Gbpcadlong
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.
GBP/CAD Long Worth Watching!The pair is approaching its long term resistance once again, after failing to sustain the upside after breaking through in early March.
An important thing to note is the long term resistance almost exactly coincides with the 0.786 Fibonacci, providing further evidence this is a key resistance.
Should we break the 0.618 resistance, we can expect upside to the long term resistance, given my long bias as the pair is trading above its 200 day moving average. Once at this point we have two more buying
as shown by the red arrows.
I'll be looking at buying opportunities following a retracement from 0.618 resistance level.
I'd love to hear what you think!
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 Trading In Channel Pattern.GBPCAD is Trading in Channel Pattern also, it is trading more time in the lower part of the channel, so we might see the continuation of the trend in channel pattern or further downside if it breaks the channel pattern.
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Note - Trade With Proper Risk Management Only
Thanks
GBP CAD may go downtrend, it has break the support line GBP CAD may go downtrend, because it broke the support line, after that its had last good bye kiss ( going back and touching support line again), now its ready to fall very down.
dont forget to take Stoploss and take profit.
using this kind of analyzes are more safe in long positions.
GBPCAD potential bounce!
GBPCAD expected to reverse up to 1st support at 1.76955 where it could potentially react and bounce to its resistance at 1st resistance 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 - INTRADAY - 06. APR. 2020Welcome to our daily trade setup ( GBPCAD )!
-
1 HOUR
Strong bullish price action after taking out 1.72600 Psychological area.
4 HOUR
Very bullish market in small pullback before heading back up.
OVERALL
We might see a push back to previous highs or even higher, great long entries!
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FOREX INTRADAY
BUY GBPCAD
ENTRY LEVEL @ 1.73760
SL @ 1.72810
TP @ 1.75210
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 - INTRADAY - 01. APR. 2020Welcome to our weekly trade setup ( GBPCAD )!
-
1 HOUR
Bullish reaction to 1.74000
4 HOUR
Prices broke back above mid term bullish trend area, looking for another push to the upside.
OVERALL
PA increasing with good entries for long positions.
-
FOREX INTRADAY
BUY GBPCAD
ENTRY LEVEL @ 1.75510
SL @ 1.74060
TP @ 1.77510
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