GBPCAD bearish continuation #GBPCAD SELL
ENTRY = NOW at 1.72100
SL = 1.72300 (-80 PIPS)
TP = 1.69600 (+250 PIPS)
Gbpcadforecast
GBPCAD BUY SWING TRADE OPTIONGBPCAD provide a good setup of buy, price earlier go bullish and than it retraces down but still respect the level. So buy at the current price and target the high would be a good option. but we have to manage risk properly.
This is not financial advice. It is just an idea and market can go in the opposite way aswell.
GBPCAD BUY SETUPAs we can see this pair is falling since 24 24 December 2020 in a down channel. Now we will long at support level. Because 2 Trend lines and strong support at from 1.71748 to 1.71991.......
GBPCAD SellThe price level is about to hit the supply zone as well as it's starting to cross the UPPER Bollinger Band. Plus, there is a merging triangle trend. The price is expected to reverse its direction and keep decreasing for the next month or so.
GBPCAD Rejection From Here... BULLISH Continuation!!!Great opening from GBP pairs, we were expecting some sort of BEARISH opening to this week candle before further BULLISH movement. As of now, GBPCAD managed to retrace all the way to 50% fib level (also a support level @1.7068). I will be expecting a rejection from here to continue its upward movement, minimally testing the resistance level @1.7250 area. Definitely, I see a potential of it reaching 1.7400 if that resistance level break. There will be 2 entries we can consider now. First entry will be at the current price while second entry will be at 38.2% fib level (also a resistance level @ 1.6990).
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GBPCAD BUYING FROM KEY LEVEL !!AS we can this has just reached @ strong support zone
so we are planning to buy this pair from support zone with a small risk and looking for higher rewards
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GBPCAD Push lower to 1.68100 handleHi
Third trade, you lot must be in my good books lol
Here you go be careful 50 pips bro
Cba
too EASY sometimes
Saif
GBP/CAD Technical Analysis
As we suggested earlier in our premium analysis, the counter has formed a bearish flag formation.
It has now broken down with a strong volume candle.
Hence, we expect the pair to move down to lower support levels.
GBPCAD | Perspective for the new weekBreakdown of CAD1.73500 during the week is a sign that the loonie risk a further decline in the latter part of the year... GBP/CAD exchange rate falls even as we anticipate the re-introduction of Covid-19 Tier System
Tendency: Downtrend ( Bearish )
Structure: Trendline | Supply & Demand | Breakdown
Observation: i. Price did not respect Trendline (Neckline) to Breakdown both the Trendline and Support level on the 27th of Nov. 2020.
ii. Looking forward to a correction in anticipation of a further decline in the following week(s) as 1.73500/1.73000 becomes a new zone for Supplication.
Trading plan: SEL confirmation with a minimum potential profit of 300 pips.
Risk/Reward: 1:4
Potential Duration: 2 to 5 days
NB: This speculation can be considered to make decisions on lower timeframes.
Watch this space for updates as price action is been monitored.
Risk Disclaimer:
Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
GBPCAD - Short sell opportunity ready NOWGBPCAD now is at the top of H4 pennant structure. Whats interesting here, is it reach this area with structural approach while forming multi TF ascending channel structure. Its usually signaling for a turn to the downside from this area targeting up to the bottom of the pennant structure.
I’ve already set my sell entry with sl above the pennant structure trendline. Lets see how this pair will play out..
GBPCADWelcome back guys
Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
GBPCAD in a trend channel path, I think there will be chance for a sell entry because its touched the resistant line in the up trend
STOP LOSS 1.74500
ENTRY POINT 1.73000
TAKE PROFIT1 1.72500
TAKE PROFIT2 1.71500
TAKE PROFIT3 1.71000
Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts.
The information given is not Financial Advice.
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Wish you luck guys
GBPCAD Selltouch athe long term downtrend and the static resistance zone and we can see a small divergence in macd.
let's see what happens....
GBPCAD SELL OPPOTUNITYAs we see, there can be another decrease for GBPCAD in 4h timeframe, as it has touched the top of two channels as the same time, shown in the idea, if it breaks up that point there would be a pullback and huge increase tho.
GBP/CAD Technical Analysis
The counter is currently in an ascending formation.
It has hit the upper parallel which also coincides with a rejection zone.
Hence, we expect the pair to retreat to lower levels from here.
Gbpcad - Analysis4 hour trend and structure is bullish, we will be waiting for the price to retrace and the we will look for confirmations to enter.
GBPCAD Resistance Flipped to Supportafter breaking falling wedge price is above resistance
price successfully close above the resistance and flipped the resistance to support
use small position risk is high
