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Gbpcadlong

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.
Long
by ApexParagon
1
GBP/CAD LONG Anaylsis IMMEDIATEHello Traders! Today we look at GBP/CAD. This is a pair I have been following for a while waiting for the opportune moment to enter into a long position. I noticed a few weeks ago a strong Bullish Pennant was forming and we have finally reached the point of convergence. That combined with Mcginley Dynamic (Best Moving average by far if you ask me) and my trend indicator give me a strong buy signal. I also use one other secret indicator for my confirmation that gave me the go-ahead as well. If you want to know that indicator ask in the comments! This is for educational purposes so please trade at your own risk. Below are my exact entries for the trade if you do wish to follow something similar! Entry:1.71269 Take Profit:1.77335 Stop Loss:1.70044 Pip Goal:606.6 R/R 1:4.95
Long
by cdavis1992
2
GBP/CAD should start the 4th wave to the upsidePrice of GBP/CAD approaching bottom of upside channel. We should soon see an impulse to the upside back to the 200 MA, 1.7205. Non Commercials are sill positioned long on GBP. As for CAD, situation is slightly neutral. Price correction to the upside of USD/CAD pair has already started, which means further confluence for the analysis. Short term we want to see GBP/CAD rise to the upside, first price target is 1.72. Overall, the potential of the bullish momentum is the middle band of the uptrend channel, price 1.74. If you find this analysis on point, please like and subscribe for more free market review's.
Long
by TradingExpertGroup
5
Buy GBPCAD after the recent correctionWe have seen a decent correction in GBPCAD over the last few weeks. However, price action indicates that things might turn around very soon. I believe a reversal is on the way for GBPCAD. Technically, a) Price is finding support at the 100D EMA. b) A descending wedge formation is taking place. So, I will be looking to go long in the 1.6850-1.6950 zone with SL below 1.6780. If the trade goes into profit, we can Take Profit(TP) at 1.7080, 1.7200 and 1.7500.
Long
by YourLazyTrader
2
GBPCAD Long Idea Conservative 130 pip targetFor the rest of my life, my setups will have the same concepts/follow the same criteria. I look for spots that institutions have played ball at. If you zoom out you will see they pushed price up previous from the blue line I have drawn. I'm just looking to see if they want to play with that price again. I think they do because they just pushed price down to trigger sell orders, only to begin reversing it backwards. The trap move behavior gives me more confidence in going long. Market structure on the 4HR screams reversal to me as well. I will be looking to enter right where those sell orders got triggered, as they trap them and go long off the retest. Entry Trigger (always the same): 1 minute or 5 minute harmonic pattern My entry for the harmonic is type II divergence in the prz of the harmonic, my stop loss is set by ATR x2 from the entry chart. My targets are set from the 1 hour, in this instance it would be around 1.7100 This could make for a very healthy trade. REQUIREMENT: I'd like to see the 7am-8am candle close bullish, I want to see price climb 20-30 pips higher, to show me the banks are still long.
Long
by elevatedinvestor
4
GBPCAD trade idea on H3Plan : wait for prices to bounce off 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
GBPCAD bounced from support, potential for a further rise! GBPCAD bounced off 1.69650 where it could potentially rise further to 1.72308. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Long
by Pepperstone
1
GBPCAD bounced from support, potential for a further rise! GBPCAD bounced off 25284.1 where it could potentially rise further to 26709.6. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Long
by Pepperstone
GBPCAD approaching support, potential for a further rise! GBPCAD approaching support at 1.69895 where it could potentially rise further to 1.72308. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Long
by Pepperstone
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.
Long
by ApexParagon
GBPCAD bounced from support, potential for a further rise! GBPCAD bounced off 1.69895 where it could potentially rise further to 1.72284. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Long
by Pepperstone