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Gbpcadshort

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.
Short
by HUMCRYPTOCLUB
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.
Short
by ForexWizard01
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
Short
by KingTraderFX
13
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
Short
by Trade_Hive_Signals
We expect another falling wave for GBP/CADHello Traders In our last GBP/CAD analysis, we predicted the bearish momentum and made 500-600 pips. after a long retracement, we expect another downward wave. it's too soon to judge because we don't have any solid confirmation yet. I guess "CAD" GDP data will clarify the road. However we feel bearish for GBP/CAD, and expect another 800-1100 pips drop in about two months or so. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
Short
by FortunaInvestments
2
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Short
by MoemenAwadalla
2
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
Long
by ForexPlanet20
GBPCAD - Long from bullish order block ✅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 want price to make a retracement to fill that imbalance lower and then to reject from bullish order block. Fundamental news: This week on Friday will be released monthly GDP on GBP. If the result is negative for GBP, it will support our analysis. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
4
GBPCAD: Bracing for Bearish Wave 5Hello Traders, Here is my current outlook on GBPCAD. In our previous analysis, we effectively identified the initiation of Wave 3 or Wave C, and we entered the market at 1.70913 . Presently, GBPCAD seems to be in the final stages of a corrective Wave 4. Provided that the existing resistance zone holds, we foresee a subsequent break of the trendline to the downside, potentially followed by a retest to confirm our directional bias (conservative approach). Should this scenario unfold as expected, we expect an impulsive bearish movement within Wave 5, with a downside target of 1.62283 . Our invalidation level is at 1.6863 , signifying that the projected scenario would cease to be valid if this level is broken to the upside. Cheers!
Short
by Samuel124
2
GBPCAD - Long from bullish order block ✅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 want price to make a retracement to fill the imbalance lower and then to reject from bullish order block + institutional big figure 1.67000. Fundamental news: On Friday will be released Unemployment Rate in Canada, as well, on Thursday we will see the result of Interest Rate on GBP, so pay attention to the results in order to validate the analysis. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD