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Gbp-cad

GBPCAD SS Short + 123 Pip PotentialPrice is below the Daily, 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 (it is one or the other, not both) Entry = 1.6968 Stop =1.6988 Risk = 20 pips Profit target = 1.6845 ( The projected daily low ) Reward = 123 Pips RRR =6.15 - 1 2nd Entry = 1.6937 Stop = 1.6967 Risk = 30 pips Profit target = 1.6845 ( The projected daily ) Reward = 92 Pips RRR = 3-1 ** Be Aware that Cad employment news is scheduled for 8:30 am est.,which will directly effect this trade and US Non-Farm payroll is scheduled for the same time which will indirectly effect this trade.
Short
by AGold54
2
GBPCAD bounced off support, potential for further bounce!Price is approaching our first support (horizontal swing low support, short term ascending support line, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong bounce to our resistance (horizontal swing high resistance, 50% Fibonacci retracement) might occur. Stochastic is also seeing a bounce where we might see a corresponding rise in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by easyMarkets
GBPCAD Possible Long OpportunityWe have bullish divergence (pink) but bearish minor divergence (orange) The harmonic is complete but it looks like there might be some room left in this wedge shape to fill, If we get another low I'll buy it if the pink divergence holds up and we get a candle pattern, at the moment we are still down trending and i would need to see a previous high get knocked out if i'm going to buy (that is if we don't get another low) I'd prefer to see another low.
Long
by elevatedinvestor