GBPCAD - short at H1The last top has reached the Zone of Daily wave
Should to sell follow the Reversal signal (drop beyond 120 fibo Extension)
Sell from the wave 2 to wave 3
Gbpcadsell
Short idea for GBPCADGBPCAD is down trending due to printing LHs & LLs, and it is moving in a descending channel, recently price action seems to print a new LH as a typical counter-trend and has reached to upper down trend channel and then inner counter trend line has broken and pulled back to near it, also forming a Head and Shoulder pattern is possible.
All in all this is an short idea and it would be triggered if we could see price break local pullback trend line in lower time frames (for example H1).
GBPCAD Bearish Harmonic Pattern and Strong Resistance above!GBPCAD will fall soon after hitting the Strong resistance line or after completing the harmonic pattern.
GBPCAD Short Trading Idea (H&S - Sell The Retest)This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
GBPCAD, Sell .H4:
- Trend: Downtrend
- Channel down
- Testing support daily--> breakout and closed below
--> Waiting pullback--> Given signal--> Sell
( Prior analysis GBPCAD www.tradingview.com )
GBPCAD, Sell.H4:
- Trend: Downtrend
- Channel down
- Testing support daily--> breakout and closed below
--> Waiting pullback--> Given signal--> Sell
( Prior analysis GBPCAD www.tradingview.com )
GBPCAD Sell setupGBPCAD accelerating in a multi-days bearish channel, with succession of lower top, i am expecting it to make a new low over the coming days, since momentum indicators are suggesting the view as well, if you have your trading strategy, look for short plays.
Happy Trading.
GBP/CAD - 200 Pips+ Bearish Move OpportunityGBP/CAD wasn't able to keep up with the bullish daily trend move and moved under the 50 ema once again.
It is now not showing any good signs of support and is barely able to keep it's current level. It's making more lows.
I expect a break below the current support zone to happen within the next 48 hours.
A good move to keep an eye one.
Happy trading! Follow your rules!
GBPCAD Short The bears are definitely in control of this market. Price has made its way back up to former support and can be now identified as resistance. What makes this setup so attractive is the fact that there is a "Shooting Star". With this retest we can be sure to enter short positions and ride all the way down to the 1.68000 area.
GBPCAD Peaking followed by minor signs of dropping Hi Guys,
If we Look at this chart, there seems to be a reversal at 1,8048 followed with a drop. Hence, i think we can start to short GBPCAD.
Be aware that this chart still has an upward trend and if we draw diagonal line from the bottom to the top, I would expect some retracement period at 1,7410, so you can take some profit here.
IF this this chart passes the line followed by a pullback, i would target the 0.5 level, but if there is major resistance at the upward trend line, i would close this trade with the profit.
Let's see where it goes
T/P1 at 1,7410
T/P2 at 1,6939
S/L at 1.8070
Please don't risk more than 2% of your capital
Hope you get some profit from this idea
Cheers!
GBP/CAD Buy TradeHere is the below chart GBP/CAD is on uptrend possibility, So there is a possibility for GBP/CAD Buy until price @ 1.77732.
Sell GBPCAD Longterm Based on H&S Chart Pattern on Weekly TFThis research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
Please comment below and Like if you agree with my analysis.
Crude oil strength means Loonie strength v1I've been disgustedly inactive due to hectic school schedules as well as slow internet connectivity. For that, I will be publishing my rationale on why I entered the following trade.
For the past days, I've been obsessed with Canadian Dollar pairs.
If this Forex pair does break the graphed line, it may possibly dip to the 1.59500 area.
Sell opportunity on GBPCAD This is my current view on GBPCAD . I think the whole downtrend is a corrective structure. Let's see!
