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Gbpcadshort

GBPCAD, 4hr tf, Shoulders head pattern to materializeHello my friends, Another setup for next week is GBPCAD pairs. Looks like GBP might go down a bit in the coming week as some of GBP pairs crosses making a bearish pattern. This GBPCAD clearly made a shoulders head pattern and price already broken below the neckline. We're now going to wait for a retest at 1.7350 area which the neckline of SHS pattern. Measured objective of this patern are 190 pips. I am not going to enter right away because it won't yield favorable RR ratio. Wait for price to retrace around 1.7350 and we will sell from there. That 1.7350 area not only serve as an area of confluence for resistance but also yielding a 2.5R sell setup. If price never retrace and contiue going down then we will skip this trade. Sell limit 1.7350 Stop loss 1.7420 Take profit 1.7175 (2.5R) RR ratio 1 : 2.5 Use only 1-2% risk Good luck
Short
by HayatoDragonFX
GBPCAD - Bearish BiasGBP - BEARISH 1️⃣ Investors awaited details on post-lockdown restrictions in England. 2️⃣ UK Finance Minister Rishi Sunak warned on Wednesday that the British economy was on course to shrink by 11% this year, while unveiling plans to borrow around 400 billion pounds this year, amounts not seen before in Britain's peacetime. CAD - BULLISH 1️⃣ Boosted by a rally in oil prices and hopes that a coronavirus vaccine will be rolled out soon. ===== Technical ===== We are looking to sell the GBPCAD on SBR + below SMA 50 on the H1 chart.
Short
by MonsunAsia
GBPCAD - Bearish BiasGBP - BEARISH 1️⃣ Intensifying in uncertainty in Brexit negotiations as there are large differences that remain. 2️⃣ Von der Leyen said the disagreement over access to Britain's fishing waters continues to block progress, which, in turn, was seen as a key factor that took its toll on the sterling. CAD - BULLISH 1️⃣ Boosted by a rally in oil prices and hopes that a coronavirus vaccine will be rolled out soon. ===== Technical ===== We are looking to sell the GBPCAD below the resistance of 1.73865 + below SMA 50 on the H1 chart.
Short
by MonsunAsia
GBPCADWelcome back guys Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. GBPCAD in a trend channel path, I think there will be chance for a sell entry because its touched the resistant line in the up trend STOP LOSS 1.74500 ENTRY POINT 1.73000 TAKE PROFIT1 1.72500 TAKE PROFIT2 1.71500 TAKE PROFIT3 1.71000 Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts. The information given is not Financial Advice. Please support this idea with a LIKE if you find it useful Wish you luck guys
by Bexi03
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