Gbpcadbuy
Price approaching Support, BIG BUY on GBPCADGBPCAD is approaching a support zone. Along with that the 100D EMA at 1.7325 can also support the price.
Hence, traders can long for BUY at 1.7315-1.7345 with SL below 1.7265.
TPs can be set at 1.7400 and 1.7550 respectively.
For daily signals, updates and ideas, check my signature at the bottom of this idea.
Want a PI#S with a FREE ALCOHOL?Circled in purple you can see how price hit our support zone and then bounced, we can see price making a bullish run up to our TP1 zone ( 1st green box ) this is 100 pips away, so even though this is a little late entry there will still be some good pips to be caught. After TP1 is hit there is a possibility that price might also hit our TP2 ( 2nd green box )
Like always trade with correct risk management, especially with BREX#@IT going on and the joke that is the UK government who couldn't organise a pi#s up in a pub with a free alcohol.
These are only our views and please only use them if they line up with your own analysis.
Use your own brain.... if you have 1 ;p Key levels that price has been respecting over and over again, trendline has been respected and touched 3+ times so price could come down to retest this again, At the moment price is caught in between 2 key support and resistance levels so we will be waiting to see if price goes bullish or bearish.
Our overall outlook is bullish, so this could come after a retest of support of our trendline, You must be patient and wait to see what direction price takes, if you jump in this trade now your an idiot ;p
So just use this chart to help you, and use your own brain when to enter... if you have 1 ;p
#GBPCAD Seems more promising than everUsually, the definition of a rising trend is that each new rise will be higher than the previous one and so on, here it does not happen. The price does not succeed in breaching the resistance in the price area 1.7760, but what is going on here is after each increase of the gbpcad comes a correction that is smaller than the previous correction And so on, which is a positive sign of an upward trend! Our recommendation is buying
Buy GBP/CAD:
Entry price:1.7658
Take profit: 1.7740
Stop Loss: 1.76
GBP is like a dirty wh#@e... Trade with protection!It doesn't take a genius to work out and spot key levels on this pairing as historically price respects them, and once again we can see price respecting our support and resistance levels ( green lines ) on this chart.
More recently price has respected a lovely trend line ( TL, Blue line ) that has formed, price has bounced off this TL 5 times in the past 6 days making this a strong TL that must be respected.
From here and taking all factors into account we can only see price continuing to respect this TL all the way to out resistance line, and once at resistance we can see a possible break through resistance pushing price higher.
Please remember to trade with some protection as GBP is like a dirty wh#@e, And you wouldn't get playing around with them without protection would you? ;p
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
GBP CAD GO 4th and multiply1.72568 resistance and 1.71336 support we placed these levels on the 4h chart, As you can see we have the 1H, 1D and 1W charts also open with these same support and resistance levels and on each different timeframe you can see they are well respected.
1H gives us a strong buy signal with an engulfing ( latest candle covers the whole of the candle before it ) BULLISH candle.
1D also gives us a buy signal even though the last candle formed is a biggish bodied bearish candle it also has a large lower shadow which indicates that bears tried to push price through our support but failed, and taking into account the lower timeframes pointing to a buy then the daily candle also has bullish power.
1W is also a big buy signal, the previous candle has a large lower shadow which broke through our support level but the bulls came and pushed the price higher towards the end of the week and price closed just below our support level, the bulls will continue to push price higher at market open and carry on this trend.
So all in all we are looking at entering a....... Yes a buy, nobody can be stupid enough to think a sell from our analysis rite? Well actually it depends how much tap water with fluoride in you have been drinking ;p
We are waiting for the perfect enter on this position, once we enter we will send the signal along with SL and TP to our clients
GBPCAD / 4H / POTENTIAL CYPHER PATTERNPAIR: GBPCAD
TIME-FRAME: 4H
TRADE: CYPHER PATTERN
Waiting for a Long opportunity on the GBPCAD 4 Hour time frame.
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