Gbp-cad
GBPCAD will break the 1.73 🦐GBPCAD on the 4h chart bounce on the support at the 1.73 area and retrace exactly over the 0.382 Fibonacci level.
According to Plancton's strategy if the price will break below we can set a nice short order.
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Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.
• ⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
GBPCAD approaching a key level. Short swing or long swing?after the successful GBPCAD short, now we reached the first major daily trend line.
Between today till wednesday we will see whether we break and retest it or we bounce off it. Either way there are a lot of pips that we can grab!
As of right now both Pound and Cad dollar are showing a lot of strength so it's a good sign when we see the continuation or the reversal.
Feel free to tell me what you think!
GBPCAD: SELLBased off of higher time frames, we can see that there is more Bearish integrity left in GBPCAD for this week.
Drawing a fib from high to low (November 29, 2015 to August 18, 2019), we can see that that there is a clear support level of 1.722206 .
A great entry for Bears this week is right around 1.74876 . Expect take profit levels at 1.72206 .
Once this takes place, we can expect some Bullish opportunities in this month.
GbpCaD to gold and break up 1.74... if not more bear
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Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared.
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GBPCAD 4H SELL down trendline GBPCAD 4H SELL down trendline Opportunity price hits resistance and then continues down and is located in the supply zone, the price is lower than the ema.
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If you have another analysis on this pair, please share it in the comments.
Good luck
GBPCAD at the end of a retracement 🦐GBPCAD is retracing inside a channel. The price bounce over an ascending daily trendline and now consolidating below the resistance area.
According to Plancton's strategy if the market will break above and the conditions will be satisfiede we can set a nice long order opportunity
–––––
Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.
• ⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
GBPCAD OFF TO A GOOD START!A solid week setting up here at forexinsightsuk. We've entered a couple of trades this morning, all which will take a little time to play out but this is by far one of our deepest running live trade at the moment. GBPCAD has started melting with our analysis and is currently sitting around +30 pips in profit.
We will update all our positions and entries as we go through the week.
For now we're going to patiently sit, wait and watch our trades make progress as we go into the evening.
Happy Monday guys, and good luck.
GBPCAD - SWING - 25. FEBR. 2021Welcome to our weekly trade setup ( GBPCAD )!
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1 HOUR
Bearish price action.
4 HOUR
Market turned bearish, expecting more downsite.
DAILY
Overall good market structure, looking for more pressure.
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FOREX SWING
SELL GBPCAD
ENTRY LEVEL @ 1.76830
SL @ 1.77410
TP @ 1.75820
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
Reversal at GBPCADHere we have an interesting opportunity from a reversal candle on D1
Yesterday GBPCAD closed very strongly down, leaving a long queue at the top before that.
In this way he managed to absorb the day before.
Viewed on the H1 chart, this represents a break of the upward trend.
At the moment we can expect a correction and test of the resistance levels, after which we will see new downward pressure.
The next serious support is at 1.7593!
If you have questions about how to trade this or another situation, contact us!
To support us, like and comment!
💡 Don't miss the great sell opportunity in GBPCADTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.7785). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. GBPCAD is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 46.
Take Profits:
TP1= @ 1.7650
TP2= @ 1.7585
TP3= @ 1.7480
TP4= @ 1.7350
TP5= @ 1.7185
SL: Break Above R2
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💡 Don't miss the great sell opportunity in GBPCADTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.7785). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. GBPCAD is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 46.
Take Profits:
TP1= @ 1.7650
TP2= @ 1.7585
TP3= @ 1.7480
TP4= @ 1.7350
TP5= @ 1.7185
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 trader?
Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️