Gbpcadshort
GBPCAD H4 SHORT PRICE ACTION FORECAST Price is currently trying to break the previous high. If it fails to breakthrough forming a new high, it will create a subtle double top pattern for a correction. A short entry can be taken to capture the downward movement towards the FIB level before the next impulse for the trend continuation.
The counter-trend entry should be monitored cautiously, as the price could revert before reaching the T/P level. If everything, as forecasted, happens, it will also allow the setup of a long entry after confirmation of bullish continuation.
The order:
Type: sell-stop
S/L: 53 pips - R:R | 1:2 -
T/P: FIB level
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GBPCAD bounced from support, potential for a further rise!
GBPCAD bounced off 1.70845 where it could potentially rise further to 1.73784.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
GBPCAD to climb from upside confirmation, potential bounce!
GBPCAD to climb from its upside confirmation at 1.71889 where it could potentially bounce further to 1.75765.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
GBP/CAD going lower next week💡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.
Let's take a look at GBP/CAD on 4H chart, we can see that price has approached strong resistance lines. We expect price to drop from this point.
Let us know what you think about this idea.
Trade safe !
GBPCAD reversed from resistance, potential drop!
GBPCAD reversed off its resistance at 1.71304 where it could potentially drop further to 1.69500.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
GBPCAD approaching support, potential for a further rise!
GBPCAD approaching support at 1.70751 where it could potentially rise further to 1.71571.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
GBP/CAD : Strong Bulllish Engulfing Pattern We can see upside movemnt as per candlestick chart pattern,
Looking Very strong momentum for the upside.
ThankYou
Long term GBP/CAD idea💡Hello traders,
Hope you are having fantastic summer and also are finding time for trading as well :)
I will really appreciate any likes and follows, that would help grow this channel.
GBP/CAD has been inside of descending channel and now price is approaching this channels resistance line. We believe price will go down as price will not have enough momentum to break through this structure.
Let us know what you think about this idea.
Trade safe !
Free Analyse SHORT GBPCADI believe It's all about entry and Risk management 10 pips stop lost. Let me know in the comment for more Free Analyse. Enjoy Happy, monday
GBPCAD TRADE IDEAGBPCAD - Downward channel here. Looking like we may see some form of rejection around the upper channel trend line. Lines up well with the resistance level and double top. As mentioned on the note, we will need to wait for rejection at our targeted zone.
gbpcad short read descriptionprice is in a down trend making lower lows and lower highs i will be looking for shorts
GBPCAD SHORT- Break of ascending trendline with a large
bearish move
- Break of 50MA
- Looking for pullback to retest the 50MA,
trendline and/or 0.382 and 0.618 FIB
GBPCAD HEADING LOWER?ENG
- Price breaking our supportive trendline and showing some oversold signals, the ideal would be to wait for a retest of this resistance zone and then look for confirmations for a short position.
PT
- Preço a quebrar a nossa supportive trendline/supportive zone e a demonstrar alguns sinais de estar oversold, o ideal neste momento seria aguardar pelo retest na nossa zona de resistencia e entrar para short na primeira confirmação.
GBPCADHey everyone, this is my anaylsis on GBPCAD. Please comment if you disagree and say where i might have gone wrong. I would really appreciate it as im still learning and trying to improve. Thank you!
GBP/CAD Daily Forecast (14th July)I see today's opportunity on a GBP/CAD hourly chart.
A trend line break has occurred, however, RSI is close to the oversold range. A retest may follow back to the trend line, after which another wave of sales may break through the key level as well. This is an excellent short option for us, with a pending order we can easily board when it happens.
GBP/CAD up rally then a short at the 50 Fib daily retracement.The overall market in the weekly has been ranging there for a recent rejection has occurred in the weekly resistance and there's a high chance price will come back down the the weekly support. The daily chart has been respecting the 50 FIB retracements towards the down trend. Price appears to be aiming for the golden zone .5 or .6 of the FIB around so we are expecting an up rally before the trend breaks and we short again.
