GBPCAD - MARCH 14, 2024There is liquidity built up above this zone but orderflow looks bearish. At this 1.72649 zone I am looking for a confirmation to go short to clear liquidity at 1.72056. Shortby Sjcosmas2
GBPCAD H4 | Bearish dropBased on the H4 chart analysis, we can see that the price is rising toward our sell entry at 1.7290, which is a pullback resistance that aligns with the 61.8% Fibo retracement. . Our take profit will be at 1.72259, a multi swing low support level. The stop loss will be placed at 11.7345, a swing high resistance level High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants. Shortby FXCM3
GBP-CAD Bearish Breakout! Sell! Hello,Traders! GBP-CAD was trading along The rising support line But now we are seeing A bearish breakout so We are now bearish biased And we will be expecting A further move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!Shortby TopTradingSignals113
GBPCAD: Strong start for GBP fading out?GBP has been the strongest performing currency so far this year - I keep asking myself why?? Country in a recession Stagnant economy Limp Central Bank With today's unemployment reading I'm expecting this to be the start of bearish involvement in sterling, I'm starting with this pair. Think oil has dropped a lot and could be ready to bounce up which is good for CAD. Seem to have broken the ascending trendline and retesting it now, failure to break back in will signify a change in direction. My first target is 1.708, around the MA50 (daily) and clear support.Shortby FinchcliffeUpdated 6
GBPCADLately on GBPCAD there was liquidity formed on top of us, now we are waiting to tap into our inverse fvg then go down to take out the swing lowsShortby BigBenCapitals2
Sell GBPCAD Bearish ChannelThe GBP/CAD pair on the M30 timeframe presents a potential selling opportunity due to the presence of a well-defined bearish channel pattern. This suggests ongoing selling pressure and a higher likelihood of further declines in the coming minutes or hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.7262, positioned close to the channel resistance. This offers an entry point near a potential reversal zone. Target Levels: Initial bearish targets lie at the previous support levels within the channel, now acting as potential resistance zones: 1.7185 and 1.7162. Further downside targets could be determined using other technical analysis methods like Fibonacci retracements or extensions. Stop-Loss: To manage risk, place a stop-loss order above the broken resistance line of the channel, ideally around 1.7285. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank youShortby KABHI_FOREX_TRADINGUpdated 1112
GBPCAD : Short Trade , 4hHello traders, we want to check the GBPCAD chart. The overall trend of the market is bullish and the price has reached a well-defined critical level that the price has reacted to several times in the past. Due to the fact that in the RSI indicator we see a divergence. We expect this level to stop the upward trend of the price and the price will fall to around 1.72000. Good luck.Shortby mrAT_TraderUpdated 10
GBP/CAD: Bullish Consolidation or Bearish Reversal? WeeklLooking at the weekly GBPCAD chart, we see signs of potential bullish continuation, but a pullback towards the trendline is a likely scenario before further upside. GBP gaining traction: The recent price movement suggests GBP is strengthening against CAD. This is evident by the upward trend: ... on the weekly chart. Pullback expected: A retracement towards the established weekly trendline support: ... is a reasonable expectation. This is a common occurrence after a price surge, allowing for a pause and potential entry points for long positions. Support confluence: The trendline coincides with a monthly pivot point: ..., creating a stronger support zone. This confluence of technical indicators increases the significance of this level. Here's what you should watch for: Price action at the trendline: A decisive break below the trendline support would weaken the bullish case and indicate a potential reversal. Conversely, a bounce off this level alongside bullish confirmation signals (e.g., increasing volume) could signal continuation of the uptrend. Resistance level: The key resistance area to overcome is . A clean break above this level would open the door for further bullish momentum. Overall, the GBP/CAD weekly chart presents a mixed picture. While the uptrend suggests potential for further gains, a pullback towards the trendline support is a likely scenario. This support zone, coinciding with a monthly pivot point, presents a possible buying opportunity if bulls can defend the level. This analysis is for informational purposes only and should not be considered financial advice. Please always consult with a qualified financial professional before making any investment decisions.Longby behnamxt1
GBPCAD: Time to Go Lower As I had anticipated, the GBPCAD decreased in value yesterday. The price successfully broke and closed below a support line within a rising parallel channel on a 4-hour time frame. I anticipate that the pair may continue to decline, with potential targets at 1.7192 and 1.7114.Shortby linofx11110
gbpcad going long ........ 15mins time framei believe the gbpcad going long... with my indicator and personal analyses... Longby bigjoefx2
GBPCADGBPCAD is making bearish divergence which means that bears take control. We can take short entry from specified level . SL , TP mention in in chart . TP will be 0.5 level of FIB. Analysis at 4 hourShortby SignalEdgeUpdated 0
GBP CADTrade Idea Long structure SnR zone GBP CAD 📈 Buy 1.72290 TP1: 1.73010 Tp2: 1.74790 SL: 1.71790 Rrr: 5 Longby teriforexpremium0
GBP/CAD Gave Yesterday , +100 Pips,New Entry Valid To Who MissedThis 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.Short00:53by FX_Elite_Club2
GBPCAD Long Best to let the pullback finish and get long from the yellow box. From there, a good position coming off trendline resistance now support, and coinciding with monthly pivot support and Fibonacci.Longby ComteSt.Germain1
Sell now GBP \ CAD @ 1.726Sell now GBP \ CAD @ 1.726 ✅TP1= 1.716 ✅TP2= 1.706 ✅TP3= 1.700 ❌ SL= 1.736Shortby Abo-Ziad0
GBPCAD Long...GBPCAD Long...Technical setup...Fib level...Pound gaining strength.Longby ThorCapital114
GBP/CAD Gave 1 Hour Ago +50 Pips 0 Drawdown , New Entry Valid !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.Short01:09by FX_Elite_Club4
GBPCAD WHAT'S NEXT! Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX If you like the idea, do not forget to support with a like and follow. GBPCAD WHAT'S NEXT! 📚 👉Price is still overall bullish trading inside this rising channel, Moreover, price is approaching a massive resistance zone lining up with our upper bound is this channel. 👉Where we will be interested in looking for new bearish correction movement, And as the price will be approaching our lower rising trendline, we will be looking for new longs as a trend-following one. Meanwhile, as the price will be trading higher, we are still looking for new shorts.📚 Until that price can still trade more lower before reversal. If you like this kind of analysis don't forget to like and follow and as usual follow your trading plan and manage your risk. Be patient and good luck!Shortby Hadi_karaali3
This Res Pushed The Price 1000 Pips , Is That Will Happen Again 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.Short01:43by FX_Elite_Club1