GBPCAD, Reaching Significant Resistance, sellGBPCAD, Reaching Significant Resistance and the price action tells its falling down! watch out friends!
Gbpcadanalysis
GBPCAD Consolidating... Short Opportunity!!!GBPCAD failed to breakout 1.7473 resistance level with price level moving sideways for now. I see it testing the support level @1.7253 price level, also where my moving average is at. If it breaks through this level, we should expect a BEARISH continuation with a huge downside potential. As of now, I am BEARISH for GBPCAD. Short term Trading Opportunity!!
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GBPCAD is waiting for proper entry GBPCAD was going up since long and then it breaks all its previous resistance zones and started melting. It has probability of falling down for more 100-200PIPS. Thanks for staying with ANALYTICA team. Stay connected to get more ideas with explanations.
GBPCAD, Price Action Pointing Upwards, LongGBPCAD price action tells further advance,!
+Strong Support
+Strong Trend line
+ Price action pointing above
GBPCAD | Perspective for the new weekMy last publication successfully predicted 500pips in our direction (see link below for reference purpose) and it is now obvious that the GBP/CAD has seen the movement of price caught within a uniform range sandwiched in between CA$1.76000 and CA$1.68000. Since the beginning of the year, GBP/CAD has been trending lower as it appears to have found a new Supply zone @ CA$1.74000.
A better oil outlook in the new year continue to support the Canadian Dollar as an increase in oil production might stimulate market demand hereby boosting the Canadian currency.
Tendency: Downtrend ( Bearish )
Structure: Channel | Supply & Demand
Observation: i. Since June 2020, the price has respected the Flat Channel with no signs of Breaking the Supply zone as we continue to find Lower Lows.
ii. The new Supply zone found @ CA$1.74000 shall be a yardstick to maintain the Bearish bias in the coming week(s).
iii. This been said, a significant Breakout of CA$1.75000 might render this bias invalid... Trade consciously!
Trading plan: SELL confirmation with a minimum potential profit of 450 pips.
Risk/Reward : 1:3.5
Potential Duration: 7 to 15 days
NB: This speculation can be considered to make decisions on lower timeframes.
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.
gbpcad buy entryHello there, i am expecting gbpcad to continue dropping until my level where we shall see heavy bullish movement of which we shall enter and hold until our target mark.
Good luck!!
GBPCAD Strong Buy Signal: 12-01-2021Good Morning Traders. Once Again I bring you my trading idea . If you like my idea please like and share.
We are seeing GBPCAD bounce off the the 50 period moving average which also happen to be at the support level. My prediction is that we are most likely to see this pair push up to near the resistance level
Go long at 1.7307
Take profit at 1.7438
Stop loss below the recent swing low 1.71716
GBPCAD Reached Demand Zone...GBPCAD managed to make a 61.8% fib level retracement after the BULLISH movement. Now, we start to see BULLISH candle forming as price head towards the demand zone. I am expecting some BEARISH pressure as price level is currently in this demand zone. As of now, I will be looking for a short opportunity to the support level @1.7068. Having said that, we can potentially a BEARISH movement all the way down to 38.2% fib level.
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📢GBP/CAD SHORT Potential intraday trade setup 🚨Hello traders 👨💻
This pair is looking bearish ,We have just had a correction. I will enter a short on a lower timeframe with great R/R. This pair is on the watchlist 👀👀 I hope you like the analysis, if you do please drop a like or leave a comment, I love all the feed back 💯 💙
GBPCAD bearish continuation #GBPCAD SELL
ENTRY = NOW at 1.72100
SL = 1.72300 (-80 PIPS)
TP = 1.69600 (+250 PIPS)
GBPCAD LONG - PRICE REJECTING CHANNEL AND SUPPORT LEVELGBPCAD is currently testing a strong area of support and is also testing the lower channel of a descending channel. We have to reject this area on the H4 timeframe and we could be seeing a swing to the upside now for the pair to breakout of the channel and create some new highs at 1.75000 if we start to see some more GBP strength come into the markets.
If you have any questions just drop a comment :)
GbpcadGood luck to you!
Don't forget to like and share, it really helps.
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This is just an idea, not financial advice.
GBPCAD BUY SETUPAs we can see this pair is falling since 24 24 December 2020 in a down channel. Now we will long at support level. Because 2 Trend lines and strong support at from 1.71748 to 1.71991.......
GBPCAD SellThe price level is about to hit the supply zone as well as it's starting to cross the UPPER Bollinger Band. Plus, there is a merging triangle trend. The price is expected to reverse its direction and keep decreasing for the next month or so.
