GBP/CAD : Sell on Pullback of the Trendline after complete pullback confirmation can strong sell.
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Gbpcadshort
GBPCAD Potential Sell off? If price fails to break and close above this key level
we will see further movement to the downside on this
pair! as for now our bias is short!
There are double tops
for a target that has us a bit neutral
lets see what time and price will bring
SHORT GBPCADGBPCAD IN A CLEAR BEARTREND, SHORT GBPCAD, SOLD 25% WITH A LIMIT ORDER AT THE HIGHEST MOVING AVERAGE AND THOSE LINES ABOVE SHOW LIMIT ORDERS TO SELL MORE, THE FIRST TARGET IS THE LINE BELOW.
GBPCAD - SELLPrice tends to go the other way at the start of the week before the trend continues, we will wait for confirmation before continuing the sell
GBPCAD: Bearish Targets Once It Breaks Trendline Support1. GBPCAD bounced from the falling channel's resistance
2. A weekly close below the critical support & resistance of 1.7250 area
3. Hidden Bearish divergence in play to push it further down
4. Now it's holding the rising trendline support
Trade Idea:
Sell trade will be triggered on a break of the rising trendline and successful retest as a resistance.
Target 1 is 1.6620
Target 1 is 1.6280
Invalidation: Break above the resistance of 1.7250
GBPCAD Short Idea - Small head and shoulders formation forming, we are currently in a downtrend and below the moving averages. Looking like a great sell opportunity!
GBPCAD - Long Hold Sell Opportunity Potential long-term sell opportunity on this pair, strong bearish pattern currently selling from resistance zone at 1.71. I am expecting price to action a re-test at 1.685 and reject on H4 and daily time frames, to continue bearish movement long-term. If 1.67845 key level is broken in the short-term, there is a strong likelihood that we can expect price to continue to sell to 1.666. Even longer term - if breaks this level, 1.62 would then be targeted with possible potential to reach 1.59. My technical indicators also strongly support this analysis.
GBP/CAD - Sell OpportunityPrice has broken our key level H4 support. We are expecting price to re-test the broken zone before continuing down.
GBPCAD LIVE TRADE Trade taken this morning:
Reason For Entry- Market Pullback followed by Engulfing Candle, also rejection of closing above the 50EMA.
45 PIP SL (1.70664)
TP1- 45PIPS (1.69773)
TP2- 90PIPS (1.69327
TP3-135PIPS (1.68881)
135 PIPS Banked
GBPCAD - Short Outlook - Possible Swing Trade Idea, 18 June 2020With out triple top/rejection on the Fib level 78.6 we see further downside on this pair.
Approaching the trend line , price action appears to be breaking through. Should we get a daily or weekly close below this trend ,we could see a massive shift in momentum.
Wait for retest of the ascending trend line and appropriate confluences to verify short position.
GBPCAD Sell signal setup 3hEnjoy a free signal before the week gets started
Feedback, Likes, comments, and shares would be appreciated.
GBPCAD
Sell Limit: 1.7150 (Best entry takes the most patience)
Stop loss: 1.7250 (100 pips risk)
Take profit: 1.6680 (470 pips reward)
Risk: 1% to 3% of account (recommended)
Reward/Risk: 4.70 (470/100)
Sell Stop: 1.7075 (Only when market goes above this price will you be able to execute this order or you can use a sell limit)
Stop loss: 1.7250 (175 pips risk)
Take profit: 1.6680 (395 pips reward)
Risk: 1% to 3% of account (recommended)
Reward/Risk: 2.26 (395/175)
GBPCAD 60Waiting for that strong break low; continuation pattern lower, or perfect retest and continuation down.
Make sure to lock in profit if you get a 50 pips positive.
Potetial Engulfing of GBPCADThere is a sign of engulf pattern. Its potentially go down to hit SnD area.
TP : 1,6718
SL : 1,7204
BRITISH POUND/CANADIAN DOLLAR GBPCAD SHORTPrice Retesting previous structure break.Short Pair. FX:GBPCAD
GBPCAD - SWING - 08. JUNE. 2020Welcome to our weekly trade setup ( GBPCAD )!
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1 HOUR
Strong waving market back at range mid.
4 HOUR
Overall good price action and break below main sr level.
DAILY
Expecting another push to the downside towards previous lows!
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FOREX SWING
SELL GBPCAD
ENTRY LEVEL @ 1.70040
SL @ 1.70750
TP @ 1.69030
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
GBPCAD bounced from support, potential for a further rise!
GBPCAD bounced off upside confirmation at 1.70664 where it could potentially rise further to 1.71187.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
