Gbp-cad
GBPCAD SHORT TRADEGBPCAD rebounded from supply zone at level 1.7700
Pair respects downtrendline
Price is based below key level at 1.7335
and below HVN at level 1.7471 which indicates that pair is in distribution phase
Pair is forming descending triangle pattern
Below SMA 100
MACD shows weakness in bullish momentum
RSI is below level 50
It's expected for coming bearish wave to target the demand zone at level 1.6635
GBPCADWhere would you enter your position?
This is my technical analysis on this pair – applying a breakout strategy on the 1H timeframe.
Only if all the rules of the strategy are met, will I enter a trade on this pair.
Updates will be posted.
#breakout #swing trading #forex
GBPCAD CLOSE TO ITS SUPPORTHello my fellow traders, hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis.
As we can see, the price is currently close to its support. One can wait for the confirmation.
Let us know your views on this in the comment section. Thank you all.
There is good news for our followers. We will be analyzing on-demand. So let us know which pair you want our analysis on and we will get it for you. Do like and follow us.
Ryan.R..Lopes
GBP/CAD Break or Bounce by ThinkingAntsOk🔸 4H CHART EXPLANATION:
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🔸 Price is moving sideways on the 4H chart and it is about to face the Support Zone.
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🔸 We will trade this pair based on the reaction in that zone.
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🔸 If it is broken, then there is potential for a downside move towards the Ascending Trendline, and, if price bounces, then we could see a bullish move towards the Resistance Zone.
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🔸 Will look for a lower timeframe setup when the scenario is clear.
🔸DAILY CHART ANALYSIS:
GBP/CAD | Room to the down side Gap in the market with price consolidating above it. Potential opportunity for a short from 1.74986
Entry: 1.74986
TP: 1.73874
SL: 1.75349
GBPCAD AnalysisPrice retracing into key fib levels from the recent 500pip rally. Also at first area of support. High probability trade setup here offering a 3.2 R/R.
GBPCAD longGreetings. Please leave a Like if you like the idea.
GBPCAD Long From Demand Zone with 1% risk only.
Peace Out!
Not a Financial Advice
GBPCAD SHORT TRADEGBPCAD rebounded from supply zone at level 1.77
Price retested broken uptrendline, then bearish movement occurred
MACD shows negative momentum
RSI is in downtrend
It's expected for coming strong bearish wave to test the key level at 1.6985
GBPCAD - SWING - 04. MAY. 2020Welcome to our weekly trade setup ( GBPCAD )!
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1 HOUR
Very bullish price action taking out several highs.
4 HOUR
Overall sideways waving market structure, expecting a break to the downside.
DAILY
Price action slowed down at range high, good short entries!
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FOREX SWING
SELL GBPCAD
ENTRY LEVEL @ 1.75330
SL @ 1.76810
TP @ 1.73110
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
GBPCAD 4HGBPCAD experience the surge in long movements after the ECB data however GBP is expected to extend the long for sometime aiming at the major resistance above it
GBPCAD Analysis Price currently at resistance, offering a low risk - high reward setup. We will be looking next week if we can see any rejection signs from this area. From a COT perspective banks continue to reduce their exposure to sterling despite the recent gains. CAD is entering oversold territory and could see some relief going into next week.
GBPCAD SHORTCURRENTLY HOLDING AGAINST DAILY TRENDLINE
HEAVILY OVERBOUGHT ON 1 HOUR TIMEFRAME
TESTING 61.80% FIB RETRACEMENT LEVEL
CURRENTLY FORMING A DOUBLE TOP ON 30M TIMEFRAME
WAIT FOR PULLBACK AND MACD CONFIRMATION BEFORE ENTRY AS A BREAKOUT HERE COULD CREATE NEW HIGHS
GBP/CAD: Shorting at the marketHi guys,
I am shorting the pair to the next support as shown in my chart.
It is below multi timeframe KUMOS and daily pivot and I think the current support will not hold since the pair was retracing.
I will monitor the position with a SL above the previous high.
Best,
Jesse
*** Trade at your own risk ***
GBPCAD CLOSE TO BREAKOUT IN SYMMETRICAL TRIANGLE Hello my fellow traders, hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis.
As we can see, the pair is inside Symmetrical triangle. One can wait for its breakout.
Let us know your views on this in the comment section. Thank you all.
There is good news for our followers. We will be analyzing on-demand. So let us know which pair you want our analysis on and we will get it for you. Do like and follow us.
Ryan.R..Lopes
GBPCAD - SWING - 27. APR. 2020Welcome to our weekly trade setup ( GBPCAD )!
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1 HOUR
Very strong bullish pressure and price action.
4 HOUR
Overall bearish market turning after 1.735 got hit!
DAILY
Great pullback and wave pattern, expecting a push to the upside now.
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FOREX SWING
BUY GBPCAD
ENTRY LEVEL @ 1.74480
SL @ 1.73480
TP @ 1.75930
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
GBPCAD SELL limit setup, bounced off key trendlineGBPCAD broke out of a triangle looking towards continuing the sell off. price pushing towards the strong 50% fib and stop loss above the 61.8 fib and downwards trendline. Next target is the next key area of 1.72264 with more potential.
GBPCAD SELL LIMIT
start: 1.74747
stop loss: 1.75408
take profit: 1.72396
BIG SELL IN GBPCADHello my fellow traders, hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis.
As we can see, the pair started falling after hitting its resistance line and will continue till it hits support zone.
Let us know your views on this in the comment section. Thank you all.
There is good news for our followers. We will be analyzing on-demand. So let us know which pair you want our analysis on and we will get it for you. Do like and follow us.
Ryan.R..Lopes
Nube#37GBPCAD sell @1.74895
SL@1.75578
TP@1.73210
Nice Risk/Reward ratio on this setup. Wave 5 could reach up to 1.7300, so exit points are flexible.
