Gbpcadshort
GBP/CAD Can break the supportHello Traders,
The GBP/CAD cross seems to be under pressure today. If breaks the structure that supports it with a consequent closure underneath, the support would become resistance. Waiting for a confirmation of the next hourly candle to enter short. It is still being evaluated. On the chart you can see the supports and resistances.
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GBPCAD*ENG*
- Price breaking and retesting our supportive trendline, we are now expecting a move to our stress zone.
*PT*
- Preço a quebrar e a efetuar um novo toque na nossa suportive trendline, estamos de momento a aguardar um movimento até á nossa zona de stress.
GBPCAD - DieWe could potentially see GBPCAD declining aggressively now that it has gained liquidity after the resistance break and broken back into the ranging area. Let's see how this trade unfolds later on in the day, best of luck this week traders.
According to COT data source - 68% are short
GBPCAD Updateprice in falling wedge and we are floating above support zone with good rejection from falling wedge ( we close above than still i add retest so this is just mirage for me )
added some entries at support 1.71950
GBP/CAD Technical Analysis.Currently, GBP/CAD is trading at 1.7378. The pair is trading in a downward resistance and support channel. The price is moving towards its resistance level at 1.7396 and it can rebound back after touching resistance level. So, it is possible that after it rebounds from the resistance level it can touch its support level at 1.7217.
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Rishikesh Lilawat
GBPCAD H4 SHORT PRICE ACTION FORECAST If the price can close above the 200MA, it will mark the uptrend continuation. However, from a broader look at D1, the pair remains under a robust bearish bias. Closing last Friday with a strong bearish candle, we could expect the downtrend movement toward lower levels.
The order:
Type: sell-stop
S/L: 83 pips - R:R | 1:3 -
T/P: previous supply zone
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GBPCAD LOOKS BEARISH SELLFrom fundamentals with technical analysis which shows a bearish trend, wait for a retest into 1.7280 and sell from there. you can also use sell stop order to set your tps.
GBP/CAD going higher💡Hello traders,
Hope you all have a fantastic day !
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GBP/CAD has break above previous resistance line and now will become new support and push price higher to continue general uptrend.
Let us know what you think about this idea.
Trade safe !
GBP/CAD going lower 💡Hello traders,
Hope you all have a fantastic day !
I would appreciate any likes and follows from this idea, that would encourage me to publish more ideas and analysis.
GBP/CAD will go lower after previous support was broken and now it become resistance. Price already pushed down under 100 MA - next target 200 MA area.
Let us know what you think about this idea.
Trade safe !
GBPCAD H1 SHORT PRICE ACTION FORECAST A steadfast bearishness is under control of this pair. The seller pressure should rest before it continues the downward movement towards the previous support level.
A healthy pullback for the downtrend continuation will give further confirmation, and it allows the placement of a short entry.
The order:
Type: sell-limit
S/L: 55 pips - R:R | 1:3 -
T/P: support level
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