Gbpcadshort
GBP/CAD in descending channel💡Hello traders,
Hope you are having fantastic summer and also are finding time for trading as well :)
I will really apricate any likes and follows, that would help grow this channel.
There has been downtrend with this pair and as we know trend is our friend we believe price will continue to drop more.
Let us know what you think about this idea.
Trade safe !
GBPCADHello everyone, This is my analyse on gbpcad (4h) time frame. Please comment why if you disagree as i'm still trying to improve and become a better trader.
I'll appreciate all comments and take them on board.
Thanks.
GBPCAD Short Ideahey traders, on the bigger structure, price still downtrend.
i expect more downside on this pair. please refer chart for details.
GBPCAD bearish continuation Wednesday, 1st July 2020
#GBPCAD SELL
ENTRY = NOW at 1.68000
SL = 1.68800 (-80 PIPS)
TP = 1.65700 (+250 PIPS)
Disclaimer On
PLEASE USE YOUR OWN MONEY MANAGEMENT RULES
Your Money is Your Own Responsibility
GBP/CAD : Sell on Pullback of the Trendline after complete pullback confirmation can strong sell.
ThankYoU
GBPCAD Potential Sell off? If price fails to break and close above this key level
we will see further movement to the downside on this
pair! as for now our bias is short!
There are double tops
for a target that has us a bit neutral
lets see what time and price will bring
SHORT GBPCADGBPCAD IN A CLEAR BEARTREND, SHORT GBPCAD, SOLD 25% WITH A LIMIT ORDER AT THE HIGHEST MOVING AVERAGE AND THOSE LINES ABOVE SHOW LIMIT ORDERS TO SELL MORE, THE FIRST TARGET IS THE LINE BELOW.
GBPCAD - SELLPrice tends to go the other way at the start of the week before the trend continues, we will wait for confirmation before continuing the sell
GBPCAD: Bearish Targets Once It Breaks Trendline Support1. GBPCAD bounced from the falling channel's resistance
2. A weekly close below the critical support & resistance of 1.7250 area
3. Hidden Bearish divergence in play to push it further down
4. Now it's holding the rising trendline support
Trade Idea:
Sell trade will be triggered on a break of the rising trendline and successful retest as a resistance.
Target 1 is 1.6620
Target 1 is 1.6280
Invalidation: Break above the resistance of 1.7250
GBPCAD Short Idea - Small head and shoulders formation forming, we are currently in a downtrend and below the moving averages. Looking like a great sell opportunity!
GBPCAD - Long Hold Sell Opportunity Potential long-term sell opportunity on this pair, strong bearish pattern currently selling from resistance zone at 1.71. I am expecting price to action a re-test at 1.685 and reject on H4 and daily time frames, to continue bearish movement long-term. If 1.67845 key level is broken in the short-term, there is a strong likelihood that we can expect price to continue to sell to 1.666. Even longer term - if breaks this level, 1.62 would then be targeted with possible potential to reach 1.59. My technical indicators also strongly support this analysis.
GBP/CAD - Sell OpportunityPrice has broken our key level H4 support. We are expecting price to re-test the broken zone before continuing down.
GBPCAD LIVE TRADE Trade taken this morning:
Reason For Entry- Market Pullback followed by Engulfing Candle, also rejection of closing above the 50EMA.
45 PIP SL (1.70664)
TP1- 45PIPS (1.69773)
TP2- 90PIPS (1.69327
TP3-135PIPS (1.68881)
135 PIPS Banked
GBPCAD - Short Outlook - Possible Swing Trade Idea, 18 June 2020With out triple top/rejection on the Fib level 78.6 we see further downside on this pair.
Approaching the trend line , price action appears to be breaking through. Should we get a daily or weekly close below this trend ,we could see a massive shift in momentum.
Wait for retest of the ascending trend line and appropriate confluences to verify short position.
