Gbp-cad
GBPCAD ShortEntered as shown on chart.
Will have a dynamic approach in casw it shows signs of continuing up.
Short sell on GBPCAD (inside channel movement. TP and SL)Hello traders. So here is our analysis on GBPCAD . Its a very simple analysis. We have used SUPPORT and RESISTANCE line. The pair is moving inside its CHANNEL for a long time now but has respected its support and resistance line every time. Now as we can see that the pair has hit its resistance line it has started to fall down.
One can see it with TP=1.60000 and SL=1.78000
Views welcome. Thanks.
Ryan.R.Lopes
Buy on GBPCADHello guys. Here is my analysis on GBPCAD. The time frame i have used is 30M and H1. As we can see that the pair is in middle of the support and resistance but, it broke the trendline resistance, after that it did fall back a bit. So there are possibilities for the trade to reach its resistance level. This is a very short signal as the time frame used is small. thank you. Views welcome.
Ryan.R.Lopes
GBP/CAD Bearish Scenario by ThinkingAntsOKDAILY CHART EXPLANATION:
🔸 This pair is on an uptrend.
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🔸 However, it could not consolidate above the Resistance Zone, and was rejected strongly.
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🔸 Now, it is breaking the Ascending Trendline to the downside, so, we consider it can start a downside move in the short term.
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🔸 In case the direction is clear, we will look for a lower timeframe setup.
4H CHART ANALYSIS:
GBPCAD - ShortSet up: Price exhausted after almost a thousand(!) pip move up from last week, we see a head and shoulders formation on H1.
Trade: Entry at the current price with a SL above the current trend line slightly above the last high aiming at the 61.8% fib retracement on the last move, closing the gap opened over the weekend and retesting a major resistance turned support area.
GBPCAD IdeaThe current price movement is in the strong support zone. My estimation, price is going down to close the gap that was formed last Monday. A long candle bear that covers the body of the previous candle indicates a reaction of rejection from sellers that is strong enough, seen a bearish butterfly pattern, at least the price decline can reach the point of fibo 0.5, as well as it will close the gap. Or maybe it could go down even deeper around Fibo 0.382 at the point of the trendline channel.
GBPCAD further movementHi
Last four days GC have been moving upside. It may continue in the same way, but i think the pair take time out, i dont know when. You see that the pair make very aggressive upside movement.
It can't last very long
I watch what price do 1.7477 are or I will wait till price come 1.7304
Im not taking blind entry trade, I need confirmation like PinBar or some price action witch gives me confidence.
I think that price can go up 1.7777
GBPCAD signal 70 pips
ENTRY: 1.72300
TP: 1.72600
TP2: 1.72800
TP3: 1.73000
SL: 1.72050
Chart time frame - 4H
Time for reaching TP - 1D
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Thanks on supporting!
All best!
GBPCAD - FOREX - 05. MAR. 2020Welcome to our weekly trade setup ( GBPCAD )!
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1 HOUR
Very bullish pressure needs to slow down.
4 HOUR
At previous highs and resistance area.
DAILY
Sideways moving market structure, great short entries!
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FOREX SETUP
SELL GBPCAD
ENTRY LEVEL @ 1.73120
SL @ 1.74040
TP @ 1.71260
RR: 2.0
Use 0.5% risk!
(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
GBPCAD - Long opportunityPAIR IN FOCUS: GBPCAD
PLAN: LONG
ENTRY: 1.70750
STOP LOSS: 1.70200
TP 1: 1.70930
TP 2: 1.71180
TP 3: 1.71500
REMEMBER TO MANAGE YOUR RISK!
GBPCAD - FOREX - 25. FEB. 2020Welcome to our weekly trade setup ( GBPCAD )!
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1 HOUR
Very bullish price action right now
4 HOUR
Might be the last sellers takeout before dropping back to 1.70500!
DAILY
Bearish waving market at structure top, great short entries!
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FOREX SETUP
SELL GBPCAD
ENTRY LEVEL @ 1.72420
SL @ 1.73350
TP @ 1.70540
RR: 2.0
Use 0.5% risk!
(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
How to determine a Breakout with RSI. GBPCAD I hope you enjoy this tutorial. I use RSI to confirm all breakouts. I was able to capture roughly 90 pips using this method today. I hope you enjoy! Feel free to comment below.
GBPCADGBPCAD is in a uptrend channel and fluctuating between support and resistance level it can may break the resistance and complete its uptrend channel.
GBP/CAD Trading Plan BUY - Riks Reward 1:2 (Low Probability)GBP/CAD Trading Plan BUY - Riks Reward 1:2 (Low Probability)
Don't miss the great sell opportunity in GBPCADTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.7125). 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 downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 42.
Take Profits:
TP1= @ 1.6958
TP2= @ 1.6635
TP3= @ 1.5874
SL: Break Above R2
Don't miss the great sell opportunity in GBPCADTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.7125). 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 downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 42.
Take Profits:
TP1= @ 1.6958
TP2= @ 1.6635
TP3= @ 1.5874
SL: Break Above R2
GBPCAD LONG TRADEGBPCAD retested uptrendline on H1 frame
False breakout occurred at support level 1.7199 then price rejected with strong bullish movement
Pair is above HVN at level 1.7212 which indicates power of bulls
Above Moving Average 100
MACD shows bullish momentum
RSI is in uptrend
It's expected to target first key level at 1.7350 then going up towards supply zone at level 1.7480
GBPCAD - Long opportunityPAIR IN FOCUS: GBPCAD
PLAN: LONG
ENTRY: 1.72600
STOP LOSS: 1.72100
TP 1: 1.72970
TP 2: 1.73230
TP 3: 1.73570
REMEMBER TO MANAGE YOUR RISK!
GBP/CAD - Price Analysis: Weekly Signal ON Gartley PatternThe bloc could reportedly try to move the clearing of euro contracts from London to within the EU and may also move to withdraw concessions it made to Britain in the MiFID 2 financial regulations.
Official negotiations will kick off on March 3, but press briefings and leaks suggest talks will be tough.
