Gbpcadshort
GBPCAD ShortI have entered this trade but i forgot to publish it here...
i will publish it now just for educational perposes.
i am still a bigginer every comment is accepted and appriciated.
Thanks.
also (0 Drawdown) perfect entry
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
GBPCAD Reached Demand Zone...GBPCAD managed to make a 61.8% fib level retracement after the BULLISH movement. Now, we start to see BULLISH candle forming as price head towards the demand zone. I am expecting some BEARISH pressure as price level is currently in this demand zone. As of now, I will be looking for a short opportunity to the support level @1.7068. Having said that, we can potentially a BEARISH movement all the way down to 38.2% fib level.
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📢GBP/CAD SHORT Potential intraday trade setup 🚨Hello traders 👨💻
This pair is looking bearish ,We have just had a correction. I will enter a short on a lower timeframe with great R/R. This pair is on the watchlist 👀👀 I hope you like the analysis, if you do please drop a like or leave a comment, I love all the feed back 💯 💙
GBPCAD bearish continuation #GBPCAD SELL
ENTRY = NOW at 1.72100
SL = 1.72300 (-80 PIPS)
TP = 1.69600 (+250 PIPS)
GBPCAD - AnalysisLooking on the 4 hour chart, GBPCAD has been selling off since Christmas Eve (24th December). We are currently trading in a significant support zone, which has been respected twice.
I think a short term buy position is a potential, using the Stochastic indicator and the Resistance Zone which are marked on my chart.
However, we will be swing trading a Short position as the market follows the descending trend.
Let me know your thoughts!
@newgenforex in all social media platforms.
GBPCAD LONG - PRICE REJECTING CHANNEL AND SUPPORT LEVELGBPCAD is currently testing a strong area of support and is also testing the lower channel of a descending channel. We have to reject this area on the H4 timeframe and we could be seeing a swing to the upside now for the pair to breakout of the channel and create some new highs at 1.75000 if we start to see some more GBP strength come into the markets.
If you have any questions just drop a comment :)
GBPCAD shortI made the chart as detailed as I could, thanks for understanding. The chart was trending upward, but it's changing to a downtrend because it no longer respect the uptrend and there's a double formation with a MA crossover
Please LIKE if you find it helpful and COMMENT for any observation
GBPCAD shortI made the chart as detailed as I could, thanks for understanding.
The chart was trending upward, but it's changing to a downtrend because it no longer respect the uptrend and there's a double formation with a MA crossover
Please like if you find it helpful and comment for any observation
GbpcadGood luck to you!
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This is just an idea, not financial advice.
GBPCAD (Daily) SHORT IDEA: Is it time to BREAK the TRENDLINE?POTENZIAL PROFIT: UP TO 150 PIPS
TECHNICAL ANALYSIS:
-Since the beginning of April 2020, the price has been following a long downtrend, until the end of June, where the price bounced twice on an important weekly support zone.
After the second rejection, the price hasn't been able to retest and break the support level, starting a new uptrend until it reached the resistance level at about 1.74000.
-The weekly resistance zone, rejected and quickly reversed the market in a downtrend until the previous support level.
-Since the half of September, the price started a new uptrend, following a clear ascending channel. Once it reached the resistance zone, it collapsed down but quickly back to the uptrend.
CONCLUSION:
-The price has been rejected from the resistance zone many times, and it actually happened again, that's definitely a strong level.
I aspect the price falling down, reaching the next support level at about 1.70000.
I'd eventually entry short only if the price will clearly break the trendline.
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GBPCAD SHORTLooking for a pull back into previous order flow before creating a new lower high and a new low.
OTE entry + trend change on PFH and TL break.
GBPCAD ANALYSISGBPCAD ANALYSIS
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GBPCAD SellThe price level is about to hit the supply zone as well as it's starting to cross the UPPER Bollinger Band. Plus, there is a merging triangle trend. The price is expected to reverse its direction and keep decreasing for the next month or so.
GBPCAD - SELL- 24. DEC. 2020Daily Market Trade Ideas Based On Technical Analyzes 📊
⚙️ NEW SETUP GBPCAD
📉 SELL price 1.74107
✔️ TAKE PROFIT price 1.73223
🛑 STOP LOSS price 1.74484
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GBPCAD ANALYSISGBPCAD ANALYSIS
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Idea is not the financial advice!
GbpcadWait for confirmation before entering into any trade.
Good luck to you!
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This is just an idea, not financial advice.
GBPCAD GBPCAD SETUP Like and follow me to notice you entry point idea and check 20 last setup on my profile @i_am_winner
