Gbpcadlong
IS GBPCAD ON ITS WAY UP???Hello traders, we have GBPCAD to look at now!
Since GBPCAD has already completed our confirmation and it’s positive to the upside, we should beware of the support zone, which it has created
Also, the partial TP zone can also be a point of rejection; meaning we should be careful of that zone also.
For now, let’s keep an eye on it
GBPCAD 1.69890 +0.02 LONG IDEA * REVERSAL PATTERNSHELLO EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT IN THIS WEEK ON THE POUND CAD.
* Looking at a couple of scenarios on the GBP/CAD
- completion of the INVERSE H&S ON higher time frames
- reversal at 61.8% fib level
- LOOKIMG FOR REVERSAL CONFIRMATIONS ON THE PAIR.
* looking for trend continuation on this pair.
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* 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.
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| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
GBPCAD - BUY strategyMy view earlier had wrong timing, but the overall view seems in tact.
We have a clear inverted false bear flag on our weekly and daily chart. The lower end of the channel is around 1.6653 and the top 1.6930. The downtrend resistance line is protected somewhere above 1.7400.
I suggest buying between 1.6700 and 1.6775 for a move to 1.7380.
Stops can be placed below the channel low of 1.6630.
GBPCAD: Trap Before Continuation Interesting one, the trend is bearish so I would avoid buying until we clearly shift momentum.
Since the OB has a huge imbalance above it, I believe we may run into some manipulation around the zone before continuing down further.
LR - Lure
OB - Order Block
BOS - Break of Structure
IMB - Imbalance
2 Step - Alkalines Secret hahahaahha
GBPCAD LONGHey Traders, in the coming week we are monitoring GBPCAD for a buying opportunity around 1,675 Respecting the ascending Monthly Trend in combination with the Monthly Demand Zone. Once we will receive any Bullish confirmation the trade will be executed.
Trade Safe and use proper risk management on swing trades. because on the long term the movements are more large comparing to intraday trading. so you must use a larger SL with a lot size more smaller than the one you use for scalping.
Trade Safe, Joe.
GBPCAD HAS REACHED A MONTHLY LOW, NOW PRESENTS 450-600 PIP BUY?GBPCAD has reached a monthly low and a D extension.
It appears as though price may have found support. If this is the case, I would like to see a correction to the 61.8 level of the down move.
This would present a buy opportunity of roughly 450-600 pips.
Price could react at the 38.2 which is why I have given a potential profit range.
GBP/CAD | PRICE ACTION | MAY WILL SEE A RAISE OF PRICE | LONG The Bank of England to raise rates by 15bp today. - Bank of America.
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GBPCAD Long Expecting a retest to this Strong Support Level for GBPCAD. Watch for signs of reversal. GBPCAD Long on rejection
Catalyst may come this week with Fed Taper Talk for USD.
Swing has potential to be 500+ pips if full reversal presents itself
Entry 1.6900
S/L 1.6850 (Bigger stop loss due to swing potential)
TP 1 1.6950
TP 2 1.7000
TP 3 1.7050
TP 4 1.7180 (Weekly 200 day EMA) full reversal to go higher
SwingTradingIdea(GBPCAD)(Long)We are seeing a ascending triangle on 4H timeframe, and we reached the support zone on daily timeframe, also if we close this week we will have a buy signal on weekly stochastics. we can trade the triangle and keep the position open for more potential profit, This can be a very juicy trade considering the risk to reward ratio of 1:4.
GBPCAD: Stuck at StructureThis pair is utilising the previous supportive region as new resistance, price seems to be stuck.
The indecision is creating buying and selling pressure in the consolidation zone.
Personally, I would like to see a sell from here to lure more shorts into the market before we bounce at the low for long term buys to break the key structure.
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