GBP/CAD Giving Excellent Bullish P.A , Is It Will Flying 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.
Gbpcadlong
GBPCAD - Expect retracement ✅Hello traders!
‼️ This is my perspective on GBPCAD.
Technical analysis: Here we are in a bullish market structure from daily perspective, so I am looking for longs. I expect price to make the retracement to take liquidity below equal lows and to fill the imbalance lower and then to reject from bullish order block.
Fundamental analysis: On Friday we have news on CAD, will be released Unemployment Rate which is forecasted to increase, this means weakness in currency. If the result will be as forecasted, for short term we could see bullish price action.
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GBPCHF - Bearish Trend FormationBased on the Relative Strength Index (RSI) indicator, there is currently a divergence present. Once the first LL (lower low) is broken, it would confirm the formation of a bearish trend. I plan to enter a short trade with a 1:1 risk/reward ratio.
Please note that this is my personal analysis and trade plan, and it is important for you to conduct your own research and risk management strategies before making any trading decisions.
GBPCAD Trading Plan - 20/Apr/2023Hello Traders,
Hope you all are doing good!!
I expect GBPCAD to go Up after finishing the correction.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
GBPCAD - Short active ✅Hello traders!
‼️ This is my perspective on GBPCAD.
Technical analysis: Here we can see that price changed the character and made a retracement to fill the imbalance higher and then rejected bearish order block + institutional mid figure 1.67500. My target is liquidity below equal lows.
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GBPCAD showing strong upside since break of W FormationW Formation formed on Daily where the price broke up above the brim level.
7>21>200 - bullish
RSI>50
Target 1.7364
SMC:
When the price broke above the neckline, it then came down to retest the support (touching Sell SIde Liquidity) This is where Long stops were triggered and shorts were activated by dumb money. Smart money swept the liquidity and bought into it, which is resulting in major upside to come.
GBPCAD - Short active ✅Hello traders!
‼️ This is my perspective on GBPCAD .
Here we can see that price took buy stop liquidity and mitigated bearish order block. I expect bearish price action for medium term perspective and my target is the imbalance lower.
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GBP/CAD Creating New Higher Low, Can We Catch This New One ?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.
GBPCAD | Elliott Wave Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
The way I told you, you have to trade like this and you will have more profit always and you will not be a loss.
GBPCAD - Long after filling the imbalance ✅Hello traders!
‼️ This is my perspective of GBPCAD .
Here we are bullish from H4 timeframe perspective, so I am looking for longs. I see price to fulfill the imbalance lower and then to reject from institutional big figure 1.63000.
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A move higherOn the daily, we noticed the price was rejected on the 50% fibs level, meaning that price needs to reach at least the -27.2% level as a target. On the 1H time frame, there is an Ignored Accumulation, RBR. SO the best thing to do is to wait for a FB (First time back on the decision point created when price broke the previous sell ZOne. Importantly if there is a creation of Price approaching then, the long setup will be validated.
This is not a financial advice.. And most importantly, make sure to use good money and risk management.