GBPCAD ShortWant to see GBPCAD drop and see reaction off the .382 fib.
Retracement to stop people out shorting.
Weekly downtrend so should se good gains on a short position.
Gbp-cad
GBPCAD Price has broken below S2 early in the week This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Let’s make some money together!
GBP/CAD Bullish Analysis🔸 4H CHART EXPLANATION:
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🔸Price bounced at the Ascending Trendline.
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🔸It has broken the previous lower highs of the corrective move.
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🔸We consider that it has potential to reach the Resistance Zone.
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🔸 Will look for a lower timeframe bullish setup.
GBPCAD is approaching support | 31 August 2020Price is approaching our support where we could see a bounce above this level.
GBPCAD is approaching support | 31 August 2020Price is approaching our support where we could see a bounce above this level.
GBPCAD ANALYSIS...MULTIPLE TRADE LEVELS??AFTER QUITE THE CHOPPY WEEK AND MOVEMENT IN THIS PAIR
OUR BIAS IS TO THE UPSIDE WITH SUPPORT AT 1.72500-1.73000 ZONE
HAPPY TRADING!
FX:GBPCAD
GBPCAD TO BUY (LONDON BREAKOUT)GBPCAD is oversold, and showing signs of support. Therefore, we are looking to make buy with this pair.
TP: 1.733 OR ABOVE
Don't miss the great buy opportunity in GBPCADTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.7310). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. GBPCAD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 55.
Take Profits:
TP1= @ 1.7428
TP2= @ 1.7534
TP3= @ 1.7673
TP4= @ 1.7793
TP5= @ 1.8033
SL= Break below 1.7235
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GBPCAD - SWING - 18. AUGU. 2020Welcome to our weekly trade setup ( GBPCAD )!
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1 HOUR
Market turned bullish right now.
4 HOUR
Strong pressure and price action..
DAILY
Overall bullish market in bearish downtrend, good long entries!
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FOREX SWING
BUY GBPCAD
ENTRY LEVEL @ 1.73420
SL @ 1.72520
TP @ 1.74750
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
GBP/CAD Long To 1.76565This is a buy trade I took last week and expecting further upside into this coming trading week. I bought at 1.73055 and have targets set at 1.76395 - The reasoning behind the trade was simple for me. We had price come back to retest support which lined up perfectly with the 200 EMA which also lined up with a 61.8% pullback. price was oversold on the stochastics and at the time I executed the trade we had a bullish engulfing candle bounce from the 200 EMA.
Although I realise it's a bit late to enter where I did if price were to pull back to 1.73280 that would be another opportunity to go long.
GBPCAD !! Will it find support for Uptrend ?The bullish trend line broke, but the region that it broke is strong support zone, the trend broken from this region gets support and strengthens so we set our risk and profit rate logically, we will watch and see.
Please like the idea for Support & you can share your ideas and charts in Comments Section .. !!
GBPCAD Sell1.72120 is the target for this trade, I believe the current level will be broken and we'll see downward movement. Based off the indicators on the chart including Williams Alligator
