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
Gbpcadshort
I think GBPCAD has been bought enough for some possible shortsGBPCAD has been bullish for some time, now I think its almost ready for some possible short.
it was over bought so many time on the RSI.
lets see if it can break the 1.75464 support level for some short or return to its initial trend after breaking the 1.77963 resistance to continue its rally
It's just my Idea not a financial advice
what do you think ?
GBPCAD BULLİSH SCENARİO Hello traders, I hope everyone has a nice weekend. I would like to share one my possible short term bullish scenario for GBPCAD .Please support this idea with like If you find it useful.
We were testing this strong support-demand zone but before this area There was another strong demand area and When we tested this zone We got a bullish rejection and go upside for short term. For next week If we test this zone We will look for nice bullish rejection around 1.74000.
The information given is not a financial advice. Remember this analysis is not %100 accurate. To make decision please follow your own thoughts.
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
GBPCAD Pin Bar On Daily Chart? GBP still strong? 47 Week High!Is that a Pin Bar on GBPCAD Daily Chart? GBP still strong?
47 Week High!
Is a new 52 week high the next victim here?
Some interesting Price action here now midweek across the GBP Pairs.
There is still so much time left in the day to trade, However there is NO DOUBT that many traders will be eyeing the current price structure of this pair and its current appearance on the DAILY CHART which Clearly looks LIKE A PIN BAR is forming,
But remember again there is still plenty of trading hours left in today for that Candle to really change its appearance by the time the day ends.
Our CURRENCY HEAT MAP has called GBP strength up until now which has clearly been working for this month of February.
Maybe its time for GBP to catch it breath having had such a run after the past few weeks.
CAD is still MID range and the Commodity CUREENCIES have remained bullish overall for several weeks so GBPCAD may not be the optimal GBP trade at the moment unless in fact you want to be trading the RETRACEMENT as a MEAN REVERSION trade back to an obvious area of value where the bulls may come back in for another charge higher.
Whichever side you decide to trade the main thing here is to remember where large POOLS of LIQUIDITY remain on the chart.
On the bullish side the 47 WEEK HIGH is a clear point and we have seen a strong reaction therefore if this is to go higher the 52 WEEK HIGH is a clear and obvious location.
Alternatively January 29 high @ 0.7640 if revisited will clear a lot of MONEY as the TREND LINE LONG TRADERS stops would have been cleared and the multi hour CONSOLIDATION under 0.7650 will be cleared too.
GBPCAD Short + S&R 3-1 RRHere is a mark up on GBPCAD as I see it. I am attempting to fade the strength in the Pound against the Canadian Dollar which is currently coming off of 2021 highs. It is a 3-1 risk reward and I am looking for another rotation down to where there was a large impulse move up on the February 4th 2021.
GBPCADGBPCAD SHORT
Confirmation list
1- While price was consolidating confermed a very strong support.
2-The price broke the support area without retesting ,
retesting is happening now so i expect everyone to sell gbpcad below the previous support.
3-I feel so confident
that everyone's sl is gonna be above this area
so i expect the marketto take everyone out,
retest the poi candle and 88.60 fib and then reverse.
4-IMB to be filled
5- This is just my vision scenario and im gonna
enter only if i see the right price action on smaller timeframe.
GBPCAD Looks Good After a Lower OpenAfter opening lower than Friday's close GBPCAD has made a nice run back up to the bottom of its 2 day range. Now that those lows have been swept, I expect that there is opportunity for the pair to go on a nice run. From a fundamental aspect, The Pound has taken a breather after a rather dominant 2020 however, paired against the Canadian dollar I expect for it's strength to continue with new Oil regulations specifically coming into the US, impacting the broader North American Economy. Theses regulations will likely continue cause disruptions in the economy worldwide in the next few months, however based on the fact that Canada will receive direct impact, they are a lot more susceptible to weaker currency comparative to that of Britain whose primary oil provider is Norway.