GBPCAD did a fakeout rejecting major resistance/downtrend line with a bearish engulfing on 4H , so i decided to open a short here , price also broke minor ascending trendline, volume slowed down near resistance, and we also got some bearish divergences on local top, i expect to price go down until our major Ascending Trendline.
I'll be looking to see if price pushes up further. I will sell if price reaches my first level but I do think that it may reach the second one or close to it. This may take a week to set up if this were to happen. FX:GBPCAD
-GBP vs CAD is in a reversal trend after making a clear divergence and harmonics reversal pattern.
Hi we I think we can try short it now Enter now or before 1.67816 Stop loss 1.8534 Tp1 1.64614 Tp2 1.53678 After first tp stop loss moved to break even
Technical Idea: GBPCAD. Price at the summit of the channel. We anticipate price drop past the support.
If we see the entry signal in this zone with the set loss limit, we will enter the matter of the degree of ascent, but keep in mind that this signal is used in the upper periods, so you must be patient enough, but if the goals are achieved, there will be a good profit.
here is my gbpcad short idea its based on market was strong bullish for weeks, after bullish moves we tested weekly pivot always currenlty gbp very weak, cad very strong can we see a test of the weekly pivot area im thankful to see how this setup plays out
GBPCAD rejected major resistance with a bearish engulfing on 4H , so i decided to open a short here with half size , price also broke minor ascending trendline, consolidating a bit now, volume slowed down near resistance, and we also got a Bearish divergence on RSI on 4h timeframe, i expect to price go down until our major Ascending Trendline. High Risk High Reward.
GBPCAD- I am expecting short from Resistance - Price has made a breakout of upward trendline or Breakout of rising wedge. Candlesticks crossing the ichimoku cloud suggesting the change in trend . 20 SMA (Yellow) is crossing the 50 SMA (White). All bearish Indications. I am expecting price to fall to lower trendline support. Price action as per graph. DO share on...
This Started on the D1 with a double top But whats unique about this structure Is the corrective nature on the H4 leading up to the Double Top
- bearish divergence 4H + Daily - rising wedge - double top 4H
GREAT A+ SETUP: Not the normal setup would take in P.A - always looked for 1st bearish candle if it was a sell but in this case I entered on the 2nd bearish candle - good RR and M.S - price is below and reacting on EMA - creating 30m dynamic R
GBPCAD have been on a bullish move since last year, and currently is on a bullish continuation pattern, which indicates that price might go bullish for a while again. Now let's have a strong look to the long wick we can see below, that's huge liquidity and is expected to be taken. So how do price get to that zone? It first have to go bullish and hit the...
I am lookin to short GbpCad once it breaks the below support and closes below it. If it fails to and breaks the above resistance, my sell setup will be invalid
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
GBPCHF - Short Potential to go down? Let's see how this plays out!
GBPCAD Short, looks like a good move down on the way. Let's see how this plays out!
Massive sell-off expected at the break out of the key level. We look at multiple time frames, and the pair remains bearish long term despite this aggressive bullish pullback. We take to Take into consideration multiple time frames when asses the probability of a trade and not focus on a single time frame.