Gbpcadlong
GBP/CAD The price reacted perfectly between 38.2 % and 50 % of fibonacci by forming the cup handle. The levels of tp only drawn on the chart. Stop loss at sight.
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GBPCAD, daily timeframe, bullish flag pattern materializedHello my friends,
Another pair come to my screener and this one is one of the good pair to trade.
I got some confirmations for GBPCAD to take buy position.
1st confirmation is price breaking above the bullish flag resistane
2nd confirmation is price bouncing of conversion and base line of ichimoku
3rd confirmation is ichimoku cloud is green indicating bulls are in control off this pair
4th confirmation is parabolic SAR finally moved below the price after lasting for 3 weeks above the pair
I am going to add buy position to this pair, i took 1st buy position at 1.7345 from 2 weeks ago and still holding it.
It never hit my stop loss so i never close it.
Buy limit GBPCAD 1.7370
Stop loss 1.7200
Take profit 1 @1.7575
Take profit 2 @1.7950
RR ratio is 1 : 3.4
Risk only 1-2% equity
Good luck
Potential Massive GBPCAD Bull Run!Bouncing off of the 0.5 Daily Fibonacci level, GBPCAD is trading between major support and resistance zones. It is also respecting fibonacci levels on the hourly, and 15 minute timeframes, all with the same bullish momentum. In the very soon short term, I believe there will be a minor retracement to the 73750 level, and a continuation up to the 74217 level breaking the 0.382 Daily fibonacci level. Just an idea.
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GBP/CAD going higher💡Hello traders,
Hope you all have a fantastic day !
I would appreciate any likes and follows from this idea, that would encourage me to publish more ideas and analysis.
GBP/CAD has break above previous resistance line and now will become new support and push price higher to continue general uptrend.
Let us know what you think about this idea.
Trade safe !