GBPCAD Analysis 31July2023After a change in the market structure, I still see this pair in a bearish condition. With the bearish target that is still the same as the past analysis.
Gbpcadsignal
GBPCAD, Expecting DownGBPCAD, I am expecting down move from H2 order block which is looking very strong to continue the down trend.
7 Dimension Analysis For GBPCAD 😇7 Dimension Analysis - Bullish Setup on GBP/CAD
Analysis Time Frame: Daily
1: Price Structure:
The market is currently exhibiting a bullish price structure, characterized by an initial Behavior of BoS (Breakout of Support). The move is impulsive, and the inducement is completed with liquidity swept internally. This is the 1st pullback in the bullish move, and the extreme order block (OB) remains unmitigated. Strong bullish momentum is evident around the demand area.
2: Patterns:
🟢TREND LINES:
A horizontal support line is observed, acting as a key level of support.
🟢CHART PATTERNS:
A double top pattern with an impulsive breakout and heavy volume is in place.
A rectangle pattern has also broken out, with the previous resistance now becoming support.
A V-shaped swing indicates a rapid recovery.
🟢CANDLE PATTERNS:
A key reversal pattern has formed, signaling a potential trend reversal.
A record session count of 4 candles is observed, indicating strong bullish momentum.
A change in guard pattern has appeared.
Momentum has failed to sustain a clear direction.
3: Volume:
Volume on the breakout was not significant, but after the breakout, big volume appeared as a follow-up.
Volume during the correction phase is average.
4: Momentum UNCONVENTIONAL Rsi:
🟢The Unconventional RSI is currently in a sideways zone.
🟢Divergence is evident.
🟢Confirmation is needed for a breakout above the 60 level or resistance.
5: Volatility measure Bollinger bands:
🟢Prices are taking support at the middle band, indicating its significance as a support/resistance level.
🟢A squeeze breakout occurred, going outside the upper band, and prices have already done a "Walking on the band" move, indicating bullish momentum.
🟢A headfake pattern is clearly visible at the low of the previous move.
🟢Dual band derivation suggests that confirmation may take 1 or 2 more days.
6: Strength ADX:
The ADX is in a "kiss and cross" position, but the main line is above 20, indicating that bulls are still in strength.
7: Sentiment ROC:
The rate of change for GBP against CAD is positive, indicating GBP strength.
✔️ Entry Time Frame: H1
✅ Entry TF Structure: The current structure is bearish, but as 4 pullbacks are already counted, there is a high chance that the price can change structure. It is advisable to enter once the choch is done, as the low is already confirmed.
☑️ Entry Move: Impulsive
✔ Support Resistance Base: Trend line now acts as support.
➕ FIB: Activated
↕️ Trend Line Breakout: Broken.
☑️ Final Comments: Consider buying.
💡 Decision: Buy.
🚀 Entry: 1.7040 (1st option), 1.6860 (2nd option).
✋ Stop Loss: 1.6795
🎯 Take Profit: 1.7637
😊 Risk to Reward Ratio: 1:11
🕛 Expected Duration: 30 days.
GBPCAD Analysis 21July2023after the price formed a bullish channel and was broken by the bearish trend by forming CHoCH, currently the price is in the resistance area and there is a possibility for a correction to rise again to the upper SnD area before continuing its bearish trend.
GBPCAD : Short Trade , 1hHello traders, we want to check the GBPCAD chart. After an upward move, the price has broken the ascending channel and also a range zone. The price is pulling back to the bottom of the range zone and we expect this zone to maintain the downward trend of the price. And it is a good entry point to enter the sale transaction. If the price falls, we expect the price to fall around 1.71800. Good luck.
GBPCAD Analysis H1Here is my analysis for GBPCAD on H1 using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
DeGRAM | GBPCAD trend continuation opportunityGBPCAD market is trading in an ascending channel.
Price making higher highs and higher closes, and it's approaching a major resistance and psychological level 1.73000.
We expect a pullback to the support level and a buy opportunity from it.
Breakout the resistance, pullback to support, and continuation.
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GBPCAD Idea H1Here is my analysis for GBPCAD on H1 using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
DeGRAM | GBPCAD confluence levelGBPCAD breakout of the ascending channel and it moving to psychological level at 1.71000
The market is approaching the resistance level as well as the fibo extension level.
If price rejects the resistance level by creating a false break, then it is likely to pullback from the confluence .
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GBPCAD Forecast 4July2024the price has broken the bearish trendline, with a fairly thick bullish candle and currently looks sideways. there is a possibility that the price will retest back to the trendline area before continuing the bullish trend.
DeGRAM | GBPCAD channel breakoutGBPCAD broke and closed below the psychological level at 1.68000.
The market broke the ascending channel, showing a trend shift.
Notice, price action approached the level by printing small candles, indicating that there's no strength to go higher.
Price action is likely to pullback to the resistance level and go further down.
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DeGRAM | GBPCAD selling opportunityGBPCAD broke and closed below the psychological level 1.6900.
By forming a pinbars, the market rejected local resistance and the 50.2% fibo.
Notice, price action approached the level by printing small candles, indicating that there's no strength to go higher.
Price action is likely to pullback to the support level and go further down.
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GBPCAD Will Grow!GBP-CAD broke out of
The falling channel and
Then went down to retest horizontal resistance
It but is now growing again
So I think that we will see
A bullish move up !
GBPCAD Top-down analysis 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 Forecast 18June2023when the price enters the liquidty area ($$$) which is also the resistance area, there is a tendency for a pullback to occur.
For those of you who want to trade in this pair, it is better to wait whether the price will pull back or the price will breakout resistance.
DeGRAM | GBPCAD test of psychological level GBPCAD is decelerating at the support level. It created a double bottom.
Price action formed a divergence at the level, indicating buy pressure.
The market is testing the psychological level of 1.66000, and the fibo extension lines up with it.
We anticipate a bullish move.
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GBPCAD Potential Short!GBP-CAD broke out of the
Horizontal range and also
Broke the rising support
So as it is now making
A pullback I think
There is a high chance
To see a move down !
GBPCAD H4 Triangle + 200 WMA Short Hi traders!
The current market conditions suggest a potential reversal in the GBP/CAD exchange rate, pointing towards a local downward trend. This strategic decision is in line with our analysis of a triangle pattern and downwards crossing the 200 period WMA on the H4 timeframe, which signals a favorable Short trading opportunity.
Have a great Weekend!
GBPCAD H4 Long Term Selling Idea Hello Traders
In This Chart GBPCAD HOURLY Forex Forecast By World of Forex
today GBPCAD analysis 👆
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This Video is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts.
GBPCAD ____ BE PATIENT WITH THE MARKETHello Traders,
So I had taken a long on this pair but I was stopped out at breakeven. However, my bullish bias has not changed because the price is trading in a weekly and daily demand zone and we still have the obvious buy-side liquidity to sweep.
If you look at my chart you will notice that price just created a sell-side liquidity pool (relative equal lows) and as usual, one can expect the price to go ahead to sweep this liquidity.
One piece of advice I will give you guys is: whenever you want to take a trade, always look for where the liquidity pool/trap. This would help you escape being liquidated.
Right now, I am waiting for the price to sweep the sell-side liquidity and form a bullish setup so I can take a trade.
I will insert below my analysis on the trade that stopped me at breakeven
Follow me for more updates and insights.
PREVIOUS GBPCAD ANALYSIS
Cheers,
David
GBPCAD ____ INCOMING BULLISH RALLYHello Guys,
This week has been giving promising trade opportunities and GBPCAD could likely be one of them. In my previous analysis of the pair, I marked both the buy-side and sell-side liquidity pools. Today, the market went after the sell-side liquidity pool.
I'm hoping that the displacement in price allows the price to get to my demand POI and I will wait for a structural shift in price from bearish to bullish and take a long.
The reason why I would be confident in taking the long is that we still have buy-side liquidity to take.
If you like this analysis, give me a like or follow.
Cheers,
David
GBPCAD ____ INCOMING BULLISH RALLYHello Guys,
This week has been giving promising trade opportunities and GBPCAD could likely be one of them. In my previous analysis of the pair, I marked both the buy-side and sell-side liquidity pools. Yesterday, the market went after the sell-side liquidity pool.
I'm hoping that the displacement in price allows the price to get to my demand POI and I will wait for a structural shift in price from bearish to bullish and take a long.
The reason why I would be confident in taking the long is that we still have buy-side liquidity to take.
If you like this analysis, give me a like or follow.
Cheers,
David
