Gbp-cad
GBPCAD's STRONG BUY AFTER CAD's GBP FRIDAY NEWS Instantly, I see a strong buy for GBPCAD for a buy after the CAD's GDP Friday news fromm Friday's drop. We are going to look for a strong buy for this week's GBPCAD. There is enough support for GBPCAD for a long.
GBPCAD Short Opportunity1.780 Resistance has proven to be a strong barrier. Great risk reward with this trade setup if entry is above 1.775
GBPCAD Head and Shoulders formed at Upper Channel ResistanceHere we have an opportunity to short GBPCAD after a confirmed break of the H&S neckline. GC has been trading within the pink channel for the past month.
On a larger timeframe, GBPCAD is also at a larger channel resistance.
If bearish momentum on GBPCAD is strong enough to break the pink channel, we should see further bearish movement to the downside
GBP CAD SELL (POUND STERLING - CANADIAN DOLLAR)Hi there. Watch strong price action at the current price for sell.
GBPCAD 1:4 Risk Reward (BREAKOUT HIGH RISK)Daily resistance however majority sentiment looks short
- Potential breakout because fundamentals are looking stronger for GBP
- Would target all the stops for the masses
- Potential 1:4 Risk Reward until the next selling area
- Brexit delay reduces some of the uncertainty with a possible deal by may
- Allows time for legal infrastructure changes in businesses in the UK and EU
GBPCAD Multiple Rejection, Double Top, Rising ChannelHere we have an opportunity to short GBPCAD at the break of the rising channel.
Bearish Signals: Double top, RSI divergence, 1.272 fib extension confluence with channel support and structure (look left!)
GBPCAD approaching support, potential bounce!GBPCAD is approaching our first support at 1.7268 (horizontal pullback support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) where a strong bounce might occur above this level to our major resistance at 1.7443 (38.2% Fibonacci retracement).
Stochastic (34,5,3) is also approaching our support where we might see a bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
What goes around comes back around With this pairing breaking and re testing a good trendline TL late last week we can only see downside movement and possibly reaching our target zone of around 300 pips from current price.
We have placed our target zone where we have because it is very strong support and resistance area where price has respected as far back as 2009... See the importance of keeping these key levels on your chart or at least wrote down somewhere safe.
PLEASE TRADE WITH CORRECT RISK MANAGEMENT and only use our analysis if it lines up with your own.
GBPCAD | Long trade setupHere's a low risk long trade setup for GBPCAD.
Momentum has slowed in a support zone which also lined up with an ascending trend line.
We have a good opportunity to attempt a long trade with low risk & high reward.
GBP/CAD Long (Pure Price Action)Just started postin :)
I see GBP/CAD to make a just a little more pullback,then i expect it to go up. :)
If anyone cares leaving a like.
:)
GBPCAD short POSSIBLE tradeConsidering the divergence, the way the price is moving (more like correction than a strong impulse bullinsh move), the current downtrend (daily timeframe) and the channel/support resistance zone, this could be a potential short trade. ONLY TRADE IT IF YOU SEE AN ENGULFING BEARISH BAR then the price test the confluence level.
GBPCAD Shortbear divs on small timeframes, bear channel, stoch rsi crossing down on bigger timeframes
GBP CAD BEARISH CYCLE APPROACHESIM LOOKING FOR THE FINAL OF THE BULLISH CYCLE FOR PUT A BIG SELL IN THE BEGINNING OF THE BEARISH CYCLE.
lf for a stop hunt or a good "M"
GBP CAD SELL (POUND STERLING - CANADIAN DOLLAR)Hi there. Price is forming a continuation pattern to the downside. Watch strong price action at the current price for sell.
GBPCAD Buy Ichimoku Cloud Channel TradeThe Month;y and Daily are Bullish. This is an advanced technique trade. the cloud is thick and and ascending which is what we need.
Buy entry is the Senkou B = 1.7433
PT =is the Senkou A = 1.7515
Stop = 1.7413
Risk = 20 pips
Reward = 82
RRR = 4.1 :)
Has GBPCAD broken out of this tight range?!?!GBPCAD has been in a tight range since Aug of 2018 and finally cracked through the upside. Observe it on the daily it also has been making HLs and HHs as well. If we finish this week with the weekly candle above the 200 and above @1.74423, we can potentially see the bulls up and running on this pair and take it to 1.76570 as the next stop to be tested then maybe pullback on top of the range that it was on previously.
GBPCAD clear trendGBPCAD is in a major uptrend giving us nice and clear Higher Highs and Higher Lows.
If we see past data, the bounces on the trendline and Stochastics reversals were clear and precise, and this exact same pattern is occurring right now, adding this time a harmonic pattern to our charts. Also, if we see the daily candlesticks, bullish momentum is CLEARLY dying for the pair and more sellers are coming to the market.
We should see this pair alongside all GBP pairs dropping to key levels. Will go short once Stochastics cross each other.
TRADE IS VERY OBVIOUS SO BE AWARE OF MARKET MANIPULATION.
