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Gbpcadlong

GBPCAD LONGHello Guys, In this video i show the areas where i am looking for a long on gbp cad. GBP has been strong post brexit and i expect the strength to continue. I also think that with oils weakness, the CAD is expected to see continued weakness.Note that BOC did cut rates this weak in an attempt to stimulate the economy but the weakness from corona virus and oil seems to be too strong i dont think the 50 basis points that was could will work. In addition to the strong trend from uk's election in December the pair has also had very strong fundamental data from the uk hence i would like to stay on the safe side and only look for longs on GBP pairs since this is likely what big money is doing since it fundamentally makes-sense PLEASE WAIT FOR A PULL BACK
Long
by collinsweball
GBPCAD LONGHello Guys, In this video i show the areas where i am looking for a long on gbp cad. GBP has been strong post brexit and i expect the strength to continue. I expect cad to get some strength from the bullish bias in oil but i dont think the strength will be enough to pull GBPCAD to lower levels. In addition to the strong trend from uk's election in December the pair has also had very strong fundamental data from the uk hence i would like to stay on the safe side and only look for longs on GBP pairs since this is likely what big money is doing since it logically makes-sense
by collinsweball
GBPCAD has completed its short-term inverted H&S pattern!inverted H&S patterns look valid and are perfectly formed on this pair, then we are just waiting for the price to breakout the key resistance before placing any buy order. always remember to wait for further price development. be patient! Plan : key resistance breakout --> wait for price to bounce off from key support --> 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
Long
by GWBFX
2
GBP CAD SHORTHello guys, In this video i am looking for further weakness to the GBP pair. I was already in a trade from last weak and i am looking for further weakness. The current trade i have already locked in profit. If i could get a pull back on the pair or a break of support that will further add validity to the trade. I see the gbp getting further weakness from the just concluded brexit, corona virus and the upcoming trade deals that they have to negotiate with many countries. In addition, we expect to see oil cuts from opec or "tankers being attacked" to reduce the supply of oil since oil has been extremely cheap. This will give strength to the cad further driving the gbp/cad pair down to lower levels.
by collinsweball
GBPCAD buy on H5Plan : wait for price to bounce off from horizontal support --> 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
Long
by GWBFX
2