Gbp-cad
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.
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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.
GBP-CAD will swing UP from SUPPORT! Buy!
Hello, Traders!
GBP-CAD had a fake support breakout
And is now back into the rising channel
I think there is a decent chance
That the pair will go Up in the channel
To retest the falling resistance
Buy!
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GBPCAD on the 0.5 levelGBPCAD after touching the resistance at 1.75 area retraced back until the 0.5 fib level over an ascending trendline.
The price couldn't break below and if the price will break and close above the 4h resistance we can set a nice ling 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.
GBPCAD - SWING - 26. NOVE. 2020Welcome to our weekly trade setup ( GBPCAD )!
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1 HOUR
Bearish price action!
4 HOUR
Closure and pressure below main sr level.
DAILY
Overall bullish market about to turn..
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FOREX SWING
SELL GBPCAD
ENTRY LEVEL @ 1.73370
SL @ 1.74040
TP @ 1.72350
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
GBPCAD - SHORTALL ANALYSIS ARE MADE USING ONLY PRICE ACTION, NO INDICATORS. MULTIPLE TIMEFRAMES ARE INVOLVED BEFORE TAKING A TRADE.
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==> PLEASE TAKE NOTE!! DO NOT SET LIMIT ORDERS. GET IN ONLY WHEN YOU GET THE GO SIGNAL FROM PRICE ACTION
GBPCAD - Potential breakdown 🔽GBPCAD is rejected the long term resistance level.
RSI printed a bearish divergence signal.
The market is consolidating in pennant chart pattern.
Sell entry - breakdown below the pennant support + previous low ⬇️.
Sell confirmation - breakdown of RSI rectangular pattern support.
GBP/CAD Waiting for a Bearish Breakout🔸DAILY CHART EXPLANATION:
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🔸Price broke the Major Ascending Trendline.
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🔸It has been consolidating on the edge for a couple of months.
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🔸If there is a bearish breakout, we consider that the potential bearish move can reach the Support Zone at 1.6600.
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🔸Will look for a lower timeframe bearish setup if that breakout happens.
Down trend in GBPCADToday, the positions we are looking for must be with a stop and control our risk as soon as possible.
Today's possibility is related to the downlink channel in which the GBPCAD of H1 is located.
We have lower peaks and lower bottoms. We expect a correction and decline to 1.7022.
It is good to make the entry after confirmation before the line of resistance.
Successful trading!
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