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Gbpcadforecast

GBP/CAD could move UP!Hey tradomaniacs, GBP/CAD could create more bullish momentum with the break above the marked up resistance and the current correction. Keep in mind that market can be shaky due to ECB and FED Monetary Policy Meetings this week. Also look at correlations with OIL and CAD before you consider to buy. ;-) LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Long
by Trading2ez
4
GBPCAD H1 SHORT PRICE ACTION FORECAST A steadfast bearishness is under control of this pair. The seller pressure should rest before it continues the downward movement towards the previous support level. A healthy pullback for the downtrend continuation will give further confirmation, and it allows the placement of a short entry. The order: Type: sell-limit S/L: 55 pips - R:R | 1:3 - T/P: support level -- *** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
Short
by OGFXTRADER
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. ===== Technical ===== - We short on break on support level to become SBR level + SMA50 area. - GBPCAD in bearish zone.
Short
by MonsunAsia
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
Long
by HayatoDragonFX
GBPCAD H4 LONG PRICE ACTION FORECAST -UPDATE-After the double top spotted from D1, the price action has been under a healthy correction. After the capturing of the bearish movement where the T/P is about to get hit allows the setup of a long entry to ride the upward momentum back to the previous swing high. A buy setup is placed with the following features. The order: Type: buy-limit S/L: 87 pips - R:R | 1:4 - T/P: previous high -- *** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
Long
by OGFXTRADER
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
Long
by HayatoDragonFX
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).
by Wevesting
GBPCAD H4 SHORT PRICE ACTION FORECAST The pair has been trading within a channel from a broader look (W1). Price has tested the resistance level from the structure. Now, it should move downward to complete the next leg towards the channel's support line. At H4, the price could not form a new fresh high, signaling the bearish pressure. After the current strong bearish candle, a pullback towards the recently broken support zone from the previous consolidation should be tested to trigger a short entry. The order: Type: sell-limit S/L: 77 pips - R:R | 1:2.3 - T/P: Fib level 0.5 as reversal point. -- *** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
Short
by OGFXTRADER