


Currency_World_Forex
After the failure and exit from the increasing wedge, we see the price entering the consolidation range, where you can set your trades at the bottom and top of the trading range with confirmation in lower time frames.
After reaching the area of 1.96000, the trend with the formation of lower highs, leads the price towards important support areas such as 1.94000, and by leaving behind this area, we can expect the price to move forward to the dynamic support trend line (in the daily time frame).
After the formation of an imbalance, the price entered the suffering range and after the formation and collection of liquidity, it is expected to continue its decline by collecting OB.
The price passing through the liquidity area can continue its downward movement in the main trend when it meets the first orders area.
As you can see, the price can continue to advance up to the ob range marked on the chart with the intention of selling by changing the structure in the lower time frame.
In the 30-minute time frame, we see a supply zone. We are waiting for the price to move towards OB.
In the 30-minute time frame, we see a demand zone. The price has formed a QML pattern, the price is expected to react upon reaching the POI area.
In the 30-minute time frame, we see a demand zone. As you can see, there is a liquidity zone at the price of 1.454. We expect the price to react upon reaching this area.
as you see we have a little trading range area which is below its downward trend line and Considering the support that has now become a resistance zone, the pressure to break TR has increased downwards, and sell transactions can be considered in pullbacks.
We see a divergent pattern in terms of price in the main trend according to the higher time frames that after the last major bearish wave, we are retracing to the 0.78 Fibonacci level , which can give its last warnings to the buyers, before falling towards the main support areas, and in this case, we can only consider selling transactions when we see (BOS) in the...
As you can see In the last upward correction wave and Strong upward price movement , we could recognize BUY order blocks after forming (BOS) and this upward movement can advance to its nearest OB in front of it.
The price movement between its dynamic S/R has continued up to the levels of 1.04000 and after the initial encounter with this level and correction to important supply areas, it is now being retested, which can be expected to move to lower levels in the coming week.
There is a possible bullish senario for GBPCAD and according to price influence to it's previous high , we can have a (Break of Structure) aslo after collecting order blocks , price can continue its trend up to the specified range.
as we're moving above the upward trendline , price could be in retracement compared to previous uptrend wave and after breakout of trading range wich is the price moves inside it , we can find out about next move.
If the price can overcome the minor structure shown in the chart , after retesting previous levels , we can expect to progress to the next major level
After approaching level 1.53000 , price starts to forming lower highs and now it's struggling to break the trendline , in this situation , we can only consider positions after a trustworthy confirmation.
in this downward channel as soon as the price reaches to our resistance trendline ,with return confirmations in the downward direction , we can be on short orders and move in the direction of the channel.
After reaching level 96.000 , prices start to retracement and as long as we're breaking previous lows for reaching lower levels , sales positions can be established.