GBPCAD - SHORT TO BUY - > :)GBPCAD IS NOW COMPLETING A REVERSAL
WAIT FOR THIS TO COMPLETE AND THEN
ENTER FOR THE LONG
SUPPORT THE MOVEMENT WITH YOUR LIKES,
COMMENTS AND FOLLOW FOR MORE
Gbpcadbuy
GBPCAD UPDATE - watch this for dropGBPCAD has retraced to Nicely on this.
i am expecting it to break down soon, so keep
you eye out for this one.
See previous analysis
I APPRECIATE ALL LIKES, COMMENTS AND FOLLOW FOR MORE
GBPCAD - POSSIBILITYPS: PLEASE CONFIRM BY YOUR OWN ANALYSIS BEFORE TAKING ANY DECISION ON THIS TRADE
GBPCAD - INTRA DAY LONG ENTEREDHey folks,
We have also entered GBPCAD long as we had a confirmed intra day 50/50 bounce.
Again we have a 1:1 RR (not the best I know) but our stoploss is very unlikely to hit as we kill the trade once price closes BELOW 13 EMA.
Let's see how this works out :)
GBP/CAD just made fake broke of 2 months low 1.7052GBP/CAD just made fake broke of 2 months low 1.7052. On the chart, we can see that currency rate bounced up on 725 pips from that level.
For me, it is a safe place where I can open a Long position.
I opened buy at: 1.7064
S/L: 1.7022
T/P: 1.7355
Many of you wrote to me about loses on USD/JPY.
Dear Friends, you need to know that I don't guarantee you that every deal will be in profit. I am a trader, not a scammer. Sometimes there can be even a month closed with loses.
Also, you need to know that even with 40% of profit deals I still earn money because my minimum risk-reward is 1:4 or more. As a trader, you can trade only probabilities.
Also, you need to know I work in FX broker. I sew many traders who make 100% every month but in 99% cases all of them blow out all their money in 3 – 6 months and live trading after that.
That why I totally recommend to you to trade with proper risk management.
GBPCAD Short term BuyHowever overall i am bearish GBP markets since GBP index is weaker across the board, but for now i am looking to buy this market around this support and will hold till my green MA, thereafter i expect it to start fresh falls.
Look for buys if you have your trading strategy.
Trade Safe.
Potential Swing Buy opportunity on GBPCADReasons to buy this pair
#1: W1 Support area
#2: Fibonacci confluence level
#3: H4 Double bottom and bullish "Pin Bar" at 2nd bottom
#4: Bullish H4 RSI Divergence (I forgot to mention :-P)
GBP/CAD PRICE ACTION LONG IDEAGBP/CAD has made a double bottom (albeit imperfect) and a new high as well. Price has come back to re-test the previous high and looks likely now on the lower time frames (D, 4H) as well to push up.
GBP/CAD Buy OpportunityGBP/CAD reached it's bullish channel support, Now it's time for Buy until price @ 1.1.80082
GBP/CAD Buy TradeHere is the below chart GBP/CAD is on uptrend possibility, So there is a possibility for GBP/CAD Buy until price @ 1.77732.
GBPCAD LONG SET UPTWO WAYS TO BUY
1. AGGRESSIVE WAY - FROM "E" WHEN TRIANGLE COMPETED
OR
2. WITH DISCIPLINE - FROM "D" LEVEL BREAK OUT
GBPCAD - BUY bottom of channel with 0.382 Fib supportBUY bottom of channel with 0.382 Fib support
FX:GBPCAD
GBPCAD, Double Bottom. Daily Long.To enter with confidence,
Wait for the price to breakout the neckline.
Risky people can take position in the same range.
GBP CAD - Long Term Analysis I think after long way down we should have a big movement on this pair so keep your eyes on it
Good luck! :)
GBPCAD Bullish PatternAt the bottom of the long-term channel it will complete a Bullish Bat Pattern that can push the price to higher. remember the trend is down so we need a strong trigger to go long
GBPCADBullish Bat Pattern nearing Completion. Point D sits at the 61.8% retracement.
Volume is starting to decline as prices move downward indicating that bulls might enter at any moment.
Notice as well that right below the D point is Monthly and Weekly resistance (broken line) levels.
We also have RSI showing bullish convergence signal.
GBPCAD Awesome Bullish SetupOn the daily time frame GBPCAD is forming an awesome bullish setup. It has diverged itself from the lower range by moving sideways and has now created a new lower range on which its trading now for a while. The Stoch indicator is showing buying pressure is increasing. The indicates that finally soon the price will go up again towards the upper range.
TP: 1.7260
SL: 1.6780
