Gbpcadanalysis
GBPCAD RoadmapGBPCAD potentially to down for +300 pips if the seller manages to push the price to the 1.6930 support level, we need to wait for price rejection to occurs before placing any sell order.
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SHORT GBPCADGood entry for the short on GBPCAD. GBP fundamentals show weakness. Technicals confirm this.
GBPCAD Analysis 28/09/2020 -- UpdatePrice broke support and created a resistance on smaller timeframes allowing us to enter sells, we secured our entries at 12 pips and moved stops to BE, price then retraced and would be in heavy drawdown if we didn't secure our profits. So overall we won the trade and managed it to perfection to ensure we didn't get caught out in that retracement.
GBPCAD Analysis 28/09/2020We are in a decent sized range on the hourly, a break of resistance along with the formation of support on lower timeframes can lead to price reaching the next resistance, it would be moving through a 35 pip clean range. However if we break support, we have a 30 pip range to fall through before tapping into the next support, however resistance needs to form first. Two options are available here.
GBPCAD Price broke the Resistanceprice above resistance and ready to make new support if hold we are moving higher
waiting for retest of the zone
GBPCAD 15 MIN SELL @ DIPS !!!we are selling this pair as we see a weakness in pound
and rejection from this trend line now going to retrace to a strong support zone
if break that it will fall more till our tp-2
guys if you like the idea ur big tanks is just like
GBP/CADHello traders, a breakout of the wedge pattern will give us a good long entry. Take profit 1.7141 FX:GBPCAD
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GBPCAD Analysis. What to expect???As of now, I am seeing a nice BULLISH opportunity for GBPCAD. We witnessed 2 rejection off 1.6985 price level signaling to us that BEARISH strength is weakening. Not only that, looking at price action BEARISH candles are not showing any form of BEARISH continuation. I will expect to see a 50.0 fib level retracement as of now where we can see price movement moving towards the ichi cloud. As of now, I am seeing a LONG opportunity but do look out where price heads towards ichi cloud. No direction is confirmed as of now till we see a clear breakthrough or price rejection off that level.
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Weekly Key Level SetupThis pair is currently in a multi-day 4hr range and sitting on top of a weekly zone around 1.70366. A weekly zone means a large push whichever way the market chooses (I hope it continues up). So let's enjoy this week's move. Hopefully this is the week it performs a breakout.
BULL TPS:
• 1.70968
• 1.71684
If it breaks the daily zone….
• 1.72830
• 1.73672
BEAR TPS:
• 1.68864
• 1.68433
• 1.67685
• 1.66399
GBP/CAD... SHORT!After a big fall price had to correct before continuing heading down.
Once this expanding ascending channel breaks, expect bears to come in. Selling Pressure!
GBPCAD SHORTGBPCAD has Successfully Broken and Retested a trendline, Also Respecting my Daily 38.2 fib level... 1st TP is at 1.68000. Slightly above the next Support.
GBPCAD / LONGI see price bouncing off of the weekly trendline and it appears to be forming a wedge
If it looks good ill take a long on this pair and await a breakout
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.
