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!
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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
Gbp-cad
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.
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.
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
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
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.
GBPCAD READY FOR BULLISH BREAKOUT GBPCAD trying to break minor down trend line for correction wave
The pair found strong support @ 1.6728 could't break it supported by volume profile (accumulation area)
now price near H1 Resistance ( past resistance + GANN resistance ) , just need real breakout to buy
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
GBPCAD Bullish 1-12 Weeks 1-3.5%July 24th
GBPCAD quote 1.642 target 1.66 - 1.70; duration 1-12 weeks.
GBPCAD went up 1.1% on the current 5-day chart after +1-month near-constant decline; bullish sign.
USDCAD set to rebound while low on 90-day moving average; bullish sign.
GBPUSD low on 30/90-day moving averages, near October '16 Brexit lows; bullish sign.
Bulls lost the warReasons...
1. Rejection pinbars at monthly r1, quarterly R1 (didnt plot that but its there)
2. Stochastics overbought on 4 hrs and weekly
3. MACD histogram bearish divergence on higher timeframe (daily)
4. Volume AD and OBV hit the upside of a channel - trendline resistance on 4 hrs, daily, weekly
I went short to yearly S1, previous swing.
GBP/CAD 360 pips up-move potentialHi traders, here we have the GBP/CAD pair at an important 4-hour/daily support.
The pair reached the lower trendline support, a horizontal support zone and the 61.8% Fib level while trading in an overall uptrend, signaling a potential retest of the recent highs.
Notice the bullish divergence in the RSI indicator.
Don't miss the great buy opportunity in GBPCADTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.6591). 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 uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 78.
Take Profits:
TP1= @ 1.6817
TP2= @ 1.6970
TP3= @ 1.7312
SL= Break below S2