GBPCAD SELL ANALYSISPrice has retested the resistance zone thrice and failed to break
Price has broken out of the channel and retested our resistance
Upon retest we are starting to see a decline in price value
Gbpcadanalysis
GBPCAD Down Trend.!#GBPCAD Looking for Sell trade setup as I mentioned in the Chart.!
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Look at the LTF for opportunities!Hi Traders,
GBPCAD has been moving withing a larger structure for quite some time. Looking at the lower time frames, we can definitely see some opportunities that may fit our trading plan!
Ensure your rules are met before entering.
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Gbpcad wait for aproch supply zone then we enter sellGbpcad wait for aproch supply zone then we enter sell we need to wait for approaching supply zone then we confirmation in 15 TF then we enter sell long term
GBP/CAD SHORT SELL OPPOTUNITY NOW..
💹GBP/CAD ⏬SELL @ 1.72283 ((Scalping Trade))
✅TP-1# 1.72048
✅TP-2# 1.71488
⛔️SL 1.72857
N.B-ITS WAVE CORRECTION ENTRY AND SO USE SMALL LOT PLZ.
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GBPCAD ShortWaiting for a small pull back on GBPCAD to 1.72800 and then sell off to support at 1.69200
GBP/CAD 4HR BUY AND SELL SET UP???Hi TRADERS this is my trade set up for the GBP/CAD for the new week ahead
GBP/CAD We have two scenarios a possible breakout of the very strong resistance area and if it does break out will be a nice strong move higher, next scenario we get a good rejection of the resistance level and we take a sell
clean crisp charts I hope it helps if you have any questions please private message me
good luck for this weeks trading
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GBPCAD Approaching Key LevelGBPCAD is approaching the 2022 High made on Jan 6th. Price action around this level should determine the short term direction for us to jump in.
A breakout above this level could give us a nice risk/reward trade to follow the trend and ride it up to the next key level of resistance, an area that seemed to see a magnetic effect followed by reversals a number of times in 2021 (5+ times depending on how you measure this).
Alternatively, the Jan 6th high will be a level a large number of traders will be watching and price is starting to look a little overextended.
This previous high could easily act as resistance and see a nice reversal. Price has been respecting an upward trendline and trading steadily above the 20 SMA/EMA, but price has seen a couple of spikes toward this high followed by quick rejections, and momentum for GBP appears to be weakening, as can be seen in the Currency Meter indicator where average GBP RSI is decreasing.
An aggressive short entry would be a close below the rising trendline. With closes below the SMA/EMA being more conservative short entries.
If price reverses I expect to see a temporary pullback not a full reversal, with expectation of a higher low on the Daily.
Overall I'd be happier to see a reversal and take a short, but I'll be watching price action and will jump into a long if we see a strong push and hold above the previous high with broader strength from GBP and broader weakness from CAD on the Currency Meter.
shortH₄ Support turned to a strong resistance ( SR FLIP) and in 15 min TF market shift has been initiated, so now we wait for price to reach the resistance, and we sell as indicated on the chart via short RR tool. We expect a fall of 200 pips.
Trading Idea Regarding GBPCADThis pair is going to bullish right now
Technical Analysis:
1-Break Out Range 4hour Time Frame
2-Break out Downtrend line 4Time Frame
3-Break out Strong Resistance on Daily Time Frame
4-Moving towards top of the range on weekly time frame after retesting previous resistance level
Sentimental Analysis:
1-USDCAD has broken the downtrend line and is adopting bullish behavior (CAD weakness)
2-CADJPY retest the falling resistance and new lower low is expected(CAD weakness)
GBPCAD ShortWaiting for GBPCAD to break out our bearflag (correction leg) and break support of 1.70100 before we get into the sell. Price has bounced at this level so we stay patient and wait for the break
GBP/CAD 4HR BUY CHART FALLING WEDGE Hi TRADERS this is my trade set up for the GBP/CAD
GBP/CAD on the break of falling wedge take a buy only
This is my analysis only please trade with caution and risk management in place
clean crisp charts I hope it helps if you have any questions please private message me
good luck for this weeks trading
please follow like and comment thanks
GBP/CAD 4HR SELL SET UP Hi TRADERS this is my trade set up for the GBP/CAD for the new week ahead
i am expecting a pullback into the order block zone and will be looking for a SELL trade only if it meets your criteria for a trade then execute
This is my analysis only please trade with caution and risk management in place
good luck for this weeks trading
please like and comment both are welcome
Long GBPCAD From the Marked ZoneGBPCAD has Overextended to the downside, may see a pullback from the marked zone. Expecting a 80-100 pips move. The marked zone is highlighted as region of high volume cluster. May wait to see a good price action and a bullish divergence on MACD on 1hr timeframe. Take Proper Risk. Best of Luck!
GBPCAD ShortGBPCAD finally broke for us and confirming our sell bias. Waiting for another chance to short once we get a break below the support of 1.71000. Then we can scale in a 4th position with 0 risk
GBPCAD Inverted Head & Shoulder Pattern#GBPCAD Hello everyone, and welcome to my TradingView profile, my name is TRADiNG_Club_ and today I am going to analyze #GBPCAD a full technical analysis on 15 Min. timeframe using a translation of market information While doing so, let me give you a personal opinion about it. The next most likely market movement and helps you find and manage market opportunities.
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GBPCAD Short IdeaConfluences
- Break of structure
- Smart Money Technique
- Divergence
- Support & Resistance Flipped Zone
- Approaching QM level for optimal trade entry
GBPCAD GBPCAD 1day/candle chart review. trading in defined long-term range, currently trading near range lows. 6860/6880 heavy support levels, BULLS will take from there. expecting reversal / re-test of 7650. BUY/HOLD EXIT 7650. TP1 BULLS +500 pips TP2 BULLS +750 pips. final TP BULLS is 7650. 6880 fresh demand zone, 7650 fresh supply zone.
GBPCAD ShortGBPCAD closed the weekly as a lovely pinbar, we are still long term bullish as with our previous analysis and this hasn't changed considering the monthly still closed bullish however we believe there will be a correction down before we see it close higher next month potentially. We are waiting for a correction up and a rejection off the level specified before taking trade.
R:R = 1:3:1
GL.
GBPCAD: Hold or FallWill this pair hold the previous resistance or collapse through it?
The supply rejection was strong but we still need to cross back over the EQH's if we have a chance of falling lower.
I have illustrated what I would like to see, I will leave updates below.
Traders, if you have your own opinion about this idea, write in the comments section, I always reply.
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