GBPCAD trade ideas
GBP CAD upside move possibleGBP CAD upside move possible
Buying above the 1.7004
Stoploss 1.68902
Target 1.72162
GBPCAD . 1hr . (20.07.2023)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.
GBP CAD downside move possibleGBP CAD downside move possible
Sell below the 1.71795
Stoploss 1.73379
Target 1.68752
GBPCAD 4 Hour Analysis (20 June 2023)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)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
GBPCAD Short Bias 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 concrete confluence for a short so lets see how it plays out.PEACE!
GBPCAD LONGGBPCAD Go Long wait for pullback. Only Go long after conformation. Follow for upcoming signal trades.😊
GBPCAD 4 Hour Analysis (18 May 2023)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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GBPCADPrice approach at key level and make divergence price possible to move up once break the pink zone wait for the trading opportunity
GBPCADPrice 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
GBPCADThe 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.
GBPCAD SELLDISCLAIMER: The Company accepts no accountability or obligation for your trading and speculation results, and you consent to hold the Company innocuous for any such outcomes or misfortunes. We are not financial advisers or account managers; We are Forex traders. The recordings on this channel are rigorously for educational and amusement purposes. Trading Forex implies dangers, and you can lose all your venture ; consequently, you exclusively must take a chance.
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 Sell Trade opportunityGBPCAD Sell Trade opportunity
its recent breakout major support line its good opportunity to sell here or retrcement some pips as I menttion in chart
GBPCAD BUYING OPPORTUNITYWe 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 .
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