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Gbp-cad

GBPCAD SS Short + 132 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 = 1.6932 Stop = 1.6952 Risk = 20 pips Profit target = ( The projected daily low ) Reward = 132 Pips RRR = 6.6-1 2nd Entry = 1.6852 Stop =1.6882 Risk = 30 pips Profit target = 1.8762 (statistical target) Reward = 90 Pips RRR = 3-1 ** Please be aware that UK GDP is scheduled for 4:30 am est. and will directly effect this trade.
Short
by AGold54
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