Gbpcadidea
GBPCAD - Potential sellLTF correction
Waiting for a breakout
SELL stop placed:
@1.76771
SL: 1.77134
TP: 1.71928
GBP/CAD Has Stabilised, Safe For LongsThis has settled after the move last week. The spike has had some retracement and created a support. A long from here should be fairly safe, environment is bullish as can be seen using MACD and EMA's on 4HR and daily timeframes. Target is 1.77585 as there is a lot of previous structure and resistance around this level.
GBPCADStill watching for shorts on this pair.
Looking to sell the rally off interest rates decisions.
GBP/CAD Has Retraced, Look to Long From HereThis has retraced to what should be the new support level. Watch for this to turn higher using the MACD and EMA's, can also use 1HR for another perspective. Target is 1.77585 as there is a lot of historical resistance around this level. SL just below the low at 1.73750
GBPCAD long trade ideaPlan: wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
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Thank you for your support ;)
GWBFX
GBPCAD short trade ideaPlan: trendline and support level breakout --> wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
GBP/CAD at ResistanceGood opportunity to short this now at the resistance, low risk trade. SL above the recent peaks and TP at the support level. MACD also suggests a pull back from here.
GBPCAD, Reaching Significant Resistance, sellGBPCAD, Reaching Significant Resistance and the price action tells its falling down! watch out friends!
GBPCAD, Price Action Pointing Upwards, LongGBPCAD price action tells further advance,!
+Strong Support
+Strong Trend line
+ Price action pointing above
GBPCADGBP/CAD price action seems to have drifted lower as the Pound Sterling surrenders recent gains due to fading Brexit deal optimism. This coincided with another reaction to technical resistance highlighted by the 1.7500-handle. We could soon see a resumption of buying pressure around 1.7330.
create a long position order there.
stop loss 1.73015.
like if you agree!!
GBPCAD SellThe price level is about to hit the supply zone as well as it's starting to cross the UPPER Bollinger Band. Plus, there is a merging triangle trend. The price is expected to reverse its direction and keep decreasing for the next month or so.
GBPCAD - M5 & M1 Timeframe IdeaThis is an trading idea for M5 & M1 timeframe, do take Profit at any price within the GreenZone if this idea is Valid.
Disclaimer: If you choose to follow this trading idea you do so at your own risk after giving thorough and reasonable thought and consideration to your actions. All trading is high risk and one of the most difficult activities you will ever consider. Don’t trade with money you can’t afford to lose.
GBP/CAD Technical Analysis
As we suggested earlier in our premium analysis, the counter has formed a bearish flag formation.
It has now broken down with a strong volume candle.
Hence, we expect the pair to move down to lower support levels.
GBPCAD short trade ideaPlan: wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
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
GBPCAD SELL OPPOTUNITYAs we see, there can be another decrease for GBPCAD in 4h timeframe, as it has touched the top of two channels as the same time, shown in the idea, if it breaks up that point there would be a pullback and huge increase tho.
GBP/CAD Technical Analysis
The counter is currently in an ascending formation.
It has hit the upper parallel which also coincides with a rejection zone.
Hence, we expect the pair to retreat to lower levels from here.
GBPCAD Top-Down AnalysisHello Traders,
Here is the Top-Down Analysis of GBPCAD (Monthly, Weekly, Daily for direction and 4H for entry) for
Week 45 - Nov 02
M > Market is moving in a well respected horizontal structure (of course with minor breakouts). Price moved up to test structural resistance and dropped till monthly support to face rejection again. While dropping each month bottom wick was getting filled by next monthly candle however this could mot happen last month.
W > On its way down price created an M formation and as expected it moved up to test the neck before continuing with bearish move. Price dropped till 0.768 Fib level on last bullish impulse before reversing to the upside.
D > Price is moving in a triangle respelling trend-lines as resistance and support, price reversed to the downside from daily supply zone. Switching to line chart we can see a W formation and can expect price to drop till its neck.
As per COT GBP saw closure of both Long and Short, in effect reducing net positions. Even Commercials have closed both Long and Short reducing open interest to least in current year. BXY ended said week in a Doji after strong buying pressure during start of the week but it weakened last week. BXY is currently moving in a rising channel, price surged 2 weeks ago hit resistance and dropped near support of channel last week. We can expect slight upward move this week. CAD has not seen much movement for Long in last 2 weeks but it reported closure of Short positions. In fact N-R have more open Long positions than Institutions. CXY improved its position for the said week however it saw huge dump last week with price showing some sign of recovery end of the week. We can expect further recovery this week.
4H > Price is finding support of upward trend-line, it is currently moving to the upside but we can see rejection wick from resistance level. We expect price to reverse to the downside with a pause at support trend-line.
Recommendation > Market is ideal for swing as well as intraday trading with each daily candle moving about 100 pips.
Pair Correlation: GBPCAD has positive correlation with GBPCHF, GBPUSD, GBPJPY and GBPNZD and negative correlation with EURGBP.
Thank You
AP17FX
