Gbp-cad
GBPCAD New Highs in SightGBPCAD new highs are in sight.
Details are on the chart.
Failure to hold and close above 1.710 will invalidate this analysis.
Happy Trading!
EURCAD SELL opportunity-Tendency - downward
-Breakout support
-Downtrend TL
-FTB
-Price Action confirmation
GBPCAD Technical Analysis and StrategyThe pair has broke the 1st and 2nd yellow trend line which lead to us closing our long position with profit. We are planning to buy it again in the blue support zone (1.70282 - 170318) with green are as our target. OANDA:GBPCAD
GBPCAD FOR BUYBased on the charts, there is enough support for GBPCAD for a buy that is rallying up!
GBPCAD LongAs the strong resistant level (upper red line) holds, price moves towards either the weak support (yellow) or strong support (red lower line ). Assuming that the yellow support will hold, a nice long position opportunity could occur. This long, would be confirmed IF 1.71 is broken upwards.
The other scenario (as I see it) is a short opportunity after breaking the yellow support. IF the yellow support breaks, the short entry should be if the 1.70 is broken.
Summary;
Long:
Entry: 1.709
Stop Loss: 1.70
Tp1: 1.726
Tp 2: 1.739
Short:
Entry: 1.699
Stop Loss: 1.704
Tp1: 1.689
Tp2: 1.675
(disclaimer, do not invest more than you can afford, It is an idea NOT a financial advice)
GBPCAD approaching support, potential bounce!GBPCAD is approaching our first support at 1.7056 (horizontal swing low support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 1.7292 (horizontal swing high resistance, 50% Fibonacci retracement).
Stochastic (89,5,3) is also approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
GBP/CADJust waiting on another test to the 1.74950 area, 127% rejection fib level.
looking to take a short down to the 1.71800 region ( 61.8 Fib rejection)
GBPCAD Continuous Downtrend, Multiple Structure Levels BrokenFollow Trend Continuation Down.
Break below 200EMA
Bear Flag forming
GBP/CAD short setup, short break below 1H 200 SMAThe pair is holding support at 1H 200 SMA at 1.7326, break below will see further weakness.
Next major support lies at 200-DMA at 1.7122 ahead of 61.8% Fib at 1.7051.
On the flipside, 5-DMA is immediate resistance at 1.7396. Break above could see further upside.
Support levels - 1.7326 (1H 200 SMA), 1.7234 (38.2% Fib), 1.7122 (200-DMA)
Resistance levels - 1.7396 (5-DMA), 1.7424 (1h Upper BB), 1.7526 (Jan 25 high)
Watch out break below 1H 200 SMA to go short, tgt 1.7230/ 1.7130
GBPCAD approaching resistance, potential drop!GBPCAD is approaching our first resistance at 1.7524 (Horizontal swing high resistance, 50%, 78.6% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur pushing price down to our major support at 1.7055 (Horizontal swing low support, 61.8% Fibonacci retracement).
Stochastic (89,5,3) 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.
GBPCAD approaching resistance, potential drop! GBPCAD is approaching our first resistance at 1.7549 (100% Fibonacci extension, 50%, 78.6% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 1.7055 (61.8% Fibonacci retracement, Horizontal swing low support).
Stochastic (34,5,3) 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
GBP CAD BUY (POUND STERLING – CANADIAN DOLLAR)Hi there. Price is forming a continuation pattern to the upside. Wait for the price to hit the bottom of the pattern and watch strong price action for buy.
GBPCAD sell setup!Hi, as you can see GBPCAD broke the previous top. If you look on the bigger picture we are at the top of the bigger correction. Taking the sell here is a great idea. It broke the trendline with an impulse. Don't jump in the sell right now. To confirm this big down move it has to make flag under the trendline. When it makes the flag only then i will look for big sell. It could go really deep, but not expecting to break the low.
BONUS: If you look at the previous down impulse you will see what type of the flag I'm looking for!
Make the bank rolls! $$$$$$$ :D
P.S. If you want to see how i manage one trade at BE take a look at update on my CADJPY idea. Amazing! :)
If you like what i do click that like & follow button. Likes and followers motivate me to spend my free time posting content for you!
Thank you for your support!
All the best,
Antonio
GBPCAD approaching resistance, potential drop! GBPCAD is approaching our first resistance at 1.7526 (horizontal swing high resistance, 78.6% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur pushing price down to our major support at 1.7055 (horizontal swing low 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.
GBPCAD approaching resistance, potential drop! GBPCAD is approaching our first resistance at 1.7495 (horizontal swing high resistance, 100% Fibonacci extension, 50% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 1.7294 (100% Fibonacci extension, 50% Fibonacci retracement).
Stochastic (34,5,3) is also approaching resistance and 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.
