GBPCAD sell setupFX:GBPCAD
The weekly, 4h and 1h timeframes are bearish giving me a bearish bias. Price broke below 1.70666 4h/1h support area simultaneously breaking bullish structure of the 1h and 4h. I am waiting on a pullback to the 1.70666 area which will now be the resistance area to look for sells on gbpcad
Gbpcadshort
GBPCAD Sell Trade Idea , GBPCAD Short trade idea. GBPCAD Sell Trade Idea
The major resistance point of 1.71000 has already been tested by the market, and we will now see clear changes in case we find some price rejections over their major point of 1.7100-1.7123.
Trade Setup Idea:
GBPCAD Selling Zone: 1.7100-1.7123
Stop Loss: 1.71311
Take Profit1: 1.7068
Take Profit2: 1.7050
Take Profit3: 1.7020
Take Profit4: 1.6990
Note: Please follow the money management plan and risk-reward ratio.
Must follow the price rejections and price movements of the pound index.
GBPCADOn the monthly charts we have a bearish trend targeting the monthly low.
On the weekly charts we have a bullish correction that has cleared a previous ineffeciency.
On the daily we have a change of character indicating a trends reversal. However, on the lower timeframe we have a bullish correction.
On the 4 hour we are awaiting a change of character to signify a bearish continuation
GBPCAD SELL | Day Trading AnalysisHello Traders, here is the full analysis.
Watch strong action at the current levels for SELL . GOOD LUCK! Great SELL opportunity GBPCAD
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GBPCAD Sell Opportunity 1.6994GBPCAD Analysis
Price is currently in a William-Certified Range, where it has recently rejected the 4H Resistance. Price broke under the 1H Support at the 1.70000 psychological level.
Impulse SELL entries can be taken right now, however it would be best to wait for confirmations.
GBPCAD I Potential Short from ResistanceWelcome back! Let me know your thoughts in the comments!
** GBPCAD Analysis - Listen to video!
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GBPCAD Next Sell opportunity 1.70946 - 1.71459GBPCAD Next Sell opportunity 1.70946 - 1.71459
GBPUSD SELL LIMIT 1.71160
TAKE PROFIT 01 : 1.70320
TAKE PROFIT 02 : 1.69320
TAKE PROFIT 03 : 1.64250
STOP LOSS 1.71887
When markets open, place your limit order with proper money management. When 1st target hit make sure to move your stop to breakeven.
Key level
4H Support price - 1.67630
4H Resistance price - 1.71459
GBPCAD - Equal highs liquidity ✅Hello traders!
‼️ This is my perspective on GBPCAD.
Technical analysis: Here we are in a bearish market structure from 4H. timeframe perspective, so I am looking for short. I wait price to go a little bit higher to take liquidity above equal highs and to fill the imbalance, then to reject from bearish order block.
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GBPCAD - Look for short position ✅Hello traders!
‼️ This is my perspective on GBPCAD.
Technical analysis: Here we are in a bearish market structure from 4H. timeframe perspective, so I am looking for short. I expect price to go a little bit higher to fill the imbalance and then to react from premium zone for a short position.
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GBPCAD TECHNICAL ANALYSIS VERY POWERFUL........!!!!!!!!! GBPCAD if you take the Move starting 28 September 2023 until the 29 of November 2023 this is what you get. The power of technical Analysis guys. Will see if the market will continue to respect this pattern. But if not, the market covered almost 50 % of the pattern. Lets continue to watch and see....Cheers Folks
GBPCAD - Expect retracement ✅Hello traders!
‼️ This is my perspective on GBPCAD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for short from premium zone. I want price to make a retracement to fill that huge imbalance higher and then to reject from bearish order block.
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GBPCAD - Looking To Sell Pullbacks In The Short TermH4 - Bearish trend pattern.
Lower lows.
No opposite signs.
H1 - Bearish trend pattern.
Currently it looks like a pullback is happening.
Until the strong resistance zone holds I expect the price to move lower further in the short term after pullbacks.
GBPCAD Long Term Selling Trading IdeaHello Traders
In This Chart GBPCAD HOURLY Forex Forecast By FOREX PLANET
today GBPCAD analysis 👆
🟢This Chart includes_ (GBPCAD market update)
🟢What is The Next Opportunity on GBPCAD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
GBPCAD - Long active ✅Hello traders!
‼️ This is my perspective on GBPCAD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for long. I expect bullish price action from here as price filled the imbalance and rejected from bullish order block + institutional big figure 1.70000.
Fundamental news: Tomorrow we will see Interest Rate on GBP. News with important impact on currency.
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GBPCAD Looking BearishAnalyzing the H4 chart, we've observed the price recently responding to our sell entry at 1.7046, denoting a noteworthy interaction at this overlap resistance point.
Our target for profit-taking is set at 1.6965, aligning with a corresponding overlap support level.
To manage potential risks, we've established a stop-loss order at 1.7136, strategically placed at a level representing a swing high resistance point. This stop-loss position acts as a safeguard against unfavorable market movements beyond our risk tolerance.
GBPCAD possible drop to support?In our analysis of the H4 (4-hour) chart, we observed a significant market event at the price level of 1.7046. This particular level is considered an overlap resistance, indicating a convergence of various factors that have historically influenced market behavior. Traders and analysts pay close attention to such points, as they often represent areas where the price has encountered resistance in the past, potentially influencing future market movements. The recent reaction at 1.7046 suggests that this level continues to play a role in shaping the price dynamics, prompting market participants to monitor it closely for potential trading opportunities or shifts in market sentiment.
GBPCAD Sell/ShortLooking and analyzing over GBPCAD I have analyzed thoroughly we are looking at a potential downtrend for these next few weeks. I have been looking at GC for a while and think it is time to short it all the way down. Please enter with proper risk management when trading and please follow our TV (Trading View) page for more free signals, analysis, and as well posts relating to FX and crypto trading. Thank you.
GBPCAD
Sell/Short
Entry: 1.71711
SL: 1.72282
TP 1: 1.67161
TP 2: 1.65002
GBPCAD - W1\D1GBPCAD
W1 - The price may push off from a strong level and begin to move down. When implementing the idea, you can expect a target at the level of 1.63580
D1 - The trend line was broken, and the price also fixed behind the trend line. A 3-wave structure is being formed, which may indicate a potential trend reversal. The nearest levels according to the structure are 1.66591
What can you expect?
Expectation of breaking the minimum of the 1st wave - from the levels of 1.70384. To be sure, you can wait until this level is fixed to consider the entry. Cancellation of the idea when the maximum of the 2nd wave is broken or beyond the maximum of the 1st wave 1.71889 - 1.72924
Long
Target 1.69914 - 1.68982 - 1.68020 - 1.66591