GBPCAD Potential DownsidesHey Traders. In today’s trading session we are monitoring GBPCAD for a selling opportunity around 1.71300 zone, GBPCAD was trading in an uptrend and currently seems to be attempting to break it out. If we get dips below 1.71 i will be watching a potential retrace of the trend towards more lows.
Gbp-cad
Gcad could be starting to go higher after this pullback...
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The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
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🔥 NEW: GBPCAD 🔥 DT SWING 🔥Requested by: @YOUNGMILLIONS21
SLO @ 1.7310 📉
SSO @ 1.7250 ⏳
TP1 @ 1.6725
TP2 @ 1.6235
TP3 @ 1.5875
TP4 @ 1.5325
BLO @ 1.4860 ⏳
While major moving averages are reflective of strong buying pressure, overall, the major oscillators are nearing indicating sell signals.
This could be point to Price Action being in Supply.
The RSI indicator and the MACD indicator are neutral, but the Stochastic oscillator is overbought.
STRATEGY: PIP MOVEMENT
Scalping: 10 pips
Intraday trading: 10-50 pips
Swing trading: 50-100 pips
Position trading: 100-200 pips
POSSIBLE SHORT ON GBPCADWeekly and monthly price action for GBPCAD appears to point towards a bearish sentiment and thus we expect shorts this week as we run into weekly lows, keep our fingers crossed and wait for the markets to come to us. Structural candles and confirmation on 15m bos entry.
Goodluck
Potential Long GBPCADGBPCAD posted a green weekly Heiken Ashi candle. This suggests to me that it may go up next week. However, a green daily Heiken Ashi candle has not yet posted on the daily time frame. Therefore, I must wait until it does. If a green candle does not post by close of day Monday, then I will no longer consider this trade anymore.
GBPCAD: Running out of steam, start of the reversal?In my opinion GBP is building up for a big fall this year, and it has to start with a lower high.
Oil prices are rising, and as much as the FED don't want this, it's happening, and this should be good for CAD.
I can see a rising wedge pattern, we can see spinning tops forming and it looks like we're running out of steam, I believe we'll initially fall back to the 1.7 support / round number.
I'm waiting for my entry, I expected GBP to fall before now, but the BoC unemployment news wasn't supportive last week.
GBPCAD: Double long term Buy opportunity.GBPCAD is testing the 1D MA50 as Support on neutral 1D technicals (RSI = 49.135, MACD = 0.001, ADX = 29.493). This is an early buy signal. However since the long term pattern is a Channel Up, the downside potential extends as low as its bottom of the HL trendline. Throughout its formation, the 1D MA100 has constantly provided Support, more specifically three times since February 16th.
Consequently, if a 1D candle is closed under the 1D MA100 (again it will be the first time inside this eight month Channel Up), we will add a second buy position near the 1D MA200. The current buy (1D MA50) targets the top of the Channel Up (TP = 1.74500), the lower buy targets the 1.382 Fibonacci extension (TP = 1.75150).
Prior idea:
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Shorting GBP/CAD ahead of BOE rate decision(150 pip)Hello Traders
we expect a 150 pip drop in GBPCAD after BOE rate decision.
Our technical view has been shown in the chart.
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Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
GBPCAD Potential DownsidesHey Traders, in today's trading session we are monitoring GBPCAD for a selling opportunity around 1.69900 zone, GBPCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.699000 support and resistance zone.
Trade safe, Joe.
Gbpcad likely more of pullback to long,bias up**Find out more from my Tradingview Stream this week**
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The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared.
Thank you, and please do your due diligence before any putting on any trades!
GBPCAD Sell opportunity on this signalGBPCAD is trading inside a double Channel Up pattern, with a rejection yesterday on the shorter term pattern.
The 1day RSI is about to cross under its MA, which has always been a sell signal when on a bullish trend (above 55.00).
Wait for its completion and sell, targeting the 1day MA50 at 1.69400.
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GBPCAD to 1.73 this weekHey Traders! 👋
For Day 42/100 of our challenge, we will look at GBPCAD long idea (based on off-chart data)
Technicals:
- Bullish structure with HH-HL forming
- Expecting this structure to continue
- Looking to go long on 1.715 break and retest
- Weekly target at 1.73
- Invalid idea when 1.695 downside is breached
PMT:
- Seasonality: Bullish
- Pattern predic.: Neutral
- Trend: Bullish
- Retail pos.: Bullish
- COT: Bullish
That's all for today. Been busy during the week. Will start posting daily again.
Have a great mid-week 🥂
GBPCAD 240 MINS TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
Tradelikemee Academy
GBPCAD Potential DownsidesHey Traders. in tomorrow's trading session we are monitoring GBPCAD for a selling opportunity around 1.69100 zone, GBPCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the major trend at 1.69100 support and resistance area.
Trade safe, Joe.
GBPCAD About to Make an Upward Move!The GBPCAD currency pair is in an upward phase by reaching a PRZ zone.
⭐The bullish signals in the PRZ area are:
- Trend line
- Breaking the descending channel
- Moving MA20
-Pivot weekly
⭐ and the bullish signals of market momentum are:
- Hidden divergence in MACD
✳️ Note that you should wait for the break of the trend line and a pullback to it, or enter into a buy transaction after seeing strong bullish candles. On the other hand, if PRZ breaks down with the strength of bearish candles, this analysis ours will be failed.
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Have a nice day and Good luck.
GBPCAD: In neutral zone. Engage only on those levels.GBPCAD got rejected on a LH trend line of a short term Channel Down pattern inside a wider, long term Channel Up. As the 1D technicals are borderline green (RSI = 56.107, MACD = 0.0002, ADX = 32.690), we will proceed with a buy position only if the price closes the candle over the LH and target the Resistance (TP = 1.71415) and similarly sell only under the 1D MA100 and the dotted line and target the 1D MA200 (TP = 1.6500). Observe the RSI's top to book profit earlier if needed.
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Gcad bias on the upside.Trend direction could have flipped on d1, watching for pullbacks.
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Hello there!
If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏
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Thank you!
Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared.
Thank you, and please do your due diligence before any putting on any trades!
GBPCAD, H4 | Bullish breakout Price has broken a key resistance-turned-support level at 1.6855 triggering a push up to 1.6904 which is a key overlap resistance.
The bullish momentum is aided by the bullish channel exit we're seeing.
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GBPCAD Potential DownsidesHey traders, in today's trading session, we are closely observing GBPCAD for a potential selling opportunity near the 1.68900 zone. GBPCAD has been following an upward trend, but it has recently experienced a breakout. It is currently undergoing a corrective phase and approaching the retrace area near the resistance zone of 1.68900.
Trade safe, Joe.