GBPCAD – New Week Analysis – 5-Apr-21
📈 BUY ZONE – 1.73493 to 1.72993
🔷 Take Profit 1 - 1.73693 (20 Pips)
🔷 Take Profit 2 - 1.73993 (50 Pips)
🔷 Take Profit 3 - 1.74493 (100 Pips)
⛔ Exit / SL - 1.72493
There is potential for the price to move higher, its showing support for price reversal around 1.73500 region, if this support holds then we can see the price bullish towards 1.74500.
Gbpcadidea
GBPCAD - Buy Entry - H4 ChartGBPCAD - Buy Entry - H4 Chart
Buy @ Current Market Price
Stop Loss @ 0.5% to 1% of your Account Balance
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🔺 DISCLAIMER
🔺 The content of this analysis is subject to change at any time without notice.
🔺 It is provided for the sole purpose of assisting traders to make independent investment decisions.
🔺 You must do your own research to create your own trading plan for the market.
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GBP/CAD Has Stabilised, Safe For LongsThis has settled after the move last week. The spike has had some retracement and created a support. A long from here should be fairly safe, environment is bullish as can be seen using MACD and EMA's on 4HR and daily timeframes. Target is 1.77585 as there is a lot of previous structure and resistance around this level.
GBP/CAD Has Retraced, Look to Long From HereThis has retraced to what should be the new support level. Watch for this to turn higher using the MACD and EMA's, can also use 1HR for another perspective. Target is 1.77585 as there is a lot of historical resistance around this level. SL just below the low at 1.73750
GBPCAD long trade ideaPlan: wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
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Thank you for your support ;)
GWBFX
GBPCAD short trade ideaPlan: trendline and support level breakout --> wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
GBPCADGBP/CAD price action seems to have drifted lower as the Pound Sterling surrenders recent gains due to fading Brexit deal optimism. This coincided with another reaction to technical resistance highlighted by the 1.7500-handle. We could soon see a resumption of buying pressure around 1.7330.
create a long position order there.
stop loss 1.73015.
like if you agree!!