GBPCAD: Market Sentiment & Price Action
The analysis of the GBPCAD chart clearly shows us that the pair is finally about to tank due to the rising pressure from the sellers.
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GBPCAD
Price bouncing off supportPrice has broken out of the downward channel due to buyers holding support. RSI is showing a divergence. Now there seems to be bullish movement at the current level. Taking a trade here to the previous high.
GBP/CAD +50 Pips 0 Drawdown , New Entry Valid After D Closure !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.
GBP/CAD At Strong RES Area , Is It A Good Place To Sell It 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: 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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Bullish trend on GBPCAD#GBPCAD is still on bullish trend but take note that very strong resistance level around 1.78062 while bounce at strong support at 1.73461. Between the area are also support such as 1.75061
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
GBP/CAD Bullish Breakout AlertGBP/CAD has broken out of its ascending wedge pattern, indicating a strong potential for continued upward movement. Traders should watch for further bullish momentum as the pair continues to gain strength.
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
------
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.
GBP_CAD BULLISH BIAS|LONG|
✅GBP_CAD made a retest
Of the broken key level
Of 1.7440 which is now a
Support from where we are
Already seeing a bullish rebound
So we are locally bullish biased
And we will be expecting a
Further move up
LONG🚀
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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
———————————
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.
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GBPCAD: Bearish Continuation
Balance of buyers and sellers on the GBPCAD pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the sellers, therefore is it only natural that we go short on the pair.
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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.
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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.
