GBPCAD will go downGBP-CAD is trading in a Uptrend,
But the pair is double top pattern on the top and also making Bearish Divergence on RSI.
My sell limit is placed under the recent HL.
we are Bearish biased.
Sell!
GBPCAD trade ideas
GBPCAD Possible Long Position BBMA OA ReEntry Zone Zero Loss4H - Re-Entry
1H - 50 EMA Rejection + Bollinger Band Rejection
15m - CSAK + Entry in MALO
Note:
* Cancel trade or cut-loss when candle close Below MAHI (2 Red Color Lines) in 4H and wait for for another POSSIBLE entry
* 1:3 RRR
* TAYOR
A combination of multiple moving averages and Bollinger Bands is the BBMA OMA Ally strategy. It provides an extensive and reliable examination of market trends and patterns by utilizing the strength of both indicators. It is a multi-time frame analysis
I am using the BBMA OA Reentry Zone Zero Loss Strategy as a basic reaction to recent market events, rather than attempting to forecast the market's future course
Bearish reversal?GBP/CAD is reacting off the resistance level which is a pullback resistance that lines up with the 78.6% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 1.77176
Why we like it:
There is a pullback resistance level which aligns with the 78.6% Fibonacci retracement.
Stop loss: 1.78211
Why we like it:
There is a pullback resistance level.
Take profit: 1.76227
Why we like it:
There is an overlap support level which aligns with the 38.2% Fibonacci retracement.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
GBPCAD: Bearish Continuation & Short Trade
GBPCAD
- Classic bearish formation
- Our team expects fall
SUGGESTED TRADE:
Swing Trade
Sell GBPCAD
Entry Level - 1.7705
Sl - 1.7774
Tp - 1.7585
Our Risk - 1%
Start protection of your profits from lower levels
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GBPCAD | SELLExpecting price to drop from this 4hour order block, we will wait for the 15min CHOCH to enter shorts so that we have a favorable RR
Pullback after climactic reversal...On my view, GBPCAD now pullback to the channel line after his climactic reversal.
Canadian dollar can strong again after some rate cut and Pound sterling can weak in this levels against other currencies.
GBPCAD: Important Breakout 🇬🇧🇨🇦
GBPCAD broke and closed above a solid falling trend line on a 4H.
We see a positive bullish reaction of the price to that after its retest.
I think that the pair will keep growing.
Next resistances: 1.776 / 1.781
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GBP/CAD FOR SELL GBP/CAD analysis
1- The downward trend line and full respect for the line
2- The emergence of strong supply areas
3- The appearance of divergence
⚠️ This analysis has no responsibility on us and you enter at your own risk ⚠️
Bearish drop?GBP/CAD is reacting off the resistance level which is a pullback resistance that aligns with the 88% Fibonacci retracement and could potentially drop from this level to our take profit.
Entry: 1.77176
Why we like it:
There is a pullback resistance level that lines up with the 88% Fibonacci retracement.
Stop loss: 1.78211
Why we like it:
There is a pullback resistance level.
Take profit: 1.76227
Why we like it:
There is an overlap support level which lines up with the 61.8% Fibonacci retracement.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
GBPCAD TRADE SETUP✔ Pair Name: - GBPCAD
✔ Classic bearish formation
GBPCAD short time sell setup created. If your analysis matches it take a trade otherwise skip the trade.
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GBPCAD ANALYSISLorem ipsum dolor sit amet. Ex quibusdam assumenda sit cupiditate recusandae quo maxime dolores At magni asperiores quo corrupti corrupti ut quia dolores ut voluptatem iusto. Aut officia atque id possimus voluptate aut veritatis ducimus. In dignissimos incidunt sit internos quos qui nesciunt voluptatibus sit molestiae doloribus ut eius quas et deserunt sunt. Qui amet voluptatibus qui laudantium aperiam qui ipsam quos et sapiente dolores non molestias expedita id galisum rerum qui similique aspernatur.
GBPCAD Will Move Lower! Sell!
Please, check our technical outlook for GBPCAD.
Time Frame: 3h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 1.768.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.760 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Like and subscribe and comment my ideas if you enjoy them!
GBPCADWe can attempt to buy from specified level as it break LH , also bullish divergence occur indicate that it moves upward.
SL , TP mention in chart.
GBPCAD Set To Fall! SELL!
My dear friends,
Please, find my technical outlook for GBPCAD below:
The instrument tests an important psychological level 1.7681
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 - 1.7603
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
———————————
WISH YOU ALL LUCK
GBP-CAD Local Long! Buy!
Hello,Traders!
GBP-CAD is trading in a
Local uptrend and the
Pair is already making
A bullish rebound from
The horizontal support
Of 1.7600 so we are
Locally bullish biased
And we will be expecting
A further move up
Buy!
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Check out other forecasts below too!
Buy GBPCAD, 1hrThis is a good trade for buys as I think bullish momentum is to come with a strong impulse move
-The pair gave us a Head & Shoulder bullish reversal pattern that tells us the buyers are in control of the market now.
-As the market respected the H&S it went to a strong resistance at 1.76150 and crossed it and came back to retest the previous resistance and made it a strong support which is proven by Price Action
- The bullish Flag continuation pattern makes it a good time for an entry
Always risk what you are willing to lose
GBPCAD BUY! 1:2RRGBPCAD on daily time frame is bullish, after little retracement its ready to form another high.
In 4 hour time frame its taken liquidity from downside.
All scenerious indicate a bullush move, this signal is generated by our own developed algorithm..
Consider to follow to get such awesome trades
GBPCAD BUY! 1:2RRGBPCAD on daily time frame is bullish, after little retracement its ready to form another high.
In 4 hour time frame its taken liquidity from downside.
All scenerious indicate a bullush move, this signal is generated by our own developed algorithm..
Consider to follow to get such awesome trades
Bearish drop?GBP/CAD has reacted off the pivot which acts as a pullback resistance and could fall to the 50% Fibonacci support.
Pivot: 1.76355
1st Support: 1.75393
1st Resistance: 1.77179
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
GBPCAD SELL SETUPPrice came back to retest structure low and gave us the rejection I like to see. Looking for a continued bearish wave from here!
GBPCAD bullishmaking HH & HL
EP according to fib buy limit at support
SL below previous HL & support
