You can continue selling to get 300 pips until reaching level 1.60900. When you reach this level, you will have historical support and a excellent entry point for a long-term buy position.
Hey traders, in today's trading session we are monitoring GBPCAD for a selling opportunity around 1.642 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
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
The price inside a descending channel and below a monthly resistance, we wait to retest a resistance with reaching trend line of the channel We will also meet 0.5 Fibonacci Currently, we can take 120 with rise and 400 pips with fall
GBPCAD short term buy in low time frame SL and Tp on the chart
GBPCAD has bounced from daily support and trading above it. It has falling resistance which can be the hurdle. We are expecting the reversal from here and if it successfully manage to break above trendline then bulls will attack. Breaking horizontal support will call more bears in the party.
HEY EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE. NEW WEEK, NEW OPPORTUNITIES. LOOKING AT THE GBP / CAD * The PAIR has been trading in a FALLING WEDGE range-bound within this structure , retested this level somewhat now signaling continuation. - Short term the pair is currently rejecting at this structure possibly signaling continuation in momentum on...
GBPCAD has been in bearish trendline as highligted with the falling trendline. The pair is bouncing from the support zone which it last tested on 20th Mar 2020. The chart also printing the bullish divergence which looks strong. If we have a closing above then one can enter long in here. Trade your levels accordingly.
My views on GBPCAD is bearish heading towards the support line of 1.60363 to retest it or break it.
GBPCAD has created a series of lower highs on 4H timeframe and putting pressure on local support. As CAD is getting strong and stronger, If GBPCAD managed to break this support, a sell opportunity may arise on the retest of this support as resistance. Please like the idea if you find value in it. And also do not forget to subscribe to ForexWizard Trading Channel
GBPCAd on major down trend, Price broke and fell 150 pips and now retraced to the 50% on fib and retesting the trendline again with clear rejection to the downside again.
GBPCAD initial signal was dropped APRIL 23RD 2021 SELL STOP GBPCAD ENTRY: 1.73000 TP1: 1.70000 (300) TP2: 1.66000 (700) TOTAL PIPS: 1,000 MASSIVE SWING TRADE WITH PROPER RISK MANAGEMENT with the final target of over 700 pips, price has taken almost a year to complete this cycle and i am so proud to share it with everyone.
Hey traders, in today's trading session we are monitoring GBPCAD for a selling opportunity around 1.678 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
Hey traders, in today's trading session we are monitoring USDCAD for a selling opportunity around 1.673 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
GBPCAD has been in bearish pressure since the 21st of Feb 2022, the price is falling steep without making any major bounce expect on 1.67300 level where price bounce to atleast 150 pips. The recent candle of the pair suggesting bulls are back with hammer candle close. If follow up candles are also strong then we may see bullish reversal in here. Trade your...
GBP-CAD is trading in a falling channel And the pair will soon be retesting a Falling support level of the channel and the completion of the bullish harmonic pattern at 1.6480 levels I think that a rebound followed By the bullish correction is possible So we will be waiting for the reversal signs To be able to enter a long trade
on weekly frame The week candle closed under important resistance without any rejection. Now we are waiting for a retest of this resistance and then we start selling - on 1 hour frame we have a bearish trendline faces 0.5 fibo with touch the imortant resistance - good lucK
First, let us cover some historical points in GBP/CAD's near history. It seems we finally broke out from the consolidation zone. A nice downtrend is forming as the price action created a lower high on the 21st of February. Since then, the price started its journey to the bottom. It broke 38.2, 50, and 61.8% of Fibonacci retracement. We can even see a strong chart...