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Gbp-cad

GBPCAD approaching support, potential bounce!GBPCAD is approaching our first support at 1.7268 (horizontal pullback support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) where a strong bounce might occur above this level to our major resistance at 1.7443 (38.2% Fibonacci retracement). Stochastic (34,5,3) is also approaching our support where we might see a bounce in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by Tickmill
What goes around comes back around With this pairing breaking and re testing a good trendline TL late last week we can only see downside movement and possibly reaching our target zone of around 300 pips from current price. We have placed our target zone where we have because it is very strong support and resistance area where price has respected as far back as 2009... See the importance of keeping these key levels on your chart or at least wrote down somewhere safe. PLEASE TRADE WITH CORRECT RISK MANAGEMENT and only use our analysis if it lines up with your own.
Short
by ApexFX_Pro
GBPCAD clear trendGBPCAD is in a major uptrend giving us nice and clear Higher Highs and Higher Lows. If we see past data, the bounces on the trendline and Stochastics reversals were clear and precise, and this exact same pattern is occurring right now, adding this time a harmonic pattern to our charts. Also, if we see the daily candlesticks, bullish momentum is CLEARLY dying for the pair and more sellers are coming to the market. We should see this pair alongside all GBP pairs dropping to key levels. Will go short once Stochastics cross each other. TRADE IS VERY OBVIOUS SO BE AWARE OF MARKET MANIPULATION.
Short
by FahimLatif
GBPCAD approaching resistance, potential drop! GBPCAD is approaching our first resistance at 1.7502 (horizontal swing high resistance, 100%, 61.8% Fibonacci extension, 50% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 1.7263 (horizontal pullback support, 50% Fibonacci retracement). Stochastic (34,5,3) is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Tickmill
2
EURUSD Today's Possible FOMC Trade FX:EURUSD EURUSD have been trading within a multi sessions bullish channel with new tops and lows, so far price is testing broken highs where I see scope for another high. We have an important news to be released today FOMC meeting minutes, which will definitely impact EURUSD. Looking at the short term momentum which is well lined up so I'll be looking to get long this market. Stops and targets are mentioned on the chart. Thank you for the support. Trade safe and good luck.
Long
by UmarAbdurRehman
1
Possible Gartley on GBPCAD DAs you can see, this channel has already produced a Bat and a Cypher (very good ones btw), and now a Gartley is forming. For sure is not a perfect Gartley... B point is far away from the ideal .618, but it is also far away for the .786 (Butterfly B) I'll keep an eye on the price (and the very important news to come on monday). Numbers look like: Entry: 1.69234 SL: 1.67580 TP1: 1.71548 (1.38 RR) TP2: 1.72262 (1.84 RR) TP3: 1.72977 (2.25 RR) etc... Not a perfect one, so no Limit Orders entries...
Long
by EnzoDamario
GBPCAD approaching resistance, potential drop! GBPCAD is approaching our first resistance at 1.7260 (Horizontal swing high resistance, 100% fibonacci extension, 50% fibonacci retracement) and a strong drop might occur pushing price down to our major support at 1.7139 (Horizontal pullback support, 50% fibonacci retracement). Stochastic (89, 5, 3) is also approaching resistance and we might see a corresponding drop in price should it react off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Tickmill
GBP CAD LONG like Ron Jeremys d#@kWe can see a really strong resistance level that's been respected on the 3 charts, 4H, 1D, 1W but price has also been respecting a lovely trend line ( TL ) in an uptrend, Now most retail traders would probably go short because of this resistance but if you look closer all things point to a buy and if we do manage to break such strong resistance we could see a sizeable movement to the upside. Buying power is far too strong long-term to even consider a long-term short, The current candles on 4H are big and bullish, 1D we have a small bodied bullish candle but with a long lower shadow indicating sellers tried to push price lower but were not strong enough, 1W its only the start of the week but already price has been down and respected our TL. Short term we could see a retest of our TL on the 4H timeframe, so we will be in a very short term sell... After that we are holding long. In our long trade we will have a very tight SL, because this is how much we trust our setups, also if things don't go to plan then we have limited losses.. RISK MANAGEMENT IS KEY. Open your mind and stop thinking 1 dimensional and you will change the way you see charts and the world! Entry, SL and TP are reserved for our clients, if you are interested in joining our team then give us a message. P.S if you don't know who Ron Jeremy is Google him... but make sure your partner isn't around haha
Long
by Apex_Gregg
5