Get started

Gbpcadshort

GBP/CAD:DOWNTREND |BEARISH CHANNEL CONFLUENCE | SHORT 🔔Hello Everyone, I hope you'll Appreciate our Price action Analysis ! Our strategy is based on Swing trading with price action Analysis and Advanced Fibos tools. Please support our page by hitting the LIKE 👍 button to this Idea and Follow us to get NEW ONE! Feel free to request any pair/instrument analysis or ask any questions in the comment section below. If you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this. Have a Good Take Day_Profits !
Short
by DAY_PROFITS
gbpcad short idea with trading setup$GBP/CAD have been trading real bearish printing lows since 24th June from 1.5954 all the way down to currently at 1.5678 breaking all the major price levels at 1.5789 and 1.5705 , before settling at at 1.5607 and reversing to test the previous highs ( take a look at the attached chart ) , so with the current price trading under 1.5705 which by the is a strong supply zone where the price previously rejected many time , so i expect the price to continue it's bearish run all the way to the down price levels. as for my trading setup since the price is bearish and trading under that strong zone it's obvious to look for sells from under that same level, so a short from the current price at 1.5680 is a good short , targeting 1.5607 (75 pips) and 1.5527 (150 pips ) and placing a stop loss above the strong zone and precisely at 1.5737. a break and a candles close above the strong demand zone is likely to take the price the upper price levels , so as sellers we don't want to stay in the sell side when it happen . if you plan to trade this setup I need to remind you to use a proper money management , I suggest to use from 1% to 2% per trade . that said I wish you a good trade and I'll see you in the next posts . if you like the post please support it by liking/commenting it and if you are new around here hit the follow button so you don't miss any upcoming setup .
Short
by Gol-DTrader
Pount/Loonies getting back to resistence. Hi everyone in the TradingView community. I am Rana Sarmad I like to share and talk about trading strategies. If you are a member of my subscribers list and like my ideas, please don't hesitate to let me know by hitting that Like button and growing my notification count! We are going to discuss about GBPCAD. Market showed has broken its support but we can see clearly there is no perfect breakout. So we can see There is a falling wedge to create a bullish move towards resistence of 1.59000 and 1.62000. This is my opinion, I really hope this will be useful for you. This is not a financial advice. Always take trade at your own risk, Be ready and take care your money. Have a great profit ! _____________________________________________________________________________________________ Subscribe to my Youtubev channel to make money ➡️ www.youtube.com
Long
by Theranasaramd