Gbpcadshort
GBPCAD sell1.We got buying pressure on daily.It was rejected many times
2.At least, we must kiss ma200 get more power to go higher or fall below
3.Trade for this week 1.72200-1.72000 will be nice to exit
GL
GBPCAD 4HRSbelow is my idea on Gpcad. keep an eye for price action confirmation around our resistance trendline afterwards go short
GBPCADWelcome back guys
Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
GBPCAD in a trend channel path, I think there will be chance for a sell entry because its touched the resistant line in the up trend
STOP LOSS 1.74500
ENTRY POINT 1.73000
TAKE PROFIT1 1.72500
TAKE PROFIT2 1.71500
TAKE PROFIT3 1.71000
Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts.
The information given is not Financial Advice.
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Wish you luck guys
GBP/CAD shortimpulse, correction followed by a double top to take this short, again great RR lets see if we can play back to the channel lows.
GBPCAD Selltouch athe long term downtrend and the static resistance zone and we can see a small divergence in macd.
let's see what happens....
GBPCAD SELL OPPOTUNITYAs we see, there can be another decrease for GBPCAD in 4h timeframe, as it has touched the top of two channels as the same time, shown in the idea, if it breaks up that point there would be a pullback and huge increase tho.
GBP/CAD Technical Analysis
The counter is currently in an ascending formation.
It has hit the upper parallel which also coincides with a rejection zone.
Hence, we expect the pair to retreat to lower levels from here.
Short on Pullback-Ascending TL retest expected
-0.5-0.618 fib retracement
-Previous support now resistance
-MA50 supporting momentum
resistance lineOANDA:GBPCAD
The price hit a resistance line for several months and the price returned to the bottom of the channel.
GBPCAD - SHORTALL ANALYSIS ARE MADE USING ONLY PRICE ACTION, NO INDICATORS. MULTIPLE TIMEFRAMES ARE INVOLVED BEFORE TAKING A TRADE.
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==> PLEASE TAKE NOTE!! DO NOT SET LIMIT ORDERS. GET IN ONLY WHEN YOU GET THE GO SIGNAL FROM PRICE ACTION
GBPCAD - Bearish BiasGBP - BEARISH
1️⃣ Brexit negotiators will fail to agree anything in talks this week, thus missing the mid-November deadline to finalize a deal.
2️⃣ The unemployment rate in the UK increased to 4.8% in the third quarter of 2020, higher than 4.5% in the previous period and 3.9% a year earlier.
CAD - BULLISH
1️⃣ The CAD benefitted from the rising in oil prices amid coronavirus vaccine hopes.
2️⃣ Risk-On tone support the CAD.
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Technical
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We are looking to sell GBPCAD at the resistance on H1 to minimize the loss and maximize the profit.
