Gbpcadshort
Short Opportunity on GBPCADAccording to Fibo Retracement From the last TOP
Resistance Level on Daily Timeframe
Retest Uptrendline
Gbpcad wait for aproch supply zone then we enter sellGbpcad wait for aproch supply zone then we enter sell we need to wait for approaching supply zone then we confirmation in 15 TF then we enter sell long term
GBP/CAD SHORT SELL OPPOTUNITY NOW..
💹GBP/CAD ⏬SELL @ 1.72283 ((Scalping Trade))
✅TP-1# 1.72048
✅TP-2# 1.71488
⛔️SL 1.72857
N.B-ITS WAVE CORRECTION ENTRY AND SO USE SMALL LOT PLZ.
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GBPCAD ShortWaiting for a small pull back on GBPCAD to 1.72800 and then sell off to support at 1.69200
GBP/CAD 4HR BUY AND SELL SET UP???Hi TRADERS this is my trade set up for the GBP/CAD for the new week ahead
GBP/CAD We have two scenarios a possible breakout of the very strong resistance area and if it does break out will be a nice strong move higher, next scenario we get a good rejection of the resistance level and we take a sell
clean crisp charts I hope it helps if you have any questions please private message me
good luck for this weeks trading
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GBPCAD | Important LevelGBPCAD has approached to important level after bouncing from 0.5 fib level. Two senario can play form here;
a) Bullish: It is looking in good momentum after bouncing from fib level 0.5. It will likely to break the overhead resistance. One can take long position on break of horizontal area.
b) Bearish: Last time price hit from the same zone and took correction of around 300 pips. If it gives bearish sign then one must look to short it.
Trade your levels accordingly.
GBPCAD Approaching Key LevelGBPCAD is approaching the 2022 High made on Jan 6th. Price action around this level should determine the short term direction for us to jump in.
A breakout above this level could give us a nice risk/reward trade to follow the trend and ride it up to the next key level of resistance, an area that seemed to see a magnetic effect followed by reversals a number of times in 2021 (5+ times depending on how you measure this).
Alternatively, the Jan 6th high will be a level a large number of traders will be watching and price is starting to look a little overextended.
This previous high could easily act as resistance and see a nice reversal. Price has been respecting an upward trendline and trading steadily above the 20 SMA/EMA, but price has seen a couple of spikes toward this high followed by quick rejections, and momentum for GBP appears to be weakening, as can be seen in the Currency Meter indicator where average GBP RSI is decreasing.
An aggressive short entry would be a close below the rising trendline. With closes below the SMA/EMA being more conservative short entries.
If price reverses I expect to see a temporary pullback not a full reversal, with expectation of a higher low on the Daily.
Overall I'd be happier to see a reversal and take a short, but I'll be watching price action and will jump into a long if we see a strong push and hold above the previous high with broader strength from GBP and broader weakness from CAD on the Currency Meter.
GBP/CADSell: GBP/ CAD
SL @ 1.73540
TP @ 1.72050
Max Risk: 2%
(When calculating, do not forget about different spreads from Brokers)
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Have a good week to everyone
It is not an investment recommendation
GBPCAD ShortHey traders, we are monitoring GBPCAD for a selling opportunity around 1.706, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
shortH₄ Support turned to a strong resistance ( SR FLIP) and in 15 min TF market shift has been initiated, so now we wait for price to reach the resistance, and we sell as indicated on the chart via short RR tool. We expect a fall of 200 pips.
GBPCAD ShortWaiting for GBPCAD to break out our bearflag (correction leg) and break support of 1.70100 before we get into the sell. Price has bounced at this level so we stay patient and wait for the break
GBPCAD ShortHey traders, in this week we are monitoring GBPCAD for a selling opportunity around 1.706 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
SHORT ON GBP/CADOn the 4hr timeframe price has broken and retest old support as new resistance.
Overall trend is down and price has bounced multiple times off of the 38.2 Fibonacci level is also rejecting the 50 period moving average. (high confluence)
I expect price to bounce one more time off the 38.2 fib level then drop.
Here is the play I will be taking on this pair:
PAIR = GBP/CAD
ORDER TYPE = SELL STOP (PENDING ORDER)
LOT SIZE = Micro lot (0.01) (0.02)
ENTRY PRICE = 1.69706
STOP LOSS = 1.70959 - 125 PIPS
TAKE PROFIT = 1.68104 - 160 PIPS
GBP/CAD 4HR SELL SET UP Hi TRADERS this is my trade set up for the GBP/CAD for the new week ahead
i am expecting a pullback into the order block zone and will be looking for a SELL trade only if it meets your criteria for a trade then execute
This is my analysis only please trade with caution and risk management in place
good luck for this weeks trading
please like and comment both are welcome
GBPCAD ShortGBPCAD finally broke for us and confirming our sell bias. Waiting for another chance to short once we get a break below the support of 1.71000. Then we can scale in a 4th position with 0 risk
GBPCAD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPCAD Short IdeaConfluences
- Break of structure
- Smart Money Technique
- Divergence
- Support & Resistance Flipped Zone
- Approaching QM level for optimal trade entry
FOREX ANALYSIS : GBPCADFX:GBPCAD
The blue and red lines mean: I think prices can return in these areas.
Green lines mean: I think the price can reach these areas. They are therefore known as transaction targets.
If you want to use this deal, please risk only one percent of your account balance.
FOREX ANALYSIS : GBPCADFX:GBPCAD
The blue and red lines mean: I think prices can return in these areas.
Green lines mean: I think the price can reach these areas. They are therefore known as transaction targets.
If you want to use this deal, please risk only one percent of your account balance.
GBPCAD ShortGBPCAD closed the weekly as a lovely pinbar, we are still long term bullish as with our previous analysis and this hasn't changed considering the monthly still closed bullish however we believe there will be a correction down before we see it close higher next month potentially. We are waiting for a correction up and a rejection off the level specified before taking trade.
R:R = 1:3:1
GL.
