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Gbpcadshort

BEARISH POTENTIAL ON GBPCAD - RETEST?Hi Guys, This week we have this move on GBPCAD on our watchlist, Price has broken bearish on the 4hr as we can see. Price met a point of resistance ( roof of price) after its previous up move and is currently strongly sitting at point of support showing further bearish potential. We should look for a potential pullback to the broken point of previous support and now resistance. And if price does retest this zone, we may see the bears dominate this move.
Short
by Malika_Analysis
3
GBPCAD short trade ideaPlan: wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Short
by GWBFX
GBPCAD, 4hr tf, Shoulders head pattern to materializeHello my friends, Another setup for next week is GBPCAD pairs. Looks like GBP might go down a bit in the coming week as some of GBP pairs crosses making a bearish pattern. This GBPCAD clearly made a shoulders head pattern and price already broken below the neckline. We're now going to wait for a retest at 1.7350 area which the neckline of SHS pattern. Measured objective of this patern are 190 pips. I am not going to enter right away because it won't yield favorable RR ratio. Wait for price to retrace around 1.7350 and we will sell from there. That 1.7350 area not only serve as an area of confluence for resistance but also yielding a 2.5R sell setup. If price never retrace and contiue going down then we will skip this trade. Sell limit 1.7350 Stop loss 1.7420 Take profit 1.7175 (2.5R) RR ratio 1 : 2.5 Use only 1-2% risk Good luck
Short
by HayatoDragonFX
GBPCAD - Bearish BiasGBP - BEARISH 1️⃣ Investors awaited details on post-lockdown restrictions in England. 2️⃣ UK Finance Minister Rishi Sunak warned on Wednesday that the British economy was on course to shrink by 11% this year, while unveiling plans to borrow around 400 billion pounds this year, amounts not seen before in Britain's peacetime. CAD - BULLISH 1️⃣ Boosted by a rally in oil prices and hopes that a coronavirus vaccine will be rolled out soon. ===== Technical ===== We are looking to sell the GBPCAD on SBR + below SMA 50 on the H1 chart.
Short
by MonsunAsia
GBPCAD - Bearish BiasGBP - BEARISH 1️⃣ Intensifying in uncertainty in Brexit negotiations as there are large differences that remain. 2️⃣ Von der Leyen said the disagreement over access to Britain's fishing waters continues to block progress, which, in turn, was seen as a key factor that took its toll on the sterling. CAD - BULLISH 1️⃣ Boosted by a rally in oil prices and hopes that a coronavirus vaccine will be rolled out soon. ===== Technical ===== We are looking to sell the GBPCAD below the resistance of 1.73865 + below SMA 50 on the H1 chart.
Short
by MonsunAsia