GBP/CAD BEARS ARE GAINING STRENGTH|SHORT
Hello,Friends!
GBP/CAD pair is in the uptrend because previous week’s candle is green, while the price is obviously rising on the 9H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.721 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
✅LIKE AND COMMENT MY IDEAS✅
GBPCAD
GBPCAD SELL | Idea Trading AnalysisThe price has recently reached a strong resistance zone, noting previous sell-offs in that area. It appears that we may see more sideways movement
GBPCAD is near the resistance, where price dropped before.
We expect a bearish move from the confluence zone.
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GBPCAD
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
GBPCAD SELL | Idea Trading AnalysisThe price has recently reached a strong resistance zone, noting previous sell-offs in that area. It appears that we may see more sideways movement
GBPCAD is near the resistance, where price dropped before.
We expect a bearish move from the confluence zone.
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity EURJPY
I still did my best and this is the most likely count for me at the moment.
-------------------
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
GBP/CAD At Very Important Res Area , Short Setup Ready 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.
Canadian CPI Today, British CPI Tomorrow#GBPCAD EASYMARKETS:GBPCAD
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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, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Heading into pullback resistance, could it reverse?GBP/CAD is rising towards the pivot and could potentially reverse to the 1st support.
Pivot: 1.7340
1st Support: 1.7234
1st Resistance: 1.7407
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
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, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
GBPCAD WEEK ANALYSISHello, traders here is an analysis of GBPCAD next week As you can see the price has been bullish for the past few days and now it is in the resistance zone (green zone) that has been tested multiple times and you can see that the price created an inverted head and shoulders pattern that signals bullish move so now I am going to wait for the price to break the resistance zone then wait for a pullback to the resistance zone then look for bullish opportunities.
GBPCAD DAILY ANALYSIS Hello, traders here is an analysis of GBPCAD next week As you can see the price has been bullish for the past few days and now it is in the resistance zone (green zone) that has been tested multiple times and you can see that the price created an inverted head and shoulders pattern that signals bullish move so now I am going to wait for the price to break the resistance zone then wait for a pullback to the resistance zone then look for bullish opportunities.
GBP-CAD Will Grow! Buy!
Hello,Traders!
GBP-CAD is trading in an
Uptrend and the pair
Broke the key horizontal
Level of 1.7236 and the
Pair is making a local pullback
But after the retest of
The new support we will
Be expecting a move up
As we are bullish biased
Buy!
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GBPCAD Short Trade Setup A #short trade opportunity recently presented itself on the #poundloonie (#GBPCAD) #trading chart 📉.
This is indicated by the #bearish inverted pin bar candlestick 🕯️ pattern just below the 1.72552 horizontal resistance level.
This indicates a rejection of the same level, with potential price move in the downward 👇 ⬇️ direction (#sell).
Sufficient downward momentum should see price dumping towards the 1.69500 psychological level and possibly testing the strength of the 1.69171 horizontal support level.
As always, please apply appropriate risk management.
Happy trading!
#crosspair
GBPCAD ShortOANDA:GBPCAD
This is to some extent a continuation of my last attempt to short the pair, which unfortunately failed. The pair has been consolidating for a while and has formed a triangle. Now, with a valid triangle pattern and bearish divergence, the pair has broken through the support. This presents a great opportunity to short the pair with moderate risk.
GBP/CAD BEST PLACE TO SELL FROM|SHORT
Hello,Friends!
GBP/CAD pair is in the downtrend because previous week’s candle is red, while the price is evidently rising on the 6H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.713 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
✅LIKE AND COMMENT MY IDEAS✅
Falling towards 61.8% Fibonacci support?GBP/CAD is falling towards the pivot which has been identified as an overlap support and could bounce from this level to the 1st resistance.
Pivot: 1.7156
1st Support: 1.7131
1st Resistance: 1.7196
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
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, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
GBP/CAD Made Double Top Pattern , Short Setup Valid Soon !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.
Heading into pullback resistance, could it drop from here?GBP/CAD is rising towards a resistance level which is a pullback resistance and could reverse from this level to our take profit.
Entry: 1.72217
Why we like it:
There is a pullback resistance level.
Stop loss: 1.72899
Why we like it:
There is a pullback resistance level which aligns with the 161.8% Fibonacci extension.
Take profit: 1.71179
Why we like it:
There is a pullback support level.
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