💡 Don't miss the great sell opportunity in GBPCADTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.7307). 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 36.
Take Profits:
TP1= @ 1.7197
TP2= @ 1.7132
TP3= @ 1.7050
TP4= @ 1.6952
TP5= @ 1.6806
SL: Break Above R2
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Gbp-cad
Buy GBPCAD Trend trading analysis we can see its starting to break out of its support and resistance zone and bulls are looking very bullish . Showing good indications for the bears to weaken even more as the red candlesticks getting smaller and smaller in this time period we are viewing it even though we have 4 or 5 long red candlesticks apart from that lets go bulls!!!
GBPCAD on the 0.618 🦐GBPCAD on the 4h chart is moving within a descending channel.
The price yesterday fall sharply until the 0.618 Fibonacci retracements and now testing a support.
If the price will break above, according to Plancton's strategy we can set a nice long order.
–––––
Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.
• ⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Leave a comment that is helpful or encouraging. Let's master the markets together
GBP/CAD - What to expect on a Daily ChartGood morning traders, today we bring you a mid/long term analysis on the GBP/CAD pair.
🔸The price has been moving in a range for more than a year.
🔸Although the range is wide and we can draw various supports and resistances, we select the most immediate ones in which the price can find reversal zones.
🔸A few days ago, there was a rebound in the resistance zone, and if we take the previous situations, we should see a bearish move towards the support zone in the next few weeks. It is a journey of approximately 500 pips.
🔸Of course we cannot rule out the idea of a breakout of the Resistance zone, and if that happens, the next Resistance zone is around 250-300 pips away.
💡 Don't miss the great sell opportunity in GBPCADTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.738). 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 above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 34.
Take Profits:
TP1= @ 1.7290
TP2= @ 1.7235
TP3= @ 1.7185
TP4= @ 1.7120
TP5= @ 1.7048
SL: Break Above R2
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. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
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Now, It's your turn!
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Trade well, ❤️
ForecastCity English Support Team ❤️
💡 Don't miss the great sell opportunity in GBPCADTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.738). 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 above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 34.
Take Profits:
TP1= @ 1.7290
TP2= @ 1.7235
TP3= @ 1.7185
TP4= @ 1.7120
TP5= @ 1.7048
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Hourly Downside Pressure Died Off On GBPCADKey details in Signposts. Hourly selling pressure has died down at the 1.7283 level. Structurally, good opportunity to continue building a position in this pair.
[ Note that ideas published represent my viewpoints on structural directional movements. I do not post explicit trade parameters (i.e. entry, take profit, stop loss, etc.) as these are set to in reference with my expectancy. Since my win rate and R-multiple targets are different, ideas published are simply a resource to provide guidance. You are expected to manage your own trading decisions. ]
GBPCAD - DAY TRADE VIEWGBPCAD - I am expecting a good up move in this pair from the current price, Momentum seems to be in buyers favour.
Go for buy at current price 1.73300
Potential up move 1.74400
Maintain Stop loss around 1.72900
Follow the levels properly as mentioned and use proper risk management.
Traders, if you liked this idea hit the like button & write in the comment section.
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GBPCAD shortI made the chart as detailed as I could, thanks for understanding. The chart was trending upward, but it's changing to a downtrend because it no longer respect the uptrend and there's a double formation with a MA crossover
Please LIKE if you find it helpful and COMMENT for any observation
GBPCAD shortI made the chart as detailed as I could, thanks for understanding.
The chart was trending upward, but it's changing to a downtrend because it no longer respect the uptrend and there's a double formation with a MA crossover
Please like if you find it helpful and comment for any observation
GBP/CAD Bullish Channel: Potential Reversal InboundGBP/CAD is following a channel for a few weeks now. Today, the price has hit the lower trend-line. With the positive news concerning Great-Brain, I'm expecting the GBP to gain in value shortly, bouncing off the trend line.
Since these are risky times, I'd wait for the price to close above the yellow confirmation line, with a target around the last major high.
GBPCAD at the 0.786 🦐GBPCAD after yesterday's bearish leg retraced quickly until the 0.786 fib level.
The price hit the 0.786 below a minor resistance and couldn't break above.
IF the market will break and close below the support at the 0.618 we will set a nice short order according to Plancton's strategy.
–––––
Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.
• ⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.