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GBPCAD

GBPCAD ____ INCOMING BULLISH RALLYHello Guys, This week has been giving promising trade opportunities and GBPCAD could likely be one of them. In my previous analysis of the pair, I marked both the buy-side and sell-side liquidity pools. Today, the market went after the sell-side liquidity pool. I'm hoping that the displacement in price allows the price to get to my demand POI and I will wait for a structural shift in price from bearish to bullish and take a long. The reason why I would be confident in taking the long is that we still have buy-side liquidity to take. If you like this analysis, give me a like or follow. Cheers, David
Long
by jabariofafrica
GBPCAD ____ INCOMING BULLISH RALLYHello Guys, This week has been giving promising trade opportunities and GBPCAD could likely be one of them. In my previous analysis of the pair, I marked both the buy-side and sell-side liquidity pools. Yesterday, the market went after the sell-side liquidity pool. I'm hoping that the displacement in price allows the price to get to my demand POI and I will wait for a structural shift in price from bearish to bullish and take a long. The reason why I would be confident in taking the long is that we still have buy-side liquidity to take. If you like this analysis, give me a like or follow. Cheers, David
Long
by jabariofafrica
GBPCAD H4 | Support trendline?Based on the H4 chart analysis, we can see that, price has just bounced off from our buy entry at 1.6793 which is ab overlap support support level that aligns with 61.8% Fibonacci retracement. Stop loss will be at 1.67141 which is a pullback support level. Take profit will be at 1.6844 which is a pullback resistance level Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Long
by Genesiv
GBPCAD - Trend-Following Buy Setup!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. GBPCAD is overall bullish trading inside the rising channel in red. Moreover, the zone 1.68 is a support zone . 🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue support and lower brown trendline. As per my trading style: As GBPCAD is sitting around the purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
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