Get started

Gbpcadlong

Nice Rejection For GBPCAD... What now?Before we start with this analysis, do check out my previous GBPCAD. (Link Below) For those who took a look at that analysis, this analysis will be a continuation from the previous analysis. We saw the fall to 61.8 fib level (also a support at 1.7260) and today's candle we can see a nice rejection off this level. I will be seeing a BULLISH continuation after this retracement to 61.8 fib level. Next level I will be looking at is 23.6 fib level with a nice resistance level @ 1.7492. If we were to see a breakout off that level, a BULLISH continuation is definitely possible. Therefore, do keep a look out at 23.6 fib level when you long this pair. Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!!
Long
by YGForex
GBPCAD, daily timeframe, 5th wave of Elliott Wave (2nd)Hello my friends, Previously i have analyzed GBPCAD and managed to enter exactly on the 38,2 fibonacci retracement of wave-3. I entered exactly on fibonacci 38,2 retracement because the 4th wave usually only retrace around 23,6-38,2 fibonacci retracement. For those who didn't entered GBPCAD on my 1st entry, there is a possibility to enter again here at 1.7450 Buy GBPCAD 1.7450 Stop loss 1.7300 Take profit 1 @ 1.7675 Take profit 2 @1.7875 Disclaimer: I've been buying GBPCAD from 1.7395 and still holding Good Luck
Long
by HayatoDragonFX
GBPCAD H4 LONG PRICE ACTION FORECAST -UPDATE-After the double top spotted from D1, the price action has been under a healthy correction. After the capturing of the bearish movement where the T/P is about to get hit allows the setup of a long entry to ride the upward momentum back to the previous swing high. A buy setup is placed with the following features. The order: Type: buy-limit S/L: 87 pips - R:R | 1:4 - T/P: previous high -- *** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
Long
by OGFXTRADER
GBPCAD, daily timeframe, 5th wave of Elliott WaveHello my friends, Today i noticed some good setup from GBPCAD. Previously this pair make an inverted shoulders head pattern and then push straight to the upside for 700 pips in 2 weeks. I tried to fit some fibonacci tools into it and count the waves according to Elliot Waves principle. Surprisingly, it looks like this pair just finished with the 4th Wave. Wave-4 is the shortest wave and usually it stopped at 38.2 fibonacci retracement. We could possibly see wave-5 from this point onwards and usually it ends at 127% fibonacci retracement of Wave-4 Wave-4 could never touch the area of Wave-1 so we could use stop loss a little below Wave-1. In this case, my stop loss is at 1.7200 Buy GBPCAD 1.7395 Stop loss 1.7200 Take profit 1 @1.7675 Take profit 2 @1.7870
Long
by HayatoDragonFX