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Gbpcadshort

GBPCAD H4 SHORT PRICE ACTION FORECAST If the price can close above the 200MA, it will mark the uptrend continuation. However, from a broader look at D1, the pair remains under a robust bearish bias. Closing last Friday with a strong bearish candle, we could expect the downtrend movement toward lower levels. The order: Type: sell-stop S/L: 83 pips - R:R | 1:3 - T/P: previous supply zone -- *** If you like the idea, don't be shy, click on like and comment. If you disagree, just comment ;-) | Thanks for your support!!! ***
Short
by OGFXTRADER
GBPCAD H1 SHORT PRICE ACTION FORECAST A steadfast bearishness is under control of this pair. The seller pressure should rest before it continues the downward movement towards the previous support level. A healthy pullback for the downtrend continuation will give further confirmation, and it allows the placement of a short entry. The order: Type: sell-limit S/L: 55 pips - R:R | 1:3 - T/P: support level -- *** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
Short
by OGFXTRADER
GBPCAD - BEARISH BIASGBP - BULLISH 1️⃣ Investors dumped riskier assets and turned to safety amid renewed concerns about US-China relations after President Trump banned transactions with Chinese tech group Tencent and with the owner of TikTok ByteDance, citing a threat to national security. 2️⃣ Bank of England left monetary policy unchanged, saying Britain's economy will take more time to recover from the pandemic-induced recession than initially thought. CAD - BULLISH 1️⃣ Oil prices jumped to its highest since March amid a massive decline in crude oil inventories and hopes for a fresh US stimulus package. 2️⃣ Unemployment rate in Canada fell more than expected to 10.9% from 12.3% previous. ===== Technical ===== - We short on break on support level to become SBR level + SMA50 area. - GBPCAD in bearish zone.
Short
by MonsunAsia
GBPCAD - SWING - 04. AUGU. 2020Welcome to our weekly trade setup ( GBPCAD )! - 1 HOUR Market about to turn bearish.. 4 HOUR Bearish price action and pressure formed, good short entries! DAILY Overall bullish market about to break back towards previous lows. - FOREX SWING SELL GBPCAD ENTRY LEVEL @ 1.74750 SL @ 1.76470 TP @ 1.72060 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
Short
by DACapitalTrading
37