Get started

Gbp-cad

GBPCAD approaching resistance, potential drop! GBPCAD is approaching our first resistance at 1.7502 (horizontal swing high resistance, 100%, 61.8% Fibonacci extension, 50% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 1.7263 (horizontal pullback support, 50% Fibonacci retracement). Stochastic (34,5,3) is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Tickmill
2
EURUSD Today's Possible FOMC Trade FX:EURUSD EURUSD have been trading within a multi sessions bullish channel with new tops and lows, so far price is testing broken highs where I see scope for another high. We have an important news to be released today FOMC meeting minutes, which will definitely impact EURUSD. Looking at the short term momentum which is well lined up so I'll be looking to get long this market. Stops and targets are mentioned on the chart. Thank you for the support. Trade safe and good luck.
Long
by UmarAbdurRehman
1
Possible Gartley on GBPCAD DAs you can see, this channel has already produced a Bat and a Cypher (very good ones btw), and now a Gartley is forming. For sure is not a perfect Gartley... B point is far away from the ideal .618, but it is also far away for the .786 (Butterfly B) I'll keep an eye on the price (and the very important news to come on monday). Numbers look like: Entry: 1.69234 SL: 1.67580 TP1: 1.71548 (1.38 RR) TP2: 1.72262 (1.84 RR) TP3: 1.72977 (2.25 RR) etc... Not a perfect one, so no Limit Orders entries...
Long
by EnzoDamario
GBPCAD approaching resistance, potential drop! GBPCAD is approaching our first resistance at 1.7260 (Horizontal swing high resistance, 100% fibonacci extension, 50% fibonacci retracement) and a strong drop might occur pushing price down to our major support at 1.7139 (Horizontal pullback support, 50% fibonacci retracement). Stochastic (89, 5, 3) is also approaching resistance and we might see a corresponding drop in price should it react off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Tickmill
GBP CAD LONG like Ron Jeremys d#@kWe can see a really strong resistance level that's been respected on the 3 charts, 4H, 1D, 1W but price has also been respecting a lovely trend line ( TL ) in an uptrend, Now most retail traders would probably go short because of this resistance but if you look closer all things point to a buy and if we do manage to break such strong resistance we could see a sizeable movement to the upside. Buying power is far too strong long-term to even consider a long-term short, The current candles on 4H are big and bullish, 1D we have a small bodied bullish candle but with a long lower shadow indicating sellers tried to push price lower but were not strong enough, 1W its only the start of the week but already price has been down and respected our TL. Short term we could see a retest of our TL on the 4H timeframe, so we will be in a very short term sell... After that we are holding long. In our long trade we will have a very tight SL, because this is how much we trust our setups, also if things don't go to plan then we have limited losses.. RISK MANAGEMENT IS KEY. Open your mind and stop thinking 1 dimensional and you will change the way you see charts and the world! Entry, SL and TP are reserved for our clients, if you are interested in joining our team then give us a message. P.S if you don't know who Ron Jeremy is Google him... but make sure your partner isn't around haha
Long
by Apex_Gregg
5
GBPCAD approaching resistance, potential drop!GBPCAD is approaching our first resistance at 1.7145(78.6% Fibonacci retracement , 61.8% Fibonacci extension , horizontal overlap resistance) where we might see a drop in price to our first support at 1.7047 (61.8% Fibonacci extension , 61.8% Fibonacci retracement, horizontal pullback support ). Ichimoku cloud is also showing bearish cloud and we might see a corresponding drop in price should it react off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
Short
by Klimex
SCHOOLS BRAINWASH OUR KIDSAs you can se price is at a very strong support level as marked out by the orange arrows, so we are expecting a bounce and a rally to the upside. You see how simple trading can be? So why do schools not teach the tools you need for trading if they really want people to succeed? That's correct because they want to brainwash you and hide you from making proper money so the government can keep you in line and control you. You go to work to pay for a lovely house that you are never in because your always at work... just so they have you by the balls and you have to keep working to pay the government there tax's. People are set up to fail from the 1st day they go school. Open your eyes people and don't be a brain dead zombie like they want... P.S what do you think the government are putting in your tap water? i would go and do a bit of research if I was you. Anyway we are long on this trade.... RANT OVER ;p
Long
by Apex_Gregg
6
GBPCAD approaching support, potential bounce!GBPCAD is approaching our first support at 1.6987 (horizontal swing low support, 61.8% Fibonacci retracement , 78.6% Fibonacci extension ) and a strong bounce might occur below this level pushing price up to our major resistance at 1.7134( 50% Fibonacci retracement , horizontal swing high resistance). Stochastic (55, 5, 3) is approaching its support where a corresponding bounce could occur. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
Long
by Klimex
GBPCAD approaching support, potential bounce!GBPCAD is approaching our first support at 1.6987 (horizontal swing low support, 61.8% Fibonacci retracement, 78.6% Fibonacci extension) and a strong bounce might occur below this level pushing price up to our major resistance at 1.7134( 50% Fibonacci retracement, horizontal swing high resistance). Stochastic (55, 5, 3) is approaching its support where a corresponding bounce could occur. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
Long
by Klimex
BUY!!!!! sell your house and BUY GBP CADSupport purple arrows resistance orange Look how many times price has used our support and resistance zone, easy to see its a very strong zone and ready for a reversal, add in the fact that this zone lines up with our trend line that has also been very well respected we can only see a reversal coming after price has had a big push down the past few hours. So we will be looking for a long trade once price respects our zone and trend line. All trades will be sent to our clients along wit TP and SL. Now we don't really mean sell your house and put it all on this trade... but if you are are stupid then I hope our analysis is wrong and you loose everything :p
Long
by Apex_Gregg