GBP/CAD can possibly break it's support and continue it's bearish trend 300 pips down. At the moment being the support is not strong and the chances of it breaking even further down are favorable. Invest after your own analysis and money manage properly. Happy trading!
On the daily time frame GBPCAD is forming an awesome bullish setup. It has diverged itself from the lower range by moving sideways and has now created a new lower range on which its trading now for a while. The Stoch indicator is showing buying pressure is increasing. The indicates that finally soon the price will go up again towards the upper range. TP: ...
GBPCAD SHORT - during next news events.
My current view on GBPCAD
GBPCAD seems to have a potential move down as a C wave, we have to wait for B to finish and then sell as the price action break below (b). P.S: This content is for educational purposes and discussion. Good luck.
signal: down estimated rate of successful: 99% duration: following days.
A bit late with the Post i believe this is a high probability trade especially with the weak pound being displayed across the board. All time frames signal further downwards momentum with the weekly and monthly showing bearish sentiment. Upcoming elections also suggest the weakening of the pound as high levels of uncertainty are being displayed investors May...
Hello Guys. I was looking at this pair for quite a while and found some interesting patterns. chart pretty much explains everything. There is no trade as of yet but we are looking to sell soon once we get confirmation. Remember break out of this zone will invalidate this trade. Trade with care Thanks!
Gbpcad Trading around 1.7575 level. As we can see on Weekly Charts its showing Strong Suppl zone around 1.77-1.78. Its not holding above that level from last 3 Weeks if its hold below a drop we can see toward 1.72-1.69. As holding below 1.78. Selling zone 1.76-1.77 sl above 1.7850 TP1 1.72 TP2 1.70
There is a possibility that GBP/CAD may go down more than 300 pips to find back support. If it does break it's current support, then do not hesitate to short it till it finds it's next one. Always make your own analysis before investing as well as money manage properly! Happy trading!
After some days of strong upwards movement the GBPCAD has been slowly going down the past days indicating that the bullish wave has been completed. So we are now looking for sell entries in the pair. You could sell it at market open and use a 80 pip stop loss. Take profit targets are: 1.7480 > 1.7375 > 1.7040
Every Pound pair is looking short to me as a correction
Safe Trades;
Gbpcad Trend still up on Daily time Frame but on H4 We can see a Strong Divergence . So For Correct this a Drop we can see toward 1.7450-1.750 it will just for Correction. where if breaks 1.7730 level hold above h4 closing then 1.79-1.80 will on card. So a little risk can be taken sell cmp 1.7660 with sl 1.7740 for tp 1.75
My basic Monthly, Daily, 4hr and 1hr chart analysis on the GBP.CAD Although the analysis is very basic i will know more as we approach the Daily candle close this evening. Have a good day!
Hi, pound has been really strong over the past weeks, it's a bit risky to trade against it but i cannot help but make my usual analysis and trade it. The daily structure is represented by the blue box, plus the RSI in the daily is way overbought. So this is what i'm looking for when i seek for a reversal: as we go down on 4H timeframe, you'll se a nice divergence...