GBPCAD Trade IdeaGBPCAD has demonstrated a recent bullish trend, evident on the 4-hour time frame by the development of higher highs and higher lows. The current price swing indicates an imbalance beneath the price, potentially serving as a re-balance target. My approach involves anticipating a retracement into the 50-61.8% fibo zone, creating a favorable discounted entry point. It is essential to underscore that this analysis is intended purely for educational purposes and should not be interpreted as financial advice.
Gbpcadsetup
GBPCAD - Looking To Sell Pullbacks In The Short TermH4 - Bearish trend pattern.
Lower lows.
No opposite signs.
H1 - Bearish trend pattern.
Currently it looks like a pullback is happening.
Until the strong resistance zone holds I expect the price to move lower further in the short term after pullbacks.
GBPCAD Looking BearishAnalyzing the H4 chart, we've observed the price recently responding to our sell entry at 1.7046, denoting a noteworthy interaction at this overlap resistance point.
Our target for profit-taking is set at 1.6965, aligning with a corresponding overlap support level.
To manage potential risks, we've established a stop-loss order at 1.7136, strategically placed at a level representing a swing high resistance point. This stop-loss position acts as a safeguard against unfavorable market movements beyond our risk tolerance.
GBPCAD possible drop to support?In our analysis of the H4 (4-hour) chart, we observed a significant market event at the price level of 1.7046. This particular level is considered an overlap resistance, indicating a convergence of various factors that have historically influenced market behavior. Traders and analysts pay close attention to such points, as they often represent areas where the price has encountered resistance in the past, potentially influencing future market movements. The recent reaction at 1.7046 suggests that this level continues to play a role in shaping the price dynamics, prompting market participants to monitor it closely for potential trading opportunities or shifts in market sentiment.
GBPCAD 05-12 Pair : GBPCAD ( British Pound / Canadian Dollar )
Description :
Bullish Channel as an Corrective Pattern in Long Time Frame and Rejection from the Lower Trend Line. It has completed the " 1234 " Impulsive it can break the Previous Resistance Level to complete its " 5th " wave at Upper Trend Line
Entry Precautions :
Wait for the Proper Rejection
Interesting & Risky Short Setup On GBP/CAD To Get 250 Pips ! 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.
GBPCADEveryone,
GBPCAD dropped significantly in recent time, therefore, we think price will retrace a bit before drop further; there many liquidity gaps that are left behind and those gaps are likely to be filled. Wait for the market to make up towards our area and then enter accordingly based on market trend behaviour.
thanks a lot for your continuous support!!
GBPCAD I Double top neckline retest and declineWelcome back! Let me know your thoughts in the comments!
** GBPCAD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
GBPCAD Long Term Selling Trading IdeaHello Traders
In This Chart GBPCAD HOURLY Forex Forecast By FOREX PLANET
today GBPCAD analysis 👆
🟢This Chart includes_ (GBPCAD market update)
🟢What is The Next Opportunity on GBPCAD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
GBP/CAD Shared Yesterday +50 Pips , 2 New Entries Valid Now !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.
Risky Short Setup On GBP/CAD To Get 200 Pips !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 I Downtrend continues with bearish implosionWelcome back! Let me know your thoughts in the comments!
** GBPCAD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
Daily Wave Rider - GBPCAD - SELLGBPCAD
Channel: RED
WK Pivot: RED
AOB: EMA10
CON: SBB
SELL Stop: 0.62878
Stop Loss: 0.63518
TP01: 0.62238
TP02: 0.60958
DWR present as a sell setup on 24 OCT, with Channel and Pivot are red bouncing off EMA10
However, trade is not taken/considered
SPX500: SELL
DXY: UNSURE
OIL: BUY
GOLD: BUY
Daily Wave Rider - GBPCAD - SELLGBPCAD
Channel: RED
WK Pivot: RED
AOB: HL
CON: SBB
SELL Stop: 1.66067
Stop Loss: 1.66896
TP01: 1.65238
DWR present as a sell setup on 20 OCT, with Channel and Pivot are red bouncing off HL
However, trade is not taken/considered
SPX500: SELL
DXY: SELL
OIL: SELL
GOLD: BUY
GBP/CAD Gave Yesterday +130 Pips 0 Drawdown , Entry For N WeekThis 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.
Perfect Chance To Sell GBP/CAD And Get 200 Pips At Least !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 Analysis. Plan for next week.Hello everyone. i want share my idea about GBPCAD.
In my last analysis which was day trade signal price reaction in first couple hours was perfect but then we got strong price push up which stopped me. GBP is still strong bearish, in September we had price pretty strong fall which can give me Bearish signals and ii will try to catch this movement.
I marked some Daily resistances and used my Fibonacci tool from last High to last low, my Fibonacci levels showed me some good entry points but the best entry point i think will be 71.00 level which is exact at 4h resistance.
Downside 4h trendline is broke but it really don't give me any sing of trend change after this fall. I will try to short this pair again and if it will stop me then i will try another short entry point because we have 3 Daily strong resistance.
I will share Signal type this trade if price rection will go with my prediction, first i will wait reaction at the level and than i will share.
Always manage your risk and make your own research!!!