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Gbpcadanalysis

GBPCAD | WEEKLY FORECASTA similar scenario with GBPJPY: after hitting a Double Bottom in June 2020, The Pound began to build a Reversal structure this month (July 2020) as it Breakout of the neckline (1.69750 level) last week. Tendency: Temporary Uptrend ( Bullish ) Structure: Double Bottom | Support & Resistance Observation: i. Our Double bottom describes a change in trend which emphasizes a momentum reversal from prior Bearish price action. ii. A Breakout off of respected Resistance Key Level (since mid-June 2020) in the latter part of last week. iii . Expecting a Trend continuation after completion of Retracement of Impulse leg that led to Breakout of the neckline. NB: A Breakdown of 1.67700 might render this setup invalid Trading plan: BUY confirmation with a minimum potential profit of 350 pips. Risk/Reward: 1:2.5 Potential Duration: 1 to 7 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and NFTI takes no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level and consult your independent financial adviser as to the suitability of your situation prior to making any investment. NFT&I does not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
Are We In Process of Forming Inverse Head and Shoulders?This looks to be in the process of forming an inverse head and shoulders pattern. So will trade with the move over time. I actually want it to go bullish, but we need a strong confirm for that to happen. So let's what happens. I also have to update my map. That's why you don't see the zones just yet. BULL TPS: • 1.69934 • 1.71040 • 1.71708 BEAR TPS: These are based on where the arrows are. • 1.71234 • 1.70286 These are below the weekly level • 1.68816 • 1.67831 • 1.67196
by NikaJourney
GBPCAD long trade ideaPlan: wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
GBPCAD signal (LONG)Hello friends. Please support my work by clicking the LIKE button(If you liked).Thank you! Everything on the chart. open pos: market targets: 1.7 - 1.71 - ~1.716 after first target reached move ur stop to breakeven stop: under ~1.683 (depending of ur risk). ALWAYS follow ur RM . Good luck Follow me on TRADING View, if you don't want to miss my next analysis or signals. Good luck. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! If i help you to earn some money i will RLY VERYVERY appreciate for your donate. Open to your questions or suggestions(PM to me).
Long
by trytofeelpositive