gbpcad longcad is week, so as the oil, as the oil countinues the bearish really the cad will also go down because both of these are related to each other... so after the bullish divergence on 4h we place the buy stop at the H1 lower high breakout and place our sl below the support. hope this trade will go accordingly inshallha ....
GBPCAD trade ideas
GBP/CAD Targets Decline as Price Breaks Below Kumo CloudGBP/CAD is emerging a double top pattern on the daily chart following an uptrend, signaling a potential trend reversal due to waning bullish momentum. Currently, the price is descending towards the 161.8% Fibonacci level at 1.76824, which coincides with the neckline of the double top pattern and serves as a critical support area. The break of this level is essential for confirming the pattern.
Kumo Cloud Break and Ichimoku Analysis
The price has also broken below the Kumo cloud, indicating a shift to bearish conditions and reduced buying power.
If the price breaks the 161.8% Fibonacci level at 1.76824, subsequent support levels are at 1.75720 (200.0% Fibonacci) and 1.74523 (241.4% Fibonacci). Each of these levels can act as key points to assess the strength of the sellers and serve as strategic entry points for potential trade decisions.
Alternative Scenario
If the price fails to breach the 161.8% Fibonacci support and retraces upwards, it could target the resistance levels at 1.78611 (0.0% Fibonacci) and 1.79715 (61.8% Fibonacci).
Heading into overlap resistance level?GBP/CAD is rising towards the resistance level which is an overlap resistance that aligns with the 38.2% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 1.7859
Why we like it:
There is an overlap resistance level that lines up with the 38.2% Fibonacci retracement.
Stop loss: 1.7926
Why we like it:
There is a pullback resistance level that lines up with the 61.8% Fibonacci retracement.
Take profit: 1.7740
Why we like it:
There is a pullback support level.
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GBPCAD can we see higher bearish push
GBPCAD higly good price action structure, price touch trend lines 2 times, we have visible and SYMMETRICAL TRIANGL inside trend lines-zone and CHANNEL pattern is visible its be breaked today.
Currently here bearish push still expecting till next long term trend line
SUP zone: 1.80200
RES zone: 1.77600, 1.77000
GBPCAD possible short sccenarioWe saw a massive down candle yesterday creating a down trend.
Now we are in a consolidation area.
Possible down trend to continue, but first i see some need of liquidity which we find at 0.5-0.61 FIB area which also meet some FGV.
Wait to see if this is the way will go, and could be a nici short position from 0.61 fib
GBPCAD - 4hrs ( Sell Trade Target Range 240 PIP ) ๐ข Pair Name :GBP/CAD
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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๐ข Key Technical / Direction ( Short )
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Bearish Break
1.78400 Area
Reasons
- Major Turn level
- Visible range Hvn
- Pattern Break
- FIxed Hvn
- P m H
- Fibo Golden
Bullish Reversal
1.77400 area
reasons
- Major Turn level
- visible Range Lvn / Value
- Monthly Area
- Fibo Golden
- Choch Zone
GBP-CAD Long From Support! Buy!
Hello,Traders!
GBP-CAD keeps falling down
Towards the horizontal support
Level of 1.7700 and the pair
Is locally oversold so after the
Retest we will be expecting a
Local bullish correction
Buy!
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GBPCAD OUTLOOKIn this analysis we are focusing on 4H time frame for finding the upcoming moves and changes in GBPCAD price, I'm looking buy trade opportunity today. let's see what happens and which trade opportunity market will give us.
Always use stoploss for your trade.
Always use proper money management and proper risk to reward ratio.
This is just my prediction or analysis
#GBPCAD 4H Technical Analyze Expected Move.
GBPCAD, Bullish Channel Breakout With Triple TopRejected from Strong Support Level
Triple Top Formation
Bullish channel Breakout
Weekly Horizontal Support Break
Bearish Candle Closing Below Support
New Lows Formation
Waiting for Retest of breakout to Enter
Enter with Sell Limit
Stoploss @ LH
Target @ major levels marked
GBPCAD Sellers In Panic! BUY!
My dear friends,
Please, find my technical outlook for GBPCAD below:
The price is coiling around a solid key level - 1.7837
Bias - Bullish
Technical Indicators: Pivot Points Lowanticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 1.7917
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
GBPCAD is in the bearish directionHello Traders
In This Chart nzdcad HOURLY Forex Forecast By FOREX PLANET
today GBPCAD analysis ๐
๐ขThis Chart includes_ (GBPCAD market update)
๐ขWhat is The Next Opportunity on GBPCAD Market
๐ขhow to Enter to the Valid Entry With Assurance Profit
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