GBPCADAll content have only educational and informational purposes, and never should use it as financial advice
Gbp-cad
GBPCAD Buy SignalPattern: Triangle on 1D.
Signal: Bullish as: a) the MACD made a Bullish Cross, b) the price broke above both the 1D MA20 and 200.
Target: 1.7600 (below the Symmetrical Resistance). Make sure to book profits if you see the price struggling on any of the two Lower Highs trend-lines.
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GBPCAD - SWING - 08. JUNE. 2020Welcome to our weekly trade setup ( GBPCAD )!
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1 HOUR
Strong waving market back at range mid.
4 HOUR
Overall good price action and break below main sr level.
DAILY
Expecting another push to the downside towards previous lows!
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FOREX SWING
SELL GBPCAD
ENTRY LEVEL @ 1.70040
SL @ 1.70750
TP @ 1.69030
Max Risk. 0.5% - 1%!
(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
Strong opportunity to buy GBPCADBuying opportunity after breaching the upper side of the triangle at 1.7109
Buy targets 1.7380 and 1.7658
It is possible to sell if the buying pattern fails after breaking the uptrend and the triangle at 1.6882
Does OPEC meeting results support the Canadian Dollar ? Everyone is waiting for what the OPEC and non-OPEC allies meeting will come out today 6/06/2020.
So then they agree to reduce production or increase the rate of production reduction, it will be a strong support for oil prices and thus will support the rise of the Canadian dollar.
And If there is no agreement ,the petroleum price will descend, and therefore it is possible to push the Canadian Dollar down.
Technically, the pair is moving inside a right triangle. Any breakout of the upper side of the triangle at 1.7120 represents an opportunity to buy. Any break of the lower side of the triangle and the uptrend represents an opportunity to sell.
Buying Targets: the first target is 1.7346, and the second target is 1.7625
Selling targets: the first target is 1.6640, the second target is 1.6503, and the third target is 1.6176.
GBPCAD TO BUY (Unemployed/Employed News)Based on the four hour and daily chart, we see an uptrend setting for GBPCAD to buy. After CAD unemployment/employment news came out, it was volatile that is setting up for an uptrend buy.
TP: 1.71+
GBPCAD - SWING - 01. JUNE. 2020Welcome to our weekly trade setup ( GBPCAD )!
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1 HOUR
Turning bullish again, good long entries!
4 HOUR
Price takeout of range lows, looking for upside movement shortly.
DAILY
Takeout of previous lows with instant reaction!
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FOREX SWING
BUY GBPCAD
ENTRY LEVEL @ 1.69530
SL @ 1.68590
TP @ 1.70870
Max Risk. 0.5% - 1%!
(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 sell signals?🦐The market on the 4h time frame just broke the resistance structure.
After a double top on the retracement the price is heading to the recent lows as 1st target.
We can look for a short order according to our strategy.
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Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
GBPCAD TO SELL (BOC Statement After Affects)New came out this morning for CAD on BOC statement, which we are looking to sell on the downside of the market.
Look to scalp TP: 1.693-1.69
GBP/CAD Bullish View by ThinkingAntsOk🔸 4H CHART EXPLANATION:
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🔸 Price bounced at the Weekly Ascending Trendline.
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🔸 At this moment, it is facing the Descending Trendline.
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🔸 If price breaks to the upside, it has potential to reach the Resistance Zone.
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🔸 Will look for a lower timeframe Bullish Setup.
🔸 DAILY CHART ANALYSIS:
GBPCADWhere would you enter your position?
This is my technical analysis on this pair – applying a breakout strategy on the 4H timeframe.
Only if all the rules of the strategy are met, will I enter a trade on this pair.
Updates will be posted.
#breakout #swing trading #forex
Pullback with retestPrice is in downtrend and should make new lower low.
First target previous swing low.
USDCHF Will Break Soon!!! Scenarios & Key Levels:
USDCHF keeps contracting within a classic symmetrical triangle formation.
with a sequence of lower highs and higher lows the market is clearly trading in sideways.
quite soon its gonna break and the side of the breakout with high accuracy will show as the future direction of the price.
in case of a bearish breakout, the next goals for sellers will be 0.96 / 0.951 levels based on a daily structure.
in case of a bullish breakout, the next goals for buyers will be 0.979 / 0.984 levels based on a daily structure.
good luck!
GBPCAD - SWING - 25. MAY. 2020Welcome to our weekly trade setup ( GBPCAD )!
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1 HOUR
Bearish market turned bullish again..
4 HOUR
Expecting another push to the upside towards 1.71050!
DAILY
Overall strong waving market structure, great long entries!
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FOREX SWING
BUY GBPCAD
ENTRY LEVEL @ 1.70320
SL @ 1.69790
TP @ 1.71040
Max Risk. 0.5% - 1%!
(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
EURUSD Afternoon,
So EURUSD Downtrend with a intrend divergence! You can take it 2 ways wait for the TDI cross!! or enter when you see it!
Me I will wait for it to cross and see if the RR is good enough to take the entry!!
I personally do like to wait for confirmation before heading into a trade.
GBP CAD BUY (POUND STERLING - CANADIAN DOLLAR)Hi there. Price is forming a continuation pattern to the upside. Watch strong price action at the current price for buy.
GBPCAD LONG TRADEGBPCAD broke major downtrendline
Price rebounded from demand zone at level 1.69990 which corresponds to 161.8% Fibonacci extension
Price is supported above HVN at level 1.7050 which indicates that pair is in accumulation phase
Above SMA 100 on H1 frame
MACD shows weakness in bearish momentum
RSI is above level 50
We r waiting price to exceed resistance level at 1.7110 to open long trade
It's expected for coming bullish wave to target key level at 1.7355
break of the falling wedge patternBias of being bullish, strong bullish area. Overall trend still bullish. Looking for a bullish rejection to the target area,
GBP/CAD Last Bearish Impulse🔸 4H CHART EXPLANATION:
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🔸 Price is on a downtrend.
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🔸 The Support Zone has been broken and the potential target area of the downside move is the Ascending Trendline.
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🔸 We observe that price has been consolidating on a little range for the last hours.
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🔸 We consider that, if the range is broken to the downside, then the Ascending Trendline could be achieved.
🔸DAILY CHART ANALYSIS:
