Gbpcadanalysis
GBPCAD 4H TIMEFRAME ANALYSISHello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied
GBP/CAD Short Time BUY mood ........
GBP/CAD CHORT TARM BUY MOOD UP TO 1.75600 LEVEL,THEN IT CAN BE LONG FALL.
GBPCAD Short Analysis Hey traders, here is the analysis for the GBPCAD. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks. NOTE - Please do your own analysis before taking the trade.
GBPCAD, 4hr TF, inverted HnS pattern in playAs you can see there is an inverted HnS pattern on this pair.
Price actually already broken above the neckline and go down retracing a little bit. If you count that retracement, it stopped exactly at 61.8 fibonacci retracement.
In my opinion we will see a continuation to the upside so we will buy this pair.
Buy GBPCAD 1.7400
Stop loss 1.7300
Take profit 1.7600 (2R)
Use only 1-2% risk
Good luck
GBP/CAD Trying To Close Above Our Res So Let`s Catch This ChanceThis 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 - H+S formedGBPCAD has been rangebound for the past week or so but it looks like resistance may soon break.
Watch out for a break of the neckline. Also watch for a failed breakout before continuing further down. I could personally see the scenario on the chart playing out.
Happy trading:)
GBPCAD – New Week Analysis – 5-Apr-21
📈 BUY ZONE – 1.73493 to 1.72993
🔷 Take Profit 1 - 1.73693 (20 Pips)
🔷 Take Profit 2 - 1.73993 (50 Pips)
🔷 Take Profit 3 - 1.74493 (100 Pips)
⛔ Exit / SL - 1.72493
There is potential for the price to move higher, its showing support for price reversal around 1.73500 region, if this support holds then we can see the price bullish towards 1.74500.
GBPCAD H4 : Buy confirmation after retestGBPCAD SWING TRADE:
Buy confirmation after retest
SL 20 - 30 pips
GBPCADGBPCAD SHS pattern
has completed its right shoulder we all we have to do is wait for it to break the neckline
We should expect a long team buy 📈📉
GBPCAD – New Week Analysis – 29-Mar-21
📉 SELL ZONE – 1.73673 to 1.74173
🔷 Take Profit 1 - 1.73473 (20 Pips)
🔷 Take Profit 2 - 1.73173 (50 Pips)
🔷 Take Profit 3 - 1.72673 (100 Pips)
⛔ Exit / SL - 1.74673
GBPCAD W5 Mar 2021GBPCAD
Long Setup
💪🏼 Price broke out of a corrective phase and descending channel. This breakout indicates a possible Wave-1 and a possible retest to occur for a Wave-2. Signs of rejections off the zones will provide for long opportunities.
Higher timeframes shows price is trading above the Daily and Weekly 200EMA with a Daily bullish engulfing. Weekly timeframe is plotted with a ABC movement to the upside with a complex correction of Wave-B. Starting of Recent bearish movement has brought us to the golden 61.8% retracement level.
2 targets in place:
TP1: Previous highs at 1.79000 (Fib Ext of 0.50)
TP2: 1.90000 (Fib Ext of 1.00)
GBPCAD | Perspective for the new week | Follow-UpPrice activities moved the other direction as price Breakout of the uniform range between CA$1.76000 and CA$1.68000 as the Pound gained traction following a recent reduction in the price of Oil (explained in my last publication, see link below for reference purposes); I shall be looking forward to Bullish entries in the coming week(s).
Tendency: Uptrend ( Bullish )
Structure: Breakout | Supply & Demand
Observation: i. Demand Level III has remained "Supported" since December 2020 as we have experienced the consecutive rejection of this level in the past three months.
ii. The last quarter of 2020 witnessed the emphatic rejection of CA$1.75000 not until a Breakout of this level in late January 2021 giving us a clue that participants have finally gained a pint of confidence for the Pound.
iii. However, since the Breakout of CA$1.74000 early this year, this level appears not yet strong enough to hold price ( a feat showing doubts in the recent Bullish bias) as we experienced a significant breakdown in mid-March 2021.
iv. This brings my attention to Demand Level III, which has held price eight different times in the recent past and with the Bullish engulfing candle springing out of this level last Thursday, I shall be expecting a Breakout/Retest of CA$1.74000 (Demand Level IV) in the coming week(s) to join the rally.
v. As CA$1.74000 remains my Key level going into the new week, I shall be waiting to see a Breakout/Retest of this level (anywhere above Demand Level IV) to join the rally.
Trading plan: BUY confirmation with a minimum potential profit of 400 pips.
Risk/Reward : 1:4
Potential Duration: 10 to 20days
NB: This speculation might be considered to make individual decisions on the lower timeframe.
Watch this space for updates as price action is been monitored.
Risk Disclaimer:
Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
GBPCAD has a strong buy signal!!GBPCAD has just rejected weekly and monthly support and highly likely that price will have a jump upward.
a buy signal will be a high probability.
Possible sell setup for GBPCADWill be looking at this pair next week and what will happen at that support level.
GBPCAD- Waiting for the retest on our resistance box, then shorting the position and closing it at our supportive trend line.
GBPCAD SELL SETUP 1:3 RRThe Price Breakout and Pullback 4H support. SELL NOW and Take profit at 1D support
GBPCAD - Buy Entry - H4 ChartGBPCAD - Buy Entry - H4 Chart
Buy @ Current Market Price
Stop Loss @ 0.5% to 1% of your Account Balance
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🔺 DISCLAIMER
🔺 The content of this analysis is subject to change at any time without notice.
🔺 It is provided for the sole purpose of assisting traders to make independent investment decisions.
🔺 You must do your own research to create your own trading plan for the market.
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