GBPCAD Sell Trade (My View)Looking For a Sell Position GBPCAD . Banking on Bearish Trend To Continue With This Pair
Fibs For TP 1$2
Gbpcadshort
GBPCAD SHORT GBPCAD is preparing for a nice short opportunity, watch lower time frame to see how price action is reacting and lets see how market is gonna react on the critical areas! be safe if you are in from top and manage the trade!
gbpcad price is reaching most high of january , in my opinion there are a lot of sell orders waiting to push price at fresh demand zone. lets see what london session can bring to us
GBPCADGBPCAD SHORT
Confirmation list
1- While price was consolidating confermed a very strong support.
2-The price broke the support area without retesting ,
retesting is happening now so i expect everyone to sell gbpcad below the previous support.
3-I feel so confident
that everyone's sl is gonna be above this area
so i expect the marketto take everyone out,
retest the poi candle and 88.60 fib and then reverse.
4-IMB to be filled
5- This is just my vision scenario and im gonna
enter only if i see the right price action on smaller timeframe.
GBPCAD Looks Good After a Lower OpenAfter opening lower than Friday's close GBPCAD has made a nice run back up to the bottom of its 2 day range. Now that those lows have been swept, I expect that there is opportunity for the pair to go on a nice run. From a fundamental aspect, The Pound has taken a breather after a rather dominant 2020 however, paired against the Canadian dollar I expect for it's strength to continue with new Oil regulations specifically coming into the US, impacting the broader North American Economy. Theses regulations will likely continue cause disruptions in the economy worldwide in the next few months, however based on the fact that Canada will receive direct impact, they are a lot more susceptible to weaker currency comparative to that of Britain whose primary oil provider is Norway.
GBPCAD ShortBy using Fibonacci Retracement we are able to see the formation of A-B-C and D as a profit target
GBPCADStill watching for shorts on this pair.
Looking to sell the rally off interest rates decisions.
GBPCAD: Is the price going to BREAK soon its MAIN TRENDLINE?Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything !
🟢 Forex Pair :
GBP/CAD
⚪ Technical Analysis :
Since the 20th of January 2021, the price has been moving with a clear uptrend, reaching a strong weekly resistance zone at about 1.76500, that rejected the price many times in the past.
On the level, the price got a rejection and it is currently on a daily S/R zone at about 1.74300, very close to its main trendline.
The next price action around that zone will be essential to understand the next market movement.
🔴 Conclusion :
In the past, the price reached many times its strong weekly resistance at about 1.76500, getting a strong and quick rejection on that level.
I'm confident to see the price breaking through its S/R zone at 1.74300, continuing its bearish movement until its next support zone.
I'll be waiting for the breakout of the main trendline before planning my short position on this trade.
Stay tuned for Updates and Trading Signals !
What's your opinion? Share your idea writing a comment!
⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️
Trade Safe and Responsibly ,
Gianni
GBPCAD short trade ideaPlan: trendline and support level breakout --> wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
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Thank you for your support ;)
GWBFX
GBPCAD AREA OF SUPPLY. SHORT IDEAI have annotated the relevant levels. Equal highs being formed so I'm expecting price to fly past them to take out stops and capture the remaining liquidity from the supply zone above where we seen a strong imbalance in the price.
I am going to be very active on this channel from now so follow up for more set ups and content!
GBPCAD Short Opportunity by AussieBoganDISCLAIMER: Trading Forex/Cryptocurrency involves risk and you may lose more money than you started with! These posts are not to be taken as financial advice and I offer NO guarantee that any of these ideas will result in profit. Also, trade ideas may change, depending on ever-changing market conditions. You are trading at your own risk and past performance is NOT indicative of future results. Please, know how much you are willing to risk on EVERY trade that you take and be SMART!
Simplify your trading. Always measure your risk and be okay with being wrong ; ) Wait patiently and get the price that you want. Use the market. Don't let the market use you!
GBP/CAD at ResistanceGood opportunity to short this now at the resistance, low risk trade. SL above the recent peaks and TP at the support level. MACD also suggests a pull back from here.
GBPCAD, Reaching Significant Resistance, sellGBPCAD, Reaching Significant Resistance and the price action tells its falling down! watch out friends!
GBPCAD Consolidating... Short Opportunity!!!GBPCAD failed to breakout 1.7473 resistance level with price level moving sideways for now. I see it testing the support level @1.7253 price level, also where my moving average is at. If it breaks through this level, we should expect a BEARISH continuation with a huge downside potential. As of now, I am BEARISH for GBPCAD. Short term Trading Opportunity!!
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GBP/CAD soon to Bikini Bottom🧙🏻♂️The pair has rejected our zone of resistance. We are opening SELL positions here and aiming for the 1.72 support level🙌🏻
