Gbp-cad
AGE OF CURRENCY WAR
The entire industrialized world is engaged in a form of economic warfare known as inflation.
The idea being that if you can make your currency less valuable it makes your export more attractive for the foreign nations than if your currency was more expensive. So this has to do with fluctuations in currency prices. What you can buy stuff for in your country versus what you can buy stuff for in my country.
The more inflation we cause, the more attractive our exports become to other countries.
If you managed to destroy your economy through regulations, through taxation, through bad management and bad government and you don't really know how to create economic growth to pay for all the special welfare programs like UBI. If you don't have a way to do that through an actual growth, because you hamstrung your economy, how can you get more growth???
The way they do it is through currency inflation. So every industrialized nation in the world has figured this out. Now they all fighting a battle to make their currency as cheap as possible so their exports could be more attractive.
How to create inflation?
Well they reduce interest rates, making bonds less expensive, and then they end up issuing a lot of debt and printing a lot of money. They put money into circulation and they incentivize consumption.
They put extra trillions of dollars into circulation because they know people will spend each penny every single year. It is gonna create a lot of inflation.
They go further. What we see now is governments reducing its interest rates to negative.So if interest rates are negative it is no more reasonable to save money because it is costing you money to just put them in the bank.
If saving money costs you, so you should spend your money as fast as you can and that is what these countries are doing. They are offering things like: negative interest rates on the mortgage to buy a house in Scandic nations. They are trying to stimulate a massive amount of consumption to pay you so you consume.
In the beginning, it sounds like a great idea to you because you can purchase a 100000 home for 95000 by the time you done paying it because you have a negative interest rate.
Over the long term though this is going to destroy an economy because it denies a very simple truth about the time value of money, about the way economics works. If they are manipulating the system for short term benefits it will end up crashing us.
If interest rate is a price of money just think about it: if someone is paying you to take money from them, what does it tell you about future value of this money???
I will stop here.
I will be happy to know your thoughts on a current situation. Feel free to share in a comment section.
GBPCAS SS Short + 152 Pip PotentialPrice is below the Daily, 60 as well as the cloud. This is a Type 1 trade with a High probability and good RRR.
2 Potential entries (it is one or the other, not both)
PB Entry = 1.6315
Stop = 1.6335
Risk = 20 pips
Profit target = 1.6163 ( The projected daily low)
Reward = +152 Pips
RRR = 7.6 - 1
BO Entry = 1.6254
Stop = 1.6279
Risk = 25 pips
Profit target = 91 Pips ( The projected daily low )
Reward = +91 Pips
RRR = 3.64 - 1
I would appreciate if you leave a comment or like as a thank you
Have a great week !
Allen
My new book, The Gold Method Ichimoku is now available.
it is a step by step detailed explanation of my methodology
followed by a day by day application of the methodology
through the month of September.
please contact me for more information at FXGold54@gmail.com
Long potential setup GBPCADOn the 4hr chart the GBPCAD established a low in the 1.59600 zone.
Price moved from this area to make a high in the 1.66800 zone.
Since 20 September 2019 price dropped over 360pips from the 1.66800 zone,
just to meet support in a zone which was formed on 23 August 2019.
All of the above now provides a good landscape to consider long entries on the #GBPCAD.
OUTLOOK AS FOLLOWS:
FUNDAMENTAL: #Brexit seems to be in the process of feeding through potential positive news after the PM suffered yet another legislative defeat.
PRICE: #GBPCAD price is now poised to move from the 1.63900 zone to the 1.67000 zone, that is over 310 potential pips! as a minimum....
TECHNICAL: #Ichimoku Tenkan and Kijun - sen crossed to the north on the 15 minute time frame.
ENTRY: In the 1.63600 – 1.63300 area
STOP LOSS: 30-50 pips
RISK: 1-1.5% of equity
EXIT: 1.6680 or apply trailing stop of 50 pips
Remember, anything can happen, and it usually does.
GBPCAD SS Short + 106 pip PotentialPrice is above the 60 minute and 15 minute KS but in the 15 minute cloud from below. This is a Type 2 trade with a High probability and good RRR.
Trade Parameters:
Entry = Sell a close below the 60 and 15 KS (do not sell now!!!)
Stop = ???
Risk = 25 pips
Profit target = 1.6248 ( The projected daily low )
Reward = + 106 Pips (approximately)
RRR = 4.24 - 1
I would appreciate if you leave a comment or like as a thank you
Have a great weekend!
Allen
To all of those traders who have pre-ordered my new Book, you will receiving it this afternoon :)
Thank you for your support.
Easy 300+ pips, dont miss! - GBPCAD - SELLAfter analysis i can say we will see much more bigger down trend. CAD is one of the strongest currencys. GBP is dominate in last 2 weeks, today is start losing power, and is the weakest currency.
ENTRY: 1.64800+-
TP1: 1.64500
SL: 1.65200
Chart time frame - 1D
Time for reaching TP - 8 - 72 hours
More information soon!
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All best!
GBPCAD - EDUCATION - 23. SEPT. 2019Welcome to our weekly market Breakdown ( GBPCAD )!
-
1 HOUR
Small bearish move and price action.
4 HOUR
Overall very bullish market slowing down.
DAILY
Bearish daily candle and price action, we might drop here.
OVERALL
Expecting prices to drop monday-wednesday and take out last week lows and long holders.
Last two weeks been very bullish with strong moves, we need a pullback shortly and a
fake out for dumb money.
Good luck
-
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
Pullback Trading Before Continuing Bull Run Next MonthThe GBP is nowhere near done with its bull rally.
I hope all of you were trading in favor of the GBP all this month.
I gave a heads up to some family before September 1st and I hope they enjoyed the month-long ride.
We have a morning star formation almost completely formed on the monthly.
Looking for it to finish the bull candle before October starts. Then onward and upward.
For now, let's see where this trade is going for the week.
It may run bearish briefly as a giant pullback before continuing its upward climb.
We'll find out soon enough:
BEAR TPS: after a pullback to weekly SR level:
1.65516
1.64995
1.64280
BULL TPS:
1.66012
1.66331
1.66874
1.67666
1.68932
GBPCAD: Two Scenarios
two potential scenarios on GBPCAD.
it all depends on the breakout.
if the market breaks above the triangle,
the market will most likely will go higher.
if bears will break below the triangle, it is a perfect signal to short the market.
*This idea is labeled as short because I will trade the pair only in case of bearish breakout
"GBPCAD: Top and Bottom Analysis" by ThinkingAntsOk4H Chart Explanation:
- Price bounced on the Weekly Support Zone.
- Price broke the Descending Trendline.
- Price has potential to continue the up move, towards the Resistance Zone first and, then, towards the Weekly Descending Trendline.
Check out our Daily and Weekly Analysis! Updates coming soon.
Weekly Analysis:
Daily Analysis:
Don't miss the great buy opportunity in GBPCADTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.63415). 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 76.
Take Profits:
TP1= @ 1.66000
TP2= @ 1.67700
TP3= @ 1.69700
SL= Break below S2