GBPCAD – Buyers are going in trending way, but do you thing they
GBPCAD – Buyers are going in trending way, but do you thing they can break even
Trend: Buy/ Neutral
Support/Resistance:
R2: 1.73254
R1: 1.70913
S1: 1.69200
S2: 1.67288
Price action:
Buyers are headed to break R1 level, but suspitious to me is buyer's laziness. In next days we still has to be carefull on candle charatheristics. If Sellers might face off buyers first, then next target for them will be at S1 level. If they break S1 level, then they could go deeper to our last buyers failing move.
Potencial trade idea:
Bulls targets:
T1 = 1.73254
Bears targets:
T1 = 1.69200
T1 = 1.67288
NOTE – We are trading GBPCAD via the preferred trading setups
ELITEFXACADEMY
Disclaimer2: Martin's views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don't publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course.
Trend: Buy/ Neutral
Support/Resistance:
R2: 1.73254
R1: 1.70913
S1: 1.69200
S2: 1.67288
Price action:
Buyers are headed to break R1 level, but suspitious to me is buyer's laziness. In next days we still has to be carefull on candle charatheristics. If Sellers might face off buyers first, then next target for them will be at S1 level. If they break S1 level, then they could go deeper to our last buyers failing move.
Potencial trade idea:
Bulls targets:
T1 = 1.73254
Bears targets:
T1 = 1.69200
T1 = 1.67288
NOTE – We are trading GBPCAD via the preferred trading setups
ELITEFXACADEMY
Disclaimer2: Martin's views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don't publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.