Gbpcadlong
Thu 7th Apr 2022 Daily Forex Charts : 3x New Trade SetupsGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified 3x new trade setups this morning. As usual, you can read my notes on the chart for my thoughts on these setups. The trades being a AUD/USD Sell, GBP/CAD Buy & NZD/USD Sell. Just watch the correlation and overall risk here. Enjoy the day all. Cheers. Jim
GBP/CAD Full Analysis , My Long Setup After Daily Closure This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
LONG ON GBP/CAD Downward channel falling into a major support zone on this pair.
small morning start candle stick pattern on the 2hr timeframe.
it would be a safer trade to get in after the breakout then a retest, Im just trying to catch it early.
Here is the play I will be taking on this pair:
OT = MARKET BUY NOW
P = 1.63255
SL = 1.62865 - 42 PIPS
TP = 1.64541 - 125 PIPS
GBP/CAD Full Analysis , More Than 2 Setups In This Video !This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
GBPCAD | BOUNCE FROM SUPPORTGBPCAD has bounced from daily support and trading above it. It has falling resistance which can be the hurdle. We are expecting the reversal from here and if it successfully manage to break above trendline then bulls will attack.
Breaking horizontal support will call more bears in the party.
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.
Wed 23rd Mar 2022 GBP/CAD Daily Forex Chart Buy SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a GBP/CAD Buy. It is a tricky one as it is a 2nd attempt at the same trade due to the Buy signal still being valid. Enjoy the day all. Cheers. Jim
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
GBPCAD | BREAKING OUT ?GBPCAD has been in bearish trendline as highligted with the falling trendline. The pair is bouncing from the support zone which it last tested on 20th Mar 2020. The chart also printing the bullish divergence which looks strong. If we have a closing above then one can enter long in here.
Trade your levels accordingly.
GBP/CAD descending triangleGBP/CAD has been a very stable monument inside the triangle, representing a steady correction and rejection inside the pattern.
But, a breakout from the upper trend could initiate a very strong uptrend. But, if the pressure is heavy on the 0.6670 support level, it might get broken, and then the price dip a little bit more.
Moreover, there is still a chance for the price to continue in the triangle for a little while.
Watchlist.
GBPCAD LONG - Buy Entry - H4 ChartGBPCAD LONG - Buy Entry - H4 Chart
Buy @ Market
Symbol: GBPCAD
Timeframe: H4
Type: BUY
Entry Price: Buy @ Market
TP - Resistance @ 1.68134
Support @ 1.65596