Analyzing the H4 chart, we've observed the price recently responding to our sell entry at 1.7046, denoting a noteworthy interaction at this overlap resistance point.
Our target for profit-taking is set at 1.6965, aligning with a corresponding overlap support level.
To manage potential risks, we've established a stop-loss order at 1.7136, strategically placed at...
In our analysis of the H4 (4-hour) chart, we observed a significant market event at the price level of 1.7046. This particular level is considered an overlap resistance, indicating a convergence of various factors that have historically influenced market behavior. Traders and analysts pay close attention to such points, as they often represent areas where the...
Based on the H4 chart analysis, we can see that the price has just reacted off our sell entry at 1.7046, which is an overlap resistance.
Our take profit will be at 1.6965, an overlap support level.
The stop loss will be placed at 1.7136, which is a swing high resistance level."
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of...
Seizing the GBPCAD sell opportunity at 1.70650. Keep an eye on the 24-hour deadline; if the target isn't achieved before the daily candle close, the trade becomes invalid. Updates coming as needed.
Here is my idea for today potential break down of the GBP/CAD forex.
On the weekly timeframe we reach a level of rejection and we are now about to have a trendline break for the downside. Maybe the entry is too early but I have some indications that can confirm the odds of breaking the trendline on this next push.
Great Trades !
Is it good enter to downtrend for pair GBPCAD and big chance to win
tp on fibo 61% sl on the top H4 pivot and parallel channel
many indicator filter and correlation with other pair look at down too.
SL: 1.71770
TP1: 1.61170
Im changing the short signal to a entry of 1.71100 i dont think it will go any higher than this. RR is higher now cause ive reduced the sl and tp. 1:11 RR
GBPCAD trade idea:
Entry: Now
Possible SL: 1.71
Possible TP: 1.656
This is not a financial advisor, it's only a idea from a day trader doing it for fun. Thank you!
I'm waiting for a pull back to 1.71300 take a short at that price with a 57pip sl and 600 pip tp 1:10 RR, swing trade, i expect a pull back in january area then continuing down to 1.6500 where my tp is. you can day trade this and tp around 1.69500 and re sell in jan when it does pull back. Lets see how it plays.
GBPCAD will now be selling so hard because it has hit our point of interest on high timeframes, but now we are waiting for it to fill the left out imbalance
![GBPCAD: [GBPCAD] Idea of short opportunity on the forex market](https://s3.tradingview.com/3/3UtH32zs_mid.png "[GBPCAD] Idea of short opportunity on the forex market")
