Trade Idea:
📍
DIRECTION
ANALYSIS
💰 Risk 1% of your trading capital.
⚠️ Markets can be unpredictable; research before trading.Disclaimer: This trade idea is based on Elliott Wave analysis and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions.Informational onLY !!!!
Trade Idea:
📍 Entry: 🎯 Target: ⛔ Stop Loss: (MARKED IN CHART)
💡 RISK REWARD 1 : 3
💰 Risk 1% of your trading capital.
⚠️ Markets can be unpredictable; research before trading.Disclaimer: This trade idea is based on Elliott Wave analysis and is for informational purposes only. Trading involves risks; seek professional advice before making any financial...
Hey guys here is the GBPCAD buy trade setup please go through your analysis . place a trend line with a down trend on 4H chart and when trend line brake and trend change conformation then buy
GBPCAD(British Pound / Canadian Dollar) . 1h
as you see this market buy sell move and then 60% market going to buy after breaking the zone with double bottom. let see.
GBPCAD 4 Hour Analysis (20 June 2023)
1. Price is inside channel
2. also, we have important levels as KL1 and KL2, if KL2 breaks
it means the channel will also break, so a strong downtrend
3. But, we can see stochastic bullish divergence, so if price moves
back, we can expect the KL1 break
So, we have to wait and enter the trade
GBPCAD 4 Hour Analysis (15 June 2023)
1. Price is in strong supply area
2. Also, we can see a consolidation or
range in the price
3. If the range breaks from upside,
and also supply area breaks,
we will wait for retest for a
bullish entry
4. If the consolidation breaks from
downside, we will wait for entry in
bearish side, also we need to
confirm with trendline
I got a short bias on the GBPCAD pre CPI data, risky since its a high impact data release however i would like to see how the analysis plays out.
i took a interest on this short bias because of an unmitigated demand level POI and also price respecting the current supply level POI meaning a supply chain could be forming and also a LS was done hence making a...
GBPCAD Trading Ideas
1. Price is touching the Trendline again
2. we can observe divergence in AO and MACD
3. We can expect bullish entry
but if the trendline breaks, then we have
to wait for a retest for bearish entry
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Thank you for your time and support.
Stay safe.
Price approach at key level of support and area of value and price action formation of higher low formation once price breaks the green zone focus on by opportunity risk 1% and reward 2 %. Always wait for momentum candle break
The GBPCAD pair is in a short-term downtrend, making lower highs and lower lows. However, a descending trend line has been broken, indicating a potential reversal to the upside. Additionally, price action has formed a triple bottom pattern, which is a bullish sign. Therefore, we may consider taking a long position in the GBPCAD pair.
