GBPCAD further movementHi
Last four days GC have been moving upside. It may continue in the same way, but i think the pair take time out, i dont know when. You see that the pair make very aggressive upside movement.
It can't last very long
I watch what price do 1.7477 are or I will wait till price come 1.7304
Im not taking blind entry trade, I need confirmation like PinBar or some price action witch gives me confidence.
I think that price can go up 1.7777
Gbp-cad
GBPCAD - FOREX - 05. MAR. 2020Welcome to our weekly trade setup ( GBPCAD )!
-
1 HOUR
Very bullish pressure needs to slow down.
4 HOUR
At previous highs and resistance area.
DAILY
Sideways moving market structure, great short entries!
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FOREX SETUP
SELL GBPCAD
ENTRY LEVEL @ 1.73120
SL @ 1.74040
TP @ 1.71260
RR: 2.0
Use 0.5% risk!
(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 - FOREX - 25. FEB. 2020Welcome to our weekly trade setup ( GBPCAD )!
-
1 HOUR
Very bullish price action right now
4 HOUR
Might be the last sellers takeout before dropping back to 1.70500!
DAILY
Bearish waving market at structure top, great short entries!
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FOREX SETUP
SELL GBPCAD
ENTRY LEVEL @ 1.72420
SL @ 1.73350
TP @ 1.70540
RR: 2.0
Use 0.5% risk!
(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
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
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
GBPCAD LONG TRADEGBPCAD retested uptrendline on H1 frame
False breakout occurred at support level 1.7199 then price rejected with strong bullish movement
Pair is above HVN at level 1.7212 which indicates power of bulls
Above Moving Average 100
MACD shows bullish momentum
RSI is in uptrend
It's expected to target first key level at 1.7350 then going up towards supply zone at level 1.7480
GBP/CAD - Price Analysis: Weekly Signal ON Gartley PatternThe bloc could reportedly try to move the clearing of euro contracts from London to within the EU and may also move to withdraw concessions it made to Britain in the MiFID 2 financial regulations.
Official negotiations will kick off on March 3, but press briefings and leaks suggest talks will be tough.
GBPCAD SS Long + 78 Pip PotentialPrice is above the Daily, 60 and 15 KS as well as the cloud. All of our 4 Horseman are aligned. This is a Type 1 trade with a High probability and good RRR.
BO Entry = 1.7313
Stop = 1.7293
Risk = 25 pips
Profit target = 1.7391 (Daily Senkou A)
Reward = 78 Pips
RRR = 3 - 1
I would appreciate if you leave a comment or like as a thank you.
Have a Great Weekend!!!
Allen
Nube#29GBPCAD sell@1.71035
SL@1.70379
TP@1.73033
Being bullish on the pound has been a good choice almost at all times for the last months.
Last weeks it retraced a bit, then some range, and now a little impulse (green).
The 50%-60% zone + 200EMA gives a good entry point, with extremely good Risk/Reward ratio. Since it is currently going down with force, it could very well go down to 78%, and a reentry might be reasonable.
GBP CAD wait for BIG move (long term)Hi fellow traders,
GBP CAD is in deeper correction right now and forming wave B. It will keep going down till at least the 31st of January. After that we are getting a big reversal to the UPSIDE! We could see this big wave on the weekly on all GBP pairs.
Please like if you thought this chart was helpful in any way,
Thanks! :)
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