GBPCAD = BUYHi everyone, I am trading a bullish (counter-trend) for shorts, the LTF structure is also bullish which aligns very well with the pro-counter-trend. I hope you find this setup helpful.
GBPCAD trade ideas
GBPCAD has got strong rejection it can be seen that after not crossing the resistance in upward direction the trend has shifted towards bearish now as it is making descent LH and LL
GBPCAD SELLprice is failing to close above the last high, this could be indicating that price wants to reverse, we will monitor on lower time frames how price is moving then may we can enter sells
$GBPCAD short off 4h Supply ZoneComing off 4h supply zone. Short to demand zone @ 1.746. Has some decent support to break through to get down that far.
GBPCAD POTENTIAL SHORT OPPORTUNITYHello Everyone!
How are you all?
Gbpcad is a pair to watch this week, because it is shaping up very nicely for a short trend reversal that we can capitalize on.
So, I will be looking for a short trend reversal because of the following reasons:
1. Potential Double Top
2. The price is forming a potential reversal structure.
3. The price is approaching the value area.
Game Plan:
If the price comes to the VA, and rejects at that level or sweeps the High, and makes a bearish impulse followed by a flag with two highs and lows.
Entry : will look for a risk entry within the flag or a reduced risk entry on the breakout of the flag.
GBPCAD Head & Shoulders BreakGBPCAD has formed an interesting Head and shoulder formation break and we'll probably see a sell off at previous pivot point making a good target.
GBPCAD DROPIf the trendline between 1.76 and 1.77 is broken and has a daily close below it, we could have price drop below 1.74CAD.
DISCLAIMER NOTICE!
This is only my opinion and not a financial advice to set up a trade or invest. Trading or investing without knowledge is highly risky.
Entered a sell on GBPCAD to end off the weekwith using price action i sold GBPCAD at 9am est after the evening star pattern on the 8hr time frame . profited $1400
GBPCAD is in the bearish directionHello Traders
In This Chart nzdcad HOURLY Forex Forecast By FOREX PLANET
today GBPCAD analysis 👆
🟢This Chart includes_ (GBPCAD market update)
🟢What is The Next Opportunity on GBPCAD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Chart
GBPCAD Will Move Lower! Sell!
Take a look at our analysis for GBPCAD.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 1.772.
The above observations make me that the market will inevitably achieve 1.759 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!
GBPCAD - Sell TrendThe price has retraced to our marked level with no bullish divergence. The last low is our take profit with instant entry and SL as marked. Let's hope for the profit.
GBPCAD 4HThe price has reached a very strong resistance zone and has reacted to it. We have the two-year pivot at the top of the price, also our trigger line has been broken in the 4-hour timeframe, and we expect further declines to form.
update. added entryThis Analysis Can Change At Anytime Without Notice And It Is Only For educational Purpose to Traders To Make Independent Investments Decisions.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView
GBPCAD - BearishGBPCAD recently broke its bullish trend line on 1H timeframe and started a bearish trend forming lower highs and lower lows. Its respecting 0.78 Fib level retracement currently. We will take an instant sell position.
GBPCAD Buy IdeaOANDA:GBPCAD has been in downtrend. Currently, It's retesting the descending trendline while trading on premium fib levels of 50-61%. We can look for short opportunities in this price range
SELL GBPCAD Price has approached the monthly highs of 1.78907 where price has reversed from in the past, in addition scrolling down on the weekly we can see the formation of a double top pattern indicating signs of reversal, on our daily we can even identify structure more clearly with the formation of a bearish engulfing pattern off the highs indicating signs of bearishness . Dropping down on our 4h time frame we can see the break of a trendline and now the market is forming lower lows and lower highs pushing to the downside and currently forming a break and retest pattern at 1.77564. Approach with caution and trust the process
Short on GBPCADOn a monthly chart, we can see an uptrend ending with a doji candle . This tells me, the uptrend came to an end and now we will move lover. Great is, that the doji is exactly at the resistance, that worked wery well in the past.
I will look for entries at daily chart. My PT will be aprox. 1.62 -1.63, based on the weekly chart levels. Valid until we brake above 1.78692 (high of a doji candle).
To sum it up:
uptrend, currently not moving higher
strong resistance, that worked for decade
doji candle, which means not enough buyer to outnumber the sellers, but also not enough seller (yet) to outsell the buyers. Basically change of the trend.
fundamentals - I expect the Canadian economy to perform better in a 1 year period.
I wish you good luck and good trading.
GBPCAD BULLISH ON THE 2HR CANDLEThere is rejection at the support level at around1.7710. I expect the next 2hour candle to close bullish before making my entry at 1.7744 and SL at 1.7726.
Risk to Reward= 1: 12
GBPCAD possible sell. Very good sell moment on break upward trand line and indicators filters:
SL: 1.9692
TP: 1.75906
GBPCAD Bearish 4H TF(Divergence, Dow BOS, Trendline)GBPCAD showing bearish reversal sign supported by 4H Divergence and DOW making LH and LL with a Break of Structure (BOS). Price actions is following the falling trendline. Entry is taken at CMP with TP at 1:1 and 1:2 and stop loss at previous HH.
What do you think, will it work?
GBPCAD Shorthere i have a quick short selling opportunity for intra-day position, this is just my idea and not meant for anyone to act upon. you take the trade, i wouldn't take the praise for the winner neither will i take the blame when it loss'
