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.
Gbpcadlong
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!
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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!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
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
GBP/CAD BUY SIGNAL Hey tradomaniacs,
welcome to another free trade-plan .
Important: This is meant to be a preparation for you. As always we will have to wait for a confirmation.
Market Buy: 1,70200
Stop-Loss: 1,68855
Target 1: 1,71560
Target 2: 1,72585
Target 3: 1,73223
Point of Risk-Reduction: 1,71100
Stop-Loss: 134 pips
Risk: 1%
RIsk-Reward: 2,30
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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Any questions? PM me. :-)
GBPCAD - SWING - 25. MAY. 2020Welcome to our weekly trade setup ( GBPCAD )!
-
1 HOUR
Bearish market turned bullish again..
4 HOUR
Expecting another push to the upside towards 1.71050!
DAILY
Overall strong waving market structure, great long entries!
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FOREX SWING
BUY GBPCAD
ENTRY LEVEL @ 1.70320
SL @ 1.69790
TP @ 1.71040
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
GBPCADCurrent position taken on GBPCAD, risk free and moving. Please feel free to leave a comment and share your thoughts.
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Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
This information given is not Financial Advice.