GBPCAD - Looking To Sell Pullbacks In The Short TermH4 - Bearish trend pattern
Lower lows
Until the strong resistance zone holds I expect the price to move lower further after pullbacks.
Gbpcadshort
GBPCAD → Trade Analysis | SELL SetupHello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GBPCAD
I still did my best and this is the most likely count for me at the moment.
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GBP/CAD Harmonic Pattern Signals Bearish OpportunityOverview:
GBP/CAD has recently exhibited the formation of an Anti-Butterfly XABCD harmonic pattern, concomitant with the price approaching a crucial Resistance area. This confluence suggests a potential Bearish reversal from point D, indicating a favorable opportunity for traders to capitalize on the impending downward movement.
Entry Strategy:
A prudent entry point for this trade is near 1.72840. This level aligns with the anticipated reversal point, providing an optimal entry opportunity for traders seeking to capitalize on the projected Bearish momentum.
Stop Loss Placement:
To mitigate potential risks associated with adverse price movements, it is advisable to place a Stop Loss order near 1.72480. This strategically positioned Stop Loss serves to safeguard against unexpected market fluctuations while allowing for ample room for the trade to unfold in alignment with the projected analysis.
Take Profit Targets:
1. TP-1: 1.71175
2. TP-2: 1.70525
3. TP-3: 1.69869
Conclusion:
In conclusion, the technical analysis of GBP/CAD suggests a compelling Bearish trading opportunity, characterized by the formation of an Anti-Butterfly XABCD harmonic pattern and proximity to key Resistance levels. By adhering to the outlined entry, stop loss, and take profit strategies, traders can effectively navigate the market dynamics and capitalize on the anticipated Bearish movement with confidence and precision.
GBPCAD Local Short!GBP-CAD went up to
Retest a horizontal resistance
Of 1.7219 from where we are
Already seeing a bearish reaction
And I think that the pair will
Go further down !
GBP/CAD +50 Pips 0 Drawdown , New Entry After 4H Confirmation !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
GBP/CAD Giving Amazing Bearish P.A , Time To Collect Some Pips !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Inflation Deflator Signals Sell for $GBPCAD15m sell signal printed. Hard rejection off 4h supply zone. Should be short to green line.
GBP CAD PRICE - BACK TO BALANCE LIQUIDITY gbp cad price will be back to support zone to balance liquidity take a short after breaking resistance zone as shown in the picture, follow for live updates @FOREX_TRADER_007
GBPCAD has exhibited a bearish signalGBPCAD has exhibited a bearish signal with the formation of both a head and shoulders pattern and a double top on its chart. These patterns suggest a potential reversal in trend, indicating a prime opportunity for a sell trade.
GBPCAD Short Term Sell IdeaH4 - Bearish trend pattern.
Currently it looks like a pullback is happening.
Until the two strong resistance zones hold my short term view remains bearish here.
GBPCAD SELL | Day Trading AnalysisHello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GBPCAD
I still did my best and this is the most likely count for me at the moment.
Support the idea with like and follow my profile TO SEE MORE.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
GBP/CAD SELL/SHORT
GBP/CAD was moving in a bullish channel on the 4-hour timeframe, and there was a breakout on the downside, followed by a retest. Additionally, as of the 26th report, 11,344 large speculators exited long positions on the Great Britain pound.
📉 Expectations:
Anticipate the pair to re-test key support levels as highlighted in the attached chart.
📊 Trading Strategy:
This trade is based on a combination of fundamental, technical analysis, and candlestick patterns. It's a long-term position, so ensure sufficient margin to manage market fluctuations. Implement proper risk management in line with your account size.
🚦 Trading Rules:
1️⃣ Rule 1: If the trade does NOT surpass our entry level (GREEN LINE ON THE CHART), Do not enter the trade.
2️⃣ Rule 2: When the market hits Target 1, consider closing some positions or move your STOP LOSS to ENTRY price for safe trading.
3️⃣ Rule 3: After reaching Target 1, avoid placing new trades based on the same signal/alert.
4️⃣ Rule 4: If the market consolidates for more than 2 days, close the trade and patiently wait for the next favorable trading opportunity.
Trade responsibly. Past performance is not indicative of future results.
Feel free to ask any questions or discuss further! 📊📉
GBPCAD Bearish Breakout!GBP-CAD was trading along
The rising support line but
Now we are seeing a bearish
Breakout so I will be expecting
A bearish move down after
The local rebound !
GBPCAD Short TradeMARKET PHASE
OANDA:GBPCAD is in a long term downtrend (daily) with a short term corrective structure that has been taking place (4 hour).
AREA OF VALUE
Price continued to break new highs within this corrective structure. Eventually, price reached an area where sellers stepped in, resulting in a buildup of liquidity (buy stops, longs, short stop losses) above the corrective structure swing highs. Price violently moved up to trigger the buy stops (liquidity) to pair against the sell orders needed to take price down. Price has already started it's initial move down, the velocity of the downward move caused a gap in price around 1.71512. Price has not retraced to this level, we have our sell limit pending.
TRADE
I will be entering short on OANDA:GBPCAD with the following parameters:
Sell Limit: 1.71512
Stop Loss: 1.71762
Take Profit: 1.71012
GBP/CAD +170 Pips 0 Drawdown , New Entry After D Closure !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Sell GBPCAD Bearish ChannelThe GBP/CAD pair on the M30 timeframe presents a potential selling opportunity due to the presence of a well-defined bearish channel pattern. This suggests ongoing selling pressure and a higher likelihood of further declines in the coming minutes or hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 1.7262, positioned close to the channel resistance. This offers an entry point near a potential reversal zone.
Target Levels: Initial bearish targets lie at the previous support levels within the channel, now acting as potential resistance zones: 1.7185 and 1.7162. Further downside targets could be determined using other technical analysis methods like Fibonacci retracements or extensions.
Stop-Loss: To manage risk, place a stop-loss order above the broken resistance line of the channel, ideally around 1.7285. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you
GBP/CAD Gave 1 Hour Ago +50 Pips 0 Drawdown , New Entry Valid !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
This Res Pushed The Price 1000 Pips , Is That Will Happen Again This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
GBPCAD - MARCH 11, 2024Overall this is counter-trend to go short so we can mitigate a discount demand zone at 1.72535. Let's see how price plays down from 1.73272. Cheers.
Selling GBPCAD at the high of last week GBPCAD is on an uptrend but we are looking for a sell here.
This is a counter trend but here is why we are selling.
Trend:
W1: Up
D1: Up
H4: Up
Moving Average:
Above the Daily MA
H4 pointing upwards
Pattern:
AD=CD on H4
Strong resistance at 1.7340
Double top on H1 and lots of divergence
Stop loss of 40 pips and a target of 120.
Short Term Buy, Long Term Sell??Looks like we are finally breaking out of the 1.73 resistance that has been holding for just over 2 years now so what next?
Looking at the weekly chart buying momentum has slowly been building up around the 1.73 level evident with the lower highs forming and then last weeks huge green candle to push through and close above 1.73. (see daily chart below)
Short term I expect the market to have a quick dip back down towards or below 1.73 and then for buyers to comeback in to push price up towards the huge Monthly sell zone between 1.75 and 1.78. (see image below)
I will be looking for BUY signals on my TRFX indicator on the lower timeframe charts from 1hr up and then entering buying positions, I also may take a more aggressive approach and just buy the first short dip.
My target for the buy position will be above 1.75 though looking at the Monthly charts I can't rule out a spike up to 1.78 or even as high as 1.80.
Once price has entered the Monthly SELL/SUPPLY zone I will then switch my focus to look for evidence of buying momentum slowing down as I fully expect large sellers to start building into positions here and so will I.
As the image above shows each time the market has got this high since 2017 has been followed by large selling back down under 1.60.
Hope you enjoyed the read :)
GBPCAD Analysis on 3H ChartGBPCAD: Ascending Channel Offers Bullish Continuation
The GBPCAD pair has been trading within an ascending channel on the 3-hour chart, presenting a classic bullish continuation pattern. The channel is defined by two parallel trendlines, with the upper trendline having touchpoints at 1.7217 , 1.7291 , and 1.7335 , and the lower trendline with touchpoints at 1.7116 , 1.7190 , and 1.7217 .
Key Observations:
Bullish Structure: The ascending channel indicates a steady uptrend with the price making higher highs and higher lows.
Trading Within the Channel: The strategy involves buying near the lower trendline and considering selling near the upper trendline or holding for a breakout.
Volume: Confirm trades with volume, as rising volume on upward moves within the channel reinforces the bullish sentiment.
Trade Strategy:
Entry Point: A pullback to the lower trendline offers a potential entry point, with the recent touchpoint at 1.7217 serving as a key support level.
Stop Loss: A stop loss can be placed just below the lower trendline to protect against a potential breakdown.
Take Profit: Profit targets can be set near the upper trendline, with the recent high at 1.7335 acting as a resistance level.
Risk Management:
Breakout Potential: Be prepared for a breakout above the upper trendline, which could signal a stronger bullish move.
Market News: Stay informed about economic events that could impact the GBP and CAD, as these could lead to increased volatility or breakouts from the pattern.
Trade ideas are speculative and should be used in conjunction with a comprehensive trading strategy and risk management.
This trade idea is based on the ascending channel pattern, which is typically a bullish signal in technical analysis. It’s important to monitor the pair closely for potential breakouts or breakdowns that could signal a change in trend. Happy trading!
