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.
Gbpcadsell
GBPCAD - FOREX - 01. JAN. 2020Welcome to our weekly trade setup ( GBPCAD )!
-
1 HOUR
Bullish reaction to previous support zone.
4 HOUR
Price action too slow to break back to the upside.
DAILY
We need a pullback to the downside first, good short entries!
-
FOREX SETUP
SELL GBPCAD
1ST ENTRY @ 1.72030
2ND ENTRY @ 1.72620 (wait for trigger)
SL @ 1.73660
TP @ 1.70240
RR: 1.1 / 2.35
Use 0.5% risk per Entry!
(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 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.
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.
GBPCAD 4h OutlookGBPCAD 4h Outlook
**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.
_________________________________________________________________________________________________________________________________________
Thank you for your support!
Tradewithsam
GBPCAD approaching support, potential for a further rise!
GBPCAD approaching support at 1.70945 where it could potentially rise further to 1.73180.
*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.