Gbpshort
GBPCAD Short trade idea in the making +/- 500pipsOn 31 March 2020 the pair made a high @ 1.77958
The #GBPCAD being a #commodities driven pair reacted accordingly to the current oil crises. As if that is not enough the COVID-19 situation just adds fuel to the fire. All of the aforementioned contributes nicely to the short trade idea on the #GBPCAD. The latest hospitalization of Prime Minister BJ and him being moved into the ICU, give us the final support element to this idea.
NOTE: Extra volatility might presents itself due to worse then expected economic data or an improvement or deterioration of Boris Johnson's condition, so, be careful, alert and stay safe.
Entry: enter at market during any pullback opportunity during the NY session today (7 April 2020)
Stop loss: it is advised to apply a 80-100 pips stop loss (micro lots). This is due to the volatility in the #GBPCAD.
Take profit: in the 1.67300 area which will give a good +/- 500 pips
RR: between a 4/5:1
Remember, anything can happen and it will happen.
GBPUSD - uncertainty A large number of options with GBPUSD is giving us 3 main scenarios:
1. Yellow - the simplest, we wait for little up movement and then the continuation of the following correction;
2. Purple - some concave movement after which the top is retested and maybe we'll have another top after which we have another 2 options:
2.1 - Purple - here we have some flat correction and possible continuation of GBP price recovery;
2.2 - Green - after a new top is there we have an aggressive sell-off to complete a sufficient correction;
GBPNZD Enter now and earn alot <3GBPNZD trying to break the main resistance and has tested it multiple times now today GBP CPI news coming out can act as an enzyme to boost it up to and can even cross it's resistance of 2.03982
GBPNZD buy@2.03292
tp@2,03982
tp2@open
Enter this and close half lots when tp1 hits and move the sl at entry level and go long term to earn hell lot of pips
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gbpusd short term buy i see a short term potential long on gbpusd .. waiting for gbpusd to show signs of a reversal first!.. wanna see gbpusd create a higher low and will get in on a retest for confirmation .. for right-now let the market play out .. gu might just make a new high and continue to the downside .. if we see confirmation of a uptrend ..then adjust stoploss to your liking .. wouldnt risk much tho