GBPCAD | DAILY | LONGLooking for a drive to the upside on GBP, as there has been excessive selling pressure with strong buyers on the dip. Easier to take this trade in the European market for Liquidity
Big Picture View
Strong: None
Weak: CAD
This trade is invalid after 29/06/2020 @ 9 pm BST.
Follow me on Tradingview or DM in the chat.
Don't forget to hit the like button
🐉 HAPPY TRADING 🐉
Gbpcadlong
GBPCAD - SWING - 24. JUNE. 2020Welcome to our weekly trade setup ( GBPCAD )!
-
1 HOUR
Bullish week closed above main sr level.
4 HOUR
Expecting another push to the upside.
DAILY
Overall bearish market about to turn, good long entries!
-
FOREX SWING
BUY GBPCAD
ENTRY LEVEL @ 1.69160
SL @ 1.67710
TP @ 1.71270
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
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.
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.
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 )!
-
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!
-
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!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN