SHORT GBPCADGBPCAD IN A CLEAR BEARTREND, SHORT GBPCAD, SOLD 25% WITH A LIMIT ORDER AT THE HIGHEST MOVING AVERAGE AND THOSE LINES ABOVE SHOW LIMIT ORDERS TO SELL MORE, THE FIRST TARGET IS THE LINE BELOW.
Gbpcadlong
GBPCAD has touched weekly support and its going longGBPCAD has touched weekly support and also the RSI is indicating oversold condition.
GBPCAD broke through level, I buy here.Price broke through level near 1.7113, I open buy here. There is also a nice looking curve on daily, which looks very bullish to me.
GBPCAD - Ascending Channel.GBPCAD - Ascending Channel. I am taking a long trade on this pair with a great R:R of 1:7. After I have seen confirmation of reversal on lower timeframes (15 & 30 Minute) and price has failed to break the channel, I strongly believe that this pair will push to the upside towards my TP at 1.71900 level.
GBPCAD LONG - POUND BUYING MORE POUTINES1. RR is good
2. EMAs looking strong both on 4hrly and 1hrly
3. TDI is in the buy zone with RSI above trendline
4. Price action show bouncing on Structure
5. Hourly chart showing good price action as well
Good setup, depending on price action might leave it over the weekend.
Intraday - GBPCAD LONGIntraday Analysis - wait for a decent pull back to support area and go long , hope to catch some pips !
I am Targeting Towards: $1.706139 for GBP/CAD PairFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said support outweighs the resistance. I am currently confident in growth correlation for this Forex pair and the target can be met for a quick profit turnover. I think the current market pattern feels obvious, and if you traded Forex you would see what I mean.
GBPCAD bounced from support, potential for a further rise!
GBPCAD bounced off upside confirmation at 1.70664 where it could potentially rise further to 1.71187.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
lONG GBP/CADGBPCAD moves some what in correlation with GBPUSD, We've been bouncing around in a symmetrical triangle between the 1.69/1.70 level for the past couple of weeks, if it breaks above and closes above the symmetrical triangle i see a big break to the upside in correlation with GBPUSD. We've also had a failed breakout to the downside which was quickly shut down.
GBPCAD - SWING - 01. JUNE. 2020Welcome to our weekly trade setup ( GBPCAD )!
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1 HOUR
Turning bullish again, good long entries!
4 HOUR
Price takeout of range lows, looking for upside movement shortly.
DAILY
Takeout of previous lows with instant reaction!
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FOREX SWING
BUY GBPCAD
ENTRY LEVEL @ 1.69530
SL @ 1.68590
TP @ 1.70870
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
GBPCAD Trade Setupjust analysed some candlestick and found out that it can go higher if we have good daily close today overall above 1.70
if we have achieve this level than it is really easy for GBPCAD to move above
GBPCAD H4 LONG PRICE ACTION FORECASTPrice action broke consolidation channel a buy limit entry expecting pullback before ut continuation is placed.
Great Britain's economy has been showing dampening reports, but technically speaking, this entry displays a UT momentum. A buy-limit entry gives room for the following setup:
S/L: 89 pips - R:R | 1:2 - T/P aiming to a previous support level in confluence with the Fibonacci level 5.0
GBPCAD reversed from resistance, potential drop!
GBPCAD reversed off its resistance at 1.70266 where it could potentially drop further to 1.68984.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
GBPCAD H4 LONG PRICE ACTION FORECASTAfter retesting the support level that wasn't broken and the bullishness with MACD, the setup for a long entry with a buy-limit order is placed.
The target level projected for this entry gives enough room to target an R:R | 1:2 with an S/L: 101 pips.
