GBPCAD Short Idea!Following the bearish trend, I entered at the discounted price level, targeting the recent lows with a stop at the previous high.
CADGBP trade ideas
Potential bullish rise?GBP/CAD has reacted off the support level which is a pullback support that lines up with the 38.2% Fibonacci retracement and could rise from this level to our take profit.
Entry: 1.7696
Why we like it:
There is a pullback support that aligns with the 38.2% Fibonacci retracement.
Stop loss: 1.7638
Why we like it:
There is a pullback support level that aligns with the 50% Fibonacci retracement.
Take profit: 1.7829
Why we like it:
There is a pullback resistance level that lines up with the 78.6% Fibonacci retracement.
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Wait for it to touch 1.77500 again on Tuesday and SELLThe trend has changed. We are going down. Using simple OTE levels, you can find short positions.
My confluences for this trade.
- bearish trend in the H4 timeframe
- H4 OTE
- Psychological level 1.77500
- Above the weekly open
- it just formed a double top.
Remember guys, use proper risk management. No trade is a sure trade. Good luck
LONG TRADE ON GBP/CAD ON 1D TIME FRAME.Here GBP/CAD is in bullish trend making HIGHER HIGHS & HIGHER LOWS and taking support at all the FIB levels.
GBPCAD Outlook💹 Forex:
📈 Bullish Outlook:
GBPCAD has been breaking into new highs on our Weekly, Daily, and 4hr time frame.
Context time frame (1W): Price has been surfing above the 10ema and is showing strength.
Context time frame (1W): Price has brokedown into the 10ema and has showed a valid pullback.
Validation time frame (1D): Price is showing strength and surfing above the 10/50/200 EMAs
Validation time frame (1D): Price has brokedown into the 10ema and has showed a valid pullback.
Entry time frame (4hr): Price has brokedown into the 10ema and has showed a valid pullback.
Entry time frame (4hr): I'm interested in longs if price can get above the 10ema and start showing strength.
Keeping an eye on this. 👁️
GBPCAD Short IdeaBritish Lira index looks toppish also.
I'm shorting both yellow boxes if needed . I am targeting the Purple Moving Average or 1.75635 - 1.76 area
MASSIVE SELL CONTINUATION !!!Hello everyone, hope we are all doing very well !.
My apologies first of all for not sending this setup from the very onset, if you check my EURUSD setup i sent in my profile, you'll see the same analysis right at the point where they both sold from, they both changed structure and they both retested their respective zones before tanking.
This very clean setup is the continuation for the sell !.
Today is kind of slow due to the bank holiday both in Canada and the US.
Use proper risk and money management if you wish to take this trade...you can increase your stop level and put it just above the previous high of this current high !.
My EURUSD analysis and setup similar to GBPCAD's is attached to this post if you wish to see it !.
GBPCAD = BUYHi everyone, I am trading a bullish (counter-trend) for shorts, the LTF structure is also bullish which aligns very well with the pro-counter-trend. I hope you find this setup helpful.
GBPCAD = BUYHi everyone, I am trading a bullish (counter-trend) for shorts, the LTF structure is also bullish which aligns very well with the pro-counter-trend. I hope you find this setup helpful.
GBPCAD has got strong rejection it can be seen that after not crossing the resistance in upward direction the trend has shifted towards bearish now as it is making descent LH and LL
GBPCAD SELLprice is failing to close above the last high, this could be indicating that price wants to reverse, we will monitor on lower time frames how price is moving then may we can enter sells
$GBPCAD short off 4h Supply ZoneComing off 4h supply zone. Short to demand zone @ 1.746. Has some decent support to break through to get down that far.
GBPCAD POTENTIAL SHORT OPPORTUNITYHello Everyone!
How are you all?
Gbpcad is a pair to watch this week, because it is shaping up very nicely for a short trend reversal that we can capitalize on.
So, I will be looking for a short trend reversal because of the following reasons:
1. Potential Double Top
2. The price is forming a potential reversal structure.
3. The price is approaching the value area.
Game Plan:
If the price comes to the VA, and rejects at that level or sweeps the High, and makes a bearish impulse followed by a flag with two highs and lows.
Entry : will look for a risk entry within the flag or a reduced risk entry on the breakout of the flag.
GBPCAD Head & Shoulders BreakGBPCAD has formed an interesting Head and shoulder formation break and we'll probably see a sell off at previous pivot point making a good target.
GBPCAD DROPIf the trendline between 1.76 and 1.77 is broken and has a daily close below it, we could have price drop below 1.74CAD.
DISCLAIMER NOTICE!
This is only my opinion and not a financial advice to set up a trade or invest. Trading or investing without knowledge is highly risky.
Entered a sell on GBPCAD to end off the weekwith using price action i sold GBPCAD at 9am est after the evening star pattern on the 8hr time frame . profited $1400
GBPCAD is in the bearish directionHello Traders
In This Chart nzdcad 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 Chart
GBPCAD Will Move Lower! Sell!
Take a look at our analysis for GBPCAD.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 1.772.
The above observations make me that the market will inevitably achieve 1.759 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!
GBPCAD - Sell TrendThe price has retraced to our marked level with no bullish divergence. The last low is our take profit with instant entry and SL as marked. Let's hope for the profit.
GBPCAD 4HThe price has reached a very strong resistance zone and has reacted to it. We have the two-year pivot at the top of the price, also our trigger line has been broken in the 4-hour timeframe, and we expect further declines to form.
