GbpCad hold or not to hold?Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
GbpCad at a key turning point ,to see more downside or continue its uptrend if it hold 1.71 band..let's watch and act accordingly.
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GBPCAD
AhMaDrEzA | GBPCADThe analysis of the chart shows that the probability of a price decrease is more than a price increase, but considering that the bottom of the channel was not broken, my opinion is on the price increase.
But the strength of the upward trend has decreased and I don't expect the price to grow strongly!
My price target is 1.7148 and then 1.7281
We expect another falling wave for GBP/CADHello Traders
In our last GBP/CAD analysis, we predicted the bearish momentum and made 500-600 pips. after a long retracement, we expect another downward wave. it's too soon to judge because we don't have any solid confirmation yet. I guess "CAD" GDP data will clarify the road. However we feel bearish for GBP/CAD, and expect another 800-1100 pips drop in about two months or so.
Our technical view has been shown in the chart.
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Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
GBPCAD SellAs the eagerly awaited OPEC+ meeting approaches, whispers of potential production cuts among its members are gaining momentum, hinting at a strategic move to stabilize oil prices. In such a scenario, the prospect of a surge in oil prices looms on the horizon, and the GBPCAD pairing stands poised for a correction. The delicate balance between global oil supply and demand often has a direct impact on currency valuations, and traders are keenly observing how any decisions made during the OPEC+ meeting might ripple through financial markets. A reduction in oil production could send shockwaves through the energy market, subsequently influencing the dynamics of currency pairs such as GBPCAD, where fluctuations in oil prices often play a crucial role in determining exchange rates.
#GBPCADCurrently, it is around 50% of the previous Fibo, which can continue up to Fibo 38% of the support range of this correction, and then perform a corrective move up to the defined range where there is a compression, and finally, the correction is completed until the previous lag. Do a one-hour workout. Therefore, it is possible to enter a sell position if the candle is confirmed.
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GBPCAD Sell/ShortWatching and analyzing GBPCAD for the last few days it is clear confirmation that we are facing a heavy downtrend potential reversal from here on out through the next week. Please use risk management and please view all of our signals for more potential profitable trades!
GBPCAD
Sell/Short
Entry: 1.71648
TP 1: 1.69757
TP 2: 1.67276
SL: 1.72642
RISK 2-5% of Capital.
GBPCAD The Target Is DOWN! SELL!
My dear friends,
Please, find my technical outlook for GBPCAD below:
The instrument tests an important psychological level 1.7158
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.7023
Recommended Stop Loss - 1.7229
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
GBPCAD - Long after filling the imbalance ✅Hello traders!
‼️ This is my perspective on GBPCAD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for long. I want price to continue the retracement to fill the imbalance lower and then to reject from bullish order block + institutional big figure 1.70000.
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Sideways Corrective ???Greetings, dear friends. I hope you are having a productive week.
I am happy to assist you in ensuring that all previous analyses are attached to each corresponding analysis. This will provide a comprehensive overview and help you make well-informed decisions. Please do not hesitate to let me know if there is anything else I can do to assist you further.
I want to share my market analysis ideas based on the Elliott Wave Principle with you.
I am a fan of this principle and follow all the rules and guidelines for analyzing the market.
However, please note that my ideas are based on my personal experience and may change over time.
If there is an error in my analysis, I am open to re-analyzing it from the beginning and learning from my mistakes.
It's important to understand that making an error in analysis is not a fault, but evading responsibility is.
No one can analyze financial markets with 100% accuracy, but it's remarkable how close we can get.
We analyze from multiple perspectives to consider all possibilities.
Let's mention a few opinions and ideas!
Based on mathematics.
I am still practicing to understand the Elliott Wave Principle better and hope to provide an even better analysis in the future.
Thank you for your continued support, and I look forward to our mutual success.
Best regards,
Mr. Nobody
Keep trying and never give up.
Good luck!
Five Wave Up??Or Sideway Corrective!!Greetings, dear friends. I hope you are having a productive week.
I am happy to assist you in ensuring that all previous analyses are attached to each corresponding analysis. This will provide a comprehensive overview and help you make well-informed decisions. Please do not hesitate to let me know if there is anything else I can do to assist you further.
I want to share my market analysis ideas based on the Elliott Wave Principle with you.
I am a fan of this principle and follow all the rules and guidelines for analyzing the market.
However, please note that my ideas are based on my personal experience and may change over time.
If there is an error in my analysis, I am open to re-analyzing it from the beginning and learning from my mistakes.
It's important to understand that making an error in analysis is not a fault, but evading responsibility is.
No one can analyze financial markets with 100% accuracy, but it's remarkable how close we can get.
We analyze from multiple perspectives to consider all possibilities.
Let's mention a few opinions and ideas!
Based on mathematics.
I am still practicing to understand the Elliott Wave Principle better and hope to provide an even better analysis in the future.
Thank you for your continued support, and I look forward to our mutual success.
Best regards,
Mr. Nobody
Keep trying and never give up.
Good luck!
GBPCAD - Getting Over-Bought ❗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
on Daily: Left Chart
GBPCAD has been bullish trading inside the rising orange channel. However it is currently approaching a strong daily resistance zone so we will be looking for sell setups on lower timeframes.
on H1: Right Chart
For bearish momentum to prevail and trigger our sell setup, a break below the recently highlighted grayed low is necessary.
Meanwhile, GBPCAD would be bullish and can still trade higher to test the daily resistance again. In this case we will be looking for new sell setups.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
GBPCAD ____ MULTI TIMEFRAME ANALYSISHello Traders,
Thank you for your regular support.
I have made my first video showing my bearish expectations of the pair.
You will see firsthand how I approach the market.
Let me know in the comments, if I should continue making such videos and what pairs I should do.
Follow for more.
Cheers,
Jabari