GBP/CAD Showing a clear Head & Shoulder Pattern!GBP/CAD is showing a clear head & shoulder pattern.
Expecting price to drop to 1.671.
Focus Time Frame: 4H/1H
Market Condition
1D Short Term: Downtrend
1D Long Term: Downtrend
Gbpcadsell
GBPCAD - SELL - SWING TRADE- It's in point 61.8 of fibonacci
- In the last wave of the recoil, It's making a contractile diagonal
- We will operate a SELL
GBPCAD 240MOnce price reaches the third red line down, it is likely to drop fast, as in a full momentum completion. This 4 hour setup will probably make a jump down before many have time to enter, so putting entry short lower on my projection to account for opening volatility if there is any. It`s possible to break this down further on the 1H and 15M chart, but that would be for more precision entries, watching price all day kind of thing, which is useful, but not necessarily needed. A lower time frame entry might decrease stop value but could also stop you out before the trade has time to work out.
GBPCAD POSSIBILITY OF NEXT MOVEIn the name of Allah, the Most Gracious, the Most Merciful.
GBPCAD POSSIBILITY OF NEXT MOVE
Note: This is only for Educational purposes; this is not investment advice.
Thanks
Adil Khan.
GBPCAD - SELL Nowyes correct Sell it now and it will drop massively and see the description in the image. GC is in overbought situation and price has retraced from the 0.382 fibo level.
Note: Trade at your own risk.
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GBPCAD - End is comingANALYSIS ON GBPCAD
Welcome to my analysis
-
1 Hour Chart
-
Interesting Point of interest In the GBPCAD pair.
- Price still above 200 day EMA.
- Expecting more upward momentum.
- MACD showing bearish divergence so watchout.
- TOP FOR SELL
Trade carefully, buy pullbacks.
Stay Tuned
FOLLOW ME: GBP/CAD Short OpportunityGBP/CAD is currently at the top of a bullish channel and it appears that it's time to short (at least in the short-term) or at the very least it's time to exit longs and wait for re-entry.
Check out my other GBP posts that should be up within the next few minutes. They are showing the same thing!
COLOR KEY (which time frame each markup is based on):
RED - Monthly
ORANGE - Weeky
GREEN - Daily
AQUA BLUE - 4H
PINK - 1H LIGHT BLUE - 15M
PURPLE - 5M
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GBPCAD ShortBear flag, retest, & declining volume. I expect a price break down that will end up between both white support zones.
GBPCAD approaching support, potential for a bounce!
GBPCAD is expected to drop to 1st support at 1.63616 where it could potentially react off and up to 1st resistance at 1.66041.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
GBPCAD potential reversal!
GBPCAD expected to rise up to 1st resistance at 1.63224 where it could potentially react off and drop down to 1st support at 1.61143.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
GBPCAD - Expecting Further Downside Expecting further downside from here.
Price created a double top, the ascending trend line has now been broken and we have a solid closure below structure (1.6195) and the 4 hour 50ema.
I'd like to see a push lower with entry's taken upon a retest of previous support (now resistance).
Alternatively we may see price pop higher and retest the 4 hour 50 before rolling over.
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GBPCAD approaching resistance, look out for potential reversal!
GBPCAD is approaching its resistance at 1.61834 where it is could reverse down to its support at 1.60360.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
GBPCAD potential reversal!
GBPCAD expected to rise up to 1st resistance at 1.60313 where it could potentially react off and drop down to 1st support at 1.59335.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
GBPCAD DailyShorting opportunity with low risk, possible RR of 1:4 or higher depending on your own analysis and projection of price.
60 pip stop loss and 250 pip target minimum. Use your own trailing stop plan if this trade takes off.
Momentum and daily structure is behind this short. Price could swing up and take out the stop loss in order to grab sellers but
based on current market movement the expectation is for another drop.
GBPCAD - LONG TERM SHORT POSSIBILITYDAILY DEMAND ZONE AND SUPPORT BROKEN THEN SELL TO THE NEXT DAILY DEMAND ZONE
GBPCAD, forecast on 4H-->>daily support broken
-->> strong downward momentum
-->> sell till next support level
