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Gbp-cad

GBPCAD - INTRADAY - 06. APR. 2020Welcome to our daily trade setup ( GBPCAD )! - 1 HOUR Strong bullish price action after taking out 1.72600 Psychological area. 4 HOUR Very bullish market in small pullback before heading back up. OVERALL We might see a push back to previous highs or even higher, great long entries! - FOREX INTRADAY BUY GBPCAD ENTRY LEVEL @ 1.73760 SL @ 1.72810 TP @ 1.75210 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
Long
by DACapitalTrading
3
Overview of GBPCAD for the week. On a Weekly level, you'll notice that it has reached a level of support and has touched 100% of the retracement. We have about 3 wicks indicating the power of the sellers pushing that price on the Weekly Time frame, so as long as it doesn't break that level it is safe to say that it will continue to drop. On the Daily, there is an obvious BOS(Break of Structure) to the downside, this when I start looking at positions to enter so I take my Fibs and draw from top to bottom and see that it consolidating on the 61% when I see this is I hop on the 4hr time frame and see a better picture of the daily tf. 1hr, I see a trend to the upside and at this point I'm just waiting for another BOS to the downside, seeing how the weekly and daily have impacted the 2Hr and below time frames. Almost done with my analyst so I hop on the 15m time frame and notice that since the BOS it's starting to retrace to the 61% and at this point, you'll say" Ivan get on the trade already" or " Hop on that F%^^*( Trade already but something that people down realize is that even the 5min tf and the 3min tf have a structure of their own. so once it has broken on the 5m to the downside I hop in.. Sorry, It took so many steps but that's how I have been trading for the last 5yrs and I enjoy it.
Short
by ApxnLiving
1
Don't miss the great sell opportunity in GBPCADTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.7455). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPCAD is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 31. Take Profits: TP1= @ 1.7260 TP2= @ 1.7130 TP3= @ 1.6958 SL: Break Above R2
Short
by ForecastCity
17
Don't miss the great sell opportunity in GBPCADTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.7455). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPCAD is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 31. Take Profits: TP1= @ 1.7260 TP2= @ 1.7130 TP3= @ 1.6958 SL: Break Above R2
Short
by ForecastCity
14
GBPCAD - INTRADAY - 01. APR. 2020Welcome to our weekly trade setup ( GBPCAD )! - 1 HOUR Bullish reaction to 1.74000 4 HOUR Prices broke back above mid term bullish trend area, looking for another push to the upside. OVERALL PA increasing with good entries for long positions. - FOREX INTRADAY BUY GBPCAD ENTRY LEVEL @ 1.75510 SL @ 1.74060 TP @ 1.77510 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
Long
by DACapitalTrading
12
GBPCAD Trade For Long Side For Shorter TimeGBPCAD has respected the Fibonacci retracement levels in the past very well as you can see it from the chart also from the current level it has to take the support at a 61% level. GBPCAD is also trading in rising wedge pattern. Long side trade can be initiate for a shorter time from the current price level & the target will be a meeting point of the resistance level of the rising wedge and the 72% Fibonacci retracement resistance level. Like/Comment/Follow Us For More Idea Note - Trade With Proper Risk Management System only. Thanks Vivek Samale
Long
by Fx_Trader_ViSa
2