Gbpcadforecast
GBPCAD Buy signal Setup with potential for longterm holdHeres my analysis on GBPCAD before the week gets started.
enjoy a free signal.
trade at your own risk.
BUY
Symbol: GBPCAD
Entry: 1.727 (market)
Best Entry: 1.723 (Buy limit)
Stop Loss: 1.717 (-100 to -60 pips from B.E.)
Take Profit: 1.7445 (+175 to +215 pips from B.E.)
Take Profit 2: 1.763 (+360 to +400 pips from B.E.)
GBP/CAD this week made us ton of pipsGBP/CAD was one of the most successful pairs for us and we hope that you took our signal as well :)
And as predicted price has reached its Support and now is bounced of it and heading back up. You can enter this trade now but keep in mind this is a swing trade and it going to take a few days to complete. Stop Loss should be placed below the Support line.
Let us know what you think and don't forget to follow us for more ideas :)
Good luck !
BUYING GBPCAD at MARKET (1.7229)With GBPUSD pushing north strongly , this position has a chance with a small risk. The GBP has been battered all day across all pairs and there are signs of BEARISH exhaustion. Worth a LONG trade at these levels with a 29 pip STOP.
Always tricky trying to anticipate a reversal but my specialist indicator is showing this trade as having a good risk/reward ratio so I'm in LONG at 1.7229 with a STOP at 1.7201. This analysis is supported by either BULLISH or doji indecision candles on the smaller time frames.
GBPCAD approaching resistance, look out for potential reversal!
GBPCAD is approaching its resistance at 1.76955 where it is could reverse down to its support at 1.71436.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
GBPCAD - Descending Triangle Testing Key Support | Sell | 1:3 RR📢GBPCAD 1H - Technical Breakdown
📈Price action around the current market price is testing the descending triangle key support floor at 1.74930. This is the 4th or 5th time this level has been tested. If this level is broken to the downside bearish momentum will undoubtedly ensue.
📈A short opportunity from the current market price presents a 1:3 RR trade aiming to bank 150 pips down to the current range low at 1.73340 highlighted with a green horizontal ray.
GBPCAD Selling Opportunity..Multiple scenarios been illustrated above.
CAD totally dependent on OIL.
As OIL been bullish mostly due to fundamental reasons (US & Saudia Contract), CAD made serious
moves too.GBP on the other hand been consolidated last week but made moves at the end of week.
Here GC been trapped in symmetrical Triangle and at Resistance level. It has broken previous support
and retested as well. SHORT once market opens will viable confirmation.
Check your R:R for safe profit.
Lemme know in a comment below about your idea too. :)
#STAYSAFE#STAYHOME
GBPCAD potential bounce!
GBPCAD expected to reverse up to 1st support at 1.76955 where it could potentially react and bounce to its resistance at 1st resistance at 1.71436.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.