BULLISH GBPCADEarlier this week I saw this breaking out above a historical supply and demand zone on the Daily time frame. With a successful retest on the 4HR time frame, we are moving on up.
GBPCAD.1.MINI trade ideas
GBPCAD Simple Trade Plans (Tech + Sentiment)GBPCAD has rallied consistently over time, alike other CAD pairs.
This comes mostly as the BOC has been quicker to take a dovish view.
Other economies still lag slightly but are following suite, in this case the GBP.
1. Tech bias suits re short entries.
2. Sentiment bias supports re-balancing of near term value within trend.
GBPCADhi everyone
this is market structure !
when the tf H4 already break support (mean ; trend has change from bull to bear !)
so, what i share here today is what i trade right now
this is not a signal
but u just share about market structure
be smart
disclaimer on.
GBPCAD - Sell OpportunityGBPCAD has turned bearish after breaking the neckline of a Head and Shoulders pattern, confirmed by bearish divergence. The recent retest of the neckline offers a potential sell opportunity. Traders should consider entering short positions, with stop-loss orders above the neckline and profit targets at key support levels. Proper risk management is essential to mitigate market volatility.
GBP/CAD 2 Entries +230 Pips , Third Entry Valid To Who Missed 2 This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
GBP_CAD BULLISH BIAS|LONG|
✅GBP_CAD made a retest
Of the broken key level
Of 1.7440 which is now a
Support from where we are
Already seeing a bullish rebound
So we are locally bullish biased
And we will be expecting a
Further move up
LONG🚀
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GBPCAD Under Pressure! SELL!
My dear subscribers,
My technical analysis for GBPCAD is below:
The price is coiling around a solid key level - 1.7486
Bias - Bearish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 1.7406
My Stop Loss - 1.7536
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
GBPCAD: Sell opportunity !!! (Details on caption)Well, the price hit the HTF FVG and shifted the market structure in the hourly chart, then respected the bearish FVG and created the bearish order block.
Now we can expect the price to trade to the bearish order block and then continue the bearish move, in this scenario, we need LTF confirmation for entry.
💡Wait for the update!
🗓️10/07/2024
🔎 DYOR
💌It is my honor to share your comments with me💌
GBPCAD Will Move Lower! Sell!
Here is our detailed technical review for GBPCAD.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 1.747.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.740 level soon.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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GBPCAD ForrexThe chart was printing Bullish Trend with HH and HL after the Divergence The trend is Bearish trend with First LH and LL
Lingrid | GBPCAD opportunity to SHORT the MARKETThe price perfectly fulfills my last idea. The market is currently trading near the key resistance level of 1.7500. The price has made lower lows and lower closes, breaking through the previous higher low area. I believe the market will likely move sideways from here. Therefore, I'm looking for the price to test this zone and potentially fall from it if the market makes a fake breakout or a double top with divergence. On the 4H timeframe, the market has formed a couple of long-tailed bars, indicating selling pressure. My target is to support at 1.73675
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
GBPCAD: Bearish Continuation
Balance of buyers and sellers on the GBPCAD pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the sellers, therefore is it only natural that we go short on the pair.
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GBP/CAD
The inverse head and shoulders is a chart pattern used in technical analysis to predict a reversal in a downtrend. It's considered a bullish indicator. Here’s a breakdown of its structure and how it can be identified:
Structure:
Left Shoulder: The price declines to a trough and then rises.
Head: The price declines again, forming a lower trough than the left shoulder, and then rises.
Right Shoulder: The price declines for a third time, but not as far as the head, and then rises again.
Could price bounce from here?GBP/CAD is falling towards a support level which is a pullback support that is slightly above the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 1.7413
Why we like it:
There is a pullback support level that is slightly above the 50% Fibonacci retracement.
Stop loss: 1.7339
Why we like it:
There is a pullback support level which aligns with the 78.6% Fibonacci retracement.
Take profit: 1.7512
Why we like it:
There is an overlap resistance level.
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GBPCAD - Long from bullish order block !! Hello traders!
‼️ This is my perspective on GBPCAD
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for a long position. My point of interest is if price makes a retracement to fill the imbalance lower and then rejects from bullish order block..
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GBP/CAD +160 Pips 0 Drawdown , New Entry Valid To Get 200 Pips !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
GBP/CAD For Bullish After finishing Correction wavewait for finishing correction wave and go long after it
- General Trend is Up Trend
- we think that higher low will be at green arrow or area between 50:61 fibo levels
have fun :)
GBPCAD Bullish PullbackHello there,
GBPCAD seems bullish at H1, with a possible minor retracement before turning bullish.
The trend will be, potentially, bullish above the 61.06-RSI for a bias of 1.74600 with one price target.
Happy Trading,
K.
GBP/CADThe resistance indicated in the chart at the price of 1.7520 may create a sell signal. Today is the first day of the week and we are waiting for the market situation to become clearer.
