Gbpcadanalysis
GBPCAD analysisLet us see how the 1H chart will react to its current downward channel and then we will decide on wether go short or long. Stay tuned.
GBPCAD - BEARISH BIASGBP - BULLISH
1️⃣ Investors dumped riskier assets and turned to safety amid renewed concerns about US-China relations after President Trump banned transactions with Chinese tech group Tencent and with the owner of TikTok ByteDance, citing a threat to national security.
2️⃣ Bank of England left monetary policy unchanged, saying Britain's economy will take more time to recover from the pandemic-induced recession than initially thought.
CAD - BULLISH
1️⃣ Oil prices jumped to its highest since March amid a massive decline in crude oil inventories and hopes for a fresh US stimulus package.
2️⃣ Unemployment rate in Canada fell more than expected to 10.9% from 12.3% previous.
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Technical
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- We short on break on support level to become SBR level + SMA50 area.
- GBPCAD in bearish zone.
GBPCAD, daily timeframe, 5th wave of Elliott Wave (2nd)Hello my friends,
Previously i have analyzed GBPCAD and managed to enter exactly on the 38,2 fibonacci retracement of wave-3.
I entered exactly on fibonacci 38,2 retracement because the 4th wave usually only retrace around 23,6-38,2 fibonacci retracement.
For those who didn't entered GBPCAD on my 1st entry, there is a possibility to enter again here at 1.7450
Buy GBPCAD 1.7450
Stop loss 1.7300
Take profit 1 @ 1.7675
Take profit 2 @1.7875
Disclaimer: I've been buying GBPCAD from 1.7395 and still holding
Good Luck
GBPCAD, TIME TO MOVE.**ENG**
- Price reaching our reversal zone, we are expecting some consolidation or even a reversal from this area.
**PT**
- Preço a alcançar a nossa zona de reversal, estamos à espera de um reversal ou então alguma consolidação neste nível.
GBPCAD LONGGbp pairs have been pretty bullish these last weeks and they been serving pips 🥰 They all seem to be pulling back at the moment. There may be an opportunity to enter a long position, if we get the signal. Bullish flag 1hr and 4hr and bullish divergence on 1hr.
Will update if I enter.
GBP/CAD: Full Prediction With 3 Entries Available Watch Now 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.
GBPCAD Buy Trade Setup for Intraday/Swing TradeGBPCAD Buy Trade Setup for Intraday/Swing Trade
Please manage your risk. Use Stop loss. And do not take blind entries.
If you have a question let me know. If you want to analyze any pair let me know.
This is just an idea. What we see.
The Market can go in the opposite direction, what we analyze. So we have to manage our risk and adopt the situation accordingly.
Update on GBPCAD short trade +300 pipsHey guys, this is the update on GBPCAD short trade that I forecast on July 31. Check that forecast below. Please hit like if you guys like my analysis and follow for more analysis. Thanks.
GBPCADChart analysis GBPCAD on the 4 Hours time frame.
If you want update on GBPCAD analysis, Kindly follow and like.
GREEN - TAKE PROFIT
YELLOW - ENTRY
RED - STOP LOSS
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GBPCAD, daily timeframe, 5th wave of Elliott WaveHello my friends,
Today i noticed some good setup from GBPCAD. Previously this pair make an inverted shoulders head pattern and then push straight to the upside for 700 pips in 2 weeks.
I tried to fit some fibonacci tools into it and count the waves according to Elliot Waves principle. Surprisingly, it looks like this pair just finished with the 4th Wave.
Wave-4 is the shortest wave and usually it stopped at 38.2 fibonacci retracement.
We could possibly see wave-5 from this point onwards and usually it ends at 127% fibonacci retracement of Wave-4
Wave-4 could never touch the area of Wave-1 so we could use stop loss a little below Wave-1. In this case, my stop loss is at 1.7200
Buy GBPCAD 1.7395
Stop loss 1.7200
Take profit 1 @1.7675
Take profit 2 @1.7870
GBPCAD ON THE VERGE OF A REVERSAL?!**ENG**
- Price breaking our consolidation box and is now heading for a retest, we are expecting more downside after this same retest, wait for an entry confirmation before entering, look at the lower timeframes (such as 15min).
**PT**
- Preço a quebrar a nossa box de consolidação e está de momento a caminho de efetuar um retest, estamos à espera de um drop maior este mesmo retest, o ideal será aguardar por uma confirmação de entrada em timeframes inferiores (assim como 15min).
GBPCAD Bearish Retracement Trade Opportunity!!!Currently, we are looking at GBPCAD potential breakout of the trend line giving it a BEARISH trade opportunity to range between 61.8 fib level and 1.7258 support level. This will be an important point to note as we also see a potential breakout from middle band giving it a bearish strength to test the lower band. As of now, I will be bearish on GBPCAD and will like to see a breakout from here or else I will be looking at 1.7670 resistance level to enter a short position.
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GBP/CAD will go lower next week💡Hello traders,
Hope you all have a fantastic day !
I would appreciate any likes and follows from this idea, that would encourage me to publish more ideas and analysis.
GBP/CAD has been rejected from strong resistance area and now will go lower to test horizontal support line.
Let us know what you think about this idea.
Trade safe !
