Gbpcadforecast
GBPCAD Pure LongThis looks safe a nice channel + symmetrical triangle formation (clear on lower timeframes) good confirmation for a long position . Easy 30 - 50pips catch
GBPCAD Analysis 28/09/2020We are in a decent sized range on the hourly, a break of resistance along with the formation of support on lower timeframes can lead to price reaching the next resistance, it would be moving through a 35 pip clean range. However if we break support, we have a 30 pip range to fall through before tapping into the next support, however resistance needs to form first. Two options are available here.
GBPCAD Price broke the Resistanceprice above resistance and ready to make new support if hold we are moving higher
waiting for retest of the zone
GBPCAD 15 MIN SELL @ DIPS !!!we are selling this pair as we see a weakness in pound
and rejection from this trend line now going to retrace to a strong support zone
if break that it will fall more till our tp-2
guys if you like the idea ur big tanks is just like
GBP/CADHello traders, a breakout of the wedge pattern will give us a good long entry. Take profit 1.7141 FX:GBPCAD
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GBP/CAD... SHORT!After a big fall price had to correct before continuing heading down.
Once this expanding ascending channel breaks, expect bears to come in. Selling Pressure!
GBPCAD / LONGI see price bouncing off of the weekly trendline and it appears to be forming a wedge
If it looks good ill take a long on this pair and await a breakout
GBPCAD short idea..GBPCAD like most GBP pairs is signaling a drop soon. Price has been downtrending on H4 before breaking out of the trendline, and forming a short uptrend. We also have retracement up to 50%. A break out of the ascending trendline and CP (Corrective Pattern) will confirm my entry. Again, on the monthly, like all GBPXXX pairs, this pair is downtrending as well. Sooner or later this will end up back at the peak low again. Just a question of time when this will happen.
GBPCAD - BEARISH BIASGBP - BEARISH
1️⃣ Latest jobs report showed the UK unemployment rate rose to 4.1% as the number of people being laid off rose at the fastest pace since the financial crisis.
2️⃣ Investors remained cautious ahead of a Bank of England's policy meeting on Thursday on rising expectations of negative interest rates.
CAD - BULLISH
1️⃣ Traders’ risk appetite was boosted by optimism about the resumption of AstraZeneca’s coronavirus vaccine trials.
2️⃣ WTI crude futures rose amid a weaker dollar and concerns over supply disruptions in the US Gulf of Mexico as Hurricane Sally approaches the region.
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TECHNICAL
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- We are looking to short this pair on SBR level + SMA100 area on H1 chart.
- GBPCAD on bearish zone.
GBPCAD Long Term BuyI am waiting for the price to touch the support of D1 and I am getting for a long position.
Look for long entry on GBPCADWait for an rejection or wick in this area then wait for that rejection to close, then take the LONG position.
GBPCAD LONG PRICE ACTION FORECAST After getting a strong bounce from the support level, the price action shows bullish momentum, expecting upward movement continuation. A long entry could be set after the retest of the critical level.
Fundamentally speaking, it worth to mention the bearishness in the black gold commodity is impacting the Canadian dollar across the board.
The order:
Type: buy-limit
S/L: 94 pips - R:R | 1:3.5 -
T/P: previous swing high
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