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Gbp-cad

Bearish Continuation PossibleI'll be honest here. I got excited GBPs became bearish. The target goal if it continues down is around the 1.67490 if it can keep the swing going. Otherwise, It can break this trendline and continue to keep going bullish once it breaks through the daily SR zone. Target for the bull this week. Is 1.71800 BEAR TPS: From the trendline… • 1.70611 • 1.70068 • 1.69680 • 1.68939 • 1.68150 New TPs will be posted once it breaks the last bearish TP. BULL TPS: • 1.70611 • 1.71066 • 1.71349 • 1.71800 New TPs will be posted once price breaks the last bullish TP.
Short
by NikaJourney
GBPCAD SS Short + 75 PIp PotentialPrice is below the Daily, 60 and 15 KS as well as the cloud, Our Four Horseman. This is a Type 1 trade with a High probability and good RRR. BO Entry = 1.7021 Stop = 1.7046 Risk = 25 pips Profit target = 1.6946 Reward = 75 Pips RRR = 3 - 1 I would appreciate if you leave a comment or like as a thank you Allen Since I have had several more traders inquire about the book and I hate to turn people away, if you are interested in the book, please send me an email at Fxgold54@gmail.com
Short
by AGold54
GBPCAD - FOREX - 01. JAN. 2020Welcome to our weekly trade setup ( GBPCAD )! - 1 HOUR Bullish reaction to previous support zone. 4 HOUR Price action too slow to break back to the upside. DAILY We need a pullback to the downside first, good short entries! - FOREX SETUP SELL GBPCAD 1ST ENTRY @ 1.72030 2ND ENTRY @ 1.72620 (wait for trigger) SL @ 1.73660 TP @ 1.70240 RR: 1.1 / 2.35 Use 0.5% risk per Entry! (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
Short
by DACapitalTrading
10
GBP/CAD ANALYSIS (long term)Hi traders :) I'm Guario and this is a forecast about GBP/CAD possible future price action. As we can see from the chart the pair has jus reached a very strong resistance down trendline and a bounce off it has just occurred. Stochastic oscillator is in the overbought area ( red rectangle) giving us an other bearish signal. I suggest to wait the price break the volumetric level of 1.7021 before opening any short position. Look at the chart for possible stop and target levels. Write me in the comments for any question, thought or critic. Good luck :)
Short
by Guario
GBP/CAD Market Situation And Future Swing ProbabilitiesPositive expectations for the upcoming U.K. general elections could keep sterling supported throughout the session, especially if polls continue to confirm the Tories’ lead. A couple of medium-tier reports from the U.K weren't actually impressive. Monthly GDP was above the previous but QoQ and YoY were lower than previous no good changes. The construction site wasn't doing good. Industrial Production and manufacturing were only better than previous but trade balance ended up the deficit for the Oct. Economic release were mix but the prospect of more opinion polls confirming a lead by the Tories may have some weight reason to push the pound higher on this cross pair.
by Anatta0