ACCORDING TO DOW THEORY CONCEPTIN this GBPCAD chart trend is about to reverse from bullish market to bearish market. I can say so because series of Higher High and Higher low has stoped
GBPCAD trade ideas
GBPCAD: First red day, Tuesday day 2Hi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you!
“Trade setups, not movements”
1. DAY OF THE WEEK (Failed Breakout, False Break, Range Expansion)
Monday DAY 1 Opening Range
Tuesday DAY 2 Initial Balance ✅ day 3 cycle
Wednesday DAY 3 (reset DAY 1) Mid Point Week
Thursday DAY 2
Friday DAY 3 Closing Range
2. SIGNAL DAY
First Red Day ✅
First Green Day
3 Days Long Breakout
3 Days Short Breakout
Inside Day
3. WEEKLY TEMPLATE
Pump&Dump ✅
Dump&Pump
Frontside
Backside ✅
4. THESIS:
Long: not interested, although there is volume trap below yesterday closing price, so potentially a dump and pump of Mon and Tue, the 3 session setup is not part of my entry criteria for a long setup.
Short: primary, first red day when setup correctly is a good potential sell high opportunity. Short are in the market and Tue placed a lower low into the current LOW. Tue usually expands the range but this is not the perfect scenario.
However, if until 10am MRN release, if the market will place a current HOD, locking it, I will be willing to take a short setup.
Please note that the purpose of my analysis is to help me and you hunting the best trade setup for the day, none of my technical aspects are a way to forecast any directional market movement.
Gianni
GBPCAD(Short) High RRTurtle soup Trading Strategy
The Turtle Soup strategy, however, flips the script, aiming to profit when those anticipated trend.Linda Raschke’s Turtle Soup strategy is a counter-trend trading approach that capitalizes on failed breakouts.
It takes inspiration from the famous Turtles trading experiment, where novices were trained on a trend-following system.
240 min short gbpcadBroken trendline which will lead to shorting positions up to the indicated support level.
GBPCAD (Sell) ShortWe have been given a reversal on higher time frame where the price is right now we can sell our take profit is at weekly bend.
Pullback support ahead?GBP/CAD falls towards the pivot and could bounce to the pullback resistance.
Pivot: 1.7755
1st Support: 1.7698
1st Resistance: 1.7850
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GBP/CAD Potential shortHi Traders.
We see this pair was in an ascending channel.
we reached a double top area and now we see a LTF bearish impulse out of the ascending channel. now we are forming a LTF correction, when we see a breakout from the ltf correction we can expect more down movement.
GBPCAD: Time For Pullback?!GBPCAD hit a strong level of horizontal resistance last week. The market had been consistently increasing within a rising wedge pattern.
Following a test of the horizontal resistance, a downward movement initiated and the pair broke closed below the wedge's support.
Since the pair is currently in an overall bullish trend, this breach could lead to a retracement. The target for this pullback is set at 1.7727.
GBPCAD Short PositionSeasonality Analysis: Historical data suggests a bearish seasonality for GBPCAD during this period, indicating a higher likelihood of downward movement in the pair.
RSI Bearish Divergence: The Relative Strength Index (RSI) is showing a bearish divergence. This occurs when the price is making higher highs, but the RSI is making lower highs, signaling that the upward momentum is weakening and a potential reversal is likely.
Trendline Break: The price is approaching a key trendline, and a break below this trendline would indicate a shift from the current uptrend to a downtrend. This break would act as confirmation for entering a short position.
Trade Setup:
Entry: Use a sell stop order to enter the short position once the price breaks below the key trendline. This ensures that you only enter the trade if the bearish trend is confirmed.
Stop-Loss: Place a stop-loss order above the recent swing high or just above the broken trendline to limit potential losses. Adjust the stop-loss level according to your risk tolerance.
GBPCAD - 4hrs ( Sell Trade Target Range 200 PIP ) Pair Name : GBP/CAD
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
Key Technical / Direction ( Short )
Type : Mid Term Swing
———————————
Bearish Break
1.77800 Area
Reasons
- Major Turn level
- Visible Range Hvn
- Fixed Range Value
- Channel Break
- Choch
- Day Low
Bullish Reversal
1.75000 Area
Reasons
- Major Turn level
- Visible Range Hvn
- Trend Line
- Pattern Target
- Quarter's Area
- Fibo Golden Zone
GBPCAD sell this morning for 35 pips using evening star patternI entered this trade at 9am est after the evening star formed on the 8hr time frame . I identified that gbpcad was also at a past level of resistance where it reversed before . And also seeing that the past uptrend was being broken .
GBPCAD Long This trade is with the H4 trend
There is a pattern on M15
Not that much divergence but because this is a fast trade expecting not that much consolidation.
40 pip stop loss
GBPCAD Bank Money Heist Plan On Short DirectionMy Dear Robbers / Traders,
This is our master plan to Heist GBPCAD Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Stop Loss : Recent Swing High using 4h timeframe
Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
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SUPPLY AND DEMAND / PRICE ACTIONIn this analysis we are focusing on 4H time frame for GBP/CAD. Here I'm looking potential buy today. Now we will wait when price come into our zone and after confirmation we will execute our trade. According to our strategy , let's delve deeper into these levels and potential out comes.
Always put stoploss for your trade.
# GBPCAD 4H Technical Analysis Expected Move.
GBPCAD - Look for a long !!Hello traders!
‼️ This is my perspective on GBPCAD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for a long. My point of interest is price to fill the imbalance lower and then to reject from bullish order block.
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GBPCAD Trend-following LONG 15m
Strategy Explanation
GBPCAD is in a very strong uptrend now in HTF, our trades must follow the trend in order to most effectively increase the probability to win.
Buy Limit Order entry: 1.78141
SL: 1.78043
TP: 1.78506
RRR: 3.76
Cautions
If this trade fails, it does NOT mean the trend has reversed. Personally I will still look for LONG opportunities until some HTF downward Break of Structure confirmation has formed.
GBPCAD bearish reversalGBPCAD making bearish reversal with double top
Bearish divergence
EP below last significant HL
SL above last HH and the double top
GBPCAD - ShortGBPCAD is trading in an ascending channel, where the price retesting its recent highs at 1.7825. Further higher at its next resistance level 1.7872 a resistance from Feb 2021 is lying ahead whereas a reaction for a retracement lower is anticipated with the next target ahead of 1.7650.
GBP_CAD RESISTANCE AHEAD|SHORT|
✅GBP_CAD will be retesting a resistance of 1.7861 level soon
From where I am expecting a bearish reaction
With the price going down but we need
To wait for a reversal pattern to form
Before entering the trade, so that we
Get a higher success probability of the trade
SHORT🔥
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GBPCAD - 4hrs ( Sell Trade Target Range 200 PIP ) Pair Name : GBP/CAD
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
------
spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
Key Technical / Direction ( Short )
Type : Mid Term Swing
———————————
Bearish Reversal
1.78000 area
Reasons
- Major Turn level
- Major Counter Trend
- Choch zone
- Quarter's Area
- Fixed Poc Area
Bullish Reversal
1.76000 Area
Reasons
- Major Turn level / D
- Visible Range Lvn
- Fixed Value
- Pattern Target
- Choch Zone
- Fibo Golden
GBPCADcurrently on GBPCAD on the daily timeframe price has taken out the previous day high and on the 4-hour timeframe price has taken out the previous candle range high and closed below it, indicating strong reversal to the downside.
GBPCADFrom here, I see signs of a downward spiral, treat it with caution as a technical analysis of the decline.
$GBPCAD | Watchlist | Sell Limit | Technical Confluences:
- Stochastics has entered into Overbought conditions in the Daily and H1 Timeframes
- Price looks like it will target the top of the smaller parallel channel; it coincides with the 50% Fibo Extension levels
- If the 50% Fibo levels break, we may visit the 61% Fibo Extension level; the next range of Interest Zone and the top of the larger Parallel channel
- Gauging the Elliot wave count, GBPCAD is trying to complete Wave 3 move (we will then enter this trade to capture the Wave 4)
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Will be looking to set some Sell Limit orders in the Sell Limit Zone area and Target the 50 - 61% Fibo Retracement levels
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