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Gbpcadanalysis

GBPCAD New Analysis ,Dont miss this big move!Hello Fellow Traders, Here is a Full DAILY Mapping Analysis For GBPCAD. HIGH IMPACT NEWS TODAY! TRADE SAFE! The Best way to follow my Analysis is if the following conditions apply. Conditions - 1. Wait for the Market to Show you some Rejection / Confirmation / Direction 2.Wait for confirmation(Price Action Confirmation Aka . Pinbar , Bullish or Bearish engulfing / Break of structure Aka Support Or Resistance) 3.Do your Own analysis! (Draw Trend Lines / Support & Resistance Zones / SND ) 4.Always Use Risk Management (Risk 1% of your capital) 5.Entry Should be Made on The 4H Timeframe (Only if you have Confirmation) 6.Trade at own risk. 7.Show some support Below (Like , Comment , Follow & share) Let Me know if you have any Questions or Comments Below Happy Trading & Goodluck! See You in the next Analysis! Global Fx Education
Short
by Global_Fx
3
GBPCAD - BEARISH BIAS===== MARKET OUTLOOK ===== GBP - BEARISH 1️⃣ Rising tensions between the UK and EU over the Northern Ireland protocol pressured the GBP. 2️⃣ Ongoing concerns that the opening of the UK economy could still be delayed due to the implication of the Delta variant of the coronavirus, which reported to be around 40% more transmissible. CAD - BULLISH 1️⃣ Vaccination rates in Canada remain extremely high, and the government's decision to postpone second doses could prove to be a very effective tactic ahead of the summer. 2️⃣ The Bank of Canada says that the economy will recover strongly following the increasing vaccination program against COVID-19. This could indicate that the Bank of Canada will be tapering at its July meeting. ===== TECHNICAL ===== - We're shorting #GBPCAD on SBR level + SMA50 area + pivot point level on H1. ===== RISK TO THIS TRADE ===== This trade will hit stop loss if Brexit issues positive.
Short
by MonsunAsia
GBPCAD - BEARISH BIAS===== MARKET OUTLOOK ===== GBP - BEARISH 1️⃣ Fears that a COVID-19 variant, first found in India, could delay the next phase of the reopening on June 21. CAD - BULLISH 1️⃣ A ramp-up in global vaccination efforts and a strong economic recovery could push the loonie higher. 2️⃣ The Canadian central bank is expected to keep its current guidance on interest rate hikes starting in the second half of 2022. 3️⃣ Rising oil prices underpinned the CAD. 4️⃣ Canada's economic growth in the first quarter remained robust. ===== TECHNICAL ===== We're shorting this pair on SBR level + SMA 50 area + Pivot point level on H1 chart.
Short
by MonsunAsia