Trading Idea Regrading GBPCAD Currency PairAfter Breaking Daily Trend Line, Now GBPCAD is Going To Retest 1.73047 Level, Before Further Continuation of Bullish Break Out From Range, and Head Towards 1.75982 Level
Inshallah :)
Gbpcadbuy
GBPCAD bullish scenario:In this pair, we have the technical figure Triangle. The Triangle has broken through the resistance line on 07/07/2021. GBPCAD forming a bullish formation on a daily chart. If the price holds above this level we will have possible bullish price movement with a forecast for the next 22 days with a target of 1.7367. If we decide to enter this position our stop loss order should be placed at 1.7367.
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GBPCAD, 4hr tf, new bullish cycle
Same plan as EURCAD. We also saw the potential of GBPCAD new bullish cycle to the upside.
Wait for price to retrace around 1.7160-50 before initianing buy.
We wanna see price complete wave-iv correction before entering buy.
Buy GBPCAD 1.7155
Stop loss 1.7120
Take profit 1.7280 (3.5R)
Use only 1-2% risk
Good luck
GBPCAD LONGGBPCAD BUY :
REASONS :
ITS A PATTERN TREND WHICH GOES UP AND IT WONT HIT SL NOT ATLEAST FOR 2 DAYS SO I GUESS IT GOES UP.
TP : GREEN LINE
SL : RED LINE
GBPCAD: Best long entry to takeGBPCAD will retest this support before going long. We have a good entry level to consider
GBP/CAD Full Analysis And Many Entries Available In This Video This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
GBPCAD LONGHi there,
GBPCAD is setting up for a rally after all this sideways movements we had last months, watch lower timeframes for entries and join the wave
Good luck
GBP/CAD Full Analysis ( Swing Trade And Scalping Trade ) Enjoy This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
GBPCAD trade idea...!Price is reacting to the 38 fib level. Suggest waiting for a candle close before entering long. You need confirmations!
GBPCAD trade idea... follow upI missed the optimal entry for the long.
I'll target the retest of resistance turned support for a second chance entry.
GBPCAD Buy Trade (My View)A Nice Trade Opportunity Here GBPCAD>>>>> Price Bounced Of Support Nice Li Now Looking For A Push Up To Upper Trendline.. SL Indicated On Chart (You Can Have Yours Slightly Lower..) TP INdicated By Dotted Lines
GBPCAD Buy Trade (My View)A Nice Buy Opportunity Just Presented Itself With GBPCAD ... SL $ TP (dotted lines) 1$2 Indicated On Chart!! Looking For A Slight Recovery After That Heavy Fall
GBPCAD - Bullish Opportunities !Welcome to our Trade Setups - April 23th ( GBPCAD ) !
BUY GBPCAD
ENTRY LEVEL @ 1.73283
SL @ 1.72666
TP @ 1.75131
Max Risk: 1% - 3%!
Risk/Reward Ratio: 2
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GBPCAD, 4hr tf, buy on EMA-200 support
Another pair with CAD in it is GBPCAD.
We might actually finished this wave-iv exactly at EMA-200 support which is a strong support.
I tried buying this pair because it offer 1:5 RR ratio with only small stop loss.
The last potential HnS pattern of this pair has been invalidated so i think we will see reversal to the upside.
Buy GBPCAD 1.7370
Stop loss 1.7320
Take profit 1.7640 (5.4R)
Use only 1-2% risk
Good luck
GBP/CAD Long idea UpdateGiven that GBP / CAD has closed above a strong structure that 1.74 area, chances are high that this pair will continue upwards, at least one 100 pips. Plus we have a classic M formation, which also indicates that the price will go up.
