Jamie Gun2Head Trade - Selling GBPCADTrade Idea: Selling a break of head and shoulders neckline
Reasoning: Good risk reward aiming at measured move
Entry Level: 1.6030
Take Profit Level: 1.5913
Stop Loss: 1.6066
Risk/Reward: 3.25:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Gbpcadforecast
GBPCAD LONG GBPCAD formed a Ascending Triangle on a H1 Time Frame, and there was a break out to the upside, we expecting a bullish continuation (Three white solder candle stick formation )
We taking this trade based on technical analysis and price action.
(1) DO NOT ENTER ANY TRADE BEFORE THE ENTRY LEVEL
(2) USE YOUR STOP LOSS
(3) DO NOT HOLD A LOSS FOR MORE THAN 2 DAYS
Please use proper risk management depending on your account size, Use lot sizes based on these calculations.
Here is a break down of your pip value in ZAR and Dollars
0, 01 = R1,43 / $0,10c
0. 05 = R 7,15 / $ 0.50
0.10 = R 14,3 / $1.00
1 Lot size = R 146,26
How to calculate Margin = (Lot Size * Contract Size)/Leverage, Lets say your broker gives you 1:500, and you open 0,2 size, How much are you exposing ? calculations : (0.2 * 10 000) / 500 = $4 (R58) also (1 Lot * 100 000) / 500 = $200 (R2 960)
So, each time I open (1 Lot size, am exposing R2960 (Down payment)
Remember, These are long term trades, It is advisable to have enough margin to handle the fluctuation of the markets.
Please like and share for more useful content:
GBPCAD | New perspectiveA visual representation of a line drawn over pivot highs reveals the prevailing direction of price action in the last 3 to 4 months; we want to be looking for opportunities to join the potential decline when it finally happens.
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.
GBPCAD | New perspective | Follow-up detailThis is a follow-up detail on the trade we took on this pair yesterday where we scooped in over 220 pips profit with 2 positions (see link below for reference purposes); Now with a reversal set-up evolving on the 4H time frame and fractal reflections on the 15 minutes time frame, I will say the current structure suggests that sellers might have temporarily lost the moment hereby allowing a buying opportunity which might be the beginning of a retracement wave. In this video, I explained how we can take advantage of the bullish move if it finally happens.
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.
GBPCAD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPCAD | New perspectiveDespite the obvious that we are in a long-term downtrend situation on this pair; the appearance of a structure that looks more like an inverse head and shoulder pattern on the 4H time frame is suggesting we are on a verge of a reversal as we anticipate a breakout/retest of structure to hop in a potential bullish momentum.
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.
GBPCAD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPCAD | Live position review | Follow-up detailsIn a similar scenario to what we have on GBPUSD, the price is back into the trendline which was broken to the upside. I am hoping to see an uptrend continuation in the future.
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.
GBPCAD | Live position reviewEven though this was not part of my plan for the week; the identification of a reversal structure within a strong demand zone on a weekly time frame incited a call for attention.
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.
GBPCAD may break support and continue to lower.GBPCAD has created a series of lower highs on 4H timeframe and putting pressure on local support. As CAD is getting strong and stronger, If GBPCAD managed to break this support, a sell opportunity may arise on the retest of this support as resistance. Please like the idea if you find value in it. And also do not forget to subscribe to ForexWizard Trading Channel
GBPCAD LONG - Buy Entry - H4 ChartGBPCAD LONG - Buy Entry - H4 Chart
Buy @ Market
Symbol: GBPCAD
Timeframe: H4
Type: BUY
Entry Price: Buy @ Market
TP - Resistance @ 1.68134
Support @ 1.65596
GBPCAD 1,000 PIPS SMASHED SUCCESSFULLYGBPCAD initial signal was dropped APRIL 23RD 2021
SELL STOP
GBPCAD
ENTRY: 1.73000
TP1: 1.70000 (300)
TP2: 1.66000 (700)
TOTAL PIPS: 1,000
MASSIVE SWING TRADE WITH PROPER RISK MANAGEMENT
with the final target of over 700 pips, price has taken almost a year to complete this cycle and i am so proud to share it with everyone.
GBPCAD Will Go Up !!GBP-CAD is trading in a falling channel
And the pair will soon be retesting a
Falling support level of the channel and the completion of the bullish harmonic pattern at 1.6480 levels
I think that a rebound followed
By the bullish correction is possible
So we will be waiting for the reversal signs
To be able to enter a long trade
GBPCAD_D1 Bullish Reversal Target is Upper ChannelGBPCAD_D1 Bullish Reversal Shark Pattern, Target is Upper Channel. i'm just enter buy trade and SL use in shark pattern low and target is upper chhanel when upper channel hit i will close my trade, share your openion in comments and if like idia follow me thank you...
GBPCAD | Back in the RangeGBPCAD after giving a fakeout on 18th feb from the defined range has back in the range which it falied to break from 28th Sept. The next possible move will be bottom of the range around 1.69800 and then it might be best to buy on dip with managed risk.
Alternatively, breaking above the range will favors bulls and price will pump to atleast 150 pips afterwards.
Trade your levels accordingly.