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Gbp-cad

SCHOOLS BRAINWASH OUR KIDSAs you can se price is at a very strong support level as marked out by the orange arrows, so we are expecting a bounce and a rally to the upside. You see how simple trading can be? So why do schools not teach the tools you need for trading if they really want people to succeed? That's correct because they want to brainwash you and hide you from making proper money so the government can keep you in line and control you. You go to work to pay for a lovely house that you are never in because your always at work... just so they have you by the balls and you have to keep working to pay the government there tax's. People are set up to fail from the 1st day they go school. Open your eyes people and don't be a brain dead zombie like they want... P.S what do you think the government are putting in your tap water? i would go and do a bit of research if I was you. Anyway we are long on this trade.... RANT OVER ;p
Long
by Apex_Gregg
6
GBPCAD approaching support, potential bounce!GBPCAD is approaching our first support at 1.6987 (horizontal swing low support, 61.8% Fibonacci retracement , 78.6% Fibonacci extension ) and a strong bounce might occur below this level pushing price up to our major resistance at 1.7134( 50% Fibonacci retracement , horizontal swing high resistance). Stochastic (55, 5, 3) is approaching its support where a corresponding bounce could occur. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
Long
by Klimex
GBPCAD approaching support, potential bounce!GBPCAD is approaching our first support at 1.6987 (horizontal swing low support, 61.8% Fibonacci retracement, 78.6% Fibonacci extension) and a strong bounce might occur below this level pushing price up to our major resistance at 1.7134( 50% Fibonacci retracement, horizontal swing high resistance). Stochastic (55, 5, 3) is approaching its support where a corresponding bounce could occur. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
Long
by Klimex
BUY!!!!! sell your house and BUY GBP CADSupport purple arrows resistance orange Look how many times price has used our support and resistance zone, easy to see its a very strong zone and ready for a reversal, add in the fact that this zone lines up with our trend line that has also been very well respected we can only see a reversal coming after price has had a big push down the past few hours. So we will be looking for a long trade once price respects our zone and trend line. All trades will be sent to our clients along wit TP and SL. Now we don't really mean sell your house and put it all on this trade... but if you are are stupid then I hope our analysis is wrong and you loose everything :p
Long
by Apex_Gregg
GBPCAD LongAs the strong resistant level (upper red line) holds, price moves towards either the weak support (yellow) or strong support (red lower line ). Assuming that the yellow support will hold, a nice long position opportunity could occur. This long, would be confirmed IF 1.71 is broken upwards. The other scenario (as I see it) is a short opportunity after breaking the yellow support. IF the yellow support breaks, the short entry should be if the 1.70 is broken. Summary; Long: Entry: 1.709 Stop Loss: 1.70 Tp1: 1.726 Tp 2: 1.739 Short: Entry: 1.699 Stop Loss: 1.704 Tp1: 1.689 Tp2: 1.675 (disclaimer, do not invest more than you can afford, It is an idea NOT a financial advice)
Long
by duckduckwhale
GBPCAD approaching support, potential bounce!GBPCAD is approaching our first support at 1.7056 (horizontal swing low support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 1.7292 (horizontal swing high resistance, 50% Fibonacci retracement). Stochastic (89,5,3) is also approaching support where we might see a corresponding 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
GBP/CAD short setup, short break below 1H 200 SMAThe pair is holding support at 1H 200 SMA at 1.7326, break below will see further weakness. Next major support lies at 200-DMA at 1.7122 ahead of 61.8% Fib at 1.7051. On the flipside, 5-DMA is immediate resistance at 1.7396. Break above could see further upside. Support levels - 1.7326 (1H 200 SMA), 1.7234 (38.2% Fib), 1.7122 (200-DMA) Resistance levels - 1.7396 (5-DMA), 1.7424 (1h Upper BB), 1.7526 (Jan 25 high) Watch out break below 1H 200 SMA to go short, tgt 1.7230/ 1.7130
Short
by FxWirePro
GBPCAD approaching resistance, potential drop!GBPCAD is approaching our first resistance at 1.7524 (Horizontal swing high resistance, 50%, 78.6% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur pushing price down to our major support at 1.7055 (Horizontal swing low support, 61.8% Fibonacci retracement). Stochastic (89,5,3) 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
GBPCAD approaching resistance, potential drop! GBPCAD is approaching our first resistance at 1.7549 (100% Fibonacci extension, 50%, 78.6% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 1.7055 (61.8% Fibonacci retracement, Horizontal swing low support). Stochastic (34,5,3) 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