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Gbpcadanalysis

GBPCAD New Analysis ,Dont miss this big move!Hello Fellow Traders, Here is a Full DAILY Mapping Analysis For GBPCAD. HIGH IMPACT NEWS TODAY! TRADE SAFE! The Best way to follow my Analysis is if the following conditions apply. Conditions - 1. Wait for the Market to Show you some Rejection / Confirmation / Direction 2.Wait for confirmation(Price Action Confirmation Aka . Pinbar , Bullish or Bearish engulfing / Break of structure Aka Support Or Resistance) 3.Do your Own analysis! (Draw Trend Lines / Support & Resistance Zones / SND ) 4.Always Use Risk Management (Risk 1% of your capital) 5.Entry Should be Made on The 4H Timeframe (Only if you have Confirmation) 6.Trade at own risk. 7.Show some support Below (Like , Comment , Follow & share) Let Me know if you have any Questions or Comments Below Happy Trading & Goodluck! See You in the next Analysis! Global Fx Education
Short
by Global_Fx
3
GBPCAD - BEARISH BIAS===== MARKET OUTLOOK ===== GBP - BEARISH 1️⃣ Rising tensions between the UK and EU over the Northern Ireland protocol pressured the GBP. 2️⃣ Ongoing concerns that the opening of the UK economy could still be delayed due to the implication of the Delta variant of the coronavirus, which reported to be around 40% more transmissible. CAD - BULLISH 1️⃣ Vaccination rates in Canada remain extremely high, and the government's decision to postpone second doses could prove to be a very effective tactic ahead of the summer. 2️⃣ The Bank of Canada says that the economy will recover strongly following the increasing vaccination program against COVID-19. This could indicate that the Bank of Canada will be tapering at its July meeting. ===== TECHNICAL ===== - We're shorting #GBPCAD on SBR level + SMA50 area + pivot point level on H1. ===== RISK TO THIS TRADE ===== This trade will hit stop loss if Brexit issues positive.
Short
by MonsunAsia
GBPCAD - BEARISH BIAS===== MARKET OUTLOOK ===== GBP - BEARISH 1️⃣ Fears that a COVID-19 variant, first found in India, could delay the next phase of the reopening on June 21. CAD - BULLISH 1️⃣ A ramp-up in global vaccination efforts and a strong economic recovery could push the loonie higher. 2️⃣ The Canadian central bank is expected to keep its current guidance on interest rate hikes starting in the second half of 2022. 3️⃣ Rising oil prices underpinned the CAD. 4️⃣ Canada's economic growth in the first quarter remained robust. ===== TECHNICAL ===== We're shorting this pair on SBR level + SMA 50 area + Pivot point level on H1 chart.
Short
by MonsunAsia
GBPCAD | Perspective for the new week | Follow-upAfter moving over 400pips since our last publication on this pair (see link below for reference purposes), the price continued to find lower lows as it Breaks down of CA$1.71500 thereby making the Breakout on the 19th of April a false one (a feat recognized by the plunge in oil price). The Supply zone around CA$1.71000/1.72000 zone emphasizes the selling pressure at this juncture in the market as the Bears continue to hunt down the weekly lows. A rebound in oil prices coupled with the release of better-than-expected domestic Retail Sales figures appears to have prompted fresh "selling" as Loonie appears to regain her dominance in the nearest future. Tendency: Downtrend ( Bearish ) Structure: Breakdown | Supply & Demand | Channel Observation: i. Connecting the lower highs and lower lows of price with parallel trendlines since Jan 2021 depicts a downward trend and emphasize the prevailing direction of price action. ii. The latter part of last month (Apr 2021) witnessed a successful Breakdown of CA$1.715000 (Demand zone) - a level that held price "supported" for 43 days. iii. Following the Breakdown of CA$1.71500, we saw price reject this zone multiple times in the last 17days to confirm a Supplication zone @ CA$1.71000/1.72000. iv. In this regard, below Key level II @ CA$1.70800 shall be a yardstick for selling opportunity in the coming week with the aim of completing the Channel... Trade consciously :) Trading plan: SELL confirmation with a minimum potential profit of 300 pips. Risk/Reward : 1:6 Potential Duration: 8 to 14 days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry