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Gbp-cad

Don't miss the great sell opportunity in GBPCADTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.7125). 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 below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 42. Take Profits: TP1= @ 1.6958 TP2= @ 1.6635 TP3= @ 1.5874 SL: Break Above R2
Short
by ForecastCity
21
Don't miss the great sell opportunity in GBPCADTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.7125). 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 below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 42. Take Profits: TP1= @ 1.6958 TP2= @ 1.6635 TP3= @ 1.5874 SL: Break Above R2
Short
by ForecastCity
22
Bullish Flag Almost Complete This is a flag formation that's not complete yet. I decided to check the lower timeframes to see how price may respond to the daily level below. So far, I like the chances of it continuing to be bullish. Of course, I have TPs in place just in case it won't pop off like I'm looking for. Whatever man. As long as I can trade from a good setup, I have no issues where the market wants to move. Here ya go: BULL TPS: (from the SR level 1.71066) • 1.71800 • 1.72316 • 1.72902 Even though I have a bigger aim, let's look at these TPs for now. BEAR TPS: • 1.71066 • 1.70611 • 1.70068 • 1.69680
Long
by NikaJourney
2
GBP/CAD - SHORT TECHNICAL ANALYSISGBPCAD to me still looks bearish. Sticking with the GBP bearish bias this week. Things to look for: Strong support (black horizontal line) Where the market opens - If the market opens above the trend line then we could have a bias change but as is on the frozen chart - bearish Please leave a like and a follow so you never miss any of my ideas in the future I'm becoming extremely active on tradingview so feel free to comment or leave me a message
Short
by BenCheungFx
GBP/CAD should start the 4th wave to the upsidePrice of GBP/CAD approaching bottom of upside channel. We should soon see an impulse to the upside back to the 200 MA, 1.7205. Non Commercials are sill positioned long on GBP. As for CAD, situation is slightly neutral. Price correction to the upside of USD/CAD pair has already started, which means further confluence for the analysis. Short term we want to see GBP/CAD rise to the upside, first price target is 1.72. Overall, the potential of the bullish momentum is the middle band of the uptrend channel, price 1.74. If you find this analysis on point, please like and subscribe for more free market review's.
Long
by TradingExpertGroup
5
Buy GBPCAD after the recent correctionWe have seen a decent correction in GBPCAD over the last few weeks. However, price action indicates that things might turn around very soon. I believe a reversal is on the way for GBPCAD. Technically, a) Price is finding support at the 100D EMA. b) A descending wedge formation is taking place. So, I will be looking to go long in the 1.6850-1.6950 zone with SL below 1.6780. If the trade goes into profit, we can Take Profit(TP) at 1.7080, 1.7200 and 1.7500.
Long
by YourLazyTrader
2