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Gbpcadshort

GBPCAD Moving Towards Resistance Zone...We will start by looking at GBPCAD past movement near the 1.7258 resistance level. What we can see is several clean rejection off this level without any form of breakout signs. With the current price movement, we can see that price level just rejected off this resistance level as well as a nice rejection off the ichi cloud. This rejection from the ichi cloud can show us the direction off this pair and that the movement is still considered BEARISH as of now. Will look to enter near this resistance zone but do look out where you place your SL. 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
GBPCAD, 4hr tf, double top pattern with ichimoku confirmationHello my friends, Another possible setup for GBP cross is GBPCAD pairs. I am looking for a sell position in this pair as my screener showing this pair could go lower. Some confirmations already met and we could try selling this pair on a retracement to 1.7100 area. Noticed also it looks like this pair making a double top pattern and i think price already breached the neckline once with a solid candle close below it on 4hr tf. Price then bounce from the neckline support but it only bounced a litte compared to the previous bounce. I think we could see price continue south soon so we will set a sell limit order to get a more rewarding RR ratio Sell limit GBPCAD 1.7100 Stop loss 1.7160 Take profit 1 at 1.7040 Take profit 2 at 1.6980 Take profit 3 at 1.6920 RR Ratio is 1 : 3 Use only 1-2% risk Good luck If you find this post useful please drop a like and follow me for my next update
Short
by HayatoDragonFX
GBPCAD RoadmapGBPCAD potentially to down for +300 pips if the seller manages to push the price to the 1.6930 support level, we need to wait for price rejection to occurs before placing any sell order. **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 the comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Short
by GWBFX
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