Hourly Downside Pressure Died Off On GBPCADKey details in Signposts. Hourly selling pressure has died down at the 1.7283 level. Structurally, good opportunity to continue building a position in this pair.
[ Note that ideas published represent my viewpoints on structural directional movements. I do not post explicit trade parameters (i.e. entry, take profit, stop loss, etc.) as these are set to in reference with my expectancy. Since my win rate and R-multiple targets are different, ideas published are simply a resource to provide guidance. You are expected to manage your own trading decisions. ]
Gbp-cad
GBPCAD - DAY TRADE VIEWGBPCAD - I am expecting a good up move in this pair from the current price, Momentum seems to be in buyers favour.
Go for buy at current price 1.73300
Potential up move 1.74400
Maintain Stop loss around 1.72900
Follow the levels properly as mentioned and use proper risk management.
Traders, if you liked this idea hit the like button & write in the comment section.
Why you should follow this tradingview account ?
Managed by top most renowned trader - Pulak Priyesh
10 + years of trading experience
Professional Day trader
Excellence award winning mentor
Professional chart, clear chart without junks.
Major S/R levels with inner insights
Frequent Day & Swing trade levels
All major and minor FX/INDICES covered
Thanks !!
GBPCAD shortI made the chart as detailed as I could, thanks for understanding. The chart was trending upward, but it's changing to a downtrend because it no longer respect the uptrend and there's a double formation with a MA crossover
Please LIKE if you find it helpful and COMMENT for any observation
GBPCAD shortI made the chart as detailed as I could, thanks for understanding.
The chart was trending upward, but it's changing to a downtrend because it no longer respect the uptrend and there's a double formation with a MA crossover
Please like if you find it helpful and comment for any observation
GBP/CAD Bullish Channel: Potential Reversal InboundGBP/CAD is following a channel for a few weeks now. Today, the price has hit the lower trend-line. With the positive news concerning Great-Brain, I'm expecting the GBP to gain in value shortly, bouncing off the trend line.
Since these are risky times, I'd wait for the price to close above the yellow confirmation line, with a target around the last major high.
GBPCAD at the 0.786 🦐GBPCAD after yesterday's bearish leg retraced quickly until the 0.786 fib level.
The price hit the 0.786 below a minor resistance and couldn't break above.
IF the market will break and close below the support at the 0.618 we will set a nice short order according to Plancton's strategy.
–––––
Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.
• ⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
GBP-CAD will swing UP from SUPPORT! Buy!
Hello, Traders!
GBP-CAD had a fake support breakout
And is now back into the rising channel
I think there is a decent chance
That the pair will go Up in the channel
To retest the falling resistance
Buy!
Like, comment and subscribe to boost your trading!
See other ideas below too!
GBPCAD on the 0.5 levelGBPCAD after touching the resistance at 1.75 area retraced back until the 0.5 fib level over an ascending trendline.
The price couldn't break below and if the price will break and close above the 4h resistance we can set a nice ling order according to Plancton's strategy.
–––––
Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.
• ⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
GBPCAD - SWING - 26. NOVE. 2020Welcome to our weekly trade setup ( GBPCAD )!
-
1 HOUR
Bearish price action!
4 HOUR
Closure and pressure below main sr level.
DAILY
Overall bullish market about to turn..
-
FOREX SWING
SELL GBPCAD
ENTRY LEVEL @ 1.73370
SL @ 1.74040
TP @ 1.72350
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN