Confluences published in the trade idea linked below, releasing exact entries.
2.5R Potential GBPCAD Sell estimated levels . Exact levels will be updated in a new trade idea. Do not enter right now, the trade is in the making. There is no entry yet, the levels are an estimate
Key highlights After price took out the liquidity on buyside in 4hr timeframe , now I'm expecting price to out the liquidity on sellside
Reason Behind Bullish 1. Inverted Hammer which Pushes Higher 2.Obey Trendline & Support 1.70906 Overall Possible Outcomes GBPCAD BUY 1.7098 SL 1.7020 TP 1.7220
GBP CAD upside movement possible Buying above the 1.70892 Stoploss 1.70562 Target 1.72028
On the 1-hour chart for GBPCAD, we're actively seeking potential buying opportunities within the specified demand zones. If we receive confirmations aligning with our strategy, we'll execute buy positions. This approach reflects a disciplined and professional trading methodology.
GBP CAD upside movement possible Buying above the 1.70232 Stoploss 1.70161 Target 1.70575
A buy entry for those pullback lovers , if it manifest itself through structure then a sell setup around supply 1.72119
GBP CAD downside move possible Selling below the 1.72287 Stoploss 1.73475 Target 1.64272
We saw GBPCAD Moved in Ascending Channel or make Double Top .
I have never been more confused and doubtful ever than now. Now there has been a sudden change in the trend, or that is what i feel. I think the trend for the next few days would be down as there has been a change in character and the market has made the first lower low and lower high. Now I dont take a trade on what i feel. I am usually sure, but not this time....
GBP CAD downside move possible Selling below the 1.68991 Stoploss 1.69461 Target 1.67628
In GBP/CAD, there is a bullish divergence on the 15-minute time frame. If a higher high is broken, we may have a good trade opportunity with a 1:1 risk-reward ratio
The idea behing this trade is as it is written on the picture: Price is showing us early signs that it might wants to do a pullback into premium area of the market. If that happens we are positioned great, however it is still early days.
GBP CAD upside move possible Buying above 1.69196 Stoploss 1.68577 Target 1.73347
Gbpcad is on a daily support level. it is currently forming a double bottom at the bottom of falling wedge . we can plan a long trade either after the neckline break or after breakout of falling wedge.