GBPCAD Sell IdeaA Very Large Liquidity Pool on Buy Side, Buy Stops and FVG Above this Level.
A Clean OB + FVG + Supply Zone There.
Lets Expect a Short Sooner!
Gbpcadshort
GBPCAD CAN FALLGBPCAD formed rising wedge pattern...and after breakdown price is trading below broken level.. expecting price to fall.
GBPCADNobody Knows Where is Price Going.
Hey traders, here is the analysi.
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Thanks.
DISCLAIMER- This is not financial advice.
SMART MONEY CONCEPT.
identify Liquidity Or Become Liquidity
GBPCAD - Break Of Long Term Trend!Analysis:
We were looking at this pair not that long ago for long setups, however we didn't get this in the end and price actually broke below our level that we were interested in. Looking at current price action we've now got a bearish outlook on this pair for multiple reasons. As we saw price break our level we are not longer in an upwards trend, meaning that we don't want to be looking for longs but instead we want to be looking for short setups. We're at a very key level which has been tested multiple times and we expect that it will be respected again this time for resistance. We've got added confluences as well which give us more confidence in this setup. Firstly the 50% fib retracement level is at our area which we expect sellers to push price down from so this goes in our favour. Another confluence that we have is the downwards trendline that is present. We expect that price will bounce off of this trendline and continue its move to the downside. Our final technical added confluence we have is the break of a long term upwards trendline. This shows us that the long term trend has been broken and we expect to see a change in the market momentum which goes with our bearish thesis. Fundamentally the GBP is stronger then the CAD so this doesn't go in our favour but like we've said before we expect that oil prices will rise again soon and with this the CAD will also rise. Canada is the 4th largest oil distributer in the world so if oil prices rise so will the CAD. This is why we don't really mind that currently the GBP is stronger then the CAD because we think that this will soon change.
Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all.
Stay Safe - JPI
Disclaimer:
This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does to. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
GBPCAD SHORT - WAIT FOR RETEST!Waiting for a retest of 1.86284 to short GBPCAD back to 4H swing lows at 1.66284
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SHORT - GBPCAD (D) (28 May 2023)Position Trade - GBPCAD
Shorting opportunities for this pair as it reached the Monthly Supply on the 1st re-test
In the Weekly Chart,
- I am expecting price to press hard down once it touches the 6M Supply Proximal zone line
In the Daily Chart,
- I am looking for SELL in the clean zone marked out
A pending SELL limit order has been placed in the Daily Chart on 28 May 2023.
GBP/CAD Just Gave Yesterday +80 Pips 0 Drawdown ,New Entry AddedThis 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 SHORTAs we await the Bank of Canada (BOC) interest rate decision, we presently have a break of structure. We anticipate a bullish retracement targeting the fresh order block (FOB) where we have our sell limit orders. Our targeted exit is the liquidity at 1.62 or 1.60 price handles.
GBP/CAD Best 2 Places To Sell It And Get 200 Pips At Least !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 Potential Short!GBP-CAD broke out of the
Horizontal range and also
Broke the rising support
So as it is now making
A pullback I think
There is a high chance
To see a move down !
GBPCAD H4 Triangle + 200 WMA Short Hi traders!
The current market conditions suggest a potential reversal in the GBP/CAD exchange rate, pointing towards a local downward trend. This strategic decision is in line with our analysis of a triangle pattern and downwards crossing the 200 period WMA on the H4 timeframe, which signals a favorable Short trading opportunity.
Have a great Weekend!
GBPCAD H4 Long Term Selling Idea Hello Traders
In This Chart GBPCAD HOURLY Forex Forecast By World of Forex
today GBPCAD analysis 👆
🟢This Video includes_ (Gold market update)
🟢What is The Next Opportunity on GBPCAD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This Video is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts.
GBPCAD Hourly Trade| Technical Analysis GBPCAD hrly short
⚠️ Half risk due to lack of trend and volatility.
Shortstop @ 1.67919
TP #1 @ 1.67552 76.93% wr
TP #2 @ 1.67222 57.41% wr
SL @ swing high 1.68484 14.81% hr
WR and HR % Determined by past trades on this pair in this time frame.
More systematic trades like this are on my Profile.
GBP/CAD +100 Pips 0 Drawdown , New Entry For This Week !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 CHART ANALYSIS POSTED ON SUNDAY 07 MAY 2023.GBPCAD CHART ANALYSIS!!!
Let's see how this pair will perform based on the analysis.
Make sure you do your research and based on your confluence please look for the entry.
Don't rush your trades without any confirmation.
Trade safe and use always proper risk management.
Thanks in advance for checking my trade idea.
GBP/CAD +100 Pips 0 Drawdown , Hope You All Entered , UpdatedThis 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 Gave Yesterday +50 Pips 0 Drawdown , Did You Enter ?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.
A SELL TRADE SETUP ON GBPCADHey Traders,
Check this trade setup on GBPCAD out.
Following the simple price pattern, a break below the lower band of the ascending channel.
Keep close watch
GBPCAD Signal 16May2023one point of view for making transactions in this pair is to place a pending sell limit order in the SnD area, if you look at this chart at 15m BoS has occurred, the best possibility is to continue the downward trend after several days of consolidation.
