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Gbp-cad

Waiting for Retest of Bullish Engulfing To CompleteWe're going to be trading off the results of the bullish uptick and the partial retracement from last week. It is actually a bullish engulfing on the daily timeframe. If we go back down, he may bounce from the daily zone of 1.71798, then head to the weekly level at 1.70366. Otherwise, we'll continue to go bullish once the retracement is complete as soon as we pass the daily level. BULL TPS: • 1.71684 • 1.72830 • 1.73672 BEAR TPS: • 1.70968 • 1.70498 • 1.69885 only if the retest of the engulfing candle on the higher timeframe fails and we pass through the weekly level.
by NikaJourney
GBPCAD New Sell signal....GBPCAD - sell now open. The entry price, SL and multiple TPs are shown on the chart. Our back testing and money management strategy itself is holding until a reverse signal to ride a big trend, but as you will not see the next signal - manage the trade as you wish should you decide to enter. What is our strategy? Our strategy is a trend following strategy, can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term. The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc. This could be on your phone trading view app, or laptop of course. The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy... What does this mean? It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management. The strategy itself can be used as a live trading journal too - how cool is that? The strategy will confirm and support every open and closed position - so its quite easy to follow. We just have to do what Percy does. Please see our related ideas below for more information to explain what we do and how it can help you.
Short
by pow_removetheguesswork
2
GBPCAD can gain a bullish momentum? 🦐GBPCAD on the 4h chart has recently broken the minor descending channel. Price is quite nervous and bounces over the daily support trendline. IF the market will break and close above the 1.71500 area we can set a nice long 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.
Long
by InkyGrip
GBPCAD -DAY TRADE VIEWGBPCAD - Momentum is favouring in the downtrend, should look for a selling opportunity. My approach will be a sell here at current price 1.70500 Maintain stop loss around 1.70875 Potential downside target 170050 Trade as per your risk appetite, I will be glad to see your likes & comment. 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
Short
by Professor_GS
2
GBPCAD on a short move 🦐GBPCAD on the daily chart is moving inside an ascending channel. The market recently broke and retested the lower trendline and soon will test again the support structure. IF the price will break and close below the daily structure we can 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.
Short
by InkyGrip
8
GBPCAD - DAY TRADE VIEWGBPCAD - Going into a downward sloping lower lows, I am expecting a more slide down. My approach will be a sell here at current price 1.71790 Maintain stop loss around 1.72050 Target 1.71350 - 1.70950 Follow the levels as mentioned above. 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 !!
Short
by Professor_GS
GBPCAD - DAY TRADE VIEWGBPCAD - It's taking a support at this level, seems like a reversal is awaiting. My approach will be a buy around 1.71800 Maintain stop loss around 1.71600 Potential upside target 1.72400 Follow the levels as mentioned. 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 !!
Long
by Professor_GS
GBP/CAD Trade Setup / Top-Down Analysis🔸 TRADE IDEA EXPLANATION: . . 🔸Price broke the Ascending Trendline but could not stay below. Instead, it did a bullish move and broke the Resistance Zone. . 🔸Now, as we can observe, it is making a throwback to the broken Resistance Zone (Now Support Zone). We consider that this pair has bullish potential towards the Resistance Zone. . 🔸There is a bullish corrective structure (triangle pattern), where we are waiting for a breakout to take long positions. Inside of the triangle, we can count an ABC move, and as we know, the symmetrical triangles are formed by ABCDE structures. Due to that, we are waiting for a completion of the pattern. . 🔸 Our entry price is above the breakout of the B leg, and our take profit is at the Resistance Zone. The stop loss is placed below the structure, and, the break even level, is at the yellow line. 🔸4H CHART ANALYSIS:
Long
by ThinkingAntsOk
1
GBPCAD - DAY TRADE ROADMAPGBPCAD - It's looking weak only on hourly chart, I have drawn a path for today's move, My approach will be a short sell in the range 1.72150 - 1.72250 Maintain Stop loss around 1.72400 Potential downside target 1.71600 Follow the levels as mentioned. 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 !!
Short
by Professor_GS