Gbpcadanalysis
GBPCAD Overview.G'day Guys
Here idea for GBPCAD pair. I consider this pair is Silent Killer. As my own understanding, this pair normally slow but once making a move. Its killing trader.
I hope you guys have some insight on this pair. I really appreciated if there any comment or suggestion.
Thanks
Cheers
GBPCAD: very interesting signal on DailyHi Traders,
This is my view on this cross for the next few days.
#GBPCAD
Waiting for today's candle closing below yesterday to confirm a bearish environment. Then I personally waiting for the impulse to end and a retracement as well.
I remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if specific rules are strictly respected.
If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals.
I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view.
Thank You
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Trading Kitchen
GBPCAD BULLİSH SCENARİO Hello traders, I hope everyone has a nice weekend. I would like to share one my possible short term bullish scenario for GBPCAD .Please support this idea with like If you find it useful.
We were testing this strong support-demand zone but before this area There was another strong demand area and When we tested this zone We got a bullish rejection and go upside for short term. For next week If we test this zone We will look for nice bullish rejection around 1.74000.
The information given is not a financial advice. Remember this analysis is not %100 accurate. To make decision please follow your own thoughts.
GBPCAD Pin Bar On Daily Chart? GBP still strong? 47 Week High!Is that a Pin Bar on GBPCAD Daily Chart? GBP still strong?
47 Week High!
Is a new 52 week high the next victim here?
Some interesting Price action here now midweek across the GBP Pairs.
There is still so much time left in the day to trade, However there is NO DOUBT that many traders will be eyeing the current price structure of this pair and its current appearance on the DAILY CHART which Clearly looks LIKE A PIN BAR is forming,
But remember again there is still plenty of trading hours left in today for that Candle to really change its appearance by the time the day ends.
Our CURRENCY HEAT MAP has called GBP strength up until now which has clearly been working for this month of February.
Maybe its time for GBP to catch it breath having had such a run after the past few weeks.
CAD is still MID range and the Commodity CUREENCIES have remained bullish overall for several weeks so GBPCAD may not be the optimal GBP trade at the moment unless in fact you want to be trading the RETRACEMENT as a MEAN REVERSION trade back to an obvious area of value where the bulls may come back in for another charge higher.
Whichever side you decide to trade the main thing here is to remember where large POOLS of LIQUIDITY remain on the chart.
On the bullish side the 47 WEEK HIGH is a clear point and we have seen a strong reaction therefore if this is to go higher the 52 WEEK HIGH is a clear and obvious location.
Alternatively January 29 high @ 0.7640 if revisited will clear a lot of MONEY as the TREND LINE LONG TRADERS stops would have been cleared and the multi hour CONSOLIDATION under 0.7650 will be cleared too.
GBP/CAD New Entry And Analysis To Catch 200 PipsThis 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 Possible long setupMonthly - Price wicking to the downside (market is rejecting 1.7000) round figure.
Weekly - last 3 weeks saw bullish momentum to the upside. Rejecting a Very strong resistance area. (awaiting pull back to collect buy orders).
Daily - Structure break to the upside. Bearish engulfing at the swing high creating new Higher High.
4h - market is shorting towards the trendline and liquidity zone.
will watch for candle movement around the red zone for a possible long entry.
GBPCAD LONGMonday. My favourite day of the week, purely because the markets are waking up.
So we entered a long position on GBPCAD this morning. We are currently -2 percent but we are comfortably waiting for price to retest our strong resistance zone and eventually continue in a bullish momentum into our take profit area.
Our analysis has been created on a 1hr time frame for trading view but was originally added to our watchlist on a daily time frame. Both which were convincing that price was going to have a bullish momentum.
my entry was:
ENTRY @ 1.76032
SL @ 1.75432
TP1 @ 1.76632
TP2 @ 1.77332