Gbpcadforecast
SHORT GBPCADGBPCAD IN A CLEAR BEARTREND, SHORT GBPCAD, SOLD 25% WITH A LIMIT ORDER AT THE HIGHEST MOVING AVERAGE AND THOSE LINES ABOVE SHOW LIMIT ORDERS TO SELL MORE, THE FIRST TARGET IS THE LINE BELOW.
GBPCAD - SELLPrice tends to go the other way at the start of the week before the trend continues, we will wait for confirmation before continuing the sell
GBPCAD: Bearish Targets Once It Breaks Trendline Support1. GBPCAD bounced from the falling channel's resistance
2. A weekly close below the critical support & resistance of 1.7250 area
3. Hidden Bearish divergence in play to push it further down
4. Now it's holding the rising trendline support
Trade Idea:
Sell trade will be triggered on a break of the rising trendline and successful retest as a resistance.
Target 1 is 1.6620
Target 1 is 1.6280
Invalidation: Break above the resistance of 1.7250
BRITISH POUND/CANADIAN DOLLAR GBPCAD SHORTPrice Retesting previous structure break.Short Pair. FX:GBPCAD
GBPCAD short after a Fake Breakout !!!!friends push like if u like our idea
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GBPCAD LONG - POUND BUYING MORE POUTINES1. RR is good
2. EMAs looking strong both on 4hrly and 1hrly
3. TDI is in the buy zone with RSI above trendline
4. Price action show bouncing on Structure
5. Hourly chart showing good price action as well
Good setup, depending on price action might leave it over the weekend.
GBPCAD bounced from support, potential for a further rise!
GBPCAD bounced off upside confirmation at 1.70664 where it could potentially rise further to 1.71187.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
GBPCAD H4 LONG PRICE ACTION FORECASTPrice action broke consolidation channel a buy limit entry expecting pullback before ut continuation is placed.
Great Britain's economy has been showing dampening reports, but technically speaking, this entry displays a UT momentum. A buy-limit entry gives room for the following setup:
S/L: 89 pips - R:R | 1:2 - T/P aiming to a previous support level in confluence with the Fibonacci level 5.0
GBPCAD reversed from resistance, potential drop!
GBPCAD reversed off its resistance at 1.70266 where it could potentially drop further to 1.68984.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
GBPCAD H4 LONG PRICE ACTION FORECASTAfter retesting the support level that wasn't broken and the bullishness with MACD, the setup for a long entry with a buy-limit order is placed.
The target level projected for this entry gives enough room to target an R:R | 1:2 with an S/L: 101 pips.
GBPCAD bounced from support, potential for a further rise!
GBPCAD bounced off 1.69795 where it could potentially rise further to 1.71143.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
GBPCAD bearish continuation Tuesday, 2nd June 2020
#GBPCAD SELL
ENTRY = NOW 1.69600
SL = 1.70000 (-50 PIPS)
TP = 1.66950 (+260 PIPS)
Disclaimer On
PLEASE USE YOUR OWN MONEY MANAGEMENT RULES
Your Money is Your Own Responsibility
GBPCAD Analysis IdeaUpdate on GBPCAD, still waiting for this break to the downside. Any feedback on analysis would be appreciated.
