Gbpcadbuy
#GBPCAD, Before a serious rise?We had an invalid double top pattern here and the pound returned very quickly to the resistance line and again made a small downward trajectory that didn't hold up either.
Upward trend.
Because we did not break the resistance at 1.7020 Buying now will be dangerous but bold, for those who want a confirmed technical template that will wait for the breaking of the above resistance
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GBPCAD - FOREX - 07. NOVE. 2019Welcome to our weekly trade setup ( GBPCAD )!
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1 HOUR
Bearish pressure and short term price action.
4 HOUR
Sideways moving market structure with several pullbacks.
DAILY
Overall bullish market conditions, filling long positions with good risk reward!
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FOREX SETUP
BUY GBPCAD
1ST ENTRY @ 1.68600
2ND ENTRY @ 1.68010 (wait for trigger)
SL @ 1.66960
TP @ 1.70390
RR: 1.1 / 2.35
Use 0.5% risk per Entry!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
GBPCAD - End is comingANALYSIS ON GBPCAD
Welcome to my analysis
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1 Hour Chart
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Interesting Point of interest In the GBPCAD pair.
- Price still above 200 day EMA.
- Expecting more upward momentum.
- MACD showing bearish divergence so watchout.
- TOP FOR SELL
Trade carefully, buy pullbacks.
Stay Tuned
GBPCAD approaching support, potential for a bounce!
GBPCAD is expected to drop to 1st support at 1.62417 where it could potentially react off and up to 1st resistance at 1.63444.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
GBPCAD approaching support, potential for a bounce!
GBPCAD is expected to drop to 1st support at 1.63616 where it could potentially react off and up to 1st resistance at 1.66041.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
BULLISH RUN FOR GBPCAD On the Weekly time frame price is very bearish in comparison to the bullish momentum we're experiencing. Having said that, price is showing potential to move to the marked target at 1.64840. This is because price move bullish and retraced to respect the 0.5% Fibonacci Level from which price rejected and continued to move bullish.
Happy trading all
GBP/CAD W1 D1 LONG 10.9.2019Technical view
On Weekly timeframe GBP/CAD has showed rejection from very important Supply area. We can see Pin bar was formed last week which we can consider as a buy signal, also we can see pin bar on daily chart. MA10 and MA20 have crossed each other on Daily chart which means there are changing in the trend in play. I will be looking for buy orders on smaller timeframes like H4 and H1 to join new uptrend. As u can see on given example area from 1.6800 to 1.6914 is next key Resistance area for GBP/CAD and there will be my TP.
Fundamental view
Monday GDP data for GBP was more better then expected which are very good numbers for Great Britan economy, and it seem Great Britan will avoid recession. So we could see recovery in GBP in further days and weeks.
GBPCAD approaching resistance, look out for potential reversal!
GBPCAD is approaching its resistance at 1.61834 where it is could reverse down to its support at 1.60360.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.