GBPCAD Potential shortHi Guys! Potential sell opportunity for the GBPCAD. Make sure to check if your conditions are verified before taking a trade. Please like and comment.
Gbpcadshort
GBPCAD - SWING - 04. MAY. 2020Welcome to our weekly trade setup ( GBPCAD )!
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1 HOUR
Very bullish price action taking out several highs.
4 HOUR
Overall sideways waving market structure, expecting a break to the downside.
DAILY
Price action slowed down at range high, good short entries!
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FOREX SWING
SELL GBPCAD
ENTRY LEVEL @ 1.75330
SL @ 1.76810
TP @ 1.73110
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 - SHORT SELLSell opportunity for next week, divergence has been spotted on lower TFs and on the 1hr chart the price has been rejected on the FIB chart
SELLING IDEAS FOR GBPCADHere is a harmonic chart analysis showing the most possible area to make profits for a sell order
GBP/CADThe GBP/CAD reacted to its resistance line and will go down as far as we know
And it's the best time to trade.
GOOD LUCK.
GBPCAD potential SHORTThree clear rejections of the descending trendline,
Currently in the 'golden pocket' area of the fibonacci. Would be looking for a nice close below the 50MA before entering a short on this pair
GBPCAD M15Selling at 1.74262, potential 80 pip target with 40 pip stop, 1:2 or 1:3 carrying over to the next day.
GBPCAD sellWe have a pullback to retest the previous hights .. which gives us a good entry point for a sell to retest the previous lows highlighted on the charts.
Remember, use your entry strategy, and risk management plan as you excecute.
Goodluck trading.
GBPCAD H&SIf we close bellow that zone, i think we can have some downside incoming. We have a formation of a Head and shoulders pattern, we have a break of the neckline, and now can be the retest, for the downside. If we break the zone, i will be looking for buys.
GBPCAD potential reversal!
GBPCAD expected to rise up to 1st resistance at 1.76955 where it could potentially react off and drop down to 1st support at 1.71778.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
GBPCAD ShortSorry that I didnt post it earlier but u can make an entry after 1H or 4H bearish closer candle.
GBPCAD SHORTBreak and retest of ascending trendline, rejection of 50MA, 0.618 FIB and the previous support, now turned into resistance zone.
Looking for a sell down to the 200MA which lines up with previous descending trendline
