Gbp-cad
GBP/CAD Short OpportunityAfter a long period of corrective price action in the form of an ascending channel, we can see price is approaching a high value area on the larger timeframe structure. With a little more development, we may see price momentum slow down further for a move to the downside. Personally I’ll be looking for shorting opportunities in the form of a sell stop below previous structure. Happy trading folks!
GBPCAD - FOREX - 27. NOVE. 2019Welcome to our weekly trade setup ( GBPCAD )!
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1 HOUR
Bearish drop towards our support
4 HOUR
Waving market structure at our lows and support zone.
DAILY
Overall very bullish market with pullbacks, enter long now!
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FOREX SETUP
BUY GBPCAD
1ST ENTRY @ 1.70630
2ND ENTRY @ 1.70050
SL @ 1.69090
TP @ 1.72330
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
GBPCAD SS Short + 48 Pip PotentialPrice is below the 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and decent RRR.
BO Entry = 1.7048
Stop = 1.7072
Risk = 25 pips
Profit target = 1.6999 ( The daily KS )
Reward = 48 Pips
RRR = 2 - 1
I would appreciate if you leave a comment or like as a thank you
Have a great week!!
Allen
GBPCAD Documentted MA Trade +47 Pip PotentialToday we started with a GBP bullish view but after the GBP pairs pushed down, we set-up an MA trade on this pair. Although this was not the last to reach the MA, price pulled back to the confluence of the MA and the 60 KS. Those who trade the Gold Method Ichimoku and have been in the training, know exactly what I am talking about.
Since this trade triggered later in the London session only about 75% in the trading room took advantage of either this pair or GUSD. All who got in made money :)
Just keep stacking those positive days :)
Allen
GBPCAD a la bajaEsperamos para entrar en short / ventas en GBPCAD
Tenemos dos patrones convergiendo en la misma zona de ventas
Nuestra entrada recomendada es en el OB y 0.88
Entrada en 1.31250
colocar SL en 1.3403
Take progit en 1.25805
Veremos como nos trata el mercado.
Saludos y que tengan excelentes trades!
Don't miss the great buy opportunity in GBPCADTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.7135). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. GBPCAD is in a uptrend and the continuation of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 66.
Take Profits:
TP1= @ 1.7322
TP2= @ 1.7515
TP3= @ 1.7750
SL= Break below S2
Don't miss the great buy opportunity in GBPCADTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.7135). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. GBPCAD is in a uptrend and the continuation of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 66.
Take Profits:
TP1= @ 1.7322
TP2= @ 1.7515
TP3= @ 1.7750
SL= Break below S2
GBPCAD 4HR - SHORT DONT MISS THE FALLA zigzag correction of ABC is completing for Subminuette Wave 2 and price is currently retesting the 61.8% Fibonacci Level.
There is also divergence on MACD indicating the bulls losing its buying power hinting a potential reversal.
SCENARIO
Recommendation: Sell
Wait for price to break the trendline downwards and Sell. Our first target is the channel support.
Goodluck.
GBPCAD BULLISH & BEARISH IDEASMonthly Confluence is telling me are indeed in a Bullish Market. We have a Bullish Pennant located right at the 61.8% Retracement which institutions do on purpose right at market closure so participants can pretty much gamble their money with either going long or short. For me to enter Long i'd like to price to show me an indefinite buyer market breaking above local resistance, if price comes back down hitting the red line, that means the trade is invalidated (No good). If price does continue lower and hits the green line, its a safe understanding that price did in fact reject of the 61.8 retracement and we are in a Bearish Continuation Market.