Forex Trading Analysis - GBPCAD Swing Trade Setup📉 **Forex Trading Analysis - GBPCAD Swing Trade Setup** 📉 Hey Traders! 👋 Let's dive into a potential swing trade opportunity on GBPCAD! 🌐💱 **Trade Setup:** 🔍 **Reasons for Short:** 1. **Day Resistance Rejection:** Price faced strong rejection at the day resistance level. 2. **Day Trend Line Break:** Significant break below the day trend line, signaling a potential shift. 3. **Bearish Divergence (Day TF):** Momentum weakening as indicated by bearish divergence on the daily timeframe. 4. **Retesting Daily Resistance Trend Line:** Anticipating a retest of the daily resistance trend line lower band. **Trade Plan:** 📉 **Sell Stop:** 1.7033 🛑 **Stop Loss:** 1.7178 🎯 **Take Profits:** - TP1: 1.6888 - TP2: 1.67437 - TP3: 1.6600 - TP4: 1.64543 **Educational Insights:** 📊 Understanding rejection from key resistance levels and trend line breaks are vital in identifying potential downtrends. 🔄 Divergence on higher timeframes (e.g., daily) can indicate a shift in momentum. **Trade Analysis:** 📈 **Bullish Divergence (4H TF):** Keep an eye on the 4-hour timeframe for potential bullish divergence, supporting the trade thesis. **Risk Management:** 💼 Always adhere to proper risk management. Adjust position sizes to ensure a comfortable risk-reward ratio. **#ForexAnalysis #TradingStrategies #TechnicalAnalysis #SwingTrading #GBPCAD #ForexSignals #RiskManagement #FinancialEducation** Remember, this is not financial advice. Do your own research and trade responsibly! 🚀💰 Happy Trading! 🌐✨Shortby T-Q3
Still holdingI told everyone to get into this trade and i wont say where as I have been told off for it. If you know me you know how to find it :) Our scale in is moving nicely, will hold for a whileShortby Waves-Fib3
Rising wedgeI think the rising wedge is a continuation of the double top bearish pattern. Looks like a retest of the broken support. I'm going to start shorting now, if I see a fake break out of the resistance I'll add. My SL triggers only if a daily candles closes above the resistance.Shortby ArturoLUpdated 6
GBPCAD | Long idea!GBPCAD long idea from this support zone. Will be looking to enter long positions when I see price moving to the upside! Be carful, their is CAD news coming out 4pm today! Trade carefully and manage your risk!Longby FX_Unlimited554
GBPCAD looking for short GBPCAD looking for short if it breakdown the neck line of head and shoulder then sell by ANALYSESTFX1
GBPCAD sell trade - *Market Sentiment: The overall sentiment is leaning towards a **Strong Sell*². This is reflected in the consensus of various technical indicators and moving averages. - *Technical Indicators*: - *RSI (14): The Relative Strength Index is at **43.924*, indicating a sell signal². - *STOCH (9,6): The Stochastic Oscillator is at **29.657*, also suggesting a sell signal². - *MACD (12,26): The Moving Average Convergence Divergence is at *-0.001**, which is a sell signal². - *ADX (14): The Average Directional Index is at **25.487*, which suggests buying due to the strength of the current trend². - *ATR (14): The Average True Range indicates **High Volatility*². - *Moving Averages*: - Short-term moving averages like *MA5* and *MA10* are indicating a buy signal, while longer-term averages like *MA20, **MA50, **MA100, and **MA200* are all suggesting a sell². - *Pivot Points* (as of the latest data): - *Classic S3*: 1.7077 - *Classic R3*: 1.7128 - *Fibonacci S3*: 1.7085 - *Fibonacci R3*: 1.7119 - *Camarilla S3*: 1.7098 - *Camarilla R3*: 1.7108² Please note that this analysis is based on the latest available data and market conditions can change rapidly. It's important to stay updated with real-time market data and consider multiple sources before making any trading decisions. Always trade responsibly and consider your risk tolerance and investment objectives. Source: Conversation with Bing, 06/12/2023 (1) GBP CAD Technical Analysis - Investing.com. www.investing.com (2) GBPCAD Chart — Pound to Canadian Dollar Rate — TradingView. www.tradingview.com (3) GBPCAD Technical Analysis And Forecast - Vladimir Ribakov. vladimirribakov.com (4) GBPCAD technical analysis - FX Blue. www.fxblue.comShortby Mansa_Musa_Capital0
Watching for GBPCAD to follow EURCADWe saw a huge sell off when EURCAD broke it's uptrend last week so I'm watching GBPCAD to see if we get a similar flush. Price has been holding the trend now for several days with price barely able to escape and push higher, leading to further tightening. Entry signal would be a non ambiguous break of the Daily trend with stop above high of day if possible. Target is somewhere around the mid Nov break out as shown on the Daily TF, just over 100 pips away. Daily SWAP is -1.58% so a multi day is possible, but I wouldn't want to go over 3. Volatility around the CAD rate decision has the biggest downside effect on the idea if we get a break prior to the news. Not much we can do about this, if we get a sell signal before the release I still think it is worth taking. Shortby RuckSack0
GBPCAD Will Grow! Long! Take a look at our analysis for GBPCAD. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 1.710. Taking into consideration the structure & trend analysis, I believe that the market will reach 1.724 level soon. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them! Longby SignalProvider112
GBPCAD: Bullish Move From Trend Line 🇬🇧🇨🇦 GBPCAD formed an ascending triangle formation after a test of a rising trend line. I expect a movement up to 1.715 ❤️Please, support my work with like, thank you!❤️ Longby VasilyTraderUpdated 336
GBPCAD can go 🚀UP🚀 to next 🔴Resistance zone🔴🏃♂️ GBPCAD has been moving in the Ascending Channel for more than two months and it seems that it can maintain this trend in the ascending channel in the coming weeks. 🏃♂️ GBPCAD is currently moving near the 🟢 Support zone(1.712 CAD-1.700 CAD) 🟢 and the lower line of the ascending channel. 🌊In terms of Elliott wave theory , GBPCAD seems to have succeeded in completing the main wave 4 near the lower line of the ascending channel. 🔔I expect GBPCAD to go up to at least the 🔴Resistance zone(1.738 CAD-1.728 CAD)🔴 to complete the main wave 5 . British Pound/Canadian Dollar ( GBPCAD ) 4-hour time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.Longby pejman_zwinUpdated 3315
GPBCAD Sell setup After the rising wedge, I think it is time to short this pair. GBP is showing weakness after some gain last week. SL and TP are marked. Follow strict risk management. Don't be greedy. recommended risk level should be 1 to 2%. Reach out if you looking for more setups. Shortby PotentFXUpdated 9
GBPCAD | Bullish trend continuation GBPCAD has been in a brutal uptrend for the last months. In this support zone I expect GBPCAD to bounce upwards and make a new high to continue the uptrend. Be patient and manage your risk! Longby FX_Unlimited2
✅GBP_CAD WILL KEEP GROWING|LONG🚀 ✅GBP_CAD is trading in an Uptrend along the rising support And the pair has established a Double bottom pattern and Is already making a rebound From the support so I think That the pair will go further up LONG🚀 ✅Like and subscribe to never miss a new idea!✅ Longby ProSignalsFx114
GBPCAD 05-12 Pair : GBPCAD ( British Pound / Canadian Dollar ) Description : Bullish Channel as an Corrective Pattern in Long Time Frame and Rejection from the Lower Trend Line. It has completed the " 1234 " Impulsive it can break the Previous Resistance Level to complete its " 5th " wave at Upper Trend Line Entry Precautions : Wait for the Proper Rejectionby ForexDetective7
Shorting GBP/CADon the weekly time frame i can see that price has created it's all time higher high, and it's time for a pull back/reversal... i will be going short on GBP/CAD.Shortby KODAK_E_BTC0
GBPCAD BUY ANALYSISFX:GBPCAD Overall structure based on the weekly, daily, 4h is bullish. Price had made a pullback to 1.71042 daily support and managed to break above the 1.7150 1H key resistance and retested and support whilst simultaneously breaking the minor bearish structure on the 1h timeframe. a 15 min bullish engulfing candlestick was my confirmation to enter buys on GBPCADLongby The_Pip_Trader1
GBPCAD trade idea. Weekly trendlineGBPCAD currently on a weekly supply, also a third touch of trendlineShortby abdulsalisu2025Updated 7
GBPCADGBPCAD is showing divergence , LH also break BUY on current price TP , SL mentioned in chart how was my plan , comment your suggestion Thanks Longby Trade_WithOsama0
Big sells coming soonThis is such a great setup that I could not resist. We have so much confluences, starting from the weekly timeframe and all the way down to the 1 hour timeframe. This is a setup worth taking with proper risk.Shortby dizzyinmotion117
GBPCAD LONG - TREND NOT OVER YET!Waiting for a retest of 1.71387 to long GBPCAD back to daily swing highs at 1.73035 If you agree drop a like and if you have any questions leave a comment :)Longby mikoaodu4
GBPCAD sell then buy minor support at 1.71337 which might lure buy momentum up to 1.72118, which fared as resistatnce for price to continue with the last leg down of the correctional wave C Then plausible impulse move to initiate from order block level 1.6988. {point of interest }Shortby ClearFX222
Weekly Momentum Scalping Strategy RECAP | Nov 27 - Dec 1Hey guys, join me for a refresher of last week's trading. The goal of this video is to reaffirm our simple and effective US session scalping strategy with the following steps: Identify an intraday directional bias Identify the key levels Identify trade entry triggers Manage the trade with attention to "Actual Risk" Additionally, how to avoid bad setups with the strategy Thanks for watching 0by FREEMAN-WITH-TRADINGPLAN3