Gbp-cad
GBPCAD SS Short + 126 Pip PotentialPrice is below the Daily, 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and good RRR.
Only looking for a Pullback entry today
Entry = 1.6838
Stop = 1.6858
Risk = 20 pips
Profit target = 1.6746
Reward = 92 Pips
RRR = 4.5-1
GBPCAD SS Short + 132 Pip PotentialPrice is below 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 = 1.6932
Stop = 1.6952
Risk = 20 pips
Profit target = ( The projected daily low )
Reward = 132 Pips
RRR = 6.6-1
2nd Entry = 1.6852
Stop =1.6882
Risk = 30 pips
Profit target = 1.8762 (statistical target)
Reward = 90 Pips
RRR = 3-1
** Please be aware that UK GDP is scheduled for 4:30 am est. and will directly effect this trade.
#GBPCADTime limit is specified,
In the event of defeat of the support specified with the arrows, it is possible to go down to the bottom;
The price is on the downside channel
GBPCAD SS Short + 123 Pip PotentialPrice is below 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 = 1.6968
Stop =1.6988
Risk = 20 pips
Profit target = 1.6845 ( The projected daily low )
Reward = 123 Pips
RRR =6.15 - 1
2nd Entry = 1.6937
Stop = 1.6967
Risk = 30 pips
Profit target = 1.6845 ( The projected daily )
Reward = 92 Pips
RRR = 3-1
** Be Aware that Cad employment news is scheduled for 8:30 am est.,which will directly effect this trade and US Non-Farm payroll is scheduled for the same time which will indirectly effect this trade.
"Short Trade Idea" GBPCAD by ThinkingAntsOk1 Hour Chart Explanation:
- Price broke the Ascending Channel.
- It is currently on a Bearish Corrective Structure.
- If price breaks it at 1,6956, it has potential to move down towards the Fibo Levels.
Weekly Vision:
Daily Vision:
Updates coming soon!
GBPCAD BuysGBPCAD buys, crude oil down, ranging chart with GBP pairs at support, catch the momentum rather than hoping for the bounce
GBPCAD BUYGBPCAD buy set up daily TF.
Buy for support trend line up to resistance trend line. The support trend line has held up very well since September 2017 with many touches across it. As GC is volatile i would recommend having a 3TP option available.
GBPCAD - Rising WedgeWe have a bearish bias on GBPCAD and the pair is currently trading inside a rising wedge. Sellers can either sell before the break of the wedge with stop losses above 1.75 and targeting 1.695 initially, or wait for the break and retest if taking a more cautious approach.
GBP CAD LONGI see a move up to 1.73, use tight money management as the market has been in a recent downtrend.
GBPCAD next expected movement.if you wish to be a trader then learn to trade, never depend on others.
GBPCAD MA Short + 52 Pip PotentialWe have a nice down move in this pair, so we will look to get in on a pullback. This is an MA trade with a high probability and Good RRR.
Entry 1.7058
Stop = 1.7078
Risk = 20 pips
Profit target = 1.7006
Reward = +50
RRR = 2.5-1
** Once this trade is up + 25 pips, move your stop to breakeven and let it run :)
GBPCAD SS Short + 107 Pip potentialPrice is below the Daily, 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and Great RRR.
Entry = 1.7127
Stop = 1.7147
Risk = 20 pips
Profit target = 1.7020 ( The projected daily low )
Reward = + 107
RRR = 5.35 -1
GBPCAD SS Short + 103 Pip PotentialPrice is below 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 = 1.7274
Stop = 1.7294
Risk = 20 pips
Profit target = 1.7171 ( The projected daily low )
Reward = + 103
RRR = 5-1
2nd Entry = 1.7250
Stop = 1.7280
Risk = 30 pips
Profit target = 1.7171 ( The projected daily low )
Reward = + 79
RRR =2.6 - 1
GBPCAD bounced off support, potential for further bounce!Price is approaching our first support (horizontal swing low support, short term ascending support line, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong bounce to our resistance (horizontal swing high resistance, 50% Fibonacci retracement) might occur.
Stochastic is also seeing a bounce where we might see a corresponding rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
GBPCAD potential long !!!!!GBPCAD on route to a sweet bit of support, it could reverse here or it could fall through and completely spoil my week
GCad London movePrice looking to retrace to about 61% from the most recent high on the 15m then make a minimum of a 50 pip drop downward to correct the big buy that happened previously.
GBPCAD // Short Term OutlookAs we take a look at GBP/CAD in the short term.
We currently have formed a HTF Supply Pivot and a LTF Supply Block within our price structure.
I am expecting price to target our HTF Support area for a +100 pip drop. Idea invalidated if we break and close above our green supply area.
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