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Gbpcadlong

GBPCAD bullish scenario:In this pair, we have the technical figure Triangle. The Triangle has broken through the resistance line on 07/07/2021. GBPCAD forming a bullish formation on a daily chart. If the price holds above this level we will have possible bullish price movement with a forecast for the next 22 days with a target of 1.7367. If we decide to enter this position our stop loss order should be placed at 1.7367. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
Long
by legacyFXofficial
GBPCAD long ideaAs we can see on the daily, GBPCAD has been having a lot of fun within the marked range. As GBPCAD approached the botom of the range, a fairly simple and easy trade to make is to long towards the bottom, set stop loss slightly below previous wicks outside of the bottom of the range (protect against liquidity grabs) and aim for the top of the range as a take profit. These trades are typically easier to hold and run with, because end of the day it's the simplest type of trade. Be wary of any consolidation within the middle of the range, we know this happens often, nothing to be afraid of but if you are advanced you can manage your position by selling at the top of a consolidation within the middle of a range and buying the botom of it, however you ask yourself how close is this to scalping and if you should be range trading in the first place. Fundamentals: GBP has been on a downer lately, this will pick up as the UK begins to leave lockdown restrictions in July and travellers are welcomed back in. Meanwhile the CAD is having the time of its life along with Oil, and we know the Canadian Dollar is a commodity currency and goes hand in hand with Oil so any weakness there could see the CAD drop, resulting in GBPCAD rising. If you like this idea and analysis please leave a like and give me a follow so I know to continue with the ideas! Feel free to leave a comment if you agree/disagree!
Long
by FriesianFX
GBPCAD potential for further upsideGBPCAD is appraoching 1st support which is our horizontal overlap support in line with 50% Fibonacci retracement and 61.8% Fibonacci extension. Prices might push up towards horizontal swing high resistance in line with 78.6% Fibonacci retracement and 78.6% Fibonacci extension. If prices continue to push down, prices might take support on horizontal swing low support in line with 127.2% Fibonacci extension. Ichimoku cloud is also below prices, showing a bullish pressure for prices.
Long
by TradeGATEHub
GBPCAD's Probable RallyHello fellow risk-takers GBPCAD's bias is bullish in my books. The red descending trendline is unreliable and prone for breakouts; I call these types of trendlines "even trendlines— i.e., AB = BC" and data shows that, more often than not, these trendlines break. I am bullish on this pair, and already opened a long position on Thursday of last week. If this trendline breaks as expected, I will be looking to add a further position. However, price is erratic at this point, and the probability of tight stop-losses being wiped out is increased. Happy Trading. ______ *This information is for entertainment purposes only and shouldn't be construed as investment advice.
Long
by UnknownUnicorn9837669
GBPCAD > Ridiculously Useful Setup for Possible 157 Pips!I hope you are feeling generous and loving today to give me a like and leave a comment it will really support the creation of new free ideas for you. Analysis on #GBPCAD Hello friends. the market here seemed to be bottoming and it might be forming a triangle here but it doesn't meet the rules so i can't take it, however here is my plan: >> if the market breaks and closes above the neckline then drop a one-time frame looking for a valid reason to get in a long trade for a possible 157 pips for a target. Safe trading everyone Check today analysis below⠀ >> “Control Your Emotion and You Control Your money.” _____________________________________________________________________________⠀ -Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀ -Please note this is just a PREDICTION and I have no reason to act on it and neither should you
Long
by TheTradersAvenue
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