GBP/CAD Finally Close Below Very Important Support Level Short ?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
Gbpcadsell
GBP/CAD Is About To Be Smashed By Sellers 🔨🔨🔨💡 Trade Idea
📉 GBP/CAD | Sell Limit Order @ 1.7432
🎯 Target Profit 1.7310
🛑 Stop Loss 1.74933
❌ Do not risk more than 1% of your account on each trade
🙂 Good Luck !
Description:
The price was trading to the downside by posting lower lows and highs. Recently it posted a correction count in a form of a bearish flag pattern. We have an area of confluence between the 50% Fibonacci retracement level & the resistance around the 1.7432 USD level. This could lead to a move downward again to the 1.7310 USD.
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Risk Disclaimer: All trading ideas published by “collegeofpips” are for educational purposes only. These posts can help you to enhance your trading skills, but please do your own research before opening any trading position. ⚠️
GBP/CAD | Potential Downward Movement 🔨🔨🔨Technical Analysis:
The price on the daily time frame is posting lower lows and highs which shows that we are in a downtrend. Lately, the pair posted a correction count toward the daily resistance. By looking on the lower time frame we can see that this correction has a form of bearish flag formation that coincide with a 50% Fibonacci retracement level. This could cause a move downward toward the 1.7310 USD mark.
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Trade Idea:
Sell Limit Order @ 1.7432
Take Profit @1.7310
Stop Loss @ 1.7493
Trade Safely 🙂
GBPCAD: very interesting signal on DailyHi Traders,
This is my view on this cross for the next few days.
#GBPCAD
Waiting for today's candle closing below yesterday to confirm a bearish environment. Then I personally waiting for the impulse to end and a retracement as well.
I remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if specific rules are strictly respected.
If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals.
I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view.
Thank You
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Trading Kitchen
GBPCAD - SWING - 25. FEBR. 2021Welcome to our weekly trade setup ( GBPCAD )!
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1 HOUR
Bearish price action.
4 HOUR
Market turned bearish, expecting more downsite.
DAILY
Overall good market structure, looking for more pressure.
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FOREX SWING
SELL GBPCAD
ENTRY LEVEL @ 1.76830
SL @ 1.77410
TP @ 1.75820
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN