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CADGBP

CADGBP, Bullish Structure-Setup, Objections Upcoming!Hello, Welcome to this analysis about CADGBP, we are looking at the 2-hour timeframe perspectives. CADGBP in the recent times has shown up with great developments that are building the foundation for increased upcoming volatilities. Therefore, as when looking at my chart we can watch there how CADGBP has formed this main ascending-channel-formation with the coherent wave-count within the formation and the waves A and B already almost completed. Now with the wave B CADGBP moved directly into the confirmational-bounce-zone marked in blue in my chart where CADGBP has appropriate support and as CADGBP now bounced within this support this is the confirmation for further bullish developments especially finishing the local bull-flag marked with the dashed grey trendlines. In upcoming times we can expect CADGBP to increase with bullishness and continue with the wave C development till the dynamic-target-zone marked in orange in my chart has been reached and once this happened it will be crucial as CADGBP will more likely reverse in this structure because of the slightly overbought conditions omnipresent in this case, what happens after this and if CADGBP protracts its pullbacks, especially on how this can happen has to be shown then. In this manner, thank you for watching my analysis about CADGBP and its main ascending-channel-formation structure with the upcoming bullish determinations to consider, support the analysis with a like and follow or comment for more market insight! "Good luck is when opportunity meets preparation." Information provided is only educational and should not be used to take action in the market.
by VincePrince
13
CADGBP Triple Bottom Chart PatternCADGBP, the Canadian Dollar against the British Pound, is showing indications of a potential reversal as it forms a triple bottom pattern on the 1-hour timeframe, finding support at a key level. This pattern suggests a potential shift from a downtrend to an uptrend. Traders observing this potential reversal might consider a take profit level at 0.5983, targeting an upward price movement towards this objective. To manage risk effectively, it is advisable to place a stop loss at 0.5932, serving as a protective measure if the reversal does not materialize as anticipated. While the triple bottom pattern and support level offer encouraging signals, it is essential to consider other factors such as overall market conditions, fundamental analysis, and prevailing market sentiment. Relying solely on technical patterns may not guarantee successful trades, so it is important to closely monitor the market for any changes or developments. Looking forward to read your opinion about it!
Long
by TopgOptions
💵British Pound/Canadian Dollar 💵 Analyze (01/16/2023)!!!The British Pound/Canadian Dollar completed its double-three correction(WXY) in the resistance zone with an ending diagonal pattern. Also, if you look carefully, you can find the evening star candlestick pattern in a 4-hour time frame.👇 So, I expect the British Pound/Canadian Dollar will go down at least to the support zone. 🔅British Pound/Canadian Dollar ( GBPCAD ) Timeframe 1H⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
2
💵British Pound/Canadian Dollar 💵 Analyze (01/03/2023)!!!The British Pound/Canadian Dollar broke the support zone and is now completing the pullback. I expect the British Pound/Canadian Dollar will go down at least to the next support zone. 🔅British Pound/Canadian Dollar ( GBPCAD ) Timeframe 4H⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
4
💵British Pound/Canadian Dollar 💵 Analyze (11/18/2022)!!!It seems The British Pound/Canadian Dollar completed its wave 5 on the resistance zone & resistance line. I expect The British Pound/Canadian Dollar will go down at least to the end of wave 4 after breaking the trend line. 🔅British Pound/Canadian Dollar ( GBPCAD ) Timeframe 1H⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
CADGBP Trend Trade: Short End of Bounce -30mSymbol: CADGBP Timeframe: 30m Indicator: 9 Seasons Rainbow Multi TimeFrames Pattern Signals: Short Timeframes: Green -> Light Green Context - Long Timeframes : Red Series, Purple * 2 SETUP: SHORT ENTRY @ 0.568 SL @ 0.5701 T1 @ 0.5651 T2 @ 0.5631 Manual Stop Conditions: The upper ribbons turns Green I appreciate your like or comment. Welcome to share your idea here. PM the author for a trial of "9 Seasons Rainbow Multi TimeFrames Pattern". DISCLAIMER This is only a personal opinion and does NOT serve as investing NOR trading advice. Please make your own decisions and be responsible for your own investing and trading Activities.
Short
by go8686