GBPCAD BullishAscending triangle pattern breakout.
Can take entry on CMP and place stop loss below recent higher low point.
for educational purpose
GBPCAD trade ideas
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.
To support me, I recommend that you install Trading View software on your phone and see my analysis and support me with your comments and Boost.
Be successful and profitable.
GBP/CAD BEARISH BIAS RIGHT NOW| SHORT
Hello,Friends!
GBP/CAD pair is in the uptrend because previous week’s candle is green, while the price is obviously rising on the 2H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.746 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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GBPCAD - Look for Intraday Short 1:2.5!The price is showing strong bullish momentum on the higher time frame. We may have an opportunity to short once the price corrects. The trendline has clearly been broken, so let's see if the market is generous enough to allow some short positions here!
Disclaimer:
This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
GBP CAD PRICE - A STRONG DOWNFALL TO THE SUPPORT ZONE HERE we can see that price created a up trend line ,after we got an break out price moving to the downward direction, we have an FVG gap point at support zone, price going to fill that liquidity, in next move, make a short entry to marked price line, follow for more live updates...
GBPCAD Continous Bullish After Retest ?I see the demand area below the sideways running price, our plan is to buy if the price enters the demand area or Order Block price area 1.74432, place SL a few pips below the demand area, look at the chart image, ideal take profit 1: 2 Fibo pull.
Note: This is not a recommendation for making trading decisions, all risks are not our responsibility. Secure your account well
This Is Why We Are Short on GBPCADReasons why we are bearish on GBPCAD:
the target zone is a chart area consisting of two green candles that are offset from each other without a lower shadow. The markets usually work through these unnatural zones.
the traders are NetShort on June 5, 2024
There are two sellside liquidities below the target zone. These zones act like magnets.
we can set a tight SL above the sell volume and thus realize a great RRR of around 3.2:1
GBPCAD Analysis. Swing trade idea.Hello everyone, i want share my idea bout GBPCAD.
If we look at higher timeframe, price action slowly but it's still going higher, last week we saw huge reactions from sellers but buyers still has control at price.
My analysis at the moment is price action, if price will brake, 1.718 resistance LVL then we have much stronger resistance at 1.73 and 1.75.
I am following price action at high timeframe which is 1W and 1M, if buyers will push much stronger the price it can brake pretty easy al the mentioned resistance.
GBPCAD |Short D1 | Market Exec |Technical Confluences for Trade:
- Stochastics are in Overbought Conditions on D1 and H1 time-frame. H4 is also entering Overbought Conditions.
- Price action is close to last month's Resistance Trendline
- Price action is well into a Supply Zone area
- Targeting between the 50.0% - 61.8% Fibo retracement
Suggested Trade:
Entry @ Area of Interest 1.7180 - 1.7270
SL @ 0.1.7348
TP 1 @ 1.7002 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 1.6811
Risk-to-Reward @ Approx. 2.93 (Depending on Entry Level)
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Something big is comingThe Canadian Dollar is loosing steam, for some reason is losing value across the board. Maybe bc oil apparently has peaked and now is turning over. I opened a long position last week on NZD/CAD but I think this pair looks better, EUR/CAD looks good too, even USD/CAD. It could take a few more weeks to break out. Keep adding at every pull back. CAD is the new Yen.
SL if price action turns bearish: lower lows.
Bullish bias on GBPCAD on Friday June 07.What I see? A nice weekly 2-1-2 Bullish Rev in force and an early entry on daily with a really nice R/R.
What I expect? Tomorrow, The Net Change of Employment and Unemployment Rate will be released by Statistics Canada Both data are expected to be lower/higher than expected in a bearish way.
Furthermore, the Canadian dollar futures seem to be in consolidation(what I don't like) after a downward trend, however there are no strong signals to have a bullish bias on CAD.
My strategy is based on TheStrat + Fundamentals + Convergence/Divergence.
GBP-CAD Short From Resistance! Sell!
Hello,Traders!
GBP-CAD is trading in an
Uptrend but the pair
Will soon hit a massive
Horizontal resistance
Of 1.7612 from where
We will be expecting
A local bearish pullback
Sell!
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Check out other forecasts below too!
View of GBPCAD1. Market makers module already implemented 1H timeframe.
2. Right now I'm looking for a long entry from the given supported area.
3. If those support line broken we may take a short.
4. Please follow and support.
Thank you
GBPCAD bearish divergenceGBPCAD showing bearish on 1H time frame ..and there is divergence on 1h time frame
GBP_CAD RESISTANCE AHEAD|SHORT|
✅GBP_CAD is going up to retest a horizontal resistance of 1.7600
Which makes me locally bearish biased
And I think that we will see a pullback
And a move down from the level
Towards the target below at 1.7439
SHORT🔥
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