GBPCAD Short tradeGBPCAD Short trade
Entry point :- 1.76140
Stop lose :- 1.78614
Risk :- 0.75%
Target 1 :- 1.7367
Target 2 :- 1.7119
GBPCAD
GBPCAD Is Going Up! Buy!
Please, check our technical outlook for GBPCAD.
Time Frame: 8h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 1.769.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.782 level.
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 according to VSA unless it breaks the level**Analysis for GBPCAD Short Trade:**
- **Volume Spread Analysis (VSA):** VSA suggests a downward move for GBPCAD, indicated by high volume and impulse buying candles. We will wait for a no-demand candle with low volume or an upthrust candle with low volume to confirm the entry.
- **Entry Confirmation:** The probability for a sell position is high, provided the price does not break above the upper resistance level marked on the chart.
- **Target Projections:** If the upper level is broken, potential targets TP1 and TP2 are marked on the chart. These levels are expected to be reached in the coming week.
GBPCAD Weekly Analysis and OutlookGBPCAD Weekly Analysis and Outlook
This week, the GBPCAD pair has exhibited a marked downward trajectory, closing in a bearish continuation phase. This downward momentum reflects a negative sentiment among traders, suggesting further potential for decline.
Current Market Overview:
The pair has been steadily descending, supported by unfavorable market conditions and bearish sentiment. As it approaches a key support zone, traders should closely monitor the price action. A successful break below this support would likely confirm the continuation of the bearish trend.
Expectations and Potential Scenarios:
Upon breaking the support zone, we anticipate that the GBPCAD will continue its downward momentum. This breakout could open the door to lower levels, offering traders potential opportunities to capitalize on the bearish trend.
Primary Expectation: If the support is broken, the price is likely to sustain its downward movement, potentially targeting lower support levels. This scenario would reinforce the bearish outlook, making it a favorable environment for short positions.
Alternative Scenario: However, if the price encounters strong support and fails to break through, a temporary pullback could occur. Traders should be prepared for this scenario, as it might provide opportunities to reassess entry points at higher levels before resuming the downward trend.
Conclusion:
In summary, the GBPCAD pair is poised for further downward movement following its recent bearish phase. Traders should watch for a decisive break below the support zone, which could serve as a catalyst for continued declines. Maintaining awareness of both bearish and corrective scenarios will be crucial for effective trading strategies. Stay updated with market developments and adjust your positions accordingly.
By Piptera Digital Solutions,
Invest Wisely!
GBPCAD Technical Analysis! BUY!
My dear followers,
This is my opinion on the GBPCAD next move:
The asset is approaching an important pivot point 1.7713
Bias - Bullish
Safe Stop Loss - 1.7645
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 1.7812
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
Bearish drop?GBP/CAD has reacted off the resistance level which is a pullback resistance that aligns with the 50% Fibonacci retracement and could drop to our take profit.
Entry: 1.77221
Why we like it:
There is a pullback resistance that aligns with the 50% Fibonacci retracement.
Stop loss: 1.78162
Why we like it:
There is a pullback resistance level.
Take profit: 1.75989
Why we like it:
There is a pullback support level which lines up with the 61.8% Fibonacci retracement.
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GBPCADOANDA:GBPCAD After the price reaches the specified level,
if you see the Bearish hammer candle in the one-hour ( SHORT POSITION),
and if the desired level is broken, after the pullback buy.
Consider your risk management before entering a trade.
This analysis is for informational purposes only and does not constitute investment advice.
All consequences of using this signal are at your own risk.
GBPCAD - 4hrs ( Sell Trade Target Range 220 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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Bullish Break
1.77500
Rasons
- Choch Area
- Major Turn level / w
- Channel Break Out
- Fibo Golden Zone
- Visible Range Hvn
Bullish Reversal
1.75650 Area
Reasons
- Major Turn level
- Fibo Golden Zone
- Pattern Target
- Quarter's High Area
- Choch Zone / Majoe
trade idea of gbpcad , bearish trend ?? shift of structre ??trade idea of gbpcad , bearish trend ?? shift of structre ?? this trade following my strategy so i'm looking for bearish market because we can see change of market trend and structre shift in 1h timeframe ,, trade with your own risk with proper risk management
My Entry Reasons And How To Make 2500 Pips Weekly 0 Drawdown !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: Expecting Bullish Movement! Here is Why:
The analysis of the GBPCAD chart clearly shows us that the pair is finally about to go up due to the rising pressure from the buyers.
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GBP/CAD winning signals todayI love it when a plan comes together and we all profit from it.
4-hour chart momentum filter is down
1-hour chart CCI is below -100 showing how we "objectively" look at our trending timeframe.
15-min chart shows our TrendCloud momentum signals (3 in a row!)
This was truly worth waiting for and very profitable.
Let me know if you need more info into this trade or trade plan that was used :)
GBP/CAD Made H&s Reversal Pattern , Time To Sell To Get 200 PipsThis 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.
Price rejection off supportBulls are holding the 1.776 level, and now bears seem to be running out of fuel, seen by bullish movement candles. A range formation appeared at this level and RSI shows a divergence. If a decisive candle closes above the M15 range, I will long to the last high
GBPCAD price to drop soon?As you can see I am looking for sells on GC. Knowing the price is trading high in the market and with the first signs of structure shift even on 4H, it would be nice for a price to drop. I marked some targets, let's see what will happen and if we can see sellers getting into the market. One of my favourite setups for this week.
GBPCAD - Look for Continuation Long (Scalping) 1:3!GBPCAD failed to create a new high in the HTF. Zooming into the LTF, the price has returned to the demand zone. With confirmation and strong confluence, an entry can be considered to the nearest supply zone. To minimize risk, the trade can be set to break even if the price breaks the top of the box.
Let's observe how the price reacts to this analysis. Regardless of the outcome, always manage your risk!
Disclaimer:
This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
Some Of My Entry Reasons , How I Have 10 Wins Tardes Per Week !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 BEARS ARE STRONG HERE|SHORT
Hello, Friends!
Previous week’s green candle means that for us the GBP/CAD pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 1.744.
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GBP-CAD Will Go Down! Sell!
Hello,Traders!
GBP-CAD broke the key
Horizontal level of 1.1460
And now we are seeing a
A local pullback but we
Are now locally bearish
Biased and so we will
Be expecting a further
Move down
Sell!
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Check out other forecasts below too!
GBPCAD bearish CHoCHGBPCAD is poised to reverse imminently. On 1HR timeframe, strong change of character (CHoCH) to bearish trend. Pullback into the range to grab liquidity before continuing down to make a lower low. Criteria met on 15min timeframe for entry.
Target next order block on the 1HR timeframe, no resistance on the way down...
I can write about a bunch of smart money concepts: accumulation, inducement, traps, liquidity and order blocks. Honestly, it would just take too long. Let me just say patience is a virtue, lots of educements and a trap or two. I believe they have been mitigated and it is setting up nicely for a Tuesday reversal and continuation to the downside during London session.
Lets see how she plays out.
This is only my idea and not meant as financial advice.
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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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.
