GBPCAD
GBPCAD - Long from bullish order block ✅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 make a retracement to fill the imbalance lower and then to reject from bullish order block + institutional big figure 1.67000.
Fundamental news: On Friday will be released Unemployment Rate in Canada, as well, on Thursday we will see the result of Interest Rate on GBP, so pay attention to the results in order to validate the analysis.
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GBPCAD ____ INCOMING BULLISH RALLYHello Guys,
On this pair, price just traded into a monthly orderblock (see your monthly timeframe) and formed a CHOCH on the daily chart.
If and when price will trade to the daily order block, I will be looking for my trade setup on the 1-hour chart to go long. The target will be the daily FVG that is unmitigated.
Below are correlated pairs for your attention.
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AUDCAD ANALYSIS
EURCAD
Cheers,
Jabari
GBPCAD Shorting SetupYellow: Open Position
Red: Stop Loss
Green: Take Profit
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Happy Trading!
USDJPY I Pullback and continued bull runWelcome back! Let me know your thoughts in the comments!
** EURCAD Analysis - Listen to video!
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GBPCA Sell IdeaAter the break and the retest, the price is now ready to fall down. The resistence is really strong, and the price need to get the other liquidation levels
GBPCAD Analysis H1Here is my analysis for GBPCAD on H1 using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
GBPCAD Strong upward trendThe Bank of England predicted this week that the UK economy is likely to weaken in the months leading up to the next general election, raising concerns about Chancellor Rishi Sunak's government.
The central bank's Monetary Policy Committee will cut its gross domestic product estimates for the second half of this year and early 2024 after surveys and official data suggested an increasing risk of recession.
GBPCAD I Double top neckline retest and declineWelcome back! Let me know your thoughts in the comments!
** GBPCAD Analysis - Listen to video!
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GBPCAD - D1\W1GBPCAD
D1\W1 - Formation of a 3-wave structure in an upward trend.
D1 - There was a breakthrough of the level of the 1st wave at a price of 1.67644, more expected price behavior, consolidation at this level and continued movement upward to the levels of 1.74192. It is also worth noting that the price can form an ABC structure and in this case we can see a continuation of the downward movement along the 4th wave on W1
What to expect now?
You can try to consider the entry from these levels to continue the movement. You can also wait for the price to fix at the level of 1.67644.
Cancel idea 1.65490 - 1.63560. If the ABC formation does not form.
Long
Targets 1.68450 - 1.70185 - 1.71710 - 1.74192
GBPCAD: Top-Down Analysis & Bearish Pattern 🇬🇧🇨🇦
GBPCAD broke a support line of a tiny rising wedge pattern on an hourly time frame,
after a test of a solid falling trend line on a daily.
Taking into consideration that the pair is trading in a bearish trend on a daily,
probabilities will be high to see a bearish reaction.
I expect a movement to 1.671
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GBPCAD H4 | Bullish bounce off 50% fibo?Price is falling to our buy entry at 1.6676, which is a pullback support level, aligning with the 50% fibo retracement and 61.8% fibo projection. There is fibo confluence at our buy entry, hence we are projecting price to become bullish and bounce off from here. Our stop loss is at 1.6585, which is below the swing low support level and 100% fibo projection. Take profit is at 1.6789, which is at the swing high resistance level.
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GBP/CAD Shared Yesterday +50 Pips , 2 New Entries Valid Now !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Strifor || UKOIL-10/25/2023Preferred direction: SELL
Comment: For oil, the previous trading idea also worked out perfectly and the instrument is now trading at the level of 86.62. Despite the general tense geopolitical background, the instrument is still considered for sell, and the purpose of the sale is gap closing. Presumably, this goal will be achieved within one trading week.
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Strifor || GBPUSD-10/25/2023Preferred direction: SELL
Comment: The previous selling idea worked 100%. This is not the end of the downside potential, including today intraday. In the near future, it is expected to approach the lower border of the corridor, which will most likely be broken by the seller.
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Risky Short Setup On GBP/CAD To Get 200 Pips !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions
GBP/CADGood day, gbp/cad analysis, the rising wedge is still entered. We are waiting for the break to be corrected and will be selling opportunities in the long term.
GBPCAD on the way upGBPCAD formed H&S pattern on H4. It might still in the movements on the way upward to test the 2nd previous resistance and the price indicates, too. Maybe can find buy set up for intraday or scalping while in the move to the resistance.
GBPCADGBPCAD is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is also the 50% fib retracement level and local support as well. if the market successfully sustain this bullish confluence the next leg high could be 1.6850
GBPCAD I Downtrend continues with bearish implosionWelcome back! Let me know your thoughts in the comments!
** GBPCAD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
Daily Wave Rider - GBPCAD - SELLGBPCAD
Channel: RED
WK Pivot: RED
AOB: EMA10
CON: SBB
SELL Stop: 0.62878
Stop Loss: 0.63518
TP01: 0.62238
TP02: 0.60958
DWR present as a sell setup on 24 OCT, with Channel and Pivot are red bouncing off EMA10
However, trade is not taken/considered
SPX500: SELL
DXY: UNSURE
OIL: BUY
GOLD: BUY
GBPCAD: Neutral but pay attention to the breakout.GBPCAD is on a neutral 1D technical outlook (RSI = 54.553, MACD = -0.005, ADX = 25.095) as the price has been ranged between the 1D MA200 and the S1 level (1.65600) for the majority of October. If it closes a candle over the 1D MA200, we will buy and target the R1 level (TP = 1.73300), since the 1D MACD is already on a massive Bullish Cross. Until that candle close though, due to the neutral technicals, we are selling to the S1 level (TP = 1.65600). Low risk on both ends.
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