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Gbpcadanalysis

GBPCAD short idea..GBPCAD like most GBP pairs is signaling a drop soon. Price has been downtrending on H4 before breaking out of the trendline, and forming a short uptrend. We also have retracement up to 50%. A break out of the ascending trendline and CP (Corrective Pattern) will confirm my entry. Again, on the monthly, like all GBPXXX pairs, this pair is downtrending as well. Sooner or later this will end up back at the peak low again. Just a question of time when this will happen.
Short
by Faizxn_ah
GBPCAD - BEARISH BIASGBP - BEARISH 1️⃣ Latest jobs report showed the UK unemployment rate rose to 4.1% as the number of people being laid off rose at the fastest pace since the financial crisis. 2️⃣ Investors remained cautious ahead of a Bank of England's policy meeting on Thursday on rising expectations of negative interest rates. CAD - BULLISH 1️⃣ Traders’ risk appetite was boosted by optimism about the resumption of AstraZeneca’s coronavirus vaccine trials. 2️⃣ WTI crude futures rose amid a weaker dollar and concerns over supply disruptions in the US Gulf of Mexico as Hurricane Sally approaches the region. ===== TECHNICAL ===== - We are looking to short this pair on SBR level + SMA100 area on H1 chart. - GBPCAD on bearish zone.
Short
by MonsunAsia
GBPCAD BULLISH TRENDHI, I THINK THAT GBP/CAD COULD BE HEADED TOWARD THE UPSIDE. THE PRICE IS OVEREXTENDED TO THE DOWNSIDE = RETRACEMENT/BULLISH TREND START. THE CANADIAN DOLLAR IS ALSO PRETTY WEAK SINCE THE BEGINNING OF JULY & I THINK THAT THE BRITISH POUND WILL REGAIN POWER THIS WEEK. THE H12 DEMAND ZONE IS ALSO LOCATED ABOVE A STRONG DAILY SUPPORT, THAT'S WHY I THINK TO WE COULD SEE A NICE MOVE TO THE UPSIDE FOR THAT PAIR. ON THE COMMITMENTS OF TRADERS REPORT, INSTITUTION ARE LONG ON GBP & SHORT ON CAD. CORBEAU
Long
by Corbeau_FX
Bearish Harmonic May Resume to Complete A Bigger Formation....I actually took this trade last week when I saw a harmonic setup while cruising the charts. This harmonic may still be respected this week. Scaled up to the daily and saw what looks like a giant inverse head, neck, and shoulders forming. So TPS are based on both the harmonic and when the move may be complete. BEAR TPS: • 1.72928 • 1.71914 • 1.70498 BULL TPS: • 1.73973 • 1.74797 • 1.76834 Trades that are still active until all bull/bears TPS hit… EURCAD XAUUSD GBPJPY
by NikaJourney