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Gbpcadshort

GBPCADWelcome back guys Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. GBPCAD in a trend channel path, I think there will be chance for a sell entry because its touched the resistant line in the up trend STOP LOSS 1.74500 ENTRY POINT 1.73000 TAKE PROFIT1 1.72500 TAKE PROFIT2 1.71500 TAKE PROFIT3 1.71000 Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts. The information given is not Financial Advice. Please support this idea with a LIKE if you find it useful Wish you luck guys
by Bexi03
1
GBPCAD - Bearish BiasGBP - BEARISH 1️⃣ Brexit negotiators will fail to agree anything in talks this week, thus missing the mid-November deadline to finalize a deal. 2️⃣ The unemployment rate in the UK increased to 4.8% in the third quarter of 2020, higher than 4.5% in the previous period and 3.9% a year earlier. CAD - BULLISH 1️⃣ The CAD benefitted from the rising in oil prices amid coronavirus vaccine hopes. 2️⃣ Risk-On tone support the CAD. ===== Technical ===== We are looking to sell GBPCAD at the resistance on H1 to minimize the loss and maximize the profit.
Short
by MonsunAsia
1
GBPCAD, 4hr tf, sell elliott wave 5th waveHello my friends, For today, i am gonna trade GBPCAD again. Previously i took +170 pips profit banking 5.6% profit from a sell setup that i shared at November 4th. This setup gonna be a continuation of previous wave analysis that i shared at October 30th As you can see, i expect price to go down again because we still on the 4th wave right now. Price could drop to around 1.7000 - 1.6960 which is around 170-210 pips drop from this point. This is also supported by the last few candles of GBPCAD showing sign of reversal. There is inside bar exactly at resistance and doji candles showing indecision. Sell GBPCAD 1.7170 Stop loss 1.7240 Take profit 1.6960 RR ratio 1 : 3 (3R) Use only 1-2% risk Good luck
Short
by HayatoDragonFX
GBPCAD, 4hr tf, sell the bearish engulfing rejectionHello my friends, Another setup for you is GBPCAD pairs. If you find this post useful, don't forget to give this post a like and follow me for my next update. As you can see there is a bearish engulfing rejection exactly at 1.7180 resistance. There is also descending trend line at this area so we could say this is an area of confluence. Previously i posted about GBPCAD bearish with elliott wave analysis Some friends might not able to catch those trade and being left out. Well, don't worry because this could be another opportunity to enter here. As for those who already enter this trade, then you could use this opportunity to add some more positions. Sell GBPCAD 1.7170 Stop loss 1.7240 Take profit 1.6960 RR ratio 1 : 3 (3R) Use only 1-2% risk Good luck Disclaimer : I sold GBPCAD from 1.7170
Short
by HayatoDragonFX