Gbpcadsell
Short sell on GBPCAD (inside channel movement. TP and SL)Hello traders. So here is our analysis on GBPCAD . Its a very simple analysis. We have used SUPPORT and RESISTANCE line. The pair is moving inside its CHANNEL for a long time now but has respected its support and resistance line every time. Now as we can see that the pair has hit its resistance line it has started to fall down.
One can see it with TP=1.60000 and SL=1.78000
Views welcome. Thanks.
Ryan.R.Lopes
GBPCAD - FOREX - 05. MAR. 2020Welcome to our weekly trade setup ( GBPCAD )!
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1 HOUR
Very bullish pressure needs to slow down.
4 HOUR
At previous highs and resistance area.
DAILY
Sideways moving market structure, great short entries!
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FOREX SETUP
SELL GBPCAD
ENTRY LEVEL @ 1.73120
SL @ 1.74040
TP @ 1.71260
RR: 2.0
Use 0.5% risk!
(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 rejected by the golden 618. cleared for a bearish 400 pipprice rejected the fib 618 level at 1.7474 and made a clear lowe low and rejected the .50 of the fib as well. if had broken the trendline and
made a stoplosshunt just above the fib level. with an expected strong OIL, we have the option that it will bring down the price of GBPCAD to the 1.66 level where strong support is waiting.
GBPCAD - FOREX - 25. FEB. 2020Welcome to our weekly trade setup ( GBPCAD )!
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1 HOUR
Very bullish price action right now
4 HOUR
Might be the last sellers takeout before dropping back to 1.70500!
DAILY
Bearish waving market at structure top, great short entries!
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FOREX SETUP
SELL GBPCAD
ENTRY LEVEL @ 1.72420
SL @ 1.73350
TP @ 1.70540
RR: 2.0
Use 0.5% risk!
(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