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Gbpcadforecast

Time To BUY GBPCAD ?? 2000 Pip Move ??Higher Timeframes govern the Lower Timeframes so we must always know what is happening on the Monthly and Weekly charts as you will see me explain on this GBPCAD trade setup using a top down approach. On the Monthly charts we have now entered a key buying area and approaching a very strong ALL time support zone dating back over 12 years ago there has been several strong reactions here previously see image below. The Monthly chart alone doesn't validate us entering the market straight away we need to drop down to the weekly charts and have a look what we see on the WEEKLY charts is clear change of structure in price action as we start to enter and approach the MONTHLY support area as shown in the image below BUYERS entering the market every time price drops and the down swings getting shorter as we approach the KEY level. Also starting to see the formation of a MACD divergence selling exhaustion?? (see image) Next we drop down to the DAILY charts ( see image above) price action clearly validating it's time to start scaling into a BUYING position. We can see the brakes starting to come on price as it enters the KEY MONTHLY level price action starting to move sideways entering an ACCUMULATION market cycle phase after a long drop in price, this is evidence by the DIVERGENCE signals on the MACD. We can start to scale into a BUYING position here a move back up to 1.76 is very possible we want our stops under the MONTHLY area great R/R on this position. Hope you enjoyed this breakdown.
Long
by TheFxAce
Pound loonies support test againHi everyone in the TradingView community. I am Rana Sarmad I like to share and talk about trading strategies. If you are a member of my subscribers list and like my ideas, please don't hesitate to let me know by hitting that Like button and growing my notification count! We are going to discuss about FX:GBPCAD We can see a market break its strong support in D1. but weekly candle is running and FED and GBP rates are ahead tomorrow. So we are expecting a strong rise near support. This is my opinion, I really hope this will be useful for you. This is not a financial advice. Always take trade at your own risk, Be ready and take care your money. Have a great profit ! Risk Warning: Trading Forex and Leveraged Financial Instruments involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Trading non-leveraged products such as stocks also involves risk as the value of a stock can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary. It is the responsibility of the Client to ascertain whether he/she is permitted to use the services of the EMOTT brand based on the legal requirements in his/her country of residence........
Long
by Theranasaramd
Pound may go higher from its support.Hi everyone in the TradingView community. I am Rana Sarmad I like to share and talk about trading strategies. If you are a member of my subscribers list and like my ideas, please don't hesitate to let me know by hitting that Like button and growing my notification count! We are going to discuss about FX:GBPCAD We can see market is going to test its previous support. So we are expecting more rise after testing. This is my opinion, I really hope this will be useful for you. This is not a financial advice. Always take trade at your own risk, Be ready and take care your money. Have a great profit ! Risk Warning: Trading Forex and Leveraged Financial Instruments involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Trading non-leveraged products such as stocks also involves risk as the value of a stock can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary. It is the responsibility of the Client to ascertain whether he/she is permitted to use the services of the EMOTT brand based on the legal requirements in his/her country of residence
Long
by Theranasaramd
2
Pound vs loonies ready for longHi everyone in the TradingView community. I am Rana Sarmad I like to share and talk about trading strategies. If you are a member of my subscribers list and like my ideas, please don't hesitate to let me know by hitting that Like button and growing my notification count! We are going to discuss about FX:GBPCAD We can see market is near its previous support and trendline So we are expecting more rise from its support. This is my opinion, I really hope this will be useful for you. This is not a financial advice. Always take trade at your own risk, Be ready and take care your money. Have a great profit ! Risk Warning: Trading Forex and Leveraged Financial Instruments involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Trading non-leveraged products such as stocks also involves risk as the value of a stock can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary. It is the responsibility of the Client to ascertain whether he/she is permitted to use the services of the EMOTT brand based on the legal requirements in his/her country of residence
Long
by Theranasaramd
#GBPCAD | New perspectiveConnecting the series of lower highs by drawing a line over pivot highs reveal the prevailing direction of price action in the last 4 months as bearish. Despite witnessing a couple of bullish engulfing candles (4H timeframe) during the latter part of last week's trading session, I am of the opinion that the price might respect the bearish trendline one more time before the bullish momentum begins! So, I have identified a key level @ 1.5900 area as this shall be my yardstick for either bullish or bearish bias on this one. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks 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 I take 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. I do 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.
Short
by darcsherry
Pount/Loonies getting back to resistence. Hi everyone in the TradingView community. I am Rana Sarmad I like to share and talk about trading strategies. If you are a member of my subscribers list and like my ideas, please don't hesitate to let me know by hitting that Like button and growing my notification count! We are going to discuss about GBPCAD. Market showed has broken its support but we can see clearly there is no perfect breakout. So we can see There is a falling wedge to create a bullish move towards resistence of 1.59000 and 1.62000. This is my opinion, I really hope this will be useful for you. This is not a financial advice. Always take trade at your own risk, Be ready and take care your money. Have a great profit ! _____________________________________________________________________________________________ Subscribe to my Youtubev channel to make money ➡️ www.youtube.com
Long
by Theranasaramd