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Gbpcadlong

GBP/CAD 4HR BUY AND SELL SET UP???Hi TRADERS this is my trade set up for the GBP/CAD for the new week ahead GBP/CAD We have two scenarios a possible breakout of the very strong resistance area and if it does break out will be a nice strong move higher, next scenario we get a good rejection of the resistance level and we take a sell clean crisp charts I hope it helps if you have any questions please private message me good luck for this weeks trading please follow like and comment thanks
by Costy13
3
GBPCAD | Important LevelGBPCAD has approached to important level after bouncing from 0.5 fib level. Two senario can play form here; a) Bullish: It is looking in good momentum after bouncing from fib level 0.5. It will likely to break the overhead resistance. One can take long position on break of horizontal area. b) Bearish: Last time price hit from the same zone and took correction of around 300 pips. If it gives bearish sign then one must look to short it. Trade your levels accordingly.
by JustTradeSignals
1
GBPCAD Approaching Key LevelGBPCAD is approaching the 2022 High made on Jan 6th. Price action around this level should determine the short term direction for us to jump in. A breakout above this level could give us a nice risk/reward trade to follow the trend and ride it up to the next key level of resistance, an area that seemed to see a magnetic effect followed by reversals a number of times in 2021 (5+ times depending on how you measure this). Alternatively, the Jan 6th high will be a level a large number of traders will be watching and price is starting to look a little overextended. This previous high could easily act as resistance and see a nice reversal. Price has been respecting an upward trendline and trading steadily above the 20 SMA/EMA, but price has seen a couple of spikes toward this high followed by quick rejections, and momentum for GBP appears to be weakening, as can be seen in the Currency Meter indicator where average GBP RSI is decreasing. An aggressive short entry would be a close below the rising trendline. With closes below the SMA/EMA being more conservative short entries. If price reverses I expect to see a temporary pullback not a full reversal, with expectation of a higher low on the Daily. Overall I'd be happier to see a reversal and take a short, but I'll be watching price action and will jump into a long if we see a strong push and hold above the previous high with broader strength from GBP and broader weakness from CAD on the Currency Meter.
by HayeTrading
18
Trading Idea Regarding GBPCADThis pair is going to bullish right now Technical Analysis: 1-Break Out Range 4hour Time Frame 2-Break out Downtrend line 4Time Frame 3-Break out Strong Resistance on Daily Time Frame 4-Moving towards top of the range on weekly time frame after retesting previous resistance level Sentimental Analysis: 1-USDCAD has broken the downtrend line and is adopting bullish behavior (CAD weakness) 2-CADJPY retest the falling resistance and new lower low is expected(CAD weakness)
Long
by Inzamam9012
Potential Shark Forming 🦈🦈GBP/CAD - Potential Shark forming with nice bullish priceaction. Price is currently sitting at the .886 of the 1H bullish pullback and I'm expecting order flow to continue and break the highs! Let me know your thoughts! ** Disclaimer *** These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.
Long
by benalistarfx
GBPCAD Inverted Head & Shoulder Pattern#GBPCAD Hello everyone, and welcome to my TradingView profile, my name is TRADiNG_Club_ and today I am going to analyze #GBPCAD a full technical analysis on 15 Min. timeframe using a translation of market information While doing so, let me give you a personal opinion about it. The next most likely market movement and helps you find and manage market opportunities. My thoughts are for those who are interested in improving their financial education. If you have any query then leave a COMMENT, LIKE and FOLLOW. Keep Supporting And Thank You..
by TRADiNG_Club_
GBPCAD: Hold or FallWill this pair hold the previous resistance or collapse through it? The supply rejection was strong but we still need to cross back over the EQH's if we have a chance of falling lower. I have illustrated what I would like to see, I will leave updates below. Traders, if you have your own opinion about this idea, write in the comments section, I always reply. RISK DISCLAIMER: Trading Crypto, Futures, Forex, CFDs, and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use a tight stop loss. -------------------------------------------------------------------------------------------------------- Please like, subscribe, and share this idea with others! --------------------------------------------------------------------------------------------------------
by AlkalineFX
16