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Gbpcadanalysis

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
GBP/CAD Can break the supportHello Traders, The GBP/CAD cross seems to be under pressure today. If breaks the structure that supports it with a consequent closure underneath, the support would become resistance. Waiting for a confirmation of the next hourly candle to enter short. It is still being evaluated. On the chart you can see the supports and resistances. If you agree with my ideas put a like and feel free leave a comment to link your trading ideas. Follow me for weekly analysis of swing trading support/resistance , fibonacci retracements, COT data. For informations feel free to contact me. Thanks for your support and let me know what you think! My analysis are for educational purposes only, and in no way represent a solicitation to invest in the financial markets. Compare them with yours and make a decision.
Short
by AidiDuhanxhiu
GBP/CAD DAILY UPDATEHello Traders, We have a complete W pattern on the daily timeframe with a retest where we predicted, at 0.38 fibonacci. In red the resistances in green my TP. SL on sight or on the support. If you agree with my ideas put a like and feel free leave a comment to link your trading ideas. Follow me for weekly analysis of swing trading support/resistance , fibonacci retracements, COT data. For informations feel free to contact me. Thanks for your support and let me know what you think!We have a complete W pattern on the daily timeframe with a retest where we predicted, at 0.38 fibonacci. In red the resistances in green my TP. SL on sight or on the support.
Long
by AidiDuhanxhiu
GBP/CAD - buying opportunity with strong GBP momentumGBP/CAD has been trading within a respected weekly trend channel since Late-2019. The last touch of this trend channel was on the lower boundary with current expectations now that price will return to the upper boundary. Price has been consistently trading above the 50 and 100 DAY EMA and the posting of an extremely bullish weekly candle last week means that we are looking for long positions this week. With the current bullish momentum for the British Pound we are expecting at least a re-test of the strong resistance at 1.7718. If price holds above this level a good secondary target would be 1.8040.
Long
by TheForexFellows