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Gbpcadlong

GBPCAD Long OpportunityMarket Structure is KING! Hey, if you like this idea be sure to support with a like and a follow. Here is my analysis for GBPCAD for the upcoming week, wait for price to pullback to retest resistance and take a short down to the next DEMAND area than look to go long. What are your thoughts? Leave it in the comments below! Blue Signal FX Rules-Based Trading 1. CHECK THE NEWS! 2. WHAT IS THE OVERALL TREND? Market structure will give you direction. 3. IS PRICE AT A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)? 4. IS PRICE APPROACHING A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)? 5. ARE YOU TRADING WITH THE TREND OR AGAINST THE TREND (MAKE SURE YOU ONLY TRADE AGAINST THE TREND ON THE 4HR TIME-FRAME AND ABOVE. 6. CHECK FOR DIVERGENCE.
Long
by bluesignalfx
GBP / CAD 1.65882 - 0.1 % LONG IDEA * PRICE ACTION & STRUCTUREHEY EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE. NEW WEEK, NEW OPPORTUNITIES. LOOKING AT THE GBP / CAD * The PAIR has been trading in a FALLING WEDGE range-bound within this structure , retested this level somewhat now signaling continuation. - Short term the pair is currently rejecting at this structure possibly signaling continuation in momentum on the 4h chart this in a falling wedge at the support within the structure.. - Looking for long entries on the THE POUND / CAD this week should all the rules of the formation be met. ON THE HOURLY SCALLING IN FOR ENTRIES HERE IS WHERE WE ARE AT lets see how it goes IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
Long
by PULEMokhothu
2