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Gbpcadforecast

GBP CAD GO 4th and multiply1.72568 resistance and 1.71336 support we placed these levels on the 4h chart, As you can see we have the 1H, 1D and 1W charts also open with these same support and resistance levels and on each different timeframe you can see they are well respected. 1H gives us a strong buy signal with an engulfing ( latest candle covers the whole of the candle before it ) BULLISH candle. 1D also gives us a buy signal even though the last candle formed is a biggish bodied bearish candle it also has a large lower shadow which indicates that bears tried to push price through our support but failed, and taking into account the lower timeframes pointing to a buy then the daily candle also has bullish power. 1W is also a big buy signal, the previous candle has a large lower shadow which broke through our support level but the bulls came and pushed the price higher towards the end of the week and price closed just below our support level, the bulls will continue to push price higher at market open and carry on this trend. So all in all we are looking at entering a....... Yes a buy, nobody can be stupid enough to think a sell from our analysis rite? Well actually it depends how much tap water with fluoride in you have been drinking ;p We are waiting for the perfect enter on this position, once we enter we will send the signal along with SL and TP to our clients
Long
by Apex_Gregg
Respect the pipin ( Snoop Dogg fans will understand ) ;p 1.72507 is a key strong resistance level as we show with our purple arrows where price has respected this level. 1.70319 area was previously used as resistance ( blue arrows ) but more recently was used as support ( orange arrows ) Price is currently sitting at resistance so again we are expecting it to respect this and bounce making movement to the downside, Price could find support around 1.71447 but eventually we are expecting price to fall to 1.70319 area. We will be setting orders and sending ENTRY, SL and TP to our clients.
Short
by Apex_Gregg
Possible GBP/CAD Short position!!SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 1-4 days Actions on - A – Activating Event Currency Pair creating a Double Top . B – Beliefs Market will find support at current levels at @ 1.7444 level and move towards the first Target 1 level @ 0.7100 FX:GBPCAD Trade Management Entered @ Sign up for details Stop Loss @ Sign up for details Target 1 @ 1.7100 Target 2 @ 1.6900 Risk/Reward @ 3.0 Happy trading :) Follow your Trading plan, remain disciplined and keep learning !! Please Follow, Like,Comment & Follow Thank you for your support :) This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Short
by SMPTrader
Short idea for GBPCADGBPCAD is down trending due to printing LHs & LLs, and it is moving in a descending channel, recently price action seems to print a new LH as a typical counter-trend and has reached to upper down trend channel and then inner counter trend line has broken and pulled back to near it, also forming a Head and Shoulder pattern is possible. All in all this is an short idea and it would be triggered if we could see price break local pullback trend line in lower time frames (for example H1).
Short
by suncity