GBPCAD Short with 3 confluences (Zero Indicators) H&SConfluences:
1. Daily Chart Trendline Breakout
2. Daily Chart Head and Should
3. Price is trending lower by creating lower highs and new lows
Entry: We will be looking to enter this trade towards the second half of this week. Will be holding this trade for about 4-5 day or until target is reached.
Gbpcadshort
Pound Canadian Short Position Trade - 2021The analysis is based off my unique approach to seasonal tendencies when Price is in a Ranging Market. Taking 2020 as the third year if we look back until 2017 you will notice how, during this period, the market has been repeating a pretty noticeable Fractal Pattern. Taking that into account l predicted a significant high to form on the Pound Loonie during First Quarter of 2021 which has happened so far.
I'm anticipating the low of this Year to come around Aug-Sep, sweeping the lows around the 1.67387 level and finally taking out the Low created in March of 2020.
The Canadian Employment Numbers came in positive for the Loonie @259.2K far larger than the forecast of 75.0K, this occurrence might just be the Fundamental confluence needed for my Technical analysis to pan out as anticipated.
GBPCAD - Continuation to the Downside (🔻 Short)Hi Traders
based on the current market structure I believe that GBPCAd will continue its drop to the downside. The resistance area (big grey box) did its job.
The setup sees a 1:3 RR. I see the stop nicely protected by different layers of structure. More conservative traders could stretch the stop further and go with a RR of 1:2.
As always, stop loss goes to breakeven as soon as price hits 1R profit.
Good luck :)
GBPCAD OFF TO A GOOD START!A solid week setting up here at forexinsightsuk. We've entered a couple of trades this morning, all which will take a little time to play out but this is by far one of our deepest running live trade at the moment. GBPCAD has started melting with our analysis and is currently sitting around +30 pips in profit.
We will update all our positions and entries as we go through the week.
For now we're going to patiently sit, wait and watch our trades make progress as we go into the evening.
Happy Monday guys, and good luck.
GBPCAD 1:4 RR swing trade Trading the retracement!Confluences:
-Price structure has been beautifully bearish (LL, LH)
-Trendline has been created and tested three times
-Enter on the 50 fib retracement (on the 4H)
-Stop above the 78.6
-Take profit at the first bullish trendline (daily timeframe)
-Also price broke and is soon retesting a major resistance zone (blue rectangle)
Feel free to tell me your thoughts!
GBPCAD SELL ,GREAT IDEAHello Traders, here is the full analysis for this pair.
Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity in GBPCAD ..
I still did my best and this is the most likely count for me at the moment ..
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GBPCAD: very interesting signal on DailyHi Traders,
This is my view on this cross for the next few days.
#GBPCAD
Waiting for today's candle closing below yesterday to confirm a bearish environment. Then I personally waiting for the impulse to end and a retracement as well.
I remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if specific rules are strictly respected.
If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals.
I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view.
Thank You
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Trading Kitchen
I think GBPCAD has been bought enough for some possible shortsGBPCAD has been bullish for some time, now I think its almost ready for some possible short.
it was over bought so many time on the RSI.
lets see if it can break the 1.75464 support level for some short or return to its initial trend after breaking the 1.77963 resistance to continue its rally
It's just my Idea not a financial advice
what do you think ?
GBPCAD BULLİSH SCENARİO Hello traders, I hope everyone has a nice weekend. I would like to share one my possible short term bullish scenario for GBPCAD .Please support this idea with like If you find it useful.
We were testing this strong support-demand zone but before this area There was another strong demand area and When we tested this zone We got a bullish rejection and go upside for short term. For next week If we test this zone We will look for nice bullish rejection around 1.74000.
The information given is not a financial advice. Remember this analysis is not %100 accurate. To make decision please follow your own thoughts.