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.
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 )!
-
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 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.
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 bounced from support, potential for a further rise!
GBPCAD bounced off 1.69795 where it could potentially rise further to 1.71143.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
GBPCAD bearish continuation Tuesday, 2nd June 2020
#GBPCAD SELL
ENTRY = NOW 1.69600
SL = 1.70000 (-50 PIPS)
TP = 1.66950 (+260 PIPS)
Disclaimer On
PLEASE USE YOUR OWN MONEY MANAGEMENT RULES
Your Money is Your Own Responsibility
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!
-
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
GBP CAD Bullishdont forget the stoploss.
more analyzes on my instagram ( Toforex) and telegram @realtoforex
GBPCADCurrent position taken on GBPCAD, risk free and moving. Please feel free to leave a comment and share your thoughts.
How does your analysis look?
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.
Is there a potential change in direction for GBP/CAD brewing?Since the beginning of May the BEARS have been in complete control of GBPCAD and we've seen the price move from 1.7708 to 1.7024.
I always spend Saturday morning looking at the weekly charts for all my trading pairs and I notice that GBP/CAD has put in a nice long-legged doji indecision candle which hints at a potential reversal. Its true that the Monthly chart continues to look BEARISH and there's not much fundamental support for the GBP so I wouldn't be predicting we're going to see a bounce next week on G/CAD but its certainly worth keeping an eye on and it will be interesting to see where we head first thing next week.
