Gbp-cad
Pullback with retestPrice is in downtrend and should make new lower low.
First target previous swing low.
USDCHF Will Break Soon!!! Scenarios & Key Levels:
USDCHF keeps contracting within a classic symmetrical triangle formation.
with a sequence of lower highs and higher lows the market is clearly trading in sideways.
quite soon its gonna break and the side of the breakout with high accuracy will show as the future direction of the price.
in case of a bearish breakout, the next goals for sellers will be 0.96 / 0.951 levels based on a daily structure.
in case of a bullish breakout, the next goals for buyers will be 0.979 / 0.984 levels based on a daily structure.
good luck!
GBPCAD - SWING - 25. MAY. 2020Welcome to our weekly trade setup ( GBPCAD )!
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1 HOUR
Bearish market turned bullish again..
4 HOUR
Expecting another push to the upside towards 1.71050!
DAILY
Overall strong waving market structure, great long entries!
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FOREX SWING
BUY GBPCAD
ENTRY LEVEL @ 1.70320
SL @ 1.69790
TP @ 1.71040
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
EURUSD Afternoon,
So EURUSD Downtrend with a intrend divergence! You can take it 2 ways wait for the TDI cross!! or enter when you see it!
Me I will wait for it to cross and see if the RR is good enough to take the entry!!
I personally do like to wait for confirmation before heading into a trade.
GBP CAD BUY (POUND STERLING - CANADIAN DOLLAR)Hi there. Price is forming a continuation pattern to the upside. Watch strong price action at the current price for buy.
GBPCAD LONG TRADEGBPCAD broke major downtrendline
Price rebounded from demand zone at level 1.69990 which corresponds to 161.8% Fibonacci extension
Price is supported above HVN at level 1.7050 which indicates that pair is in accumulation phase
Above SMA 100 on H1 frame
MACD shows weakness in bearish momentum
RSI is above level 50
We r waiting price to exceed resistance level at 1.7110 to open long trade
It's expected for coming bullish wave to target key level at 1.7355
break of the falling wedge patternBias of being bullish, strong bullish area. Overall trend still bullish. Looking for a bullish rejection to the target area,
GBP/CAD Last Bearish Impulse🔸 4H CHART EXPLANATION:
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🔸 Price is on a downtrend.
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🔸 The Support Zone has been broken and the potential target area of the downside move is the Ascending Trendline.
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🔸 We observe that price has been consolidating on a little range for the last hours.
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🔸 We consider that, if the range is broken to the downside, then the Ascending Trendline could be achieved.
🔸DAILY CHART ANALYSIS:
ANALYSIS ON GBPCADHello my fellow traders, hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis.
As we can see, the price is at very crucial point. Wait for a breakout.
Let us know your views on this in the comment section. Thank you all.
There is good news for our followers. We will be analyzing on-demand. So let us know which pair you want our analysis on and we will get it for you. Do like and follow us.
Ryan.R..Lopes
LONG GBP/CAD GCLooking to Long GBP/CAD for a trend change to the up. Targeting 60 pips with a SL of 15 pips.
GBP/CADLooking for a retest of the channel it broke out, tot hen push down to previous support which lines up with the -127.2 Fib
GBPCAD testing support, potential bounce | 18 May 2020Price is testing our support in line with our horizontal overlap support, 61.8% fibonacci retracement and 78.6% fibonacci extension where we could see a bounce to our first resistance level . Attached is the video analysis so do check that out as well and let us know what you would like to see next!
GBPCAD testing support, potential bounce | 18 May 2020Price is testing our support in line with our horizontal overlap support, 61.8% fibonacci retracement and 78.6% fibonacci extension where we could see a bounce to our first resistance level. Attached is the written version so do check that out as well and let us know what you would like to see next!
GBP/CAD Downside Move Potential by ThinkingAntsOk🔸 4H CHART EXPLANATION:
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🔸 Price has been moving on a range for a while.
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🔸 Now, it is breaking the Support Zone.
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🔸 It has potential to make a downside move towards the Ascending Trendline.
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🔸 Will look for a lower timeframe bearish setup.
🔸 DAILY CHART ANALYSIS:
GBPCAD Type 1 Breakout + 81 PIp PotentialPrice is below the Daily, 60 and 15 KS as well as the cloud. All of our 4 Horseman are aligned. This is a Type 1 trade with a High probability and good RRR.
BO Entry = 1.7201
Stop = 1.7226
Risk = 25 pips
Profit target = 1.7120 (the daily projected low)
Reward = 81 Pips
RRR = 3.2 - 1
I would appreciate if you leave a comment or like as a thank you
Allen
GBPCAD SHORT TRADEGBPCAD rebounded from supply zone at level 1.7700
Pair respects downtrendline
Price is based below key level at 1.7335
and below HVN at level 1.7471 which indicates that pair is in distribution phase
Pair is forming descending triangle pattern
Below SMA 100
MACD shows weakness in bullish momentum
RSI is below level 50
It's expected for coming bearish wave to target the demand zone at level 1.6635
GBPCADWhere would you enter your position?
This is my technical analysis on this pair – applying a breakout strategy on the 1H timeframe.
Only if all the rules of the strategy are met, will I enter a trade on this pair.
Updates will be posted.
#breakout #swing trading #forex
GBPCAD CLOSE TO ITS SUPPORTHello my fellow traders, hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis.
As we can see, the price is currently close to its support. One can wait for the confirmation.
Let us know your views on this in the comment section. Thank you all.
There is good news for our followers. We will be analyzing on-demand. So let us know which pair you want our analysis on and we will get it for you. Do like and follow us.
Ryan.R..Lopes
GBP/CAD Break or Bounce by ThinkingAntsOk🔸 4H CHART EXPLANATION:
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🔸 Price is moving sideways on the 4H chart and it is about to face the Support Zone.
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🔸 We will trade this pair based on the reaction in that zone.
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🔸 If it is broken, then there is potential for a downside move towards the Ascending Trendline, and, if price bounces, then we could see a bullish move towards the Resistance Zone.
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🔸 Will look for a lower timeframe setup when the scenario is clear.
🔸DAILY CHART ANALYSIS:
GBP/CAD | Room to the down side Gap in the market with price consolidating above it. Potential opportunity for a short from 1.74986
Entry: 1.74986
TP: 1.73874
SL: 1.75349
