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Gbpcadshort

GBPCAD RoadmapGBPCAD potentially to down for +300 pips if the seller manages to push the price to the 1.6930 support level, we need to wait for price rejection to occurs before placing any sell order. **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 the comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Short
by GWBFX
12
GBPCAD short idea..GBPCAD like most GBP pairs is signaling a drop soon. Price has been downtrending on H4 before breaking out of the trendline, and forming a short uptrend. We also have retracement up to 50%. A break out of the ascending trendline and CP (Corrective Pattern) will confirm my entry. Again, on the monthly, like all GBPXXX pairs, this pair is downtrending as well. Sooner or later this will end up back at the peak low again. Just a question of time when this will happen.
Short
by Faizxn_ah
GBPCAD - BEARISH BIASGBP - BEARISH 1️⃣ Latest jobs report showed the UK unemployment rate rose to 4.1% as the number of people being laid off rose at the fastest pace since the financial crisis. 2️⃣ Investors remained cautious ahead of a Bank of England's policy meeting on Thursday on rising expectations of negative interest rates. CAD - BULLISH 1️⃣ Traders’ risk appetite was boosted by optimism about the resumption of AstraZeneca’s coronavirus vaccine trials. 2️⃣ WTI crude futures rose amid a weaker dollar and concerns over supply disruptions in the US Gulf of Mexico as Hurricane Sally approaches the region. ===== TECHNICAL ===== - We are looking to short this pair on SBR level + SMA100 area on H1 chart. - GBPCAD on bearish zone.
Short
by MonsunAsia