Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
This is a lower timeframe description of how we can approach this pair in relation to my last related idea.
Please ensure you understand our daily outlook before you proceed with this idea.
I will be looking to clear the minor resistance before bouncing from the demand region down into our area of interest to buy from.
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💎 GBPCAD has got rejected several times from a significant resistance. It has also formed an Ascending Triangle which is expected to break below the Support and goes lower.
🏁 Short & Medium Term
💵 Invest Only 2% of your Portfolio
🎳 Entry at market or 1.75400
☕️ TP1 1.74620
🍺 TP2 1.73900
🍻 TP3 1.73000
We consider selling this GBPCAD pair because of a strong resistance above. We know what we are doing and we do what the market is doing. This is more than an institutional analysis. Invest wisely. Thank you for following me on tradingview.
As we can see, GBPCAD broke the Lower trendline of an ascending channel on the H4, it bounced from the new support Level . We expecting a Bullish continuation to re-test the level listed on the chart.
We taking this trade based on technical analysis and price action.
Please use proper risk management depending on your account size, Use lot sizes based on these...
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Hi Traders, GBPCAD on H1 after breakout of the Bullish channel, is going down. The first target would be 1.7239
⬇️Sell now or Sell at 1.7338
⭕️SL @ 1.7359
✅TP1 @ 1.7239
✅TP2 @ 1.7188
✅TP3 @ 1.7145
We will have more FREE forecasts in TradingView soon
❤️ Your Support is...