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Gbpcadshort

GBPCAD - Bearish Trend Based on the chart, it appears that there is a bearish trend forming as evidenced by Lower highs (LHs) and lower lows (HLs). Further analysis using the Relative Strength Index (RSI) indicates that there is currently no divergence present. I recommend taking a short trade with a risk/reward ratio of 1:1 by using Fib tool. Please note that this is my personal analysis and trade plan, and it is important for you to conduct your own research and risk management strategies before making any trading decisions.
Short
by mansooryousafzai
6
GBPCAD - Expect retracement ✅Hello traders! ‼️ This is my perspective on GBPCAD. Technical analysis: Here we are in a bullish market structure from daily perspective, so I am looking for longs. I expect price to make the retracement to take liquidity below equal lows and to fill the imbalance lower and then to reject from bullish order block. Fundamental analysis: On Friday we have news on CAD, will be released Unemployment Rate which is forecasted to increase, this means weakness in currency. If the result will be as forecasted, for short term we could see bullish price action. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
2
GBPCAD - Trend Reversal - 1 Hour Time FrameBased on the Relative Strength Index (RSI) indicator, there is currently a divergence present. Once the first LL (lower low) is broken, it would confirm the formation of a bearish trend. I plan to enter a short trade with a 1:1 risk/reward ratio. Please note that this is my personal analysis and trade plan, and it is important for you to conduct your own research and risk management strategies before making any trading decisions.
Short
by mansooryousafzai