GBPCAD short has just alerted 🔔We have another GBPCAD trade on our POW reversal strategy.
Trade details for current trade are shown on the chart.
We are working the 20M time frame on this strategy.
We're looking for the green line which is take profit target.
Little red arrow is entry point and purple line is stop loss.
Previous trades can be seen on chart.
The short trade was covered in an idea yesterday which hit TP.
This was then followed by a long which also found TP.
Lets see how the new short trade fairs.
Trade history can be seen at the foot of this trade idea too for full transparency.
In that box every trade is logged and can be viewed by clicking the tabs in the report box.
You as the viewer of this idea can also do that so go ahead and have a play.
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I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
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The stats for this pair are shown below too.
Thank you.
Darren
Gbp-cad
GBPCAD buy is a go 📈✅First POW reversal strategy trade of the week a GBPCAD long.
Trade details for current trade are shown on the chart.
We are working the 20M time frame on this strategy.
We're looking for the green line which is take profit target.
Little blue arrow is entry point and purple line is stop loss.
Previous trades can be seen on chart.
Trade history can be seen at the foot of this trade idea too for full transparency.
In that box every trade is logged and can be viewed by clicking the tabs in the report box.
You as the viewer of this idea can also do that so go ahead and have a play.
------------------------------------------
I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
------------------------------------------
Please hit the 👍 LIKE button if you like my ideas🙏
Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
No one likes missing out, do they?
Also, see my 'related ideas' below to see more just like this.
The stats for this pair are shown below too.
Thank you.
Darren
GBPCAD short progressing ⬇️Using POW reversal strategy for this trade an GBPCAD short.
Trade details for current trade are shown on the chart.
We are working the 20M time frame on this strategy.
We're looking for the green line which is take profit target.
Little red arrow is entry point and purple line is stop loss.
Previous trades can be seen on chart.
Trade history can be seen at the foot of this trade idea too for full transparency.
In that box every trade is logged and can be viewed by clicking the tabs in the report box.
You as the viewer of this idea can also do that so go ahead and have a play.
------------------------------------------
I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
------------------------------------------
Please hit the 👍 LIKE button if you like my ideas🙏
Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
No one likes missing out, do they?
Also, see my 'related ideas' below to see more just like this.
The stats for this pair are shown below too.
Thank you.
Darren
GBPCAD - Bullish Engulfing Setup (Daily)GBPCAD has formed a significant bullish engulfing on the daily time frame near a previous support level.
The engulfing candle engulfed 4 previous candles and closed Friday.
Clear accumulation reversal visible on the 1 hour time frame.
Expecting price to bounce off of the 50% retracement level.
SL set at engulfing candle body low.
TP set at 3X risk.
GBPCAD potential for dip | 9th Nov Price is near sell entry price of 1.67423 which is also 38.2% Fibonacci retracement and 100% Fibonacci projection. Price can potentially dip to the take profit level of 1.67423 which is the graphical swing low level. Our bearish bias is supported by the respective technical indicators.
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GBPCAD LONGHey Traders, in the coming week we are monitoring GBPCAD for a buying opportunity around 1,675 Respecting the ascending Monthly Trend in combination with the Monthly Demand Zone. Once we will receive any Bullish confirmation the trade will be executed.
Trade Safe and use proper risk management on swing trades. because on the long term the movements are more large comparing to intraday trading. so you must use a larger SL with a lot size more smaller than the one you use for scalping.
Trade Safe, Joe.
GBP/CAD | PRICE ACTION | MAY WILL SEE A RAISE OF PRICE | LONG The Bank of England to raise rates by 15bp today. - Bank of America.
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GBP/CAD:DOWNTREND|PRICE ACTION| SHORT SETUP...Bank of Canada, Macklem: We may raise the rate sooner than previously thought.
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GBP/CAD: DETAILED PRICE ACTION|DOWNTREND|SHORT SETUP🔔According to the latest Reuters poll from October 13-20, market analysts expect the Bank of England to be the first of the world's leading central banks to raise rates in the new post-pandemic cycle.
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GBP/CAD:DOWNTREND| PRICE ACTION | SHORT SETUP 🔔Welcome back Traders, Investors, and Community!
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GBPCAD Breaks And Holds Above 1.6988Since this breakout occurred just before last week's close, I am going to keep an eye on it a bit longer since the open tends to be a bit unpredictable.
1. This is a great fakeout signal. Price attempted to trade lower and then sharply reversed. Not only that, it took out the 1.6988 upper boundary that I had plotted.
2. Price traded back to the breakout level. I'm surprised to see such a clean hold. However, I do have a concern that price may drift back below this level during this week's open.
GBPCAD is gonna have a bullish move OANDA:GBPCAD
Hi guys , how are you ? I hope you're all fine and having a nice time .
GBPCAD is in a great zone for starting a bullish move
as we can see in the chart , the price is in an uptrend
Also there is great support level with 5 touches !
there is also a Pin bar candle which touches the support level
and also before the pin bar we saw that the momentum is changing and decreasing (becoming bullish)
what's your idea guys ???
Please write your opinion in comments for us !
GBPCAD Strong Rebound From Support !?GBPCAD currently in a ranging pattern, which is now trading at 1.69692 (market closed price)
We foresee GBPCAD will rebound at around the price from 1.69690 - 1.68700 may slightly different from our prediction.
a stop loss set at 1.68000 if price continue to go deep and deeper.
GBPCAD
BUY @ 1.69690 & 1.68700
TP 1 : 1.70376 (short term)
TP 2 : 1.72000 (mid term)
TP 3 : 1.74000 (long term)
SL : 1.68000
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
GBPCAD: Pullback From Key Level 🇬🇧🇨🇦
Hey traders,
GBPCAD dropped to a key daily demand area.
On that the price formed a double bottom formation on hourly time frame.
With its neckline confirmed bullish breakout I expect a pullback.
Intraday supports:
1.735
1.74
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GBP/CAD:RANGE AREA / SUPPLY AND DEMAND ANALYSIS / NEXT TARGET🔔 Welcome back Traders, Investors, and Community!
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GBPCAD Technical Analysis
⏳ Forex
💎 GBPCAD has got rejected several times from a significant resistance. It has also formed an Ascending Triangle which is expected to break below the Support and goes lower.
🏁 Short & Medium Term
💵 Invest Only 2% of your Portfolio
🎳 Entry at market or 1.75400
☕️ TP1 1.74620
🍺 TP2 1.73900
🍻 TP3 1.73000
🍾 TP4 _______
🍷 TP5 _______
🍸 TP6 _______
🍹 TP7 _______
🎁 TP8 _______
🚫 SL 1.76250
Good Luck 🎲
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Don't miss the strong SELL opportunity for GBPCADHello traders,
GBPCAD pair is gonna test a STRONG Trendline & a Strong resistance zone ( of rectangle ) which will make the pair move DOWN STRONGLY .
It's not a Financial Advice.
EURUSD double bottom formation (low risk high reward setup)EURUSD had a support around 1.1704, if you look at the daily time frame which it broke this week and almost tested 1.1660 mark.
On the hourly chart there is a double bottom chart formation and a multi days trend breakout confirmation as well. So I am expecting a bullish run following week on this market to 1.18 level.
Trade Safe!