Gbpcadlong
GBPCAD BUYHappy Thanksgiving everyone! Apologies for my absence these past months, however, lets get back to MAKING THIS MONEY! I drew this chart 2 days ago when I created the zone that GBPCAD has currently fallen within. I do believe being that it is currently in an uptrend we should still see the bullish momentum to the upside. The tp I set is for small gains. Although, buy long term would be beneficial to all the swing traders. This is my personal opinion, however, let me know if you guys see anything differently I'm open to all opinions. Thanks for listening guys. LETS GET TO FINANCIAL FREEDOM!!!!
gbpcad buy setupgbpcad is in a very good trend we will see continuation if it doesn't break last higher low and I am looking for buy after minor resistance is broken
just my opinion, not an investment advise
GBP/CAD Technical Analysis
The counter is currently in an ascending formation.
It has hit the upper parallel which also coincides with a rejection zone.
Hence, we expect the pair to retreat to lower levels from here.
gbpcad buying opportunity, levels to scale in position provided.here we have an inverse hs situation which will make a move of about 200 pips to the upside +. buy in 1.71 1.705 stop 1.695 in my opinion this is going to make a nice move to 1.73+
GBPCAD W1 NOV 2020GBPCAD
Long Setup
We are seeing price ranging in between this ascending channel. We can go long once price breaks this minor descending trendline. If a break downwards of this channel
occurs, a short position would be considered more profitable.
GBPCAD TO RISE!Hello Traders!
here is the full UPDATED Analysis / Breakdown for GBPCAD.
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GBPCAD - BUY - 4H SupportGBPCAD - BUY - 4H Support
Buy @ Current Market or a Break of 1.70959
Stop Loss @ 1.70162
Take Profit @ 1.73361
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GBPCAD Resistance Flipped to Supportafter breaking falling wedge price is above resistance
price successfully close above the resistance and flipped the resistance to support
use small position risk is high
gbpcad gbpcad looks a little messy.
structure is bullish creating HH & HL
A break above resistance will be a nice opportunity to buy with target 1.75000 that is a fresh supply zone.
GBPCAD Ascending triangle + COT BullishGC is bullish currently pushing up to break the resistance at 1.7304. After break and retest, could be opportunity to BUY as COT data is in alignment. We also have bounce from trend line as well as MACD as added confluence. TP 1.775
GBPCAD long trade ideaLast week on the daily GBPCAD has made an Impulse to the upside and went for a retest of the impulse almost to 0.618. So, from daily we have a bullish outlook also today on 4H market shifted from bearish to bullish and we can look for big long from here.
I will open a long from 1.71700. But keep in mind that we have a strong resistance in the weekly chart on 1.72500. So, if the market goes in my favor and tests the weekly resistance I will risk free this trade just in case the market doesn't break weekly resistance but if market breaks weekly resistance we could see GBPCAD move to 1.75000.
Long on Pullback-Descending TL breakout, retest expected
-0.5 fib retracement
-Respectable ascending TL
-Previous resistance now acting as support
-SMA50 momentum shift
GBPCAD Bullish scenario - Kagi chartGBPCAD
Is trading above the 1.71500 level and the kagi is turned green the price will bounce from support level which is 1.71500I am expecting GBPCAD will reach 1.75000 in coming months
GBPCAD Idea/Signal updatePair consolidated for a few hours until the resistance was overcome and closed above (1 hour candle).
R/W - 1/8.
For the more conservative, they can expect a possible retest in that resistance zone that is now a support. That is, wait for the candles to go up and then go down before going back up. It is good to remember that events from the past are not always repeated in the future.
Entry around: 1.72970
TP: 1.76780
SL: 1.72475
GBPCAD 4H Swing trade oppotunityGBPCAD is compliting the bearish flag correction ready to continue with the major down trend
