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GBPCAD trade ideas

GBPCAD H4 300 pips dump incoming short it🔸Hello traders, let's review the 4hour chart for GBPCAD today. Weak support breakdown in progress currently on H4 and I don't expect it to hold the sell side pressure. 🔸There is no strong S/R zones until 7440 currently we are trading at 7730 so I expect the price to slide through the weak s/r zone. S/R zone was tested multiple times recently and only produced a weak bounce therefore expecting breakdown and new dump. 🔸Recommended strategy for GBPCAD traders: short sell at market or short sell any weak bounces near market price, SL 60 pips TP1 +150 pips TP2 +300 pips. good luck traders! 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
Short
by ProjectSyndicate
14
GBPCAD – trading the range within an uptrend.. week of 18 NovTwo touches on either side constitutes a range and we see that in GBPCAD. The preceding move was bullish, but we have been in a range since late Sep. Price has been comfortably above the 200dma and this gives me a bullish bias. Current price at the bottom of the range is where a long trade makes most sense. If this works out as I anticipate, we should have a +3R trade. I will add that I like the look of this chart, recent moves are strong and decisive. Note also how the small bullish candles last week had relatively good volumes, while the larger bearish candles had relatively low volumes. Could the bulls possibly be taking over this market? This is not a trade recommendation, it is merely my own analysis. If you decide to trade this, you should be aware that trading carries a high level of risk, so only trade with money you can afford to lose. Please use sound money and risk management, trading without a stop or moving the stop away from price is a recipe for disaster. If you like my idea, please give a “boost” and follow me to get even more. Please comment and share your thoughts too!! It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soros
Long
by Trading_Vista
4
#009 DCA GBPCAD SellI am now entering on the 4H Time Frame. Giving my trades more space. Previously, I placed several Limit Orders, but now, I decided to place less, because I have more space for price to run now. And also, I think that if price goes against me and enters into a drawdown or triggers my other Limit Orders, I should seek to exit for a Breakeven, instead of hoping to make a profit. Breaking even is possible by exiting at the halfway mark between my first position and my last position. Meaning, If I have 3 positions opened, and price is currently at the breakeven price of my 2nd position, I am currently breakeven for all trades because, 1st - -10cents loss 2nd - Breakeven 3rd - 10cents profit which equates to a breakeven. The amount of position is not a problem. As long as price is at the middle of all your positions, you could exit all of the positions and be on an average breakeven (might be in slight loss, or slight profit which all eventually evens out in the long run as you continue trading). 1st - 100$ loss ... 50th - Breakeven ... 100th - 100$ profit Exit at the 50th position and all your trades would be breakeven (excluding the commission. 100 trades would rack up a lot of commission.) Too many thinking. I wanna go do some delivery orders but I feel a blur. 0956SGT 22112024
Short
by ProfessionalDuckHunter
GBPCAD Will Go Up From Support! Long! Take a look at our analysis for GBPCAD. Time Frame: 6h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 1.772. The above observations make me that the market will inevitably achieve 1.782 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!
Long
by SignalProvider
1
GBPCAD: Enter a Buy Trade or Sell Below 1.7860Currently, GBPCAD is trading at 1.7970, and we're opting for a buy trade with a target set at 1.8110. If we’re considering a sell trade, we’ll need to keep a close watch for a break below the support level at 1.7860. This level is crucial because it indicates where buyers have previously stepped in to support the price. If the price drops below this level, it signals that the buyers may no longer be able to hold the price up, and that could be a good time for us to enter a sell position. In this case, our target for the sell trade would be set at 1.7710.
Long
by FXTradingAnalysis
GBPCAD I Potential long from bottom of the channel Welcome back! Let me know your thoughts in the comments! ** GBPCAD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
Long
by BKTradingAcademy