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Gbpcadsell

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