GBPCADshort covering is on the verge of pause
channelling up with consolidation
lets see how it pulls back
manage risk properly
GBPCAD trade ideas
BUY GBPCADBUY GBPCAD
As it is following a given channel
TP FOR GBPCAD is 1.5600
Currently Trading @ 1.5210
400 PIPS of move can be expected
Long Opportunity in GBPCADGBPCAD is breaking strong resistance level and will further go upside once it retest the same level.
On shorter time frame we can look for bullish trade opportunity.
Lookout for Sell opportunities in GBP-CADThough Buyers were able to reach almost up to the last High in the latest leg upwards in 1 Hr time frame, they failed to break over it. Also, in terms of volumes, there is divergence in the latest leg. In terms of momentum also, there is divergence, All these indicate weakening strength of Buyers, otherwise, gaining strength of Sellers. So, look out for Sell opportunities .
GBPCAD GBPCAD in a overall downtrend, currently pulling back to the POI at the 70% pullback area.
looking for a short term BUYS to the POI and then looking to tank down on a short with the trend.
Risky trade (trading pullback/Against the current)
Manage the risk
#FXRO TRADING
GBPCAD ANALYSIS Market now down trend completed and trend line resistance level breakout now to going on sideways market and then strong level of support formed , buy above the Box resistance level breakout after entering the trade
💡 GBPCAD - Weekly Technical Analysis UpdateMidterm forecast:
While the price is above the support 1.52450, beginning of uptrend is expected.
We make sure when the resistance at 1.60016 breaks.
If the support at 1.52450 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
A peak is formed in daily chart at 1.60020 on 06/17/2022, so more losses to support(s) 1.53533 and minimum to Major Support (1.52450) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index ( RSI ) is 37.
Supports and Resistances:
1.80078
1.76000
1.73728
1.69541
1.66382
1.61707
1.60016
1.57750
1.56132
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GBPCAD AnalysisSetup Contains:
1. Market Structure
2. Liquidity Draws
3. Extreme Point of Interest
FOLLOW PAFX & TRADE LIKE BANKS 💸
BUY GBPCADMonthly Chart Level suggests BUY from 1.4800 Near
STOP LOSS at 1.4500
300 pips of Loss
1200 pips of Gain
💡Don't miss the great buy opportunity in GBPCAD
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.5886).
. 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 an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 40
Take Profits:
TP1= @ 1.5953
TP2= @ 1.6002
TP3= @ 1.6079
TP4= @ 1.6181
TP5= @ 1.6268
SL= Break below S2
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SHORTING OPPORTUNITY IN GBPCADI am looking to sell GBPCAD for short term since it broke out its uptrend in 1HR time frame.
I CAN BE 100% WRONG . I WOULDNT PREFER TO RISK MORE THAN 0.50% PER TRADE
GBPCAD LongIt seems like market is on 2nd wave now, so i am expecting a good return soo please use trailing SL method and use can use peramiding pattern of taking position to earn more in every next confirmation
happy trading day guys
💡Don't miss the great buy opportunity in GBPCAD
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.5730).
. 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 an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 45
Take Profits:
TP1= @ 1.5879
TP2= @ 1.5955
TP3= @ 1.6091
TP4= @ 1.6182
TP5= @ 1.6287
SL= Break below S2
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GBPCAD Daily Technical AnalysisTrading Ideas-
Long positions above 1.5595 with targets at 1.6530 & 1.6790
Alternative scenario
If price goes down 1.5595 look for 1.5160 & 1.4899 as targets.
Supports and resistances
1.5160 & 1.4899
1.6530 & 1.6790
gbpcad buy setups buy gbpcad it best opportunity to buy and i am not fiancial advisor use small lot and use on your own risk
GBPCAD AnalysisMarket now in strong support level of previous years of market and market return on support level
Target🎯 expect at fibonachi retracement of half percentage
GBPCAD ANALYSIS OVER H1 CHART.GBPCAD continues falling down and looking for more selling opportunities in GBPCAD, PROPER MONEY MANAGEMENT SUGGESTED.
gbpcad 15 min downtrend continuation 1- retesting the privious supply zone
2- strong downtrend in 15m 30m 1hr timeframe
