GBPCAD: Weak Market & Bearish Continuation
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the GBPCAD pair which is likely to be pushed down by the bears so we will sell!
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GBPCAD
GBPCAD Technical Analysis! SELL!
My dear subscribers,
My technical analysis for GBPCAD is below:
The price is coiling around a solid key level - 1.7720
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 1.7613
My Stop Loss - 1.7797
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
GBP/CAD BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
GBP/CAD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 1.751 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the GBP/CAD pair.
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GBPCAD - 4hrs ( Sell Trade Target Range 180 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
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Bearish Reversal
1.77900
Bullish Reversal
1.75650 Area
Reasons
- Major Turn level
- Fibo Golden Zone
- Pattern Target
- Quarter's High Area
- Choch Zone / Majoe
GBPCAD - Overbought Zone AheadHello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 GBPCAD has been overall bullish from a long-term perspective, trading within the rising channel in red.
Currently, GBPCAD is approaching the upper bound of the channel.
Moreover, it is also approaching the upper bound of the medium-term channel marked in blue.
🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the upper red/blue trendlines acting as non-horizontal resistance.
📚 As per my trading style:
As #GBPCAD approaches the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
SELL Off Imminent ?? Drop to 1.73 Next??As per my last trade idea on this pair we got the dip back down under the 1.73 mark and are now well inside the Monthly SELL zone fast approaching the 1.78 mark were I mentioned that the market may target (see related post)
So, what's next? Over the coming days and weeks, it’s likely we’ll see a sell-off for this pair.
On the weekly charts, the 1.775 level is a key resistance point where the market has repeatedly pulled back.
Zooming into the lower timeframes, the pair appears extremely overbought across all lower TF charts. This condition at a key resistance level typically signals an imminent trade in the opposite direction.
I will be patiently waiting for any SELL signals using my TRFX indicator, from the 4-hour to the daily chart. Once the first signal occurs, I plan to build a short position.
The initial target for this trade is the previous resistance area of 1.73, where buyers are likely to regroup for another attempt to break through the 1.775 resistance level before potentially moving back down toward 1.70 or lower.
Given the key resistance and overbought conditions, a sell trade seems the most logical next step.
Share your thoughts in the comments.
(P.S. I've been a bit busy the past few weeks, so I haven't been as active on the platform.)
GBPCAD - 4hrs ( Buy Trade Target Range 150 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 ( Long )
Type : Mid Term Swing
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🦸♀️Bullish Break
1.74750 Area
Reasons
- Major Turn level / d
- Trend Line Area
- Choch Area
- Fixed Range Hvn
- Visible Range Hvn
🦸♀️Bearish Reversal
1.76250 Area
Reasons
- Major Turn level
- Fibo Golden Zone
- Pattern Target
- Quarter's High Area
- Choch Zone / Majoe
GBPCAD: 500+ Pips Buy When It's Ready! Dear Traders,
Hopefully you are doing great, based on our previous analysis where we had anticipated price to grow around 1000 pips, price rose 500+ pips from our first entry. Now, price is approaching our second area of entry. Where we can see a strong bullish volume to kick in the market. Please use risk management accordingly. Good luck and trade safe.
good luck and trade safe.
GBP/CAD +420 Pips 0 Drawdown , Important Update Now !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
GBPCAD Under Pressure! SELL!
My dear subscribers,
My technical analysis for GBPCAD is below:
The price is coiling around a solid key level - 1.7486
Bias - Bearish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 1.7406
My Stop Loss - 1.7536
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
GBPCAD: Sell opportunity !!! (Details on caption)Well, the price hit the HTF FVG and shifted the market structure in the hourly chart, then respected the bearish FVG and created the bearish order block.
Now we can expect the price to trade to the bearish order block and then continue the bearish move, in this scenario, we need LTF confirmation for entry.
💡Wait for the update!
🗓️10/07/2024
🔎 DYOR
💌It is my honor to share your comments with me💌
GBPCAD Will Move Lower! Sell!
Here is our detailed technical review for GBPCAD.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 1.747.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.740 level soon.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
Like and subscribe and comment my ideas if you enjoy them!
Could price bounce from here?GBP/CAD is falling towards a support level which is a pullback support that is slightly above the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 1.7413
Why we like it:
There is a pullback support level that is slightly above the 50% Fibonacci retracement.
Stop loss: 1.7339
Why we like it:
There is a pullback support level which aligns with the 78.6% Fibonacci retracement.
Take profit: 1.7512
Why we like it:
There is an overlap resistance level.
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.
GBP/CAD +160 Pips 0 Drawdown , New Entry Valid To Get 200 Pips !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Bearish reversal?GBP/CAD is rising towards the resistance level which is an overlap resistance that is slightly below the 127.2% Fibonacci extension and could reverse from this level to our take profit.
Entry: 1.75115
Why we like it:
There is an overlap resistance level which is slightly below the 127.2% Fibonacci retracement.
Stop loss: 1.75584
Why we like it:
There is an overlap resistance level which aligns with the 88% Fibonacci retracement.
Take profit: 1.74155
Why we like it:
There is a pullback support level.
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.
Bearish reversal?GBP/CAD is rising towards the pivot which has been identified as an overlap resistance and could potentially reverse to the 1st support which acts as an overlap support.
Pivot: 1.75133
1st Support: 1.74061
1st Resistance: 1.75973
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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 What Next? BUY!
My dear subscribers,
This is my opinion on the GBPCAD next move:
The instrument tests an important psychological level 1.7363
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.7374
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