Gbpcadanalysis
GBPCAD - Expect retracement ✅Hello traders!
‼️ This is my perspective on GBPCAD.
Technical analysis: Here we are in a bullish market structure from daily perspective, so I am looking for longs. I expect price to make the retracement to take liquidity below equal lows and to fill the imbalance lower and then to reject from bullish order block.
Fundamental analysis: On Friday we have news on CAD, will be released Unemployment Rate which is forecasted to increase, this means weakness in currency. If the result will be as forecasted, for short term we could see bullish price action.
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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.
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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.
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 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
GBPCAD Short SetupGBPCAD did a fakeout rejecting major resistance/downtrend line with a bearish engulfing on 4H , so i decided to open a short here , price also broke minor ascending trendline, volume slowed down near resistance, and we also got some bearish divergences on local top, i expect to price go down until our major Ascending Trendline.
GBPCAD : Short Trade , 1hHello traders, we want to check the GBPCAD chart in the 1-hour time frame. After breaking the upward trend line, the price is moving in a downward channel. After breaking the previous floor, the price has pulled back towards it again. It plays a resistance level and the price continues to fall until the specified targets. Good luck.
GBPCAD sell Entry : 1.66838
Stop : 1.67714 , Target1 : 1.65962 , Target2 : 1.65086
Risk/Reward Ratio : 2
GBPCAD ShortGBPCAD rejected major resistance with a bearish engulfing on 4H , so i decided to open a short here with half size , price also broke minor ascending trendline, consolidating a bit now, volume slowed down near resistance, and we also got a Bearish divergence on RSI on 4h timeframe, i expect to price go down until our major Ascending Trendline. High Risk High Reward.
GBPCAD : Short Trade , 4hHello traders, we want to check the GBPCAD chart in the 4-hour time frame. After moving in an upward trend, the price has reached the key level of 1.68500. This level played the role of a resistance level for us and the price could not break this level and caused The price has fallen and the trend line has been broken. We expect the price to fall to the specified price targets that will be mentioned below. Good luck.
GBPCAD sell Entry : 1.68156
Stop : 1.68911 , Target1 : 1.67320 , Target2 : 1.66647
Risk/Reward Ratio : 2
GBP/CAD At Very Interesting Sell Area,300 Pips At Least To CatchThis 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.
GBPCAD Potentially Aggressive Sell-Off Coming Massive sell-off expected at the break out of the key level.
We look at multiple time frames, and the pair remains bearish
long term despite this aggressive bullish pullback. We take to
Take into consideration multiple time frames when asses the
probability of a trade and not focus on a single time frame.
GBPCAD - Short active ✅Hello traders!
‼️ This is my perspective on GBPCAD .
Here we can see that price took buy stop liquidity and mitigated bearish order block. I expect bearish price action for medium term perspective and my target is the imbalance lower.
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