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GBPCADRetest and enter at the completion of the retest for a long.
Possible entry @ 1.70549
SL: 1.70057
TP1: 1.71654
TP2: 1.72970
GBPCAD H4. This Analysis Based On Price Action Theory.We Have an Analysis Of GBPCAD H4. This Analysis Based On Price Action Theory.
According to Multiple Analysis, We Can See That the market have a strong 💪🏻 bearish pattern
As well as price decline from the previous Resistance. for this we have to new Target( support) @1.71000 & @1.70000
For more confirmation you can see that super trend, Bollinger Bands they all are indicated bearish patterns
I Request to All Before The Trade You Also Match You're Analysis With As If You're Set up Match Then You Can Trade.
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shivamfx Technical Team
Note- Please Take Only Two ✌️ 2% Risk On Given Analysis
Possibly Bullish Continuation From The Weekly ChartThis pair looks like it's going bullish overall. Looks pretty strong on the weekly and that we were in the middle of creating a new higher high at the end of the week. So will play it out as it goes.
BULL TPS:
• 1.72830
• 1.73012
• 1.73672
• 1.74321
BEAR TPS:
• 1.71558
• 1.71184
• 1.70498
• 1.69323 (only if weekly zone is broken)
GBPCAD Top-Down AnalysisHello Traders,
Here is the Top-Down Analysis of GBPCAD (Monthly, Weekly, Daily for direction and 4H for entry) for
Week 41 - 05 Oct
M > Market is moving in a well respected horizontal structure (of course with minor breakouts). Price had dropped to monthly support in middle of the structure, faced rejection and moved up.
W > On its way down price created an M formation and as expected price moved up to test the neck.
D > Price has been creating HH and HL on its way up. It created a W formation and dropped till neck to complete the formation.
As per COT GBP saw closure of Long and addition of major short positions bringing net position to -ve, whereas N-R saw closure of both Long and Short, Commercials saw addition of Long and closure of Short. BXY was weak for the said week but it improved its position last week. CAD saw closure of both Long and Short positions, N-R saw addition of Long and Short positions and Commercials saw closure of both Long and Short, confirming weakness of CAD for the said week. CXY gained strength last week.
4H > Price is not able to move above the resistance created by the neck. We need to wait for its break for confirmation of bullish move.
Pair Correlation: GBPCAD has positive correlation with GBPAUD, GBPCHF, GBPUSD and GBPNZD and negative correlation with EURGBP..
This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section you can share your view and ask questions.
Thank You
AP17FX
GBPCAD Pure LongThis looks safe a nice channel + symmetrical triangle formation (clear on lower timeframes) good confirmation for a long position . Easy 30 - 50pips catch
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.
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
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GWBFX
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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