GBPCAD
Breakout from trend.
Large engulfing bull candle.
We'll check for a entry point before market opens.
Gbp-cad
All Coast Is Cleared for GBPCAD to touch the weekly TrendlineWith the breakout of GBPCAD last Friday, the way is now smooth for the pair to attempt touching the long-term trendline which is likely to come around 1.74
"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
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
GBP CAD BUYWe look at the indicators EMA and MACD to determine a quick 15min chart buy up to the next level of resistance
SS GBPCAD Long + 128 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.
2 Potential entries (it is one or the other, not both)
Entry = 1.6278
Stop = 1.6258
Risk = 20 pips
Profit target = 1.6406 ( The projected daily High )
Reward = + 128 Pips
RRR = 6.4 - 1
2nd Entry = 1.6339
Stop = 1.6315
Risk = 25 pips
Profit target = 1.6415
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
GBP CAD ShortPotential set up for GBP CAD.
This trade has been on my watch list and we are now approaching entry zone. Will be awaiting for retest confirmation before entering.
This trade does have high potential to pivot back to the downside as 1.61950 is a key psych level and pivot zone.
If the rejection and retest occurs there potential of hitting the 27% fib is very likely. Will be monitoring and updating privately
GBPCAD Buy Signal (Long term)Pattern: Channel Down on 1W.
Signal: Bullish as the price rebounded on the 1M Support Zone.
Target: 1.72000 (projected contact with the 1W MA200) and 1.78000 in extension (1W Resistance).
GBPCAD ShortCAD has been showing signs of being a bear currency in other pairs and here we see a clear double top. I'm waiting for a clearer break of trend and also a clear retest.
"GBPCAD: up move coming" by ThinkingAntsOk4 Hour Chart Explanation:
- Price was on a Descending Channel.
- It bounced on the Weekly Support Zone and broke it.
- Now, it has potential to move up towards the Resistance Zone at 1.66 and, then, if the up move continues, towards the Daily Descending Trendline at 1.738.
- We are looking for Buy Setups on lower timeframes to trade this instrument.
Check out our Weekly and Daily Vision, but also our last prediction on this instrument on the Related Ideas.
Weekly Vision:
Daily Vision:
Updates coming soon!
GBPCAD: Outlook for next week
on GBPCAD next week I will expect bullish continuation within a rising parallel channel.
On my focus will be a supply zone around 1.64 level,
I will be looking for a short trade in this area.
Bearish breakout of a channel will be a perfect signal for us to open sell.
Target levels: 1.62 1.60
GBPCAD: Trading Plan For Next Week
on GBPCAD next week I will expect bullish continuation in a rising parallel channel.
On my focus will be a supply zone around 1.64 level,
I will be looking for a short trade in this area.
Bearish breakout of a channel will be a perfect signal for us to open sell.
Target levels: 1.62 1.60
GBPCAD: Interesting Buy OpportunityThis is a very interesting market for watching - the price bounces from the support zone, which was confirmed in 2016 and 2017 years. RSI tells us about the oversold market conditions. MACD histogram is going to confirm the upward movement.
In spite of strong downtrend, the market has opportunities to move upward. The price has been falling for about four months, and a correction movement from the strong support zone looks logical.
Buy signals can be used from the weekly and lower timeframes. The stop orders must be placed below the support zone. Profit targets should be placed at the resistance levels. Don't forget about proper money management.
GBPCAD: Potential Bearish Bat Pattern
Potential harmonic bearish bat pattern.
Entry - 1.6185
T1 - 1.6075
T2 - 1.60
Stop - 1.6272
GBPCAD: For those who missed short
though I have already shorted GBPCAD,
those who missed the entry can now trade the pair with a confirmation.
the confirmation will be bearish close below the rising wedge.
Stop will be above the highest point of the wedge.
T1 - 1.6075
T2 - 1.60
GBPCAD - Intraday Setup August 16th!It's friday! Trade on your own risk with small volume!
Goodluck!
#GBPCADTime span specified
The orange areas are important , and if successful, it can go to the green areas .
Price in the pattern
