Gbpcadswing
GBPCAD Bearish Idea (Weekly Timeframe)For the past two weeks, we observed CAD weakness against several currencies including the Pound! As far as GBPCAD goes we are approaching a very important zone! A zone that stood steadily against bears since March this year!
The bears' dominance is subjected to lower timeframe price action, especially on H4 and H1! Any reversal pattern or candlestick formation will be taken as confirmation for bears' dominance!
GBPCAD Sell signal setup 3hEnjoy a free signal before the week gets started
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GBPCAD
Sell Limit: 1.7150 (Best entry takes the most patience)
Stop loss: 1.7250 (100 pips risk)
Take profit: 1.6680 (470 pips reward)
Risk: 1% to 3% of account (recommended)
Reward/Risk: 4.70 (470/100)
Sell Stop: 1.7075 (Only when market goes above this price will you be able to execute this order or you can use a sell limit)
Stop loss: 1.7250 (175 pips risk)
Take profit: 1.6680 (395 pips reward)
Risk: 1% to 3% of account (recommended)
Reward/Risk: 2.26 (395/175)
GBPCAD - FOREX - 29. OCTO. 2019Welcome to our weekly trade setup ( GBPCAD)!
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1 HOUR
Bearish market open this week.
4 HOUR
Great long entries at our support zone and price action turnover.
DAILY
Bullish waving market with several pullbacks, looks like we need a turn now!
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FOREX SETUP
BUY GBPCAD
1ST ENTRY @ 1.68060 (wait for trigger)
2ND ENTRY @ 1.67350
SL @ 1.66090
TP @ 1.70190
RR: 1.1 / 2.35
Use 0.5% risk per Entry!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN