Price had broken our support level and hence i expect a retracement before continue downside.
FX:GBPCAD This pair created multiple rejections at the highs before printing a top reversal. Those rejections on the 1 hr time frame formed a Micro level of resistance in the market. If this level holds we could see a test of the 78.6 level on the Fib. If Momentum remains bullish on the higher time frames we could see a break of the highs. If that occurs I'll...
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.
Hey Traders, in today's trading session we are monitoring GBPCAD for a selling opportunity around 1.72100 zone, GBPCAD was trading in an uptrend and currently is in a correction phase in which it is approaching the retrace area at 1.72100 support and resistance area. Trade safe, Joe.
The Pound Sterling's recovery has encountered a standstill amidst robust speculation regarding early rate cuts by the Bank of England (BoE). Concurrently, the GBP/CAD pair, after establishing a bottom within its channel around 1.68880, initiated a pronounced bullish surge, propelled by a convergence of technical and seasonal indicators. Technically, the price...
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.
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...
welcome here is my gbpcad long idea its based on overall bullish strength price trading above 50% fiblevel of current weekly and monthly candle price trading above weekly pivot, all ema´s and creating higher highs lets see if we can catch a bull wave here
Market structure Bullish on HTF Weekly and Daily AOi in the same Area Weekly Candle stick Rejection at AOi Daily Candle stick rejection at AOi Round Psych Level .1.71500 H4 EMA Retest Candlestick rejection SOS 1:4.04 Entry Signal 90% REMEMBER: Trading is a Game Of Probability : Manage Your Risk : Be Patient ...
The current GBP/CAD exchange rate indicates a favorable buying opportunity, situated at 1.71814. This suggests that for those looking to capitalize on this currency pair, it may be an opportune moment to enter the market. Setting specific profit targets can help maximize gains, with potential exit points identified at 1.71500, 1.71408, and 1.71200. These levels...
###REPOST### Price took me out last week but Market Structure still intact, Looking for a re-entry to go short with the market STRUCTURE BEARISH ON HTF WEEKLY AND DAILY AT SAME AOI PREVIOUS WEEKLY STRUCTURE POINT WEEKLY REJECTION AT AOI DAILY REJECTION AT AOI DAILY EMA RETEST AROUND PSYCHOLOGICAL LEVEL H4 EMA RETEST PREVIOUS STRUCTURE POINT H4 REJECTION...
OANDA:GBPCAD We have a valid harmonic pattern, which, if materializes, could bring the pair down as low as 1.6950.
We have observed completion of XA, AB and possibly BC limb as well. We have yet to wait for CD limb to complete. Price may go up at PRZ, which will be a potential buy opportunity.
All ideas are strictly my interpretation of price action. I am not a professional trader nor is this professional advice.
Double top spotted! If horizontal line gets broken, then I will enter a short position. TP 1.702
this analysis just base on ''basic technical analysis' downtrend structure at TF H4 i think this is the peak resistance time to continue bearish disclaimer this is not a signal be smart save and love your money i just share what i see and what i learn thanks
We can see strong bullish move here and also flag chart pattern formation. Price has reached potential bearish zone 1.71600, so I expect to see move down. I also marked here potential bullish zone 1.70000.
be patient to waiting the confirmation in my idea / analysis base on basic technical, i do prefer SHORT in (2 area) in timeframe H4 , confirm downtrend the area i mark is " IMB " so, lets see guys. DISCLAIMER this is not a signal / recommendation BE SMART save and love your money DYOR !