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Gbp-cad

Don't miss the great buy opportunity in GBPCADTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.7135). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPCAD is in a uptrend and the continuation of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 66. Take Profits: TP1= @ 1.7322 TP2= @ 1.7515 TP3= @ 1.7750 SL= Break below S2
Long
by ForecastCity
4
Don't miss the great buy opportunity in GBPCADTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.7135). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPCAD is in a uptrend and the continuation of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 66. Take Profits: TP1= @ 1.7322 TP2= @ 1.7515 TP3= @ 1.7750 SL= Break below S2
Long
by ForecastCity
4
GBPCAD BULLISH & BEARISH IDEASMonthly Confluence is telling me are indeed in a Bullish Market. We have a Bullish Pennant located right at the 61.8% Retracement which institutions do on purpose right at market closure so participants can pretty much gamble their money with either going long or short. For me to enter Long i'd like to price to show me an indefinite buyer market breaking above local resistance, if price comes back down hitting the red line, that means the trade is invalidated (No good). If price does continue lower and hits the green line, its a safe understanding that price did in fact reject of the 61.8 retracement and we are in a Bearish Continuation Market.
by RiosTrades
GBPCAD: Long term buy opportunity on a symmetrical pattern.The pair is trading on a strong 1D Channel Up (RSI = 63.637, MACD = 0.011, Highs/Lows = 0.0038, ADX = 20.356) since the August bottom and even held last week the 1D MA200 (orange line) as a Support. If it continues on this trend then the bullish Golden Cross will be formed. Based on the 1D RSI, a similar sequence took place from September to December 2017. Then, after breaking above the 1D MA50 a Golden Cross was formed and the MA200 turned into a Support. Notably both sequences (then and today) rebounded on/ near the 1.58350 Support which makes it symmetrical. Additionally, both sequences started from a rejection on/ near the 1.78650 Symmetrical Resistance. Similarly we can claim that if the Golden Cross takes place now besides 1.78650 (symmetrical Resistance), the pair may target the 1.84200 2 year High. Trade this pattern to your advantage. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Long
by InvestingScope
GBPCAD - FOREX - 07. NOVE. 2019Welcome to our weekly trade setup ( GBPCAD )! - 1 HOUR Bearish pressure and short term price action. 4 HOUR Sideways moving market structure with several pullbacks. DAILY Overall bullish market conditions, filling long positions with good risk reward! - FOREX SETUP BUY GBPCAD 1ST ENTRY @ 1.68600 2ND ENTRY @ 1.68010 (wait for trigger) SL @ 1.66960 TP @ 1.70390 RR: 1.1 / 2.35 Use 0.5% risk per Entry! (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
Long
by DACapitalTrading
2
GBPCAD: Bearish Outlook answering questions about GBPCAD I currently don't have any active positions on this pair, however, I am very bearish on GBPCAD at the moment. first of all, the pair has recently formed a beautiful double top with rsi divergence. In addition to that, the pair is trading on a strong level of horizontal resistance in conjunction with a resistance line of the expanding wedge . So I believe that the price still has the potential to drop at least to 1.67 level.
Short
by VasilyTrader
1
GBPCAD: Bearish Outlook answering questions about GBPCAD I currently don't have any active positions on this pair, however, I am very bearish on GBPCAD at the moment. first of all, the pair has recently formed a beautiful double top with rsi divergence. In addition to that, the pair is trading on a strong level of horizontal resistance in conjunction with a resistance line of the expanding wedge. So I believe that the price still has the potential to drop at least to 1.67 level.
Short
by VasilyTrader
2
GBPCAD SS Short + 101 PIpsPrice is below the 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and good RRR. 2 Potential entries. If the PB is triggered first, then the BO entry is cancelled. It is not an add on position. PB Entry = 1.6957 Stop =1.6977 Risk = 20 pips Profit target = 1.6856 ( the projected daily low ) Reward = 101 Pips RRR = 5-1 BO Entry = 1.6926 Stop = 1.6951 Risk = 25 pips Profit target = 1.6851 Reward = 75 Pips RRR = 3 - 1 I would appreciate if you leave a comment or like as a thank you Have a great week!! Allen ** I apologize if I am a little slow responding to comments as I am conducting a training room for the next several weeks
Short
by AGold54
14