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Gbp-cad

GBPCAD: Long term buy opportunity on a symmetrical pattern.The pair is trading on a strong 1D Channel Up (RSI = 63.637, MACD = 0.011, Highs/Lows = 0.0038, ADX = 20.356) since the August bottom and even held last week the 1D MA200 (orange line) as a Support. If it continues on this trend then the bullish Golden Cross will be formed. Based on the 1D RSI, a similar sequence took place from September to December 2017. Then, after breaking above the 1D MA50 a Golden Cross was formed and the MA200 turned into a Support. Notably both sequences (then and today) rebounded on/ near the 1.58350 Support which makes it symmetrical. Additionally, both sequences started from a rejection on/ near the 1.78650 Symmetrical Resistance. Similarly we can claim that if the Golden Cross takes place now besides 1.78650 (symmetrical Resistance), the pair may target the 1.84200 2 year High. Trade this pattern to your advantage. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Long
by InvestingScope
GBPCAD - FOREX - 07. NOVE. 2019Welcome to our weekly trade setup ( GBPCAD )! - 1 HOUR Bearish pressure and short term price action. 4 HOUR Sideways moving market structure with several pullbacks. DAILY Overall bullish market conditions, filling long positions with good risk reward! - FOREX SETUP BUY GBPCAD 1ST ENTRY @ 1.68600 2ND ENTRY @ 1.68010 (wait for trigger) SL @ 1.66960 TP @ 1.70390 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
Long
by DACapitalTrading
2
GBPCAD: Bearish Outlook answering questions about GBPCAD I currently don't have any active positions on this pair, however, I am very bearish on GBPCAD at the moment. first of all, the pair has recently formed a beautiful double top with rsi divergence. In addition to that, the pair is trading on a strong level of horizontal resistance in conjunction with a resistance line of the expanding wedge . So I believe that the price still has the potential to drop at least to 1.67 level.
Short
by VasilyTrader
1
GBPCAD: Bearish Outlook answering questions about GBPCAD I currently don't have any active positions on this pair, however, I am very bearish on GBPCAD at the moment. first of all, the pair has recently formed a beautiful double top with rsi divergence. In addition to that, the pair is trading on a strong level of horizontal resistance in conjunction with a resistance line of the expanding wedge. So I believe that the price still has the potential to drop at least to 1.67 level.
Short
by VasilyTrader
2
GBPCAD SS Short + 101 PIpsPrice is below the 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and good RRR. 2 Potential entries. If the PB is triggered first, then the BO entry is cancelled. It is not an add on position. PB Entry = 1.6957 Stop =1.6977 Risk = 20 pips Profit target = 1.6856 ( the projected daily low ) Reward = 101 Pips RRR = 5-1 BO Entry = 1.6926 Stop = 1.6951 Risk = 25 pips Profit target = 1.6851 Reward = 75 Pips RRR = 3 - 1 I would appreciate if you leave a comment or like as a thank you Have a great week!! Allen ** I apologize if I am a little slow responding to comments as I am conducting a training room for the next several weeks
Short
by AGold54
14
GBPCAD SS Long + 75 Pip PotentialPrice is above the Daily, 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and good RRR. BO Entry = 1.7022 Stop = 1.6997 Risk = 25 pips Profit target = 1.7097 ( The projected daily high ) Reward = 75 Pips RRR = 3 - 1 I would appreciate if you leave a comment or like as a thank you Have a great weekend ! Allen As some of you know, I combine Strength and weakness, correlation and multiple tine frame analysis with Ichimoku concepts. Applying my methodology, you will know the best pair to trade, direction as well as specific entries and exits. I am holding an introductory webinar on Tuesday November 5 at 5:30 am GMT (30 minutes before the European open) I will explain the components of my methodology and the logic behind it Refreshments will be served....Lol If you are interested, shoot me a message with your email or respond below and I will send you an invite
Long
by AGold54
4
GBPCAD SS Long + 81 Pip PotentialPrice is above the Daily, 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and good RRR. BO Entry = 1.6859 Stop = 1.6834 Risk = 25 pips Profit target = 1.6940 ( The projected daily high ) Reward = 81 Pips RRR = 3.24 - 1 I would appreciate if you leave a comment or like as a thank you Allen This trade was analyzed and discussed in my training room. I am holding a free special session on Tuesday November 5 for traders interested in my methodology.
Long
by AGold54
15
GBPCAD - FOREX - 29. OCTO. 2019Welcome to our weekly trade setup ( GBPCAD)! - 1 HOUR Bearish market open this week. 4 HOUR Great long entries at our support zone and price action turnover. DAILY Bullish waving market with several pullbacks, looks like we need a turn now! - FOREX SETUP BUY GBPCAD 1ST ENTRY @ 1.68060 (wait for trigger) 2ND ENTRY @ 1.67350 SL @ 1.66090 TP @ 1.70190 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
Long
by DACapitalTrading