GBPCAD short setupGBPCAD deceived traders by making a fake out in the entire market. However, the trend line, which acts as a daily resistance, has been overturned by sellers. Be aware that a sudden crash can happen at any moment FX:GBPCAD
Gbpcadshort
gbpcad sell limit ideaGBPCAD closed very bearish so there may just not be a retracement to the entry point I want to enter this trade at. But I will monitor the markets and enter a position accordingly. However, as of now, I am eyeing to short this pair.
GBPCAD SHORT#GBPCAD was in an uptrend, which it break down, and is likely to continue short according to technical study. Wait for it to retest its support and make a #short.
GBPCAD Sell Trade Opportunity (My View)I Am Done With Gold>>>>>>>>>> Lols::: Nice Sell Trade Opportunity Here Is Presenting Itself With GBPCAD ... Ideal Trade Indicated On Chart With SL & TP Shown... Analysis BASED On Trend...
GBPCAD Short Analysis Hey traders, here is the analysis for the GBPCAD. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks. NOTE - Please do your own analysis before taking the trade.
this channel is break out !this channel is break out and maybe after pull back to this channel going down and take all TP - just risk free and save profit for this trade - dont let lose your profit...
GBPCAD Short setup for next weekHey traders, here is the analysis for the GBPCAD. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks. NOTE - Please do your own analysis before taking the trade.
GBPCAD - BEARISH BIAS=====
MARKET OUTLOOK
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GBP - BEARISH
1️⃣ Rising tensions between the UK and EU over the Northern Ireland protocol pressured the GBP.
2️⃣ Ongoing concerns that the opening of the UK economy could still be delayed due to the implication of the Delta variant of the coronavirus, which reported to be around 40% more transmissible.
CAD - BULLISH
1️⃣ Vaccination rates in Canada remain extremely high, and the government's decision to postpone second doses could prove to be a very effective tactic ahead of the summer.
2️⃣ The Bank of Canada says that the economy will recover strongly following the increasing vaccination program against COVID-19. This could indicate that the Bank of Canada will be tapering at its July meeting.
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TECHNICAL
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- We're shorting #GBPCAD on SBR level + SMA50 area + pivot point level on H1.
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RISK TO THIS TRADE
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This trade will hit stop loss if Brexit issues positive.
GBP/CAD Full Analysis And Many Entries Available In This Video 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
GBP/CAD Moved +50 Pips From Last Analysis, Did you Catch It ?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
GBP/CAD New Short Setup Available After Retest To Catch 300 PipsThis 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 - BEARISH BIAS=====
MARKET OUTLOOK
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GBP - BEARISH
1️⃣ Fears that a COVID-19 variant, first found in India, could delay the next phase of the reopening on June 21.
CAD - BULLISH
1️⃣ A ramp-up in global vaccination efforts and a strong economic recovery could push the loonie higher.
2️⃣ The Canadian central bank is expected to keep its current guidance on interest rate hikes starting in the second half of 2022.
3️⃣ Rising oil prices underpinned the CAD.
4️⃣ Canada's economic growth in the first quarter remained robust.
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TECHNICAL
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We're shorting this pair on SBR level + SMA 50 area + Pivot point level on H1 chart.
GBPCAD - FOREX - 31. MAY. 2021Welcome to our weekly trade setup ( GBPCAD )!
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1 HOUR
Closure below main sr level.
4 HOUR
Pullback from previous lows..
DAILY
Looking for another break towards previous sr level.
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FOREX SETUP
SELL GBPCAD
ENTRY LEVEL @ 1.71260
SL @ 1.71610
TP @ 1.70440
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
GBPCAD facing bearish pressure, potential for further downside!Prices are facing bearish pressure from horizontal swing high resistance in line with 61.8% Fibonacci retracement and 100% Fibonacci extension. Prices might push down towards 127.2% Fibonacci extension, 161.8% Fibonacci retracement and horizontal swing low support level. If prices breakthrough 1st resistance. Prices might face resistance from horizontal swing high resistance in line with 161.8% Fibonacci extension. Ichimoku cloud is also above prices, showing a bearish pressure for prices.
GBPCAD analysisGBPCAD has been rangey since 2019. Started trending down in April 2021, and it seems on the way to the bottom of the range.
I'm not in love with the price action.
GBPCAD / SHORT.... Mistakes were madeCompletely looked at this wrong the other day... its easy to make sense out of nonesense
