GBPCAD Local Short!GBP-CAD went up to
Retest a horizontal resistance
Of 1.7219 from where we are
Already seeing a bearish reaction
And I think that the pair will
Go further down !
Gbpcadshort
GBPCAD | Short H4 | Market Exe | Technical Confluences for Trade:
- Stochastics are in Overbought Conditions on H4 time-frame
- Price action is at a Supply Zone area
- Price action may reverse back below Resistance Trendline
Suggested Trade:
Entry @ Area of Interest 1.7140 - 1.7160
SL @ 1.7258
TP 1 @ 1.7012 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 1.6809
Risk-to-Reward @ Approx. 3.41 (Depending on Entry Level)
________________________________
Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated !
If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies.
If you want something analyzed, do drop me a DM. :D
________________________________
Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks.
Any websites / brokers / applications suggested here are also provided as informational purpose only.
________________________________
GBPCAD - Bearish market structure ✅Hello traders!
‼️ This is my perspective on GBPCAD.
Technical analysis: Here we are in a bearish market structure from daily timeframe perspective, so I look for a short. I expect price to continue the retracement to fulfill the imbalance higher and then to reject from trendline + institutional big figure 1.71000.
Like, comment and subscribe to be in touch with my content!
GBPCAD - Looking To Sell Pullbacks In The Short TermH4 - Bearish trend pattern
Lower lows
Until the strong resistance zone holds I expect the price to move lower further after pullbacks.
GBPCAD → Trade Analysis | SELL SetupHello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GBPCAD
I still did my best and this is the most likely count for me at the moment.
Support the idea with like and follow my profile TO SEE MORE.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
GBP/CAD Harmonic Pattern Signals Bearish OpportunityOverview:
GBP/CAD has recently exhibited the formation of an Anti-Butterfly XABCD harmonic pattern, concomitant with the price approaching a crucial Resistance area. This confluence suggests a potential Bearish reversal from point D, indicating a favorable opportunity for traders to capitalize on the impending downward movement.
Entry Strategy:
A prudent entry point for this trade is near 1.72840. This level aligns with the anticipated reversal point, providing an optimal entry opportunity for traders seeking to capitalize on the projected Bearish momentum.
Stop Loss Placement:
To mitigate potential risks associated with adverse price movements, it is advisable to place a Stop Loss order near 1.72480. This strategically positioned Stop Loss serves to safeguard against unexpected market fluctuations while allowing for ample room for the trade to unfold in alignment with the projected analysis.
Take Profit Targets:
1. TP-1: 1.71175
2. TP-2: 1.70525
3. TP-3: 1.69869
Conclusion:
In conclusion, the technical analysis of GBP/CAD suggests a compelling Bearish trading opportunity, characterized by the formation of an Anti-Butterfly XABCD harmonic pattern and proximity to key Resistance levels. By adhering to the outlined entry, stop loss, and take profit strategies, traders can effectively navigate the market dynamics and capitalize on the anticipated Bearish movement with confidence and precision.
GBPCAD Local Short!GBP-CAD went up to
Retest a horizontal resistance
Of 1.7219 from where we are
Already seeing a bearish reaction
And I think that the pair will
Go further down !
GBP/CAD +50 Pips 0 Drawdown , New Entry After 4H Confirmation !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
GBP/CAD Giving Amazing Bearish P.A , Time To Collect Some Pips !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Inflation Deflator Signals Sell for $GBPCAD15m sell signal printed. Hard rejection off 4h supply zone. Should be short to green line.
GBP CAD PRICE - BACK TO BALANCE LIQUIDITY gbp cad price will be back to support zone to balance liquidity take a short after breaking resistance zone as shown in the picture, follow for live updates @FOREX_TRADER_007
GBPCAD has exhibited a bearish signalGBPCAD has exhibited a bearish signal with the formation of both a head and shoulders pattern and a double top on its chart. These patterns suggest a potential reversal in trend, indicating a prime opportunity for a sell trade.
GBPCAD Short Term Sell IdeaH4 - Bearish trend pattern.
Currently it looks like a pullback is happening.
Until the two strong resistance zones hold my short term view remains bearish here.
GBPCAD SELL | Day Trading AnalysisHello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GBPCAD
I still did my best and this is the most likely count for me at the moment.
Support the idea with like and follow my profile TO SEE MORE.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
GBP/CAD SELL/SHORT
GBP/CAD was moving in a bullish channel on the 4-hour timeframe, and there was a breakout on the downside, followed by a retest. Additionally, as of the 26th report, 11,344 large speculators exited long positions on the Great Britain pound.
📉 Expectations:
Anticipate the pair to re-test key support levels as highlighted in the attached chart.
📊 Trading Strategy:
This trade is based on a combination of fundamental, technical analysis, and candlestick patterns. It's a long-term position, so ensure sufficient margin to manage market fluctuations. Implement proper risk management in line with your account size.
🚦 Trading Rules:
1️⃣ Rule 1: If the trade does NOT surpass our entry level (GREEN LINE ON THE CHART), Do not enter the trade.
2️⃣ Rule 2: When the market hits Target 1, consider closing some positions or move your STOP LOSS to ENTRY price for safe trading.
3️⃣ Rule 3: After reaching Target 1, avoid placing new trades based on the same signal/alert.
4️⃣ Rule 4: If the market consolidates for more than 2 days, close the trade and patiently wait for the next favorable trading opportunity.
Trade responsibly. Past performance is not indicative of future results.
Feel free to ask any questions or discuss further! 📊📉
GBPCAD Bearish Breakout!GBP-CAD was trading along
The rising support line but
Now we are seeing a bearish
Breakout so I will be expecting
A bearish move down after
The local rebound !
GBPCAD Short TradeMARKET PHASE
OANDA:GBPCAD is in a long term downtrend (daily) with a short term corrective structure that has been taking place (4 hour).
AREA OF VALUE
Price continued to break new highs within this corrective structure. Eventually, price reached an area where sellers stepped in, resulting in a buildup of liquidity (buy stops, longs, short stop losses) above the corrective structure swing highs. Price violently moved up to trigger the buy stops (liquidity) to pair against the sell orders needed to take price down. Price has already started it's initial move down, the velocity of the downward move caused a gap in price around 1.71512. Price has not retraced to this level, we have our sell limit pending.
TRADE
I will be entering short on OANDA:GBPCAD with the following parameters:
Sell Limit: 1.71512
Stop Loss: 1.71762
Take Profit: 1.71012
GBP/CAD +170 Pips 0 Drawdown , New Entry After D Closure !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Sell GBPCAD Bearish ChannelThe GBP/CAD pair on the M30 timeframe presents a potential selling opportunity due to the presence of a well-defined bearish channel pattern. This suggests ongoing selling pressure and a higher likelihood of further declines in the coming minutes or hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 1.7262, positioned close to the channel resistance. This offers an entry point near a potential reversal zone.
Target Levels: Initial bearish targets lie at the previous support levels within the channel, now acting as potential resistance zones: 1.7185 and 1.7162. Further downside targets could be determined using other technical analysis methods like Fibonacci retracements or extensions.
Stop-Loss: To manage risk, place a stop-loss order above the broken resistance line of the channel, ideally around 1.7285. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you
GBP/CAD Gave 1 Hour Ago +50 Pips 0 Drawdown , New Entry Valid !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
This Res Pushed The Price 1000 Pips , Is That Will Happen Again This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
GBPCAD - MARCH 11, 2024Overall this is counter-trend to go short so we can mitigate a discount demand zone at 1.72535. Let's see how price plays down from 1.73272. Cheers.
