Gbpcadshort
GBPCAD | Bulls Back?GBPCAD has been in bearish pressure since the 21st of Feb 2022, the price is falling steep without making any major bounce expect on 1.67300 level where price bounce to atleast 150 pips.
The recent candle of the pair suggesting bulls are back with hammer candle close. If follow up candles are also strong then we may see bullish reversal in here.
Trade your levels accordingly.
GBPCAD Will Go Up !!GBP-CAD is trading in a falling channel
And the pair will soon be retesting a
Falling support level of the channel and the completion of the bullish harmonic pattern at 1.6480 levels
I think that a rebound followed
By the bullish correction is possible
So we will be waiting for the reversal signs
To be able to enter a long trade
GBP/CAD Get 450 pips with strong fall on weekly frame The week candle closed under important resistance without any rejection. Now we are waiting for a retest of this resistance and then we start selling - on 1 hour frame we have a bearish trendline faces 0.5 fibo with touch the imortant resistance - good lucK
GBPCAD DAILY ANALYSIS, a nice downtrand is formingFirst, let us cover some historical points in GBP/CAD's near history. It seems we finally broke out from the consolidation zone. A nice downtrend is forming as the price action created a lower high on the 21st of February. Since then, the price started its journey to the bottom. It broke 38.2, 50, and 61.8% of Fibonacci retracement. We can even see a strong chart pattern, a double top with neckline broken. That shows down movement for us. We expect 1.66000 to be a strong pivot point. If confirmed, that would make it an excellent place to enter a long position. We recommend using the ATR indicator to find stop loss. As price moves in your direction, move your stop loss. That could be a great wave to catch.
Use this information at your own risk. This analysis is to point out the high probability key points. For day traders, it is crucial to know the bigger picture. Have fun trading!
GBPCAD | Possible ReversalGBPCAD has fallen straight 450 pips without stopping on any support. Currently price is reaching to important support zone. We are expecting reversal from here atleast 100 pips. The indictor has reached to oversold condition and showing divergence on intraday levels.
Alternatively, breaking below the support zone will call more bears in the party.
Trade your levels accordingly.
GBPCAD Signal Analysis 1HTrendline broke with very high power and now is pulled back to it, with considering the power of the wave that broke the trendline and the news of current situation with russia and by looking at the 20 wma it is safe to say the current trend will continue and it is profitable to go short here.
I hope you can use this anaysis to help your own analysis and make a good profit on this trade.
GBPCAD | Back in the RangeGBPCAD after giving a fakeout on 18th feb from the defined range has back in the range which it falied to break from 28th Sept. The next possible move will be bottom of the range around 1.69800 and then it might be best to buy on dip with managed risk.
Alternatively, breaking above the range will favors bulls and price will pump to atleast 150 pips afterwards.
Trade your levels accordingly.
GBP / CAD 1073558 + 0.18 % LONG IDEA * PRICE ACTION & STRUCTUREHEY EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE.
NEW WEEK, NEW OPPORTUNITIES.
LOOKING AT THE GBP / CAD
* The PAIR has been trading in a RISING WEDGE just broke above a resistance level, retested this level somewhat now signaling continuation.
- Short term the pair is currently rejecting at this structure possibly signaling continuation in momentum on the 4h chart this in a rising wedge..
- Looking for long entries on the THE POUND / CAD this week should all the rules of the formation be met.
lets see how it goes
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
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* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
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| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
GBPCAD | Bullish Trend Continue?GBPCAD has been in good bullish trend as supported by rising trendline. Recently the price action has given a breakout as well. Those who are holding can continue riding the trend. Those who wants to take position should wait for the dip and sell it upside.
Trade your levels accordingly.
GBPCAD Starts Breaking the Barriers..Lets See next WeekGBPCAD after many failure attempts , now starts to break the previous barrier ,,Next Week the major game play can happen...If it crossed the resistance wait for retest and then make an order, If everything goes Well we can catch 250 + Pips easily.....
Divergence appears and selling opportunity in GBPCADH4 time frame.
Structure: Uptrend.
A divergence signal appeared at the 1.73000 resistance area.
Waiting for downtrend confirmation could find selling opportunities.
The profit target is the 1.71400 and 1.69600 price zone.
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Wish you all have a good trading day!