Gbpcadanalysis

GBPCAD: Final Drop to Key Support Before Major Reversal The wave Principle strongly suggests the currency pair is currently in the final stages of a large decline, which is expected to precede a major, sustained upward move. Completion of Correction: The pair has recently completed a complex, sideways corrective pattern (such as a triangle or flat), marking the start of the final downward push. Final Downward Leg: This ultimate decline, labeled wave (C), is now underway and is projected to drive the price into a critical support zone. Target

GBPCAD: Bears Ready to Push Into Wave 5 GBPCAD has completed a clear 1-2-3 move to the downside, followed by a corrective Wave 4 that has pushed the price higher inside a rising channel. This correction now looks nearly complete, as the price is struggling to break above the resistance. Once Wave 4 is finished, the chart suggests a final drop into Wave 5 toward the lower support zone. That would complete the overall bearish structure before any larger reversal can happen. In simple terms: correction is almost done → one more leg down

GBPCAD - FALSE BREAKDOWN SIGNALS MORE UPSIDE Symbol - GBPCAD CMP - 1.8150 The GBPCAD pair is currently exhibiting a false breakdown of its trend support. In the context of a weakening US dollar, the British pound has entered a rally phase, which is advantageous for the currency pair. Fundamentally, the outlook is favorable for both the GBP & CAD, given the ongoing depreciation of the dollar. During the current corrective phase, the pair is testing support levels without the potential for further downward movement. This correction is lik

by akshit_official

GBPCAD - Is Bullish Breakout Ahead?TF: 4h GBPCAD is initiating along opportunity by completing 4th intermediate wave at 1.83464 . We can expect a retracement then reversal with near the lower trendline of the parallel channel. Once price comes down, we will have the opportunity to go long with minimum stop level at low of the wave 4 at 1.83640 . The bullish scenario is capable GBPCAD to provide 1.8654 - 1.8748 targets to the buyers. If the breakdown occurs, wave (4) will go deep. We update this chart time to time. Traders

GBPCAD SHORT IDEA Key highlights After price took out the liquidity on buyside in 4hr timeframe , now I'm expecting price to out the liquidity on sellside

GBPCAD Sell Trade opportunity GBPCAD Sell Trade opportunity its recent breakout major support line is a good opportunity to sell here or retracement some pips as I mentioned in chart

GBPCAD BUYING OPPORTUNITY We can see thar the GBPCAD is an uptrend and it has broke its structure . Now we can wait for price to come back to the 1.61100 level for a buying opportunity . ONLY FOR EDUCATIONAL PURPOSE

GBPCAD ANALYSIS OVER H1 CHART.GBPCAD continues falling down and looking for more selling opportunities in GBPCAD, PROPER MONEY MANAGEMENT SUGGESTED.

by charliedavies770

GBPCAD H4 wait for confirmation on retest of support zone trade with money management.

GBPCAD The market has reversed from strong weekly support in 4 hrs. we took this trade so soon because of some candlestick pattern in the higher timeframe. If stop hits then we will look for another entry.

LOOKING FOR SELLS ON GBP/CAD Looking at gap/cad we can see that on the long term trend we can see we have been in a range for around a year we can see this on weekly and daily chart so now we can see we have taken out some liquidty at the top side and we do have a gap on the currency pair which is lower around the 1.68900 but firstly we have to break the 1.72 level I do think we will at least go down to the 1.72 area if broken our next target can be 1.70 then after that we can target the lower gap on the currency pair We

GBP/CAD - BUY ZONE 1.73000-1.73100 - BUYS CONTIUATION Looking to buy gc from the region of interest Can see gc has been looking to push higher to minor resistance we could see one more correction to our buy zone there is a candle imbalance I will be looking at buying at this point Confluences on buys on GBP/CAD 1. In consoldation but it looks to go higher overtime looking at minor resistance as a target 2. 78% - could come back into this region orders have been Collected in the past 3. S1- intraday 20/01/20 4. orders in this area 5. ma's lo

GBPCAD SUGGEST GOOD TRADING PLAN ENTER AND WAIT #GBPCAD #GREATBRITISHPOUND #TECHNICALANALYSIS

SELL GBPCAD TRIANGLE IS SPOTTED!!We have a triangle pattern formation in GBPCAD daily chart and if our strategy rules are satisfied then we will take a short here for target of 1.73300. THIS CAN BE A GREAT OPPORTUNITY!! DON'T MISS IT :)

GBPCAD Expecting trendline rejection

Don't miss the great sell opportunity in GBPCAD Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.7125). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPCAD is in a range bound and the beginning of downtrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 42. Take Profits: TP1= @ 1.6958 TP2= @ 1.6635 TP3= @ 1.5874 SL: Break Above R2

by ForecastCity_EU

Breakdown from Ascending Broadening Wedge GBPCAD after retracing 38.2% of the 6th May to 12th august trend has now fallen below the ascending broadening wedge pattern, which makes it vulnerable to selling up to 1.60690. The stop loss for the trade will be above the high of the previous session i.e. at 1.63747.

by forexnoobmaster007