GBPCAD bullish signal ✔️Guys I would recommend you to look for a confirmation in a lower time frame
before you open long
Gbp-cad
GBPCAD on the 0.5 levelGBPCAD after touching the resistance at 1.75 area retraced back until the 0.5 fib level over an ascending trendline.
The price couldn't break below and if the price will break and close above the 4h resistance we can set a nice ling order according to Plancton's strategy.
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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 - SWING - 26. NOVE. 2020Welcome to our weekly trade setup ( GBPCAD )!
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1 HOUR
Bearish price action!
4 HOUR
Closure and pressure below main sr level.
DAILY
Overall bullish market about to turn..
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FOREX SWING
SELL GBPCAD
ENTRY LEVEL @ 1.73370
SL @ 1.74040
TP @ 1.72350
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
GBP CAD SELL (POUND STERLING - CANADIAN DOLLAR)Hi there. Price is forming a continuation pattern to the downside. Watch strong price action at the current levels for sell.
GBPCAD ANALYSISGBPCAD rebounded from daily major downtrendline
Pair rejected from upper edge of up channel
Pair is based below key level at 1.7360
MACD shows negative divergence
RSI broke uptrend
It's expected for coming strong bearish movement to target HVN at level 1.7186
gbpcad short setupaccording to wyckoff theory it has created UT phase(uptrust) and in distribution process.
market is top of the trendline and rejecting 1.735.
gbpcad has also made lower low after rejecting the trendline.
very high RR trade.
GBPCAD is approaching support | 12 Nov 2020Price is approaching support where we can see a bounce above this level.
GBPCAD - SHORTALL ANALYSIS ARE MADE USING ONLY PRICE ACTION, NO INDICATORS. MULTIPLE TIMEFRAMES ARE INVOLVED BEFORE TAKING A TRADE.
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GBPCAD - Potential rejection of resistance confluence 🔽GBPCAD is approaching the confluence of the minor ascending channel resistance and the major pennant resistance.
Potential price rejection of this confluence ⬇️.
GBPCAD - Potential breakdown 🔽GBPCAD is rejected the long term resistance level.
RSI printed a bearish divergence signal.
The market is consolidating in pennant chart pattern.
Sell entry - breakdown below the pennant support + previous low ⬇️.
Sell confirmation - breakdown of RSI rectangular pattern support.
GBP/CAD Waiting for a Bearish Breakout🔸DAILY CHART EXPLANATION:
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🔸Price broke the Major Ascending Trendline.
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🔸It has been consolidating on the edge for a couple of months.
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🔸If there is a bearish breakout, we consider that the potential bearish move can reach the Support Zone at 1.6600.
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🔸Will look for a lower timeframe bearish setup if that breakout happens.
Down trend in GBPCADToday, the positions we are looking for must be with a stop and control our risk as soon as possible.
Today's possibility is related to the downlink channel in which the GBPCAD of H1 is located.
We have lower peaks and lower bottoms. We expect a correction and decline to 1.7022.
It is good to make the entry after confirmation before the line of resistance.
Successful trading!
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GBPCAD .. Bearish .. D1
The triangle pattern is formed and after hitting the resistance 3 times, it starts moving towards the support.
GBPCAD TO SELL (CAD GDP NEWS AFTER AFFECT)GBPCAD is currently going for a sell, which price has reached the Daily's high around the overlap session. The CAD's news of GDP occurred on Friday, which we are seeing a sell now.
TP: 1.722 OR BELOW
GBPCAD - DAY TRADE VIEWGBPCAD - Trading close to the upper band of a parallel channel , stiff resistance is there, expected to come down.
My approach will be a selL below 1.72900
Maintain stop loss around 1.73250
Potential downside target 1.72400 - 1.72000
Follow the levels as mentioned in the chart & description above
Trade as per your risk appetite, I will be glad to see your likes & comment.
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GBPCAD ANALYSISGBPCAD retested broken downtrendline
Price is based above support level at 1.7144
Above SMA 100
Above HVN at level 1.7070
MACD shows weakness in bearish momentum
RSI is above level 50
We r waiting price to exceed key level to open long trade
It's expected for coming bullish movement to target resistance level at 1.7550
