Gbpcadlong
GBPCAD ROADMAP + long trade ideaprice finally hit our long final target on my last GBPCAD analysis (link attached below!) and here's the new trade idea and ROADMAP update. don't forget to use proper risk management & do your own research, good luck traders!
Plan: wait for the price to bounce off from key support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
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Thank you for your support ;)
GWBFX
GBPCAD H4 ANALYSISHello traders, we currently have a long setup for GBPCAD on the H4 timeframe. Price is respecting many confluence areas, allowing a good probability setup to go long. If you are in this trade, or if you are not in this trade let's discuss why and why not in the comments section below. I will be giving real time updates on my trades as it progresses. If you feel like you're learning, please give us a follow and like the post to help others like you also learn in the forex markets. Study hard!
*Disclaimer*: This trade analysis was conducted by myself and is by no means a trade signal. This trade analysis is based off my opinions and is by no means indicative of future price action.
#GBPCAD - Long Waiting for this correction to be over at some point before I jump on a long position
GBPCAD - SWING - 27. APR. 2020Welcome to our weekly trade setup ( GBPCAD )!
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1 HOUR
Very strong bullish pressure and price action.
4 HOUR
Overall bearish market turning after 1.735 got hit!
DAILY
Great pullback and wave pattern, expecting a push to the upside now.
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FOREX SWING
BUY GBPCAD
ENTRY LEVEL @ 1.74480
SL @ 1.73480
TP @ 1.75930
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/CADGBP / CAD hit its support line and moves up to the specified point. And if it continues to move upwards, it will go up to the next point
HAVE A GOOD DAY.
GBPCAD potential reversal!
GBPCAD expected to rise up to 1st resistance at 1.76955 where it could potentially react off and drop down to 1st support at 1.71778.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
GBPCAD long trade ideaPlan : wait for the price to bounce off from key support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
GBPCAD H1 ANALYSISHello traders, we currently have a long setup for GBPCAD on the H1 timeframe. Price is respecting many confluence areas, allowing a good probability setup to go long. If you are in this trade, or if you are not in this trade let's discuss why and why not in the comments section below. I will be giving real time updates on my trades as it progresses. If you feel like you're learning, please give us a follow and like the post to help others like you also learn in the forex markets. Study hard!
*Disclaimer*: This trade analysis was conducted by myself and is by no means a trade signal. This trade analysis is based off my opinions and is by no means indicative of future price action.
GBPCAD approaching resistance, look out for potential reversal!
GBPCAD is approaching its resistance at 1.76955 where it is could reverse down to its support at 1.71436.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
GBPCAD - Descending Triangle Testing Key Support | Sell | 1:3 RR📢GBPCAD 1H - Technical Breakdown
📈Price action around the current market price is testing the descending triangle key support floor at 1.74930. This is the 4th or 5th time this level has been tested. If this level is broken to the downside bearish momentum will undoubtedly ensue.
📈A short opportunity from the current market price presents a 1:3 RR trade aiming to bank 150 pips down to the current range low at 1.73340 highlighted with a green horizontal ray.
GBPCAD LongOn Friday I had this analysis plotted out, however I missed the entry. We have now had pullback to my original area of interest so will be looking to enter this if the markets respect.
Analysis:
- We saw a break of the descending trendline, with price creating new lower highs.
- Several rejections of the ascending trendline
- My entry area of interest lines up with the rejection of the TL, 50MA and the most recent support zone.
If price fails to break the trendline and support area, I will be entering a long trade for this pair.
GBPCAD CONTINUATION OF THE ASCENDING CHANNELGBPCAD MOST LIKELY TO CONTINUE WITH THE CURRENT ASCENDING CHANNEL... THE POUND HAS BEEN RISING IN THE CHANNEL AGAINST THE CANADIAN DOLLAR SINCE LAST MONTH..
TARGET WOULD BE 1.8200 AREA
BUT WE HAVE RESISTANCE LEVEL 1.7651 ON THE WAY WHERE THE PAIR MIGHT STUMBLE A BIT BEFORE ASCENDING OR EVEN REVERSING FOR NOW GBPCAD LONG UNTIL WE SEE HOW IT PLAYS OUT....
GBPCAD longWe have had a nice rejection of the 50EMA and the ascending trendline.
Will be looking for it to reach the previous high so may be a longer hold trade
