GbpcadGbpcad broke a zone in the 1 day time frame so we have the pull back as expected do we expect price to move up
CADGBP trade ideas
GBP/CAD BEST PLACE TO SELL FROM|SHORT
Hello,Friends!
GBP-CAD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 1.732 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the GBP/CAD pair.
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GBP-CAD Swing Short! Sell!
Hello,Traders!
GBP-CAD will soon hit
A horizontal resistance
Of 1.7630 from where
I will be expecting
A local bearish reaction
Sell!
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GBPCAD - 4hrs ( Buy Trade Target Range 200 PIP ) ☑️Pair Name : GBP/CAD
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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🔗 Key Technical / Direction ( Long )
Type : Mid Term Swing
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Bullish Break
1.74900 Area
Reasons
- Major Turn level / M
- Choch Zone Break Out
- Day / week High Break
- inner Counter Trend
- Visible range lvn
- Fixed Range lvn
Bearish Reversal
1.76900 Area
Reasons
- Major Turn level
- Fibo Golden Zone
- Pattern Target
- Quarter's High Area
- Choch Zone / Majoe
GBPCAD 1H Short Trade - 1:6 RRRPair: GBPCAD
Action: Sell
RRR: 1:6
SL: 1.75857
TP: 1.71839
Indicators:
EMA200: The EMA200 serves as a critical indicator of the long-term trend direction.
MACD Trend: The MACD indicator helps traders assess the strength and direction of the trend.
Supertrend: The Supertrend indicator acts as a reliable tool for identifying entry points in alignment with the prevailing trend.
GBPCADThis looks, seem to be a convincing diagonal, then we should expect a wave 5 for this structure to be complete and confirmed as a diagonal.
DeGRAM | GBPCAD rebound from the channel boundaryGBPCAD is moving in an ascending channel above the trend line.
The price is above the support level and 38.2% retracement level.
The chart has reached the lower boundary of the channel.
We expect a rebound.
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GBPCAD = BUYHELLO, traders,i came up with this analysis and i'm looking for a quick shorts for scalping. i hope you find it helpful
GBPCAD - ShortGBPCAD is presently testing the resistance that coincided with a weekly and daily price.
Sell rally is my strategy for the pair.
Always follow your trading plan and staff safe
GBPCAD 1H Long Trade - 1:3 RRRPair: GBPCAD
Action: Buy
RRR: 1:3
SL: 1.75065
TP: 1.78329
Indicators:
EMA200: The EMA200 serves as a critical indicator of the long-term trend direction.
MACD Trend: The MACD indicator helps traders assess the strength and direction of the trend.
Supertrend: The Supertrend indicator acts as a reliable tool for identifying entry points in alignment with the prevailing trend.
GBPCADSELL on the theory markets ranges 70% of the time, and SELL on the theory markets retraces HALF of the previous leg 90% of the time. Entry on 15 TF is recommended.
Sell GBPCAD Channel BreakoutThe GBP/CAD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 1.7518, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.7464
2nd Support – 1.7430
Stop-Loss: To manage risk, place a stop-loss order above 1.7565. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you.
GBP/CADall gap area was filed in last week. I think all liquidity of gbp cad are ready for purge .
this movement is my idea but i need to wait until Tuseday .
GBPCAD - Buy SetupGBPCAD broke Resistance
Respecting trendline support
Entered at retracement (BUY LIMIT)
GBPCAD BullishAscending triangle pattern breakout.
Can take entry on CMP and place stop loss below recent higher low point.
for educational purpose
GBP/CAD bullish continuation the last Friday market failed to breakdown an important support on which it made a pullback showing that buyers are strongest than sellers
GBPCAD Trend Continuation Long TradeGBPCAD Trend Continuation Long Trade
1. Weekly Uptrend
2. Nice momentum bullish candles
3. Price above 20,50 and 200 MA
4. Trend Following indicator confirmation
5. BUY/SELL Indicator confirmation
6. 2% Risk, 2 x 1%
7. Take Profit at 1 x Daily ATR, Stop Loss at 1,5 x Daily ATR
8. After Take Profit moving sl at second half to B/E
9. Closing second trade at opposite signal/break of structure/big reverse candle
10. 7 bars time-based stop loss
GBPCAD: Bears Will Push
The strict beauty of the chart is a reflection of the fierce eternal battle between the bulls and bears and right now I can clearly see that the bears are taking over so we will bend to the will of the crowd and sell too.
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Perspective on GBPCAD GBPCAD bouncing off at Resistance Area or Supply Zone if you will 1.75000 we can expect a 50 pips move to the downside
GBPCAD 30min (IDEA)I am thinking about that will sweeping LIQ from last double bottom or it'll down from resistance level. but I am looking that it's finishing up trend at the 1 hour or just LIQ sweep.
GBPCAD - Sell StopGBPCAD is showing patterns of going bearish. The double top pattern followed by bearish divergence shows that there is strong probability that price will continue to move down if it breaks the previous support zones.
Gbp/Cad Sell IdeaGbp/Cad's swing up looks exhausted on the daily time frame.
I am looking for a sell signal on the early time frames.
Some people use a moving average crossover to give them the sell signal.
I have 3 take profit's on the chart.
This idea is based upon a phenomenon knows as support and resistance.
This current area that Gbp/Cad is in , has not been broken in a few days, So this makes the current price area " A Area Of Resistance "....
But you can't sell right now! You have to wait until you get a sell signal on earlier time frames or whatever time frame you are trading on.
Please use risk management when trading. When I Trade Big , I always lose the trade. When I trade smaller and give the trade room to breathe with a decent stop loss, I usually win the trade.
GBPCAD (Elliott Wave)Hello friends
In the GBPCAD currency pair, we see the formation of an Elliott Impulse pattern.
Currently, this wave is completing its 5th wave, of course, it may have been completed.
Because of the count I did, I'm a little hesitant about wave 5.
We can draw a channel on a larger time frame. This channel intersects in the range of 1.7600, which is a resistance with the trend number.
At the same time, wave 5 can grow up to the same range.
In any case, after the completion of wave 5, we can expect a correction in the price.
The first target is 1.7350 and the second target is 1.7220.
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Be successful and profitable.
