GBP/CAD Technical Analysis
The counter is currently in an ascending formation.
It has hit the upper parallel which also coincides with a rejection zone.
Hence, we expect the pair to retreat to lower levels from here.
Gbpcadsignal
GBPCAD Bullish scenario - Kagi chartGBPCAD
Is trading above the 1.71500 level and the kagi is turned green the price will bounce from support level which is 1.71500I am expecting GBPCAD will reach 1.75000 in coming months
GBPCAD Idea/Signal updatePair consolidated for a few hours until the resistance was overcome and closed above (1 hour candle).
R/W - 1/8.
For the more conservative, they can expect a possible retest in that resistance zone that is now a support. That is, wait for the candles to go up and then go down before going back up. It is good to remember that events from the past are not always repeated in the future.
Entry around: 1.72970
TP: 1.76780
SL: 1.72475
GBPCAD Idea/SignalGBPCAD is showing some resistence.
It seems there are no more bulls for now.
If the pair close a 1h candle under the resistence area, we can get a great sell to the trendline. R/W 1/5
Entry around: 1.72670
SL: 1.73000
TP: 1.71000
GBP/CAD... SHORT!After a big fall price had to correct before continuing heading down.
Once this expanding ascending channel breaks, expect bears to come in. Selling Pressure!
GBP/CAD WEDGE BREAKOUTHello Traders, after the breakout of the wedge pattern I opened a long position. 1st tp 1.76 2nd 1.77 ( Monthly Resistance )
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GBPCAD Long Off of a Pull Back - Potential 300 Pip Move!4 Confirmations off this Trade
The 20 is Going up
The 200 is Below on Multiple Time Frames
And on the Currency Strength Indicator GBP is Stronger CAD Right Now.
GBPCAD TRADE IDEAGBPCAD - Downward channel here. Looking like we may see some form of rejection around the upper channel trend line. Lines up well with the resistance level and double top. As mentioned on the note, we will need to wait for rejection at our targeted zone.
