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Gbpcadsignal

GBPCAD Short Trade Setup A #short trade opportunity recently presented itself on the #poundloonie (#GBPCAD) #trading chart 📉. This is indicated by the #bearish inverted pin bar candlestick 🕯️ pattern just below the 1.72552 horizontal resistance level. This indicates a rejection of the same level, with potential price move in the downward 👇 ⬇️ direction (#sell). Sufficient downward momentum should see price dumping towards the 1.69500 psychological level and possibly testing the strength of the 1.69171 horizontal support level. As always, please apply appropriate risk management. Happy trading! #crosspair
Short
by charles-okoukoni
1
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.
Short
by trading_jupiter
4
DeGRAM | GBPCAD selling opportunity from confluence levelGBPCAD is moving in the ascending channel; it is creating the harmonic pattern where the D point completes right at the psychological level. Price is approaching the previous high, where the market dropped. The market created a confluence level where we have a harmonic pattern, psychological level, fibo extension level, and dynamic resistance. We expect a bearish move from the confluence. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Short
by DeGRAM
1
GBPCAD Day Analysis | BUY SetupHello Traders, here is the full analysis. I think we can soon UP from this range! GOOD LUCK! Great BUY 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💰
Long
by TheGrove
1
GBPCAD Trade IdeaGBPCAD has demonstrated a recent bullish trend, evident on the 4-hour time frame by the development of higher highs and higher lows. The current price swing indicates an imbalance beneath the price, potentially serving as a re-balance target. My approach involves anticipating a retracement into the 50-61.8% fibo zone, creating a favorable discounted entry point. It is essential to underscore that this analysis is intended purely for educational purposes and should not be interpreted as financial advice.
Long
by fxtraderanthony
DeGRAM | GBPCAD divergence at the resistance levelGBPCAD market is trading in an ascending channel, and it created divergence at the resistance. Price made a double top at resistance and created an engulfing candle. On the daily chart, the price is actually at resistance, so it will be harder to break through it. We expect a pullback to the support level that perfectly lines up with the 50.0% fibo level. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Short
by DeGRAM
1
GBPCAD Analysis. Swing Trade Signal! Hello everyone i want share my idea about GBPCAD. At the pair on higher timeframe we first we had some pretty bullish movement which brake resistance at 1.685, for me that zone is interested price, for that i used my Fibonacci toll which helped me to identify this zone and if we look at the price movement we see some strong reaction first touch was aggressive buy, but then sellers were stronger and drop down the price where took liquidity and came up. with that movement i saw now we have more buyers than sellers, the buyers active at my marked support and Fibonacci high volume zone for the reason i decide to long this pair and for that i have some scenes, where i am right and where i am wrong. Scene 1 - price has high reaction from buyers at the level and going higher with strong movement. Scene 2 - price coming down strong which has high rection from buyers at Fibonacci 88.60 LVL and going strong up with strong movement, with it it taking liquidity and more buyers opening long positions. Scene 3 - Price don't have reaction from buyers its coming down to 88.60 Fibonacci LVL, there are more sellers than buyers and price continue fall, at the moment i am completely wrong and getting stop. My reward ratio here is 1:5 if i will be right. Open long position-1.6865 Stop Loss - 1.67600 Take profit - Trend following. I am risking at the trade 2%!! ALWAYS MANAGE YOUR RISK AND MAKE YOUR OWN RESEARCH!!!
Long
by elmakacho