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GBPCAD

gbpcad h8 xabcd advanced entry buy/hold setup🔸Hello traders, let's review the 8 hour chart for GBPCAD. Speculative XABCD in progress, with PRZ/C set at 6880, so expecting more losses in GBPCAD going into early Feb 2024. 🔸XABCD structure is defined by point X at 7240, point A at 6820, point B at 7170, point C at 6890, point D/PRZ at 7360, currently most points validated, point D/PRZ pending in early March 2024 (PRZ/D = 7360) 🔸Recommended strategy for GBPCAD traders: wait for pullback/correction to complete at point C near 6880, buy/hold, SL 80 pips, TP1 +160 pips TP2 +320 pips, final TP/exit at point D/PRZ at 7360. swing trade setup. good luck! 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
Long
by ProjectSyndicate
3
GBPCAD The Target Is UP! BUY! My dear subscribers, My technical analysis for GBPCAD is below: The price is coiling around a solid key level - 1.7006 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 1.7099 My Stop Loss - 1.6963 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
2
GBPCAD Quadruple top on 1D?The GBPCAD pair delivered a solid buy trade last time we analyzed it (October 05 2023, see chart below), easily hitting the 1.71110 Target, on a structure rise: The price is now signaling a bearish call as it has been rejected on the Lower Highs trend-line that started on the July 17 2023 High. This is technically a Quadruple Top if it stays that way and naturally there is strong sell potential behind it. The natural support levels are the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line), the latter of which is trading exactly on the Higher Lows trend-line, which is our first Target (1.6950). If the price closes below the 1D MA200 and Higher Lows trend-line, we will re-short and target the 0.618 Fibonacci retracement level, which is just below Support 1. What makes selling a stronger probability right now is the formation of a 1D MACD Bearish Cross, which has been a sell signal with 100% accuracy for the whole 2023. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
GBPCAD: Your Trading Plan Explained 🇬🇧🇨🇦 GBPCAD is testing a solid rising trend line on a daily. Probabilities are high that we will see a bullish reaction to that. Your bullish confirmation will be a bullish breakout of a neckline of a horizontal range on an hourly time frame. Hourly candle close above 1.7105 will confirm a violation. A bullish continuation will be anticipated to 1.713. If the price sets a new lower low lower close, a setup will become invalid. ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
5
GBPCAD Massive Short! SELL! My dear friends, Please, find my technical outlook for GBPCAD below: The instrument tests an important psychological level 1.7162 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.7089 Recommended Stop Loss - 1.7209 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
GBPCAD Trade IdeaGBPCAD has demonstrated a recent bullish trend, evident on the 4-hour time frame by the development of higher highs and higher lows. The current price swing indicates an imbalance beneath the price, potentially serving as a re-balance target. My approach involves anticipating a retracement into the 50-61.8% fibo zone, creating a favorable discounted entry point. It is essential to underscore that this analysis is intended purely for educational purposes and should not be interpreted as financial advice.
Long
by fxtraderanthony
GBPCAD The Target Is DOWN! SELL! My dear friends, Please, find my technical outlook for GBPCAD below: The price is coiling around a solid key level - 1.7129 Bias - Bearish Technical Indicators: Pivot Points Low) anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 1.7053 Safe Stop Loss - 1.7167 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1