GBPCAD ShortGBPCAD finally broke for us and confirming our sell bias. Waiting for another chance to short once we get a break below the support of 1.71000. Then we can scale in a 4th position with 0 risk
Gbpcadshort
GBPCAD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPCAD Short IdeaConfluences
- Break of structure
- Smart Money Technique
- Divergence
- Support & Resistance Flipped Zone
- Approaching QM level for optimal trade entry
FOREX ANALYSIS : GBPCADFX:GBPCAD
The blue and red lines mean: I think prices can return in these areas.
Green lines mean: I think the price can reach these areas. They are therefore known as transaction targets.
If you want to use this deal, please risk only one percent of your account balance.
FOREX ANALYSIS : GBPCADFX:GBPCAD
The blue and red lines mean: I think prices can return in these areas.
Green lines mean: I think the price can reach these areas. They are therefore known as transaction targets.
If you want to use this deal, please risk only one percent of your account balance.
GBPCAD ShortGBPCAD closed the weekly as a lovely pinbar, we are still long term bullish as with our previous analysis and this hasn't changed considering the monthly still closed bullish however we believe there will be a correction down before we see it close higher next month potentially. We are waiting for a correction up and a rejection off the level specified before taking trade.
R:R = 1:3:1
GL.
GBPCAD: Hold or FallWill this pair hold the previous resistance or collapse through it?
The supply rejection was strong but we still need to cross back over the EQH's if we have a chance of falling lower.
I have illustrated what I would like to see, I will leave updates below.
Traders, if you have your own opinion about this idea, write in the comments section, I always reply.
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Trading Crypto, Futures, Forex, CFDs, and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use a tight stop loss.
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GBPCAD Short According to previous analyse
We have a divergence on 1h time frame
Retest the support @1.71410
GBP/CADSell: GBP / CAD
Sell limit: 1.72565
SL @ 1.73100
TP @ 1.71650
Max Risk: 2%
(When calculating, do not forget about different spreads from Brokers)
Leave comments or likes to keep our content free and alive.
Have a good week to everyone
It is not an investment recommendation
GBPCAD SHORTGBPCAD is in a long term up trend, but is likely to change its trend for a short period of time. This is what i think it will do .
If you agree, please leave a comment and a sub to the channel would be amazing.
GBPCAD shortFollowing backup lines and after double top created, looking for sell position, target 1.70350
GBPCAD short trade ideaSame set up again as last week with price respecting that resistance and rejection once again, will be after entry points very soon.
GBPCAD short trade where nextSo price made a push down from that resistance area I pointed out yesterday and now looking like we may make a retracement down to 1.69 from there ill be interested in longs if price can make a rejection and slow down in price.
GBPCAD idea!Looking at catching a downside move on GBPCAD. A massive resistance area as well as a much needed pull back should provide entry's to create a risk free short trade.
GBP/CADSEll: GBP / CAD
Sell limit: 1.70430
SL @ 1.70980
TP @ 1.69710
Max Risk: 2%
(When calculating, do not forget about different spreads from Brokers)
Leave comments or likes to keep our content free and alive.
Have a good week to everyone
It is not an investment recommendation
GBPCAD a simple example..Don't forget to Click the follow button for daily professional analysis, also please feel free to ask any questions you have!
It is a great idea to keep it simple when trading.
This is a clear updated version of our chart after targets were hit. We are now short.
This is because after an upmove... Comes a downmove.
Is that so hard to believe? Trade it accordingly!
GBP/CADSEll: GBP / CAD
Sell limit: 1.69615
SL @ 1.70050
TP @ 1.68900
Max Risk: 2%
(When calculating, do not forget about different spreads from Brokers)
Leave comments or likes to keep our content free and alive.
Have a good week to everyone
It is not an investment recommendation
GBPCAD Ascending Channel
I am liking this Ascending Channel I expect it to make its way toward support, Could break below and go to 2nd major support, Which would also be the bottom of the Channel.
The RSI is also signaling BEARISH DIVERGENCE. So we will keep an eye on that.
I am reposting a rough chart I posted earlier because it was blocked for the reason of breaking the rules of this website.
I put a link to my discord, which is not allowed.
So here is a picture of the orignal analysis. This one I just reposted is cleaner anyway. Lol
DONT MAKE A TRADE JUST BECAUSE A STRANGER ON THE INTERNET HAS A COMPELLING ANALYSIS> Make sure you do your own analysis
The picture below is my original analysis. :)
