Gbp-cad
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.
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