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Gbp-cad

GBPCAD on a short move 🦐GBPCAD on the daily chart is moving inside an ascending channel. The market recently broke and retested the lower trendline and soon will test again the support structure. IF the price will break and close below the daily structure we can set a nice short order according to Plancton' s strategy. ––––– 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.
Short
by InkyGrip
8
GBPCAD - DAY TRADE VIEWGBPCAD - Going into a downward sloping lower lows, I am expecting a more slide down. My approach will be a sell here at current price 1.71790 Maintain stop loss around 1.72050 Target 1.71350 - 1.70950 Follow the levels as mentioned above. Traders, if you liked this idea hit the like button & write in the comment section. Why you should follow this tradingview account ? Managed by top most renowned trader - Pulak Priyesh 10 + years of trading experience Professional Day trader Excellence award winning mentor Professional chart, clear chart without junks. Major S/R levels with inner insights Frequent Day & Swing trade levels All major and minor FX/INDICES covered Thanks !!
Short
by Professor_GS
GBPCAD - DAY TRADE VIEWGBPCAD - It's taking a support at this level, seems like a reversal is awaiting. My approach will be a buy around 1.71800 Maintain stop loss around 1.71600 Potential upside target 1.72400 Follow the levels as mentioned. Traders, if you liked this idea hit the like button & write in the comment section. Why you should follow this tradingview account ? Managed by top most renowned trader - Pulak Priyesh 10 + years of trading experience Professional Day trader Excellence award winning mentor Professional chart, clear chart without junks. Major S/R levels with inner insights Frequent Day & Swing trade levels All major and minor FX/INDICES covered Thanks !!
Long
by Professor_GS
GBP/CAD Trade Setup / Top-Down Analysis🔸 TRADE IDEA EXPLANATION: . . 🔸Price broke the Ascending Trendline but could not stay below. Instead, it did a bullish move and broke the Resistance Zone. . 🔸Now, as we can observe, it is making a throwback to the broken Resistance Zone (Now Support Zone). We consider that this pair has bullish potential towards the Resistance Zone. . 🔸There is a bullish corrective structure (triangle pattern), where we are waiting for a breakout to take long positions. Inside of the triangle, we can count an ABC move, and as we know, the symmetrical triangles are formed by ABCDE structures. Due to that, we are waiting for a completion of the pattern. . 🔸 Our entry price is above the breakout of the B leg, and our take profit is at the Resistance Zone. The stop loss is placed below the structure, and, the break even level, is at the yellow line. 🔸4H CHART ANALYSIS:
Long
by ThinkingAntsOk
1
GBPCAD - DAY TRADE ROADMAPGBPCAD - It's looking weak only on hourly chart, I have drawn a path for today's move, My approach will be a short sell in the range 1.72150 - 1.72250 Maintain Stop loss around 1.72400 Potential downside target 1.71600 Follow the levels as mentioned. Traders, if you liked this idea hit the like button & write in the comment section. Why you should follow this tradingview account ? Managed by top most renowned trader - Pulak Priyesh 10 + years of trading experience Professional Day trader Excellence award winning mentor Professional chart, clear chart without junks. Major S/R levels with inner insights Frequent Day & Swing trade levels All major and minor FX/INDICES covered Thanks !!
Short
by Professor_GS
GBP/CAD Bullish Analysis🔸 DAILY CHART EXPLANATION: . . 🔸Price broke the Ascending Trendline but it could not stay below. . 🔸We consider that this pair has bullish potential towards the Resistance Zone in the long term. . 🔸In a lower timeframe, a breakout of the previous lower high can be appreciated. We are waiting for a retest of that zone before considering a bullish trade. . 🔸 Will look for a lower timeframe bullish setup. 🔸4H CHART ANALYSIS:
Long
by ThinkingAntsOk
1
Bearish Harmonic May Resume to Complete A Bigger Formation....I actually took this trade last week when I saw a harmonic setup while cruising the charts. This harmonic may still be respected this week. Scaled up to the daily and saw what looks like a giant inverse head, neck, and shoulders forming. So TPS are based on both the harmonic and when the move may be complete. BEAR TPS: • 1.72928 • 1.71914 • 1.70498 BULL TPS: • 1.73973 • 1.74797 • 1.76834 Trades that are still active until all bull/bears TPS hit… EURCAD XAUUSD GBPJPY
by NikaJourney