Sell GBP CADSell At 1.7620 Tp 1 - 1.7570 Tp 2 - 1.7470 Tp 3 - 1.7320 Sl - 1.7720Shortby vineet_miskin1
GBPCAD : Looking for short opportunity!GBPCAD is looking for short opportunity & has the chances to move to the downside & to make some decent profits.Shortby sohaibfxUpdated 1
💡 Don't miss the great sell opportunity in GBPCADTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.7785). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPCAD is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 46. Take Profits: TP1= @ 1.7650 TP2= @ 1.7585 TP3= @ 1.7480 TP4= @ 1.7350 TP5= @ 1.7185 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️Shortby ForecastCity_ME3
GBPCAD at resistanceMuch time has passed but GBPCAD failed to break resistance So I am betting on the very short term, downside movement for this pair I personally book only 10 pips profit Lets see....Shortby STtraderrUpdated 2
It's over and time to short it to the ground #ReversaliosNice RR to short it now!Shortby ReversaliosUpdated 0
📚 Learn More 💰 Earn More with us: Range-Bound Market📚 LEARN MORE 💰 EARN MORE With ForecastCity What is a Range-Bound Market? A range-bound market is one in which price bounces between a specific high price and a low price. The high price acts as a major resistance level in which price can’t seem to breakthrough. Likewise, the low price acts as a major support level in which price can’t seem to break as well. The market movement could be classified as horizontal, ranging , or sideways. A range-bound market is the opposite of a trending market. In a range-bound market, there is no clear direction. How to trade Range-Bound Market? 1- Trading Major Support and Resistance: Traders capitalize on range-bound trading by repeatedly buying at the major support level and selling at the major resistance level until the security breaks out from a price channel. The idea is that the price is more likely to rebound from these levels than break through them, which puts the risk-to-reward ratio in their favor, although it's important to always watch for a potential breakout . Technical indicators, such as the relative strength index (RSI), can be used to confirm overbought and oversold conditions when price oscillates within a trading range. For example , a trader could enter a long position when the price is trading at major support and the RSI gives an oversold reading below 30. Alternatively, the trader may decide to open a short position when the RSI moves into overbought territory above 70. Most traders place stop-loss points just below the major support level and above the major resistance level to mitigate the risk of heavy losses from a high volume breakout. 2- Trading Breakouts: Traders can enter in the direction of a breakout from a trading range. To confirm the move is valid, traders should use other indicators, such as volume and price action . For instance, there should be a significant increase in volume on the initial breakout , as well as several closes outside the trading range. Instead of chasing the price, traders may want to wait for a retracement before entering a trade. For example , a buy limit order could be placed just above the top of the trading range, which now acts as a support level. A stop-loss order could sit at the opposite side of the trading range to protect against a failed breakout. ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️Educationby ForecastCity_ME445
GBP/CAD - BUY ZONE 1.73000-1.73100 - BUYS CONTIUATION Looking to buy gc from the region of interest Can see gc has been looking to push higher to minor resistance we could see one more correction to our buy zone there is a candle imbalance I will be looking at buying at this point Confluences on buys on GBP/CAD 1. In consoldation but it looks to go higher overtime looking at minor resistance as a target 2. 78% - could come back into this region orders have been Collected in the past 3. S1- intraday 20/01/20 4. orders in this area 5. ma's looking bullish reasons for targets (TAKE PROFIT) 1. -0.50 2. r2 intraday 3. close to minor resistance 4. APM maxed out BUY LIMIT - 1.73000-1.73100 STOP LOSS - 1.72950 TAKE PROFIT -1.74100 RISK TO REWARD 1:7 DO NOT ENTER THIS TRADE IF WE BREAK BELOW OUR STOP LOSS THIS TRADE WILL BECOME INVALID ( PRICE CAN GO STRAIGHT UP SO WE MIGHT GO TO TP BEFORE OUR ORDER GETS FILLED) Longby Carlos44Updated 1
💡 Don't miss the great sell opportunity in GBPCADTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.738). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPCAD is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 34. Take Profits: TP1= @ 1.7290 TP2= @ 1.7235 TP3= @ 1.7185 TP4= @ 1.7120 TP5= @ 1.7048 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️Shortby ForecastCity_ME6612
DOWN-SIDE FAVOUREDOANDA:GBPCAD AS WE BREAK OUT OF THAT ASCENDING CHANNEL,MORE DOWNSIDE MOMENTUM SHOULD BE EXPECTED FROM THIS PAIR.Shortby Birdywatchfx1
Short GBP/CADFall in this Fibo Cycle First it retraced from 61.8%, then tested 50% and fell and now again testing 50% at 1.7400 If falls and breaks 1.7100 on a weekly closing: T1 - 1.6800 T2 - 1.6600 SL - 1.7450Shortby vermapiyush96110
GBPCAD | BULLISH REVERSALFORECAST: Price rejects FIBO 61.8 and making bullish wedge which indicates a strong uptrend. EMA: 800: Uptrend EMA 200: Uptrend Many confluence confirmed UPTREND Thanks to all those who have followed me and liked my post. Special thanks to all those who DM me and commented on my analysis wanting to know more about the trade.Longby ProfitClubFX3
GBPCAD at consolidation position strong pullback/DowntrendFORECAST: Price rejects previous high and heading towards resistance, small downtrend we can expect here. 100 EMA: Downtrend 800 EMA: Downtrend Note: Scalp Trade can be profitable at the momentShortby ProfitClubFX1
Bear Flag - SellPrice is clearly forming a bear flag pattern. Hence looking to enter short when the setup is ready Simplicity is key to be successful in trading. Thanks to all those who have followed me and liked my post. Especial thanks to all those who DM me and commented on my analysis wanting to know more about the trade. Shortby jetly2320