GBPCAD..daily view..-GBPCAD is runing in daily ascending triangle with overall weekly down trend.
-Strong resistance level ahead .
-Waiting for the reaction with that level to decide which team with take the upper hand...be safe...
GBPCAD
gbpcadWell, let's see if between Friday and Monday we can carry out this operation. As always, a market order and one a little higher. In the graph you have put the prices.
Bueno, vamos a ver si entre el viernes y el lunes podemos sacar adelante esta operativa. Como siempre una orden a mercado y una un poco más arriba. En el grafico teneis puesto los precios.
GBPCAD: Bears Will Push Lower
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the GBPCAD pair price action which suggests a high likelihood of a coming move down.
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GBPCAD Will Go Lower! Short!
Please, check our technical outlook for GBPCAD.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 1.676.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.670 level soon.
P.S
Oversold describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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GBPCAD: Overbought Market & Local Short 🇬🇧🇨🇦
GBPCAD looks overbought to me.
The market formed a rising wedge pattern and a double top pattern within that on 1H time frame.
Both the neckline of a double top and a support line of the wedge were broken.
It makes me think that correctional movement is coming on the pair.
Goals: 1.6734 / 1.671
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GBPCAD Trading Plan - 20/Apr/2023Hello Traders,
Hope you all are doing good!!
I expect GBPCAD to go Up after finishing the correction.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
✅GBP_CAD TIME TO SELL|SHORT🔥
✅GBP_CAD is trading in an downtrend
With the pair set to retest
The falling resistance line
From where I think bearish movement will continue
SHORT🔥
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GBPCAD - Short active ✅Hello traders!
‼️ This is my perspective on GBPCAD.
Technical analysis: Here we can see that price changed the character and made a retracement to fill the imbalance higher and then rejected bearish order block + institutional mid figure 1.67500. My target is liquidity below equal lows.
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GBP-CAD Falling Resistance Ahead! Sell!
Hello,Traders!
GBP-CAD is going up now
But a local falling resistance
Is ahead so I think that
After retest we will see
A move down towards
The 1.67 level below
Sell!
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Check out other forecasts below too!
GBP/CAD Down trendHey. GBPCAD can retest the resistance and then will move down. This is my idea and thank you!
gbp/cad ANAYLSIS looking at gbpcad here knowing that we have some high impact news events that will be coming out in 1 hour
i am setting some sell and buy orders (pending at Main 1-4 hour support / resistances confirmed with either a bullish or bearish engulfing order blocks...
trading is risky and you can loose 100% of your trading account, please manage and master risk management before you ever decide to take your first trade!!
Disclaimer -- past profits don't guarantee future results, i am not a financial advisor and this is not financial advice!
selling by market now using 0.25% risk management and then both pending orders i have for a sell/buy i will risk 0.5% on those pending entries
GBP/CAD +290 Pips And Few Pips Left To Hit Final Target CongratsGBP/CAD +290 Pips And Few Pips Left To Hit Final Target Congrats
GBPCAD, more down side to see?GBPCAD / 4H
GBPCADis trading inside a range until proven otherwise. The price seems to be forming a double top formation.
I'll look to study my sell zone for me down side.
Trade safely,
Trader Leo
GBPCAD, Double top? GBPCAD / 1D
hello traders, welcome back toa nother market breakdown.
GBPCAD is reversing from a double top formation, I'll look to get on the breakout point in case the price pulls back.
Trade safely,
Trader leo.
gbpcad short welcome
here is my gbpcad short setup
market formed a huge W formation on higher timeframes like 4h and was trading the last whole week in an consilidation
now all order are booked so we could see a huge move, i decide to see a short
im thankful to see how this setup plays out
