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Gbpcadshort

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
Short
by FXtrades-gp
15
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. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Short
by GWBFX
2
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!
Short
by AussieBogan
2
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!! Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!
Short
by YGForex
2
GBPCAD: The END of a strong WEEKLY TRIANGLE patternHi 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 : In the weekly time frame, since March 2020, the price has been moving inside a strong symmetrical triangle pattern and it has currently reached the end of its pattern. During the next week we could probably see big movements on this pair! In the daily time frame, since September 2020, the price has been moving following a strong secondary trendline, bouncing many times on its dynamic support line and reaching few times the resistance zone at about 1.75000, without break it. It has currently retesting the same zone and there is a possibility of a bearish movement. In the h4 time frame, on the 8th of January 2021, the price got a strong positive impulse that moved it up until the main resistance zone. After a clear rejection on that area, the price started growing more and is now trying to retest the same level. Once the price will reach the resistance zone, the next price action will be essential to understand the next market movement. 🔴 Conclusion : This pair is very close to the end of its weekly triangle pattern and in a long term I'm confident to see the price growing more. There is still a possibility of a trend correction if the price eventually will get a new rejection on the resistance level, and only considering this condition I'll start 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
Short
by FXtrades-gp
12
GBPCAD: SHORT Idea on this MARKET REVERSALHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis , support the idea with a big LIKE 👍 and don't forget to SUBSCRIBE my channel, you won't miss anything! TECHNICAL ANALYSIS: Since September 2020, the price has been moving with a strong uptrend, constantly bouncing on a dynamic trendline's support and as we can see in the chart, in few months the market got many rejections on that dynamic level, even if in December, for the first time the price termporary broke the support, moving back inside the previous channel in less than one week. At the end of December, the price reached an interesting level, I'm talking about a weekly dynamic resistance of a symmetrical triangle pattern, it got a a rejection twice and today, the price reached the same level. The next price action around this zone will be essential to understand the next market's movement. CONCLUSION: In a long term, I would see the price grow more and break the weekly dynamic support, but right now I'm confident with a possible trend correction, considering that the price reached an important level the previously rejected it. Overall, don't forget that since the end of December, in the H4 chart, we can see the price inside a descending channel and the possibility to see the GBPCAD falls down until the level 1.72444 is absolutely possible. Stay tuned for updates! What's your opinion? Share your idea writing a comment! Trade Safe and Responsibly Gianni
Short
by FXtrades-gp
4