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Gbpcadanalysis

ALERT: GBPCAD SELL Trade Just TriggeredUpdate on the SELL trade idea from the beginning of the week we rallied straight through the 1.60 level deep into the SUPPLY/SELL zone between 1.60-1.62 without seeing any SELL signals on my custom indicator. Today we have just got a 12 hour SELL signal and have now entered the position with a STOP loss above the SUPPLY/SELL zone and will target the 1.56 area previous swing high in current trend taking profit and trailing stop as price goes down. Please refer to related post to understand the position as well as going through my posts you will see that these setups regulary make several hundred pips easily. If you enjoy my posts please boost and follow
Short
by TheFxAce
4
GBPCAD: Waiting for REVERSAL CLUES!Hello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the GBPCAD, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities. Top Down Technical Analysis: At the end of October, the market double topped on an important swing, reversing impulsively for more than 600 pip. At that time, we were looking for a bearish correction, trying to targeting the low swing at about 1.5100. Eventually the market, before reaching that point, started correcting with a deeper structure and it has currently reached a minor swing high at 1.56800, which it could hold and reverse the market, completing the structure and potentially dropping to the downside. When, where and why would we step into the market? The second swing high of the LTF structure is not completed and confirmed yet, so more confluences are needed before thinking about a short position. However, if the market will reverse during the next few trading sessions, breaking the little structure within structure marked on the chart, a bearish movement till the level 1.5300 and 1.5100 (target 2 after more correction), is definitely a possible scenario. If you enjoy this trade idea, please support our work with a thumb up and don’t forget to follow our social medias! Sincerely, Cybernetics Trading Lab DISCLAIMER Please note the views are not investment advice and should be used only for educational purpose.
Short
by Cybernetics_tl
20
GBPCAD SELL IDEAHello Traders!! We have been looking at GBPCAD for some days after it gave us a clear bearish CHOCH on the higher timeframes and we changed our bias from long to short. Now having that in mind we sought out for the best selling point for this pair using our classical supply zones to spot the area. Hence this was what informed us for a clear bearish approach to sell the market from this particular point. Cheers!!!! UNDER COVER TRADING Swing Trading Simplified
Short
by Undercover_Trading
GBPCAD: A potential MARKET REVERSALHello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the GBPCAD, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities. Top Down Technical Analysis: In our previous forecast, we were looking for a long entry considering the overall bullish price action after a strong sharp impulse lasted for more than 1000 pip. The price then reached its previous swing high, reversing and continuing to the downside. In HTF we can see a double top and a rising wedge, which together usually are a potential reversal pattern, because most of the time it reflexes a market condition of weakness. In LTF as well, few LTF confluences are forming as a bearish impulse and a little head and shoulders on the top of the structure. When, where and why would we step into the market? The current market condition looks very interesting for a short position! Before entering the market we would be waiting for a correction after the breakout of the main structure (which is happened just a couple of trading sessions ago!) The main reason to be waiting for this confirmation is related on the fact the after a strong impulse, usually the market needs a breath, correcting and retracing. The market, as well, could just continuing dropping or potentially reverse without giving clues! In this scenario the trading idea will be invalidate and no action will be taken on this market! If you enjoy this trade idea, please support our work with a thumb up and don’t forget to follow our social medias! Sincerely, Cybernetics Trading Lab DISCLAIMER Please note the views are not investment advice and should be used only for educational purpose.
Short
by Cybernetics_tl
20