GBPCAD Bearish Breakout!GBP-CAD was trading along
The rising support line but
Now we are seeing a bearish
Breakout so I will be expecting
A bearish move down after
The local rebound !
Gbpcadidea
GBPCAD BUY | Trading AnalysisHello Traders, here is the full analysis.
The completed correction, recovery and formation, continuation of growth. GOOD LUCK! Great BUY opportunity GBPCAD
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GBP/CAD +170 Pips 0 Drawdown , New Entry After D Closure !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
GBP/CAD Gave 1 Hour Ago +50 Pips 0 Drawdown , New Entry Valid !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
This Res Pushed The Price 1000 Pips , Is That Will Happen Again This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
GBPCAD Analysis on 3H ChartGBPCAD: Ascending Channel Offers Bullish Continuation
The GBPCAD pair has been trading within an ascending channel on the 3-hour chart, presenting a classic bullish continuation pattern. The channel is defined by two parallel trendlines, with the upper trendline having touchpoints at 1.7217 , 1.7291 , and 1.7335 , and the lower trendline with touchpoints at 1.7116 , 1.7190 , and 1.7217 .
Key Observations:
Bullish Structure: The ascending channel indicates a steady uptrend with the price making higher highs and higher lows.
Trading Within the Channel: The strategy involves buying near the lower trendline and considering selling near the upper trendline or holding for a breakout.
Volume: Confirm trades with volume, as rising volume on upward moves within the channel reinforces the bullish sentiment.
Trade Strategy:
Entry Point: A pullback to the lower trendline offers a potential entry point, with the recent touchpoint at 1.7217 serving as a key support level.
Stop Loss: A stop loss can be placed just below the lower trendline to protect against a potential breakdown.
Take Profit: Profit targets can be set near the upper trendline, with the recent high at 1.7335 acting as a resistance level.
Risk Management:
Breakout Potential: Be prepared for a breakout above the upper trendline, which could signal a stronger bullish move.
Market News: Stay informed about economic events that could impact the GBP and CAD, as these could lead to increased volatility or breakouts from the pattern.
Trade ideas are speculative and should be used in conjunction with a comprehensive trading strategy and risk management.
This trade idea is based on the ascending channel pattern, which is typically a bullish signal in technical analysis. It’s important to monitor the pair closely for potential breakouts or breakdowns that could signal a change in trend. Happy trading!
GBPCAD Analysis on Weekly Time Frame GBPCAD: Bullish Breakout from Rising Wedge’s Upper Boundary
The GBPCAD pair has made a decisive move by breaking out from the upper trend line of a rising wedge pattern on the weekly chart. This breakout is contrary to the typical bearish exit from a rising wedge and could signal a strong bullish continuation.
Key Observations:
Pattern Recognition: The rising wedge pattern is identified by converging, upward-sloping trendlines.
Bullish Breakout: The breakout above the upper trendline suggests buyers are in control, overpowering the usual bearish sentiment associated with this pattern.
Volume Confirmation: Look for an increase in volume to confirm the bullish breakout’s strength.
Trade Strategy:
Entry Point: Consider a long position following the breakout with confirmation from volume.
Stop Loss: Place a stop loss just below the breakout point to protect against a potential false breakout.
Take Profit: The profit target can be estimated by the height of the wedge at its start, projected upwards from the breakout point.
Risk Management:
Confirmation: Monitor for a potential retest of the upper trendline, which could now act as support.
Market Sentiment: Stay informed about macroeconomic factors that could influence the GBP and CAD currencies.
Trade ideas are speculative and should be used in conjunction with a comprehensive trading strategy and risk management.
This trade idea is based on an atypical breakout from a rising wedge pattern, which usually indicates bearish reversal. However, a breakout above the upper trendline can sometimes occur, especially in strong bullish markets, and may lead to significant upward moves. It’s important to validate the breakout with volume and other indicators for a robust trade setup. Happy trading!
GBPCAD SELLHi fellow traders, GBPCAD looks ready for a drop lower from the blue box after completing the ABC correction. Target the 1.6828 level and move your stoploss to break even as soon as we reach the grey 'risk free zone'. Good luck and trade safe!
GBP/CAD Made A Reversal Pattern , Time To Buy And Get 200 Pips !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
GBPCAD Short Term Buy IdeaH4 - Bullish trend pattern followed by a pullback in the form of double wave down.
Bullish divergence.
Until the two strong support zones hold my short term view remains bullish here.
GBPCAD Analysis(➡️RR=2.00)🏃♂️ GBPCAD is moving near 🟡 Potential Reversal Zone(PRZ) 🟡and 200_SMA(Daily) .
🌊Regarding Elliott Wave theory , GBPCAD is completing the Expanding Flat(ABC/3-3-5) corrective structure.
💡Also, we can see Regular Divergence(RD+) between two Consecutive Valleys .
🔔I expect GBPCAD to rise to at least the 🔴 Resistance zone(1.715 CAD-1.700 CAD) 🔴 after breaking the Resistance line .
British Pound/Canadian Dollar ( GBPCAD ) 4-hour time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
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GBPCAD Trade IdeaGBPCAD has demonstrated a recent bullish trend, evident on the 4-hour time frame by the development of higher highs and higher lows. The current price swing indicates an imbalance beneath the price, potentially serving as a re-balance target. My approach involves anticipating a retracement into the 50-61.8% fibo zone, creating a favorable discounted entry point. It is essential to underscore that this analysis is intended purely for educational purposes and should not be interpreted as financial advice.
GBPCAD - Looking To Buy Pullbacks In The Short TermH4 - Strong bullish momentum.
Bullish trend pattern.
Until the strong support zone holds I expect the price to move higher further after pullbacks.
GBPCAD 15/01Pair : GBPCAD ( British Pound / Canada Dollar )
Description :
Completed " 12345 " Impulsive Waves and " ABC " Corrective Waves and making its Impulsive Waves. Bullish Channel as an Corrective Pattern in Short Time Frame wait for Rejection or Breakout. Strong Divergence in RSI
GBPCAD SELL | Day Trading AnalysisHello Traders, here is the full analysis.
Watch strong action at the current levels for SELL . GOOD LUCK! Great SELL opportunity GBPCAD
I still did my best and this is the most likely count for me at the moment.
Support the idea with like and follow my profile TO SEE MORE.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
GBPCAD I Potential Short from ResistanceWelcome back! Let me know your thoughts in the comments!
** GBPCAD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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GBPCAD TECHNICAL ANALYSIS VERY POWERFUL........!!!!!!!!! GBPCAD if you take the Move starting 28 September 2023 until the 29 of November 2023 this is what you get. The power of technical Analysis guys. Will see if the market will continue to respect this pattern. But if not, the market covered almost 50 % of the pattern. Lets continue to watch and see....Cheers Folks
GBPCAD - Looking To Sell Pullbacks In The Short TermH4 - Bearish trend pattern.
Lower lows.
No opposite signs.
H1 - Bearish trend pattern.
Currently it looks like a pullback is happening.
Until the strong resistance zone holds I expect the price to move lower further in the short term after pullbacks.
GBPCAD Looking BearishAnalyzing the H4 chart, we've observed the price recently responding to our sell entry at 1.7046, denoting a noteworthy interaction at this overlap resistance point.
Our target for profit-taking is set at 1.6965, aligning with a corresponding overlap support level.
To manage potential risks, we've established a stop-loss order at 1.7136, strategically placed at a level representing a swing high resistance point. This stop-loss position acts as a safeguard against unfavorable market movements beyond our risk tolerance.
GBPCAD possible drop to support?In our analysis of the H4 (4-hour) chart, we observed a significant market event at the price level of 1.7046. This particular level is considered an overlap resistance, indicating a convergence of various factors that have historically influenced market behavior. Traders and analysts pay close attention to such points, as they often represent areas where the price has encountered resistance in the past, potentially influencing future market movements. The recent reaction at 1.7046 suggests that this level continues to play a role in shaping the price dynamics, prompting market participants to monitor it closely for potential trading opportunities or shifts in market sentiment.
GBPCAD 05-12 Pair : GBPCAD ( British Pound / Canadian Dollar )
Description :
Bullish Channel as an Corrective Pattern in Long Time Frame and Rejection from the Lower Trend Line. It has completed the " 1234 " Impulsive it can break the Previous Resistance Level to complete its " 5th " wave at Upper Trend Line
Entry Precautions :
Wait for the Proper Rejection
GBP/CAD TRADE IDEAENTER AT OWN RISK
Following the 4H trend line GBP/CAD is prepping for a nice climb
Entry: 71200
Sl: 70140
tp1:71700
tp2:7200
tp3:7300
Enter at own risk, I am not always right
