GBPCAD SHORT IDEA Key highlights
After price took out the liquidity on buyside in 4hr timeframe , now I'm expecting price to out the liquidity on sellside
Gbpcadshort
GBPCAD 4H BUY PROJECTION Reason Behind Bullish
1. Inverted Hammer which Pushes Higher
2.Obey Trendline & Support 1.70906
Overall Possible Outcomes
GBPCAD BUY 1.7098
SL 1.7020
TP 1.7220
GBPCAD SELLDISCLAIMER: The Company accepts no accountability or obligation for your trading and speculation results, and you consent to hold the Company innocuous for any such outcomes or misfortunes. We are not financial advisers or account managers; We are Forex traders. The recordings on this channel are rigorously for educational and amusement purposes. Trading Forex implies dangers, and you can lose all your venture ; consequently, you exclusively must take a chance.
GBPCAD Sell Trade opportunity GBPCAD Sell Trade opportunity
its recent breakout major support line is a good opportunity to sell here or retracement some pips as I mentioned in chart
GBPCAD Sell Trade opportunityGBPCAD Sell Trade opportunity
its recent breakout major support line its good opportunity to sell here or retrcement some pips as I menttion in chart
GBPCAD ANALYSIS OVER H1 CHART.GBPCAD continues falling down and looking for more selling opportunities in GBPCAD, PROPER MONEY MANAGEMENT SUGGESTED.
GBPCAD DAILY ANALYSIS 30-11-2021forexsignals #freeforexsignals #dailyforexsignals #weeklyforexsignals
#GBPCAD daily bias looks bearish. The seller’s price of interests are 1.7042, 1.7055
The possible targets are 1.6900, 1.6860
These analysis are based on the current market swing and we update our views based on the upcoming future swings
GBPCAD DAILY ANALYSIS 25-11-2021#forexsignal #freeforexsignals #dailyforexsignals
#GBPCAD Daily momentum is bearish. Sellers price of interest are 1.69230 1.69350 1.69600 1.69690
The possible targets are 1.68800 1.68440
These analysis are based on current market swing and we update our views up on the upcoming future swing
GBPCAD DAILY ANALYSIS 23-11-2021#forexsignal #freeforexsignals #dailyforexsignals
# GBPCAD current H4 momentum is bearish. Sellers price of interest are 1.7026,1.7035
The possible targets are1.6960,1.6945
GBPCAD SellGBPCAD can go short from here , Trade with Trend , Always Follow the trend and Price Action
💡Don't miss the great sell opportunity in GBPCADTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (1.7338).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GBPCAD is in a downtrend, and the continuation of the downtrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 32.
Take Profits:
TP1= @ 1.7266
TP2= @ 1.7239
TP3= @ 1.7188
TP4= @ 1.7145
TP5= @ 1.7094
SL: Break Above R2
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LOOKING FOR SELLS ON GBP/CAD Looking at gap/cad we can see that on the long term trend we can see we have been in a range for around a year we can see this on weekly and daily
chart so now we can see we have taken out some liquidty at the top side and we do have a gap on the currency pair which is lower around the 1.68900 but firstly we have to break the 1.72 level I do think we will at least go down to the 1.72 area if broken our next target can be 1.70 then after that we can target the lower gap on the currency pair
We do think that the bullish run in gbp pairs could be over for a bit as we have seen. most gbp pairs fly up from the start of the year I do know believe we can see a pullback meaning all gbp pairs could sell off and out of all of them I think gbp/cad is looking to be like a really nice sell so lets wait and see during the week I will look for a sell down to the 1.72 region
TARGETS :
1.72 = key level of support
1.69 = gap fill currency
I will be looking for sells from a better price
SELL GBPCAD TRIANGLE IS SPOTTED!!We have a triangle pattern formation in GBPCAD daily chart and if our strategy rules are satisfied then we will take a short here for target of 1.73300.
THIS CAN BE A GREAT OPPORTUNITY!! DON'T MISS IT :)
Breakdown from Ascending Broadening WedgeGBPCAD after retracing 38.2% of the 6th May to 12th august trend has now fallen below the ascending broadening wedge pattern, which makes it vulnerable to selling up to 1.60690. The stop loss for the trade will be above the high of the previous session i.e. at 1.63747.
GBP/CAD Price action analysisThe daily chart of GBP/CAD is currently in downtrend.
The pair made 50% retracement of its previous move from 1.84000 to 1.70607.
It is currently facing rejections at the 50% retracement level which is indicated by the formation of the bearish pin bar.
As per our analysis,we expect the pair to move towards the price zone of 1.73476.
