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Gbpcadsell

GBP/CAD Is About To Be Smashed By Sellers 🔨🔨🔨💡 Trade Idea 📉 GBP/CAD | Sell Limit Order @ 1.7432 🎯 Target Profit 1.7310 🛑 Stop Loss 1.74933 ❌ Do not risk more than 1% of your account on each trade 🙂 Good Luck ! Description: The price was trading to the downside by posting lower lows and highs. Recently it posted a correction count in a form of a bearish flag pattern. We have an area of confluence between the 50% Fibonacci retracement level & the resistance around the 1.7432 USD level. This could lead to a move downward again to the 1.7310 USD. ------------------------------------------------------------------------------------- Please press “Like” if you appreciate the trading idea 👍 “Follow” for more trading ideas in the future 👀 “Comment” below to share your thoughts with us and other traders 👥 ------------------------------------------------------------------------------------- Risk Disclaimer: All trading ideas published by “collegeofpips” are for educational purposes only. These posts can help you to enhance your trading skills, but please do your own research before opening any trading position. ⚠️
Short
by PriceActionDesk
2
GBP/CAD | Potential Downward Movement 🔨🔨🔨Technical Analysis: The price on the daily time frame is posting lower lows and highs which shows that we are in a downtrend. Lately, the pair posted a correction count toward the daily resistance. By looking on the lower time frame we can see that this correction has a form of bearish flag formation that coincide with a 50% Fibonacci retracement level. This could cause a move downward toward the 1.7310 USD mark. ------------------------------------------------------------------------------------- Trade Idea: Sell Limit Order @ 1.7432 Take Profit @1.7310 Stop Loss @ 1.7493 Trade Safely 🙂
Short
by Forex-Robot-Nation
6
GBPCAD: very interesting signal on DailyHi Traders, This is my view on this cross for the next few days. #GBPCAD Waiting for today's candle closing below yesterday to confirm a bearish environment. Then I personally waiting for the impulse to end and a retracement as well. I remind you that this is only a forecast based on what current data are. Therefore the following signal will be activated only if specific rules are strictly respected. If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals. I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view. Thank You ——————————— Trading Kitchen
Short
by kitchen_trading
GBPCAD - SWING - 25. FEBR. 2021Welcome to our weekly trade setup ( GBPCAD )! - 1 HOUR Bearish price action. 4 HOUR Market turned bearish, expecting more downsite. DAILY Overall good market structure, looking for more pressure. - FOREX SWING SELL GBPCAD ENTRY LEVEL @ 1.76830 SL @ 1.77410 TP @ 1.75820 Max Risk: 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Short
by DACapitalTrading
40
GBPCAD, 4hr tf, sell Wave-3 extension waveHello my friends, Another plan for GBP crosses pairs. We got GBPCAD to trade as well for today. But i am still waiting for price to touch around 1.7200 before entering sell. I use a sell limit order for this pair because it might hit my trade when i was not watching it. As you can see this pair is bearish in my opinion. GBP is very fragile right now because there is fundamental Brexit issues. If we do an Elliott Wave count we could assume that we're now on Wave-3 extension. Inside this extension there is a good setup to trade as well. Wave-3 is not finished yet because we still got wave-iv and wave-v to complete this Wave-3. Wave-iv is on the process and might completed soon. We are going to use wave-i area as our stop loss because we're trying to use Elliott Wave rule for 4th Wave. Sell limit GBPCAD 1.7195 Stop loss 1.7255 Take profit 1.6925 (4.5R) RR ratio 1 : 4.5 Use only 1-2% risk Good luck Check my GBPAUD plan as well on the link provided below. If you find my post useful, give me a thumbs up and follow me for the next updates.
Short
by HayatoDragonFX
2
BEARISH POTENTIAL ON GBPCAD - RETEST?Hi Guys, This week we have this move on GBPCAD on our watchlist, Price has broken bearish on the 4hr as we can see. Price met a point of resistance ( roof of price) after its previous up move and is currently strongly sitting at point of support showing further bearish potential. We should look for a potential pullback to the broken point of previous support and now resistance. And if price does retest this zone, we may see the bears dominate this move.
Short
by Malika_Analysis
3
GBPCAD, 4hr tf, Shoulders head pattern to materializeHello my friends, Another setup for next week is GBPCAD pairs. Looks like GBP might go down a bit in the coming week as some of GBP pairs crosses making a bearish pattern. This GBPCAD clearly made a shoulders head pattern and price already broken below the neckline. We're now going to wait for a retest at 1.7350 area which the neckline of SHS pattern. Measured objective of this patern are 190 pips. I am not going to enter right away because it won't yield favorable RR ratio. Wait for price to retrace around 1.7350 and we will sell from there. That 1.7350 area not only serve as an area of confluence for resistance but also yielding a 2.5R sell setup. If price never retrace and contiue going down then we will skip this trade. Sell limit 1.7350 Stop loss 1.7420 Take profit 1.7175 (2.5R) RR ratio 1 : 2.5 Use only 1-2% risk Good luck
Short
by HayatoDragonFX