Gbpcadshort
GBPCAD testing support, potential bounce | 18 May 2020Price is testing our support in line with our horizontal overlap support, 61.8% fibonacci retracement and 78.6% fibonacci extension where we could see a bounce to our first resistance level . Attached is the video analysis so do check that out as well and let us know what you would like to see next!
GBPCAD testing support, potential bounce | 18 May 2020Price is testing our support in line with our horizontal overlap support, 61.8% fibonacci retracement and 78.6% fibonacci extension where we could see a bounce to our first resistance level. Attached is the written version so do check that out as well and let us know what you would like to see next!
GBP/CAD - Break & Retest - SELL!Price has broken our support level. This is a simple break and retest play. We'll be waiting for price to come back to this area to look for sell opportunities.
GBPCAD PRICE HAS BROKEN INTERMEDIATE SUPPORT ON A SELLAnticipating a sell, as price has broken through and retested intermediate support.
I've got three levels targeted as TPs.
GBPCAD Out of the Range?After being in a ranging market for a long period of time, we are now seeing signs of an escape! The market looks like it has broken out towards the downside and may continue this move after a slight pullback.
H4 Chart. More lower lows ahead? As long as price remains below 1.72 then more lower lows are emerging.. until the dynamic support down there by the 1.68 terrain.
GBPCAD possible short day/intraday trade opportunityGBPCAD possible short day/intraday trade opportunity
GBP/CAD possible reversal area coming into focusGBP/CAD has been battered down by the BEARS as have all GBP pairs for the last 6 weeks. GBP/USD is hovering around WS1 support and GBP/CAD is entering an area of strong support. This area which extends from current market price(1.7190) down to WS1 at 1.7111 is now a key area for GBP/CAD. If all this support fails then expect a stong move south from the BEARS down to 1.6530 area initially.
GBP/CAD - Triple Top Pattern - SELL!Price has formed a triple top pattern. We are waiting for price to break support and a retest of that broken structure for sell entries.
GBPCAD possible short day/intraday trade opportunityGBPCAD possible short day/intraday trade opportunity
short GBP/CADdear traders it has broken a trendline and it is probable to go down more than our target but we don't want to take high risk.
target point: 1.72150
sl: if a 4 hour candle closes above the broken trendline
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GBPCAD continue bearishMONDAY, 11th 2020
#GBPCAD SELL
ENTRY = NOW 1.72500
SL = 1.73400 (-90 PIPS)
TP = 1.66900 (+550 PIPS)
Disclaimer On
PLEASE USE YOUR OWN MONEY MANAGEMENT RULES
Your Money is Your Own Responsibility
#GBPCAD - short after break of mini support Waiting for a break of this mini support as it looks like a correction after the strong impulsive move down.
I'm really expecting Oil to rally this week also
Any questions feel free to ask in the comments or direct message me
GBP/CAD possible continuation of down movement.We could see very clear bounce from resistance line yesterday as the price is heading down to test the support line. Lets jump on Bear train to grab some easy pips in next couple of hours ! Trade safe and good luck.
Strike it down.... GBPCAD Lighning Bolt Movement!!!Interesting movement by GBPCAD so far. We could see a potential head and shoulder pattern forming with price level at a upper band which gives us a good potential to short this pair. If we could see this price breaking its trend support level we could see it moving down to the support level @1.6720 with a possible retest to that support level before a fall. Forming a nice lightning bolt pattern which could pose great danger to GBPCAD as it head towards the south.
