A #short trade opportunity recently presented itself on the #poundloonie (#GBPCAD) #trading chart 📉. This is indicated by the #bearish inverted pin bar candlestick 🕯️ pattern just below the 1.72552 horizontal resistance level. This indicates a rejection of the same level, with potential price move in the downward 👇 ⬇️ direction (#sell). Sufficient downward...
Hello traders, we want to check the GBPCAD chart. The price is in a descending channel and has pulled back to the specified resistance level. We expect this level to maintain the downward trend of the price and the price will fall to around 1.70500. Good luck.
GBP-CAD went up to Retest a horizontal resistance Of 1.7219 from where we are Already seeing a bearish reaction And I think that the pair will Go further down !
Overview: GBP/CAD has recently exhibited the formation of an Anti-Butterfly XABCD harmonic pattern, concomitant with the price approaching a crucial Resistance area. This confluence suggests a potential Bearish reversal from point D, indicating a favorable opportunity for traders to capitalize on the impending downward movement. Entry Strategy: A prudent entry...
GBP-CAD went up to Retest a horizontal resistance Of 1.7219 from where we are Already seeing a bearish reaction And I think that the pair will Go further down !
Entry : Price broke through the trend line and the swing high of trend line. Will be looking to take longs from the bullish zone if the market taps it. Stop Loss : Will be below the swing low. Take Profit : TP1 will be at the bearish Zone, TP2 will be at the High.
Hello traders, we want to check the GBPCAD chart. The price has reached the specified key level after a downward movement. We expect this level to play the role of a support level and the price will grow to around 1.71100. Good luck.
GBP-CAD was trading along The rising support line but Now we are seeing a bearish Breakout so I will be expecting A bearish move down after The local rebound !
Welcome back! Let me know your thoughts in the comments! ** GBPCAD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
GBPCAD market is trading in an ascending channel; it's consolidating. Price printed the AB=CD pattern and pulled back. The trend is bullish on the D chart. We expect it to bounce off the support level and retest the top of the consolidation zone. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
Hello traders, we want to check the GBPCAD chart. The overall trend of the market is bullish and the price has reached a well-defined critical level that the price has reacted to several times in the past. Due to the fact that in the RSI indicator we see a divergence. We expect this level to stop the upward trend of the price and the price will fall to around...
GBPCAD market is trading in an ascending channel. It made the same pullback as before. Price is making higher highs and higher closes. It bounced off a psychological level of 1.72000. We expect a trend continuation trade since the major trend is bullish. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Hi fellow traders, GBPCAD looks ready for a drop lower from the blue box after completing the ABC correction. Target the 1.6828 level and move your stoploss to break even as soon as we reach the grey 'risk free zone'. Good luck and trade safe!
GBPCAD market is trading in an ascending channel, with higher highs and higher closes. The trend is bullish on the higher timeframes. Price printing the AB=CD pattern. We expect the completion of the AB=CD pattern, pullback to support, and continuation. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
GBPCAD is moving in the ascending channel; it is creating the harmonic pattern where the D point completes right at the psychological level. Price is approaching the previous high, where the market dropped. The market created a confluence level where we have a harmonic pattern, psychological level, fibo extension level, and dynamic resistance. We expect a...
Hello 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. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be...
GBPCAD has demonstrated a recent bullish trend, evident on the 4-hour time frame by the development of higher highs and higher lows. The current price swing indicates an imbalance beneath the price, potentially serving as a re-balance target. My approach involves anticipating a retracement into the 50-61.8% fibo zone, creating a favorable discounted entry point....
GBPCAD is trading in the ascending channel. It created divergence at the resistance level. The market rebounded from the psychological level at 1.71000 and closed below it. Price decelerated while approaching resistance, so most likely it will go down. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!