the pair broke the resistance in 15min chart and i think that the breakout of the second trend line will lead to a decline . 50% fibo level is my main target. I go accordingly
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 CANDLES REMEMBER: Trading is a Game Of Probability : Manage Your Risk : Be Patient ...
Lately on GBPCAD price has cleared Buy-Side-Liquidity and formed a market structure shift and distributed to the downside and the market is currently recreating another mss in order for it to distribute even more to the downside
GBPCAD is currently moving up making HH and HL. Sign of retracement are observed with no divergence. Price can move up to a defined projection giving a good opportunity to buy on breaking highs.
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....
GBP-CAD went up to Retest a horizontal resistance Of 1.7219 from where we are Already seeing a bearish reaction And I think that the pair will Go further down !
Technical Confluences for Trade: - Stochastics are in Overbought Conditions on H4 time-frame - Price action is at a Supply Zone area - Price action may reverse back below Resistance Trendline Suggested Trade: Entry @ Area of Interest 1.7140 - 1.7160 SL @ 1.7258 TP 1 @ 1.7012 (Close Half-Position & move SL to Entry level once TP1 is achieved) TP 2 @...
We are looking for the retracement over Fib(0.318) and a continuation starting from Fib(0.136) to the upside. Plan is to risk a total of %1, so that 3x lots and 200 points (20 pips) SL should be equal to the %1 of your account. Direct entry.
GBP/CAD at Strong Resistance Level. 96% Bearish Sentiment. Projections Indicated on Chart
GBPCAD short did not get filled in but level getting respected
GBPCAD - Bullish Rectangle Continuation. Sign of retracement are observed with no divergence.
1- Divergence on MACD indicator. 2- Followed by Convergence. 3- This presents a typical scenario of; Pullback followed by continuation to the Down Side. Looks like Pullback is happening right now. Look for Sell Setups in the shaded zone. Target and protection shown on the chart.
The GBPCAD broke through a significant horizontal resistance and closed above it. This sets the stage for a potential uptrend continuation. The next resistance level to watch is at 1.7216.
GBPCAD has broken daily structure, prompting at a change in market sentiment. Price has retraced into a premium prices on the HTF. From here ill be looking to short the pair. With news coming out expected to be bearish during PMI this looks like a comfortable place for me to enter short from.
My confluences have triggered Short for the rest of this week What are your thoughts? Trade safely my friends
Hello,Traders! GBP-CAD went up and The pair is locally overbought So as the pair is approaching A horizontal resistance of 1.7236 A bearish reaction is To be expected Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
GBPCAD - Classic bearish setup - Our team expects bearish continuation SUGGESTED TRADE: Swing Trade Short GBPCAD Entry Point - 1.7165 Stop Loss - 1.7229 Take Profit - 1.7051 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
My dear friends, Please, find my technical outlook for GBPCAD below: The instrument tests an important psychological level 1.7108 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.7092 About Used Indicators: Super-trend indicator is...