Potential gartley on gbpcad Currently seeing Gcad in an accumulation phase from B to C leg which I’m ideally looking to take shorts from C to the harmonic kill zone
Paytience pays
Letting the market setup the play
CADGBP trade ideas
GBPCAD I Long opportunity from bottom of the channel Welcome 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.
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Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
GBP/CAD BULLS ARE STRONG HERE|LONG
Hello,Friends!
GBP/CAD pair is trading in a local uptrend which know by looking at the previous 1W candle which is green. On the 9H timeframe the pair is going down. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 1.742 area.
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GBPCAD is BearishA matured bearish RSI divergence on four hourly time frame is playing out as the price has broken previous higher low and printed a lower high. If bears remain in control we could see further downside in price action. Targets are mentioned on the chart.
SELL IDEA GBP/CADWe can expect a sell reaction from the specified resistance zone. Because there is another untested supply zone above this zone, an entry trigger is required.
GBP/CAD Potential ShortHi Traders.
We see this pair is getting more and more bearish.
We see clear impulse and correction phases.
Right now we are in a smaller correction, when we see a breakout from the current structure
we can expect more bearish movement
GBP_CAD NICE BREAKOUT|SHORT|
✅GBP_CAD is going down
And the pair broke the
Key horizontal level of 1.3750
And the breakout is confirmed
So we are bearish biased
And we will be expecting
A further move down
SHORT🔥
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BULLISH SCENARIOIn our previous analysis, we anticipated a triangle correction but the market went for a clear Zig Zag, we think that the correction is done and ready for the uplift. Until then, we're bullish on this instrument.
GBP-CAD Bearish Breakout! Sell!
Hello,Traders!
GBP-CAD broke the key
Horizontal level of 1.7354
Which is now a resistance
And the breakout is confirmed
So we will be expecting a
Further move down
Sell!
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GBPCAD continuation of a developing down trendPrice action on this pair is very similar to what I see in AUDNZD, I have already posted about that (see link attached).
Here too I am expecting a small retracement, either to the nearest resistance (1.7330) or the 50-61.80% retracement area. I will be monitoring PA if this happens on a lower t/f to find some bearish evidence. Target can be above the next support as shown on my chart.
This is not a trade recommendation, it is just my analysis.
You should be aware that trading carries a high level of risk, so only trade with money you can afford to lose. Anything can happen in the markets at any time. Please use sound money and risk management if/when you trade.
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Buying GBPCAD on the H3 chart. Capturing a harmonic pattern on GBPCAD we can see the IM cloud behind it and a few levels of support. I think this will hit both TPs by Aug 19th 2024 gaining almost 400 pips.
GBPCAD About to test the 1D MA50. Sell opportunity.The GBPCAD pair is on the latest Bearish Leg of the underlying Channel Up (blue) pattern and is about to test the 1D MA50 (blue trend-line) for the first time since May 14. Once the 1D MA50 breaks, we expect a continuation of the Bearish Leg all the way to the bottom (Higher Lows trend-line) of the Channel Up.
Since 2023, -2.66% to -3.08% pull-backs have been common on this pair. As a result, we are looking towards the minimum -2.66% decline, which gives us a Target of 1.71500 and will make a technical Higher Low on the Channel.
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💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
#forex #GBPCAD #Eliot#GBPCAD
#Sell
#4h
#Eliot #supply_zone
#The end of Elliott's fifth wave with the following confirmations:
Price reaching the supply area.
Divergence in the RSI indicator
Int:1.75765
Sl:1.76888
Tp1:1.73398 #r/r=1/2
Tp2:1.70100 #r/r=1/5
GBPCAD: Bullish Forecast & Bullish Scenario
The strict beauty of the chart is a reflection of the fierce eternal battle between the bulls and bears and right now I can clearly see that the bulls are taking over so we will bend to the will of the crowd and buy too.
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GBPCAD - New BREAKOUTHi Traders !
Wednesday 5 June, The GBPCAD Reached a strong resistance level (1.76267 - 1.75382).
Presently, The Price Broke the support level (1.74484 - 1.74776).
The support level becomes a new resistance level !
So, I Expect a bearish move 📉
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TARGET: 1.73670🎯
GBPCAD Price will most likely take out the Eql. tap into the DZ. collect Liquidity and continue its upward direction.
Heading into 50% Fibonacci resistance?GBP/CAD is rising towards a resistance level which is a pullback resistance which aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 1.75140
Why we like it:
There is a pullback resistance level which lines up with the 50% Fibonacci retracement.
Stop loss: 1.75979
Why we like it:
There is a pullback resistance level.
Take profit: 1.73398
Why we like it:
There is a pullback support level.
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Trading Signal: GBPCAD Movement AnalysisWe are issuing a Buy signal for the GBPCAD currency pair. Our entry price is set at 1.74323. The Take Profit is positioned at 1.74561667, while the Stop Loss has been marked at 1.74048667.
Justification: This forecast is based on our advanced analysis using the EASY Quantum Ai strategy. We have identified several key factors influencing this movement. Firstly, the recent economic indicators in the UK have shown stronger growth compared to Canada, suggesting a potential appreciation of GBP against CAD. Secondly, our technical analysis indicates bullish momentum with moving averages pointing upwards and strong support at the Stop Loss level of 1.74048667.
Furthermore, geopolitical stability in the UK versus ongoing uncertainties in Canada over trade policies and oil price volatility supports our Buy decision. The EASY Quantum Ai strategy has a strong track record for accurately predicting such movements, giving us high confidence in this trade setup.
Always remember to manage your risk and adjust your trading size according to your risk tolerance and portfolio strategy. Happy trading!
GBPCAD (20/21-06-2024)Good evening Traders.
I hope everyone is having a lovely week!
Well let's get to it shall we...AUDCAD has played as anticipated and now we are waiting for GBPCAD to also give us a better entry as we are anticipating a bullish run to a least previous HH.
Our bias is very simply, the market is Bullish on HTF and current structure is also bullish so after taking out previous HH and forming a new HH we do expect the market to respect order flow by simply pulling back to discount levels to form a HL then continue with the overall trend.
As highlighted on the chart, i am looking for a little bit push mitigating our POI and also our Fib levels before we try to reach for previous swing Highs
"Don't forget to remain consistent with your rules and trading plan"
Thank You
GBPCAD SELL, 4hrGBPCAD was very bulling the past weeks but maybe the momentum has ended. As we see on the chart from a technical setup.
The are may things that influence the charts to move a certain direction. But GBPCAD has reached a very strong weekly high at 1.76000 and lost buying momentum and changed direction. Since the pair was in an uptrend we should have a reversal pattern and have a Head & Shoulder which tells us that sellers are about to be in control. But a break below 1.74060 should confirm sell opportunities.
