GBP/CAD Short on my new strategyHello Traders,
I come with the 3rd analysis on my new strategy that I developed for the last 15 months.
I will entry after the candle will close on H1, if it will be bellow the support level. After this candle can make a retracement and after to go on sell.
Support the idea with like and follow for more ideas!
Enjoy it!
PS : Is my vision, make your own choices.
Gbpcadshort
GBPCAD approaching resistance, look out for potential reversal!
GBPCAD is approaching its resistance at 1.76955 where it is could reverse down to its support at 1.71436.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
GBPCAD ShortWe look for the drop.
We have a point of interest on 30M TF.
We build up liquidity, so we either run from now down, or spike up, clear liquidity above and then run down.
This will melt beautifully once oil start pushing up.
Taking a risky entry right now, and looking how the price action will react.
GBPCAD - Descending Triangle Testing Key Support | Sell | 1:3 RR📢GBPCAD 1H - Technical Breakdown
📈Price action around the current market price is testing the descending triangle key support floor at 1.74930. This is the 4th or 5th time this level has been tested. If this level is broken to the downside bearish momentum will undoubtedly ensue.
📈A short opportunity from the current market price presents a 1:3 RR trade aiming to bank 150 pips down to the current range low at 1.73340 highlighted with a green horizontal ray.
GBPCAD Sell We look to short this pair as we look GBP to get weak because of the virus and CAD stronger because of OIL.
Also we have an Institutional candle on 30 minutes which cleared liquidity on the highs on the left.
We created EQLs below which are our targets.
Stoploss above the Institutional Candle.
Beautiful 1:3 R:R
GBPCAD. The price will fall after entering the sell zone.Hi dear friends,
The price of the British pound should enter the Sell zone.
After that, you could make a deal in that place.
The price will definitely reach this zone. Good luck to you.
If you liked this idea, please like and subscribe to my profile.
This idea does not provide the financial advice.
GBPCAD Trading In Channel Pattern.GBPCAD is Trading in Channel Pattern also, it is trading more time in the lower part of the channel, so we might see the continuation of the trend in channel pattern or further downside if it breaks the channel pattern.
Like/comment/Follow For More Idea
Note - Trade With Proper Risk Management Only
Thanks