Gbpcadsell
GBP/CAD at ResistanceGood opportunity to short this now at the resistance, low risk trade. SL above the recent peaks and TP at the support level. MACD also suggests a pull back from here.
GBPCAD, Reaching Significant Resistance, sellGBPCAD, Reaching Significant Resistance and the price action tells its falling down! watch out friends!
GBPCAD bearish continuation #GBPCAD SELL
ENTRY = NOW at 1.72100
SL = 1.72300 (-80 PIPS)
TP = 1.69600 (+250 PIPS)
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, 4hr tf, sell Wave-3 extension waveHello my friends,
Another plan for GBP crosses pairs.
We got GBPCAD to trade as well for today.
But i am still waiting for price to touch around 1.7200 before entering sell.
I use a sell limit order for this pair because it might hit my trade when i was not watching it.
As you can see this pair is bearish in my opinion.
GBP is very fragile right now because there is fundamental Brexit issues.
If we do an Elliott Wave count we could assume that we're now on Wave-3 extension.
Inside this extension there is a good setup to trade as well.
Wave-3 is not finished yet because we still got wave-iv and wave-v to complete this Wave-3.
Wave-iv is on the process and might completed soon.
We are going to use wave-i area as our stop loss because we're trying to use Elliott Wave rule for 4th Wave.
Sell limit GBPCAD 1.7195
Stop loss 1.7255
Take profit 1.6925 (4.5R)
RR ratio 1 : 4.5
Use only 1-2% risk
Good luck
Check my GBPAUD plan as well on the link provided below.
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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.
BEARISH POTENTIAL ON GBPCAD - RETEST?Hi Guys,
This week we have this move on GBPCAD on our watchlist, Price has broken bearish on the 4hr as we can see. Price met a point of resistance ( roof of price) after its previous up move and is currently strongly sitting at point of support showing further bearish potential. We should look for a potential pullback to the broken point of previous support and now resistance. And if price does retest this zone, we may see the bears dominate this move.
GBPCAD, 4hr tf, Shoulders head pattern to materializeHello my friends,
Another setup for next week is GBPCAD pairs.
Looks like GBP might go down a bit in the coming week as some of GBP pairs crosses making a bearish pattern.
This GBPCAD clearly made a shoulders head pattern and price already broken below the neckline.
We're now going to wait for a retest at 1.7350 area which the neckline of SHS pattern.
Measured objective of this patern are 190 pips.
I am not going to enter right away because it won't yield favorable RR ratio.
Wait for price to retrace around 1.7350 and we will sell from there.
That 1.7350 area not only serve as an area of confluence for resistance but also yielding a 2.5R sell setup.
If price never retrace and contiue going down then we will skip this trade.
Sell limit 1.7350
Stop loss 1.7420
Take profit 1.7175 (2.5R)
RR ratio 1 : 2.5
Use only 1-2% risk
Good luck
GBPCAD - SWING - 26. NOVE. 2020Welcome to our weekly trade setup ( GBPCAD )!
-
1 HOUR
Bearish price action!
4 HOUR
Closure and pressure below main sr level.
DAILY
Overall bullish market about to turn..
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FOREX SWING
SELL GBPCAD
ENTRY LEVEL @ 1.73370
SL @ 1.74040
TP @ 1.72350
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
GBPCAD W4 NOV 2020GBPCAD
Short Setup
Broke out of trendline and fib retracement/retest done. Potential target as marked at 2 zones
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.
