GBPCAD ShortHey traders, in this week we are monitoring GBPCAD for a selling opportunity around 1.706 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
Gbpcadshort
SHORT ON GBP/CADOn the 4hr timeframe price has broken and retest old support as new resistance.
Overall trend is down and price has bounced multiple times off of the 38.2 Fibonacci level is also rejecting the 50 period moving average. (high confluence)
I expect price to bounce one more time off the 38.2 fib level then drop.
Here is the play I will be taking on this pair:
PAIR = GBP/CAD
ORDER TYPE = SELL STOP (PENDING ORDER)
LOT SIZE = Micro lot (0.01) (0.02)
ENTRY PRICE = 1.69706
STOP LOSS = 1.70959 - 125 PIPS
TAKE PROFIT = 1.68104 - 160 PIPS
GBP/CAD 4HR SELL SET UP Hi TRADERS this is my trade set up for the GBP/CAD for the new week ahead
i am expecting a pullback into the order block zone and will be looking for a SELL trade only if it meets your criteria for a trade then execute
This is my analysis only please trade with caution and risk management in place
good luck for this weeks trading
please like and comment both are welcome
GBPCAD ShortGBPCAD finally broke for us and confirming our sell bias. Waiting for another chance to short once we get a break below the support of 1.71000. Then we can scale in a 4th position with 0 risk
GBPCAD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPCAD Short IdeaConfluences
- Break of structure
- Smart Money Technique
- Divergence
- Support & Resistance Flipped Zone
- Approaching QM level for optimal trade entry
FOREX ANALYSIS : GBPCADFX:GBPCAD
The blue and red lines mean: I think prices can return in these areas.
Green lines mean: I think the price can reach these areas. They are therefore known as transaction targets.
If you want to use this deal, please risk only one percent of your account balance.
FOREX ANALYSIS : GBPCADFX:GBPCAD
The blue and red lines mean: I think prices can return in these areas.
Green lines mean: I think the price can reach these areas. They are therefore known as transaction targets.
If you want to use this deal, please risk only one percent of your account balance.
GBPCAD ShortGBPCAD closed the weekly as a lovely pinbar, we are still long term bullish as with our previous analysis and this hasn't changed considering the monthly still closed bullish however we believe there will be a correction down before we see it close higher next month potentially. We are waiting for a correction up and a rejection off the level specified before taking trade.
R:R = 1:3:1
GL.
GBPCAD: Hold or FallWill this pair hold the previous resistance or collapse through it?
The supply rejection was strong but we still need to cross back over the EQH's if we have a chance of falling lower.
I have illustrated what I would like to see, I will leave updates below.
Traders, if you have your own opinion about this idea, write in the comments section, I always reply.
RISK DISCLAIMER:
Trading Crypto, Futures, Forex, CFDs, and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use a tight stop loss.
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GBPCAD Short According to previous analyse
We have a divergence on 1h time frame
Retest the support @1.71410
GBP/CADSell: GBP / CAD
Sell limit: 1.72565
SL @ 1.73100
TP @ 1.71650
Max Risk: 2%
(When calculating, do not forget about different spreads from Brokers)
Leave comments or likes to keep our content free and alive.
Have a good week to everyone
It is not an investment recommendation
GBPCAD SHORTGBPCAD is in a long term up trend, but is likely to change its trend for a short period of time. This is what i think it will do .
If you agree, please leave a comment and a sub to the channel would be amazing.
GBPCAD shortFollowing backup lines and after double top created, looking for sell position, target 1.70350
GBPCAD short trade ideaSame set up again as last week with price respecting that resistance and rejection once again, will be after entry points very soon.
GBPCAD short trade where nextSo price made a push down from that resistance area I pointed out yesterday and now looking like we may make a retracement down to 1.69 from there ill be interested in longs if price can make a rejection and slow down in price.
GBPCAD idea!Looking at catching a downside move on GBPCAD. A massive resistance area as well as a much needed pull back should provide entry's to create a risk free short trade.
GBP/CADSEll: GBP / CAD
Sell limit: 1.70430
SL @ 1.70980
TP @ 1.69710
Max Risk: 2%
(When calculating, do not forget about different spreads from Brokers)
Leave comments or likes to keep our content free and alive.
Have a good week to everyone
It is not an investment recommendation
