GBPCAD: Pullback From Key Level 🇬🇧🇨🇦
Hey traders,
GBPCAD dropped to a key daily demand area.
On that the price formed a double bottom formation on hourly time frame.
With its neckline confirmed bullish breakout I expect a pullback.
Intraday supports:
1.735
1.74
❤️Please, support this idea with like and comment!❤️
Gbp-cad
GBP/CAD:RANGE AREA / SUPPLY AND DEMAND ANALYSIS / NEXT TARGET🔔 Welcome back Traders, Investors, and Community!
Check the Links on BIO and If you LIKE this analysis, Please support our Idea by hitting the LIKE 👍 button
Traders, if you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this.
Feel free to request any pair/instrument analysis or ask any questions in the comment section below.
Have a Good Day Trading !
GBPCAD Technical Analysis
⏳ Forex
💎 GBPCAD has got rejected several times from a significant resistance. It has also formed an Ascending Triangle which is expected to break below the Support and goes lower.
🏁 Short & Medium Term
💵 Invest Only 2% of your Portfolio
🎳 Entry at market or 1.75400
☕️ TP1 1.74620
🍺 TP2 1.73900
🍻 TP3 1.73000
🍾 TP4 _______
🍷 TP5 _______
🍸 TP6 _______
🍹 TP7 _______
🎁 TP8 _______
🚫 SL 1.76250
Good Luck 🎲
Check the Links in Description and If you LIKE this analysis, Please support our page and Ideas by hitting the LIKE 👍 button. ❤️ Your Support is really appreciated! ❤️
Traders, if you have your own opinion about it, please write your own in the comment box. We will be glad for this.
Feel free to request any pair/instrument analysis or ask any questions in the comment section below.
We will have more FREE forecasts in TradingView soon
Have a Profitable Day
Don't miss the strong SELL opportunity for GBPCADHello traders,
GBPCAD pair is gonna test a STRONG Trendline & a Strong resistance zone ( of rectangle ) which will make the pair move DOWN STRONGLY .
It's not a Financial Advice.
EURUSD double bottom formation (low risk high reward setup)EURUSD had a support around 1.1704, if you look at the daily time frame which it broke this week and almost tested 1.1660 mark.
On the hourly chart there is a double bottom chart formation and a multi days trend breakout confirmation as well. So I am expecting a bullish run following week on this market to 1.18 level.
Trade Safe!
GBPCAD - DAY TRADE VIEWGBPCAD - I am expecting a good up move in this pair from the current price, Momentum seems to be in buyers favour.
Go for buy at current price 1.74000
Potential up move 1.74900
Maintain Stop loss around 1.73600
Follow the levels properly as mentioned and use proper risk management.
Traders, if you liked this idea hit the like button & write in the comment section.
GBPCAD | SEEMS LIKE A GOOD BUYING OPPORTUNITYHey Traders,
Moving averages are moving nicely towards the upside, with a bullish engulfing candle as confirmation.
It could bounce back off the higher timeframe downtrend, but once it does I believe if we get another confirmation a re-entry could also be possible.
GBP/CAD:BULLISH SWING FIBO 61.8% PROJECTION|UPTREND|LONG SETUP🔔Welcome back Traders, Investors, and Community!
Check the Links on BIO and If you LIKE this analysis, Please support our page by hitting the LIKE 👍 button
Traders, if you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this.
Feel free to request any pair/instrument analysis or ask any questions in the comment section below.
Have a Good Day Trading !
💡Don't miss the great sell opportunity in GBPCADTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (1.7338).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GBPCAD is in a downtrend, and the continuation of the downtrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 32.
Take Profits:
TP1= @ 1.7266
TP2= @ 1.7239
TP3= @ 1.7188
TP4= @ 1.7145
TP5= @ 1.7094
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
💡Don't miss the great sell opportunity in GBPCADTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (1.7338).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GBPCAD is in a downtrend, and the continuation of the downtrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 32.
Take Profits:
TP1= @ 1.7266
TP2= @ 1.7239
TP3= @ 1.7188
TP4= @ 1.7145
TP5= @ 1.7094
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Long on GBPCADHello, my fellow traders hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into it.
As we can see, the price given a breakout and done its retest.
Let us know your views on this in the comment section. Thank you all.
There is good news for our followers. We will be analyzing on-demand.
So let us know which pair you want our analysis on, and we will get it for you. Do like and follow us.
GBPCAD: Indecision & Two Scenarios Explained 🇬🇧🇨🇦
Hey traders,
GBPCAD is approaching an important daily resistance cluster.
Depending on the market reaction to that structure I see two potential scenarios:
Bullish
In case of a daily violation (daily candle close above) of a yellow zone,
I will expect a bullish continuation to 1.75 level.
Bearish
In case of a bearish breakout of a rising parallel channel on 4H,
a pullback will be expected to 1.72
(note that if the price will go above the underlined yellow resistance, the setup will be invalid)
Wait for the needed breakout & follow the market!
❤️Please, support this idea with a like and comment!❤️
GBPCAD facing bearish pressure| 2nd July 2021GBPCAD approaching horizontal swing high resistance in line with 50% Fibonacci retracement and 78.6% Fiboancci retracement. Prices might push down towards horizontal swing low support in line with 78.6% Fibonacci extension . If prices continue to push up, prices might face resistance from 78.6% Fibonacci retracement and 161.8% Fibonacci extension . Ichimoku cloud is also above prices, showing a bearish pressure for prices.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.