GBPCAD 12HThe price is in a good support zone that is accompanied by price action. With a proper risk management, you can make a good profit from this trade.
GBPCAD trade ideas
Bearish momentum to extend?GBP/CAD is rising towards the pivot and could drop to the 78.6% Fibonacci support.
Pivot: 1.7896
1st Support: 1.7829
1st Resistance: 1.7957
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GBP_CAD RISKY LONG|
✅GBP_CAD is going down now
But a strong support level is ahead of 1.7860
Thus I am expecting a rebound
And a move up towards the target at 1.7910
LONG🚀
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GBPCAD The Target Is DOWN! SELL!
My dear friends,
GBPCAD looks like it will make a good move, and here are the details:
The market is trading on 1.8067 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 1.7965
Recommended Stop Loss - 1.8120
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
How To Hedge Forex Positions And Protect Your CapitalIf you want to learn how to protect your capital via hedging, then watch.
It's a highly advanced method, which helps a lot on continued rallies.
Clear example on the latest up move via GBPCAD.
Gbpcad is still bullish. New buy opportunityWe have a recent break of structure to the upside and imbalance left behind. A simple expand, retrace and mitigate setup. Our swing low broke structure so we enter at discount zone and target last high
RR=1:3.5
GBPCAD Short Fakeout TradeGBPCAD Short Fakeout Trade
In the Asian session we close above the Previous Weekly High + Previous Day Low and Local High and then returned creating a double top, waiting for push down.
Stop Loss 3 pips above the zone: 1.80246
Take Profit: 1.79759
1. R:R 1:1, 0.5% Risk
2. After reaching TP closing half and moving SL to Breakeven
3. Trailing the rest with market structure on M15 and later H1
Close the loser before hitting full SL if price moves back to the breakout level without follow-through.
Close the winner if a reversal signal forms (e.g., engulfing pattern, pin bar), especially on higher timeframes like H1.
GBPCAD: Bullish Continuation I spotted a clear bullish breakout above an important intraday resistance level on the 📈GBPCAD pair.
It is likely that the market will continue to rise. The next resistance levels to watch for are at 1.8089 and 1.8145.
#GBPCAD bearish upcoming move
A clear 5-wave bearish impulsive move, followed by an ABC bullish correction, sets the stage for a potential bearish wave C or wave 3.
From a trading perspective, it’s not crucial whether the next wave is C or 3, as both scenarios indicate a likely bearish move. Additional confirmation comes from the bearish divergence between potential waves 3 and 5 in the current bullish leg (wave C).
To enter the trade, ensure you wait for a proper bearish breakout on a lower timeframe for confirmation.
GBPCAD DOR BUY.After price broke above a resistan zone which confirms price bullishness, wait for retest and enter long position.
GBPCAD swing trade idea(1:10RR)Hi,
GBPCAD swing short setup. It´s similar to our USDCAD analysis sent out yesterday, with many confluences indicating for a impulse downwards(Quarterly VWAP and fib levels). Be careful to trade this pair, as their is many macroeconomic news next week for both the currencies.
This analysis is taught and provided by Fractals Trading Community.
Trade safely and expect the unexpected,
Mei
GBPCAD ShortIts now reached the .618 on the daily fib and formed a 3 point retrace formation on the hourly.
Waiting for a clean break of the trendline for a entry confirmation
Short idea GBP/CADGbp has had a steady increase to the .618 fib.
A 3 point retrace pattern has formed at my point of interest on the hourly.
Waiting for a bearish confirmation of trendline break to enter
GBPCAD Long - same as ECAD, GBPCAD looking to go long on GCAD at the open tomorrow provided volume support the same on LTF
GBPCAD What Next? SELL!
My dear subscribers,
This is my opinion on the GBPCAD next move:
The instrument tests an important psychological level 1.7981
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.7908
My Stop Loss - 1.8029
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
GBP/CAD For Bullishyou can go long now
or
wait for entry point and go long
- General Trend is Up
- H4 Bullish Candle
- CAD is Under pressure
have fun :)
GBPCAD 11 Oct. 2024Hello my dear friends Pound - Canadian dollar is in an uptrend and i personally believe that today, it will go up again and will hit our target
GBPCAD SHORTSWeekly.: Engulfin candle in the making, 4th touch of trendline and pattern formation.
Daily: Bearish
4h: bearish
Psych level: 1.79000
Break and retest of trendline
Area of interest
Possible EMA retest
Fri 11th Oct 2024 GBP/CAD Daily Forex Chart Buy SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a GBP/CAD Buy. Enjoy the day all. Cheers. Jim
Range manipulation in the HTF level. Short is possibleRange manipulation in the HTF level. Short is possible
I will be looking to position myself with my students and followers as highlighted on the chart if we get the confirmation.
Accumulation / Manipulation / Distribution
- No liquidity raid = No trade
- Never buy high and never sell low
“Adapt what is useful, reject what is useless, and add what is specifically your own.”
Dave FX Hunter ⚔
GBPCAD: Will Keep Falling! Here is Why:
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current GBPCAD chart which, if analyzed properly, clearly points in the upward direction.
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