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Gbpcadidea

GBPCAD long trade ideaPlan: resistance level breakout --> 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 like i do, please write it in comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
2
Time to have some GBP/CAD LONG action For the last 12 hourly candles the BEARS have pushed down the price of GBP/CAD but have failed to push the price lower than 1.7020. My experience tells me that continuous price action like this is very weakening for the BEARS as the BULLS stand their ground and don't attempt to drive the price north until they think the BEARS are spent. I believe we have reached the tipping point and we could see the BULLS exert their authority having been under the cosh since early May. We may yet see further downward forces come into play as the BEARS take a breather and regroup higher up but it seems clear we are going higher over the next few hours. I'm in at market (1.7055) with a STOP under the lows at 1.7020.
Long
by theforexportal
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.
Long
by theforexportal
GBPCAD ROADMAP + long trade ideaprice finally hit our long final target on my last GBPCAD analysis (link attached below!) and here's the new trade idea and ROADMAP update. don't forget to use proper risk management & do your own research, good luck traders! Plan: wait for the price to bounce off from key 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 like i do, please write it in comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
2
GBPCAD long trade ideaPlan : wait for the price to bounce off from key 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 like i do, please write it in comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
4
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.
Short
by SmithTradeSmart
1
GBPCAD short trade ideaGBPCAD formed a complex top formation and currently, we are seeing price manage to breakout the trendline support level and also tested the horizontal key resistance level, we should wait for price retracement for a better entry. good luck! **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 like i do, please write it in comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Short
by GWBFX
4
GBPCAD long trade ideaPlan : trendline & resistance level breakout --> 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 like i do, please write it in comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
1