER
Please note the views are not investment advice and should be used only for educational purpose.
GBPCAD top-down analysis, UPDATED!Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPCAD - Long from bullish orderblock ✅Hello traders!
‼️ This is my analysis on GBPCAD .
Here we are bullish from H4 timeframe perspective, so I am looking for longs. I expect price to continue the retracement and then to reject from bullish orderblock + institutional big figure 1.56000.
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GBPCAD Next Possible Move#GBPCAD ( British Pound / Canadian Dollar )
- According to ELLIOT WAVES in Long Time Frame #LTF it has completed the " 123 " wave
- In Short Time Frame #STF it has completed the Impulsive waves " 12345 "
- Bullish Channel Pattern and Breakout the Lower Trend Line #LTL
- Selling Divergence
DeGRAM | GBPCAD trend continuation GBPCAD moved out of the ascending channel and made a higher high and higher close.
Price broke through and closed above the resistance zone, which became a support.
We expect a retest of the resistance level .
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DeGRAM | GBPCAD sellGBPCAD pulled back after a bearish move.
The market pulled back to the resistance zone with a deceleration.
Price is approaching the swing zone that was respected multiple times before. Look left.
We expect a down move to the support level .
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GBPCAD Long From Support!GBP-CAD is trading in an uptrend
Along the rising support line
And the pair is now about
To retest the support cluster
Of the rising and horizontal support
From where a bullish rebound
And a move up are to be expected
GBPCAD - Short from resistance ✅Hello traders!
⁉️This is my analysis on NZDCHF .
Here price started to form lower lows and lower highs, this mean we are in a bearish market structure. I expect price to fill the imbalances above and to reject from resistance + institutional big figure 1.53000.
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GBP/CAD Multi-Timeframe & Order Flow Analysis Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
GBPCAD - Sell-off started ✅Hello traders!
⁉️This is my analysis on GBPCAD .
Here we are in a bearish market structure, so I am looking only for shorts. I expect bearish price action as price rejected from bearish orderblock + institutional mid figure 1.54500. I am looking price to fill that huge imbalance below.
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GBPCAD possible long for 1.513023rd & 26th September daily bars are oversized bar. usually this is kind of reversal but market need proper structure for trade in gbp pairs. 27th Daily inside bar confined range within the previous bar range. 28th daily insurance bar dictation for strength ahead in the market. Demand zone 1.4705, target: 1.5130
Break Down Analysis Weekly GBPCAD, 18/09/22the market shows a sideways change of character to head and shoulders with this confirmation there is a probability the market will continue downwards with the expectation of touching the price of $1.50
GBPCAD Bullish Bias!GBP-CAD broke out of the falling channel
Which makes me bullish biased on the pair
But we need to wait for a pullback and retest of the level AT 1.51101
Before entering a long trad
