GBPCAD bearish continuation #GBPCAD SELL
ENTRY = NOW at 1.72100
SL = 1.72300 (-80 PIPS)
TP = 1.69600 (+250 PIPS)
Gbpcadanalysis
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.
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GbpcadGood luck to you!
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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.
GbpcadWait for confirmation before entering into any trade.
Good luck to you!
Don't forget to like and share, it really helps.
Follow for more.
This is just an idea, not financial advice.
GBPCAD Rejection From Here... BULLISH Continuation!!!Great opening from GBP pairs, we were expecting some sort of BEARISH opening to this week candle before further BULLISH movement. As of now, GBPCAD managed to retrace all the way to 50% fib level (also a support level @1.7068). I will be expecting a rejection from here to continue its upward movement, minimally testing the resistance level @1.7250 area. Definitely, I see a potential of it reaching 1.7400 if that resistance level break. There will be 2 entries we can consider now. First entry will be at the current price while second entry will be at 38.2% fib level (also a resistance level @ 1.6990).
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GBPCAD BUYING FROM KEY LEVEL !!AS we can this has just reached @ strong support zone
so we are planning to buy this pair from support zone with a small risk and looking for higher rewards
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GBPCAD Push lower to 1.68100 handleHi
Third trade, you lot must be in my good books lol
Here you go be careful 50 pips bro
Cba
too EASY sometimes
Saif
[SHORT TERM] GBPCAD: Buy Opportunity Till Resistance Level!!!This will be a short term trade opportunity. I will be expecting a short term retracement from GBPCAD minimally till the resistance level and will be looking to hold the position if price level breakout of that level. For now, I see a good retracement opportunity till 50.0 fib level.
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GBP/CAD Technical Analysis
As we suggested earlier in our premium analysis, the counter has formed a bearish flag formation.
It has now broken down with a strong volume candle.
Hence, we expect the pair to move down to lower support levels.
GBPCAD short to 1.72700I had a short bias from before, given that this is a non major pair. It is more respected of technical patterns.
Saif.
BEARISH POTENTIAL ON GBPCAD - RETEST?Hi Guys,
This week we have this move on GBPCAD on our watchlist, Price has broken bearish on the 4hr as we can see. Price met a point of resistance ( roof of price) after its previous up move and is currently strongly sitting at point of support showing further bearish potential. We should look for a potential pullback to the broken point of previous support and now resistance. And if price does retest this zone, we may see the bears dominate this move.
