GBPCAD Analysis 2Sep2023GBPCAD Analysis is still in accordance with the previous analysis. Seen in a few weeks the price is between 2 Snd. This pair has not yet entered the bearish criteria.
GBPCAD
GBPCAD TECHNICAL ANALYSIS Greetings, traders
I wish you all a happy new month. This morning, we're going to be following GBPCAD.For the first entry, we are watching price movement in the 1.7111 zone, and for the second entry, we are watching price action at 1.7000.Implement sound risk management. Please like and follow me if you appreciate my work.
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.
GBPCAD Analysis H4Here is my analysis for GBPCAD on H4 using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
GBPCAD - Bullish continuation ✅Hello traders!
‼️ This is my perspective on GBPCAD.
Technical analysis: Here price respected perfectly previous analysis, price filled the imbalance and mitigated bullish order block. Now I look to add long position and the target is to make new BOS.
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GBPCAD H4 | Potential bearish reversal?Based on the H4 chart analysis, we can see that price is currently at our sell entry at 1.7168 which is an overlap resistance that aligns with 38.2% Fibo retracement.
Our take profit will be at 1.7087 which is a multi swing low support level. The stop loss will be placed at 1.7248
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GBPCAD : Short Trade , 1hHello traders, we want to check the GBPCAD chart. The price is moving in a descending channel and has pulled back to the specified key level. We expect this level to play the role of a resistance level and cause the price to fall to around 1.70800. Good luck.
GBPCAD - Looking To Sell Pullbacks In The Short TermH1 - Bearish trend pattern.
Currently it looks like a pullback is happening.
No opposite signs.
Until the two strong resistance zones hold I expect the price to move lower further in the short term.
GBPCAD Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
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Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
Gcad could be starting to go higher after this pullback...
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GBPCAD: Massive Long! BUY!
My dear friends,
My technical analysis for GBPCAD is below:
The market is trading on 1.7115 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.7203
Recommended Stop Loss - 1.7058
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
GBPCAD Potential DownsidesHey Traders, in the coming week we are monitoring GBPCAD for a selling opportunity around 1.72000 zone, GBPCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.72000 support and resistance zone.
Trade safe, Joe.
GBPCADGBPCAD Price is near the resistance zone. If this resistance still works well It is expected that in the short term there is a chance that the price will decline.>> GooD Luck 😊
GBPCAD→ ANOTHER HUNT?hello guys...
as you can see the pair made a three-drive pattern and at the end break out the trend line of this pattern.
besides that, this pair made a qm pattern at the last drive so we can count on a short position
but you should consider that this pattern happens at the last daily higher high so it is so possible if the price wanna annoy USD and gather some stop-loss, so if the stop-loss hits we can wait for another short setup, let's see!
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GBPCAD Will Move Lower! Sell!
Take a look at our analysis for GBPCAD.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 1.726.
The above observations make me that the market will inevitably achieve 1.723 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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GBPCAD - The GBP Is Unstoppable!Analysis:
This is another setup that we see involving the GBP and this is pretty much the same as our GBPUSD setup. Firstly looking at price it's clear to see that we're in an upwards trend. We're forming higher highs and higher lows. We also have an upwards trendline which is being respected giving us even more confluence that we're in a strong upwards trend. Price formed this pullback last week which was expected, however we've now pulled back to an area that interests us and an area where we expect to see bullish momentum form. At this level we have a previous area of resistance. As we know resistance often becomes support once broken so this to us looks like a possible area of support. We have more confluences however which line up with our area making it not just a possible area of support but instead a strong area of support. At this level we have the 61.8% fib retracement level. This is often classed as the strongest fib retracement level meaning that we should see buyers step in and push price higher, going in favour of our idea. Another confluence that we have is the upwards trendline. When this trendline has been touched in the past we've see it be respected then the buyers step in and push price higher. History often repeats itself especially in trading so we expect this to happen. Again going in favour of our bullish thesis. The final technical confluence that we have is the slowing bearish momentum. On Friday last week we saw some bullish momentum step in and take control of the market, which is a strong sign to us that we could be seeing price reverse and continue its move to the upside. This morning we had some news that was negative for the GBP, however this move that we got, in our opinion was an over reaction and we expect to see price continue with the bullish momentum we saw come into the markets at the end of last week. We don't just have the technicals on our side but we also have the fundamentals. Currently the GBP is the 2nd strongest major currency whereas the CAD is the 4th strongest major currency giving us even more reason to be long on this pair. That's not the end of it though. As of the most recent COT report we saw an increase of 18K short positions and an increase of 24K long positions on the GBP, which is bullish. For the CAD however we have a different story. We saw an increase of 3K short positions, whilst seeing a decrease of 1K long positions. This is bearish for the CAD. Both the fundamentals and the technicals favour being long on this pair which is why we have a bullish bias.
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Stay Safe - The JPI Team
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This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
GBPCAD Analysis H1Here is my analysis for GBPCAD on H1 using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
GBPCAD - 4hrs ( Buy 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 important points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
✔️ Key Technical / Direction ( Long )
Bullish Break
1.71600
Reasons
- Major Turn level / D
- Visible range Lvn
- Chcoh Break
- Day / week High
Bearish Reversal
1.73100 Area
Reasons
- Major Turn level / W Area
- Pattern Target
- Visible Range / D Hvn
- Major Choch Area
- Quarter's Area
GBPCAD - 4hrs ( Target 1 Hit + 65 PIP / Full Tp 200 PIP ) Pair Name : GBP/CAD
Time Frame : 4hrs
Scale Type : Large Scale
Analysis Way : Volume + Classic + High & low + Market Map
Direction : Long
📋 Educational
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🗒 Just browsing through my analysis means a lot to me.
➡️ Update -
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VIP Opportunity
Take Profit 1
Account Growth = 5 %
Pip' Achieved = 65 PIP
GBPCAD - 4hrs ( Up + 130 PIP / Tp 2 - Full Tp 200 PIP ) Pair Name : GBP/CAD
Time Frame : 4hrs
Scale Type : Large Scale
Analysis Way : Volume + Classic + High & low + Market Map
Direction : Long
📋 Educational
—————**-
🗒 Just browsing through my analysis means a lot to me.
➡️ Update -
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VIP Opportunity
Take Profit 1 + 2
Account Growth = 10 %
Pip' Achieved = 130 PIP
✅GBP_CAD SHORT FROM RESISTANCE🔥
✅GBP_CAD is approaching a supply level of 1.7355
So according to our strategy
We will be looking for the signs of the reversal in the trend
To jump onto the bearish bandwagon just on time to get the best
Risk reward ratio for us
SHORT🔥
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Bearish GBPCADNew Strategy. Previous day lows broken and price retested 50% fib. This is a bearish signal. Sell overbought GBPCAD to nearest support 1.71000.
