All ideas are strictly my interpretation of price action. I am not a professional trader nor is this professional advice. I will continually update all trades.
OANDA:GBPCAD has been in bearish trend. Recently, It broke the last low with great selling momentum. It has been retracing back to fib 50-75% discounted levels where we can look for selling opportunities up to recent low.
The presence of an ascending trend line on the daily frame There is divergence on the Relative Strength Index (RSI). The presence of areas of strong demand The presence of a harmonic model supports purchasing
GBPCAD short did not get filled in but level getting respected
OANDA:GBPCAD This is to some extent a continuation of my last attempt to short the pair, which unfortunately failed. The pair has been consolidating for a while and has formed a triangle. Now, with a valid triangle pattern and bearish divergence, the pair has broken through the support. This presents a great opportunity to short the pair with moderate risk.
Been watching it keeps pushing Down Looking for 25 pips BOE Int Rte in 3 hrs Last time came out the same as Expected CAD pushed Down Traders getting in ahead of he trade. March 22nd Go back see compare to other Currencies also
As price under movment on descending channel and hit resistence area expect to fall pls like for support thank you
All ideas are strictly my interpretation of price action. I am not a professional trader nor is this professional advice.
Market Structure Bullish On HTF Weekly and Daily around same AOi Weekly Rejection Candles Daily Rejection At AOi Daily EMA retest Around psychological Level 1.71500 H4 EMA Retest Candlestick rejection from AOi SOS 1:4.92% Entry Signal 85% B+ REMEMBER: Trading is a Game Of Probability : Manage Your Risk : Be Patient ...
All trades are based on pure price action. i do a top down analysis to gain weekly, daily bias. i then use 4 hour price action with 1 hour time frame for entry.. ACTION ,CORRECTION ,REACTION. these ideas are not trading advice. i am not a professional trader.
The Canadian Dollar is loosing steam, for some reason is losing value across the board. Maybe bc oil apparently has peaked and now is turning over. I opened a long position last week on NZD/CAD but I think this pair looks better, EUR/CAD looks good too, even USD/CAD. It could take a few more weeks to break out. Keep adding at every pull back. CAD is the new Yen....
Always the same pattern. This time in 30´ instead of 1h, so risk managed aplied directly. Fundamentals coming. I also considered higher timeframes like 4h, I just adjusted the entry.
Traders eyeing the GBPCAD pair have identified a compelling sell zone, located at 1.71745. This zone marks a crucial level where sellers are expected to enter the market with increased activity, potentially exerting downward pressure on prices. Traders keen on short positions closely monitor this sell zone as it presents an opportune entry point to capitalize on...
Hello, this is one of my last signals for the day, a GBPCAD Sell Signal! Hope you like this trade, stay safe.
📈🚀 GBPCAD Market Update: Preparing for Bullish Breakout! 🎯💼 Forex Traders, exciting news on GBPCAD: OANDA:GBPCAD 🔄 Inverse Head and Shoulders Formation: GBPCAD has developed an inverse head and shoulders pattern at the bottom of its downtrend, signaling a potential bullish reversal. 📈 Current Status: The pair is currently forming the right shoulder. A...
all gap area was filed in last week. I think all liquidity of gbp cad are ready for purge . this movement is my idea but i need to wait until Tuseday .
GBPCAD chart in 4h time frame is printing HH and HL and there is no divergence observed. Therefore market may seem more inclined to move in the direction of the existing uptrend. Hence I'm using AB = CD Pattern to take long entry with Buy Stop Order on the breakout "B" point Level with stoploss below at "C" Point which is last Higher Low level.
Double top spotted! If horizontal line gets broken, then I will enter a short position. TP 1.702