Get started

Gbpcadsell

GBPCAD, 4hr tf, sell elliott wave 5th waveHello my friends, For today, i am gonna trade GBPCAD again. Previously i took +170 pips profit banking 5.6% profit from a sell setup that i shared at November 4th. This setup gonna be a continuation of previous wave analysis that i shared at October 30th As you can see, i expect price to go down again because we still on the 4th wave right now. Price could drop to around 1.7000 - 1.6960 which is around 170-210 pips drop from this point. This is also supported by the last few candles of GBPCAD showing sign of reversal. There is inside bar exactly at resistance and doji candles showing indecision. Sell GBPCAD 1.7170 Stop loss 1.7240 Take profit 1.6960 RR ratio 1 : 3 (3R) Use only 1-2% risk Good luck
Short
by HayatoDragonFX
GBPCAD, 4hr tf, sell the bearish engulfing rejectionHello my friends, Another setup for you is GBPCAD pairs. If you find this post useful, don't forget to give this post a like and follow me for my next update. As you can see there is a bearish engulfing rejection exactly at 1.7180 resistance. There is also descending trend line at this area so we could say this is an area of confluence. Previously i posted about GBPCAD bearish with elliott wave analysis Some friends might not able to catch those trade and being left out. Well, don't worry because this could be another opportunity to enter here. As for those who already enter this trade, then you could use this opportunity to add some more positions. Sell GBPCAD 1.7170 Stop loss 1.7240 Take profit 1.6960 RR ratio 1 : 3 (3R) Use only 1-2% risk Good luck Disclaimer : I sold GBPCAD from 1.7170
Short
by HayatoDragonFX
GBPCAD, 4hr tf, elliott wave analysisHello my friends, This is another setup before we close this month. This pair a little bit tricky to analyze because i tried analyzing it with Elliott Wave. As you can see there is a possibility that we're currently on Wave-3 and this wave is an extension. This mean Wave-3 consists of 5-3 waves as well. In my opinion we are on Wave-4 of this extension which is shown by the (iv) mark. Basic elliott waves rule is wave-4 never touch wave-1 area so we could use wave-(i) last point as our stop loss to invalidate our analysis. Sell GBPCAD 1.7290 Stop loss 1.7375 Take profit 1.6850 RR ratio 1 : 5.1 (5.1R) Use only 1-2% risk Good luck
Short
by HayatoDragonFX
4
GBPCAD, 4hr tf, double top pattern with ichimoku confirmationHello my friends, Another possible setup for GBP cross is GBPCAD pairs. I am looking for a sell position in this pair as my screener showing this pair could go lower. Some confirmations already met and we could try selling this pair on a retracement to 1.7100 area. Noticed also it looks like this pair making a double top pattern and i think price already breached the neckline once with a solid candle close below it on 4hr tf. Price then bounce from the neckline support but it only bounced a litte compared to the previous bounce. I think we could see price continue south soon so we will set a sell limit order to get a more rewarding RR ratio Sell limit GBPCAD 1.7100 Stop loss 1.7160 Take profit 1 at 1.7040 Take profit 2 at 1.6980 Take profit 3 at 1.6920 RR Ratio is 1 : 3 Use only 1-2% risk Good luck If you find this post useful please drop a like and follow me for my next update
Short
by HayatoDragonFX
GBP/CAD Can break the supportHello Traders, The GBP/CAD cross seems to be under pressure today. If breaks the structure that supports it with a consequent closure underneath, the support would become resistance. Waiting for a confirmation of the next hourly candle to enter short. It is still being evaluated. On the chart you can see the supports and resistances. If you agree with my ideas put a like and feel free leave a comment to link your trading ideas. Follow me for weekly analysis of swing trading support/resistance , fibonacci retracements, COT data. For informations feel free to contact me. Thanks for your support and let me know what you think! My analysis are for educational purposes only, and in no way represent a solicitation to invest in the financial markets. Compare them with yours and make a decision.
Short
by AidiDuhanxhiu
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 - SWING - 04. AUGU. 2020Welcome to our weekly trade setup ( GBPCAD )! - 1 HOUR Market about to turn bearish.. 4 HOUR Bearish price action and pressure formed, good short entries! DAILY Overall bullish market about to break back towards previous lows. - FOREX SWING SELL GBPCAD ENTRY LEVEL @ 1.74750 SL @ 1.76470 TP @ 1.72060 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
Short
by DACapitalTrading
37
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