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Gbpcadanalysis

GBPCAD Possible long setupMonthly - Price wicking to the downside (market is rejecting 1.7000) round figure. Weekly - last 3 weeks saw bullish momentum to the upside. Rejecting a Very strong resistance area. (awaiting pull back to collect buy orders). Daily - Structure break to the upside. Bearish engulfing at the swing high creating new Higher High. 4h - market is shorting towards the trendline and liquidity zone. will watch for candle movement around the red zone for a possible long entry.
by Searle
1
GBPCAD LONGMonday. My favourite day of the week, purely because the markets are waking up. So we entered a long position on GBPCAD this morning. We are currently -2 percent but we are comfortably waiting for price to retest our strong resistance zone and eventually continue in a bullish momentum into our take profit area. Our analysis has been created on a 1hr time frame for trading view but was originally added to our watchlist on a daily time frame. Both which were convincing that price was going to have a bullish momentum. my entry was: ENTRY @ 1.76032 SL @ 1.75432 TP1 @ 1.76632 TP2 @ 1.77332
by Forexinsightsuk
GBPCAD long trade ideaPlan: wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
1
GBPCAD short trade ideaPlan: trendline and support level breakout --> wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Short
by GWBFX
2
GBPCAD Consolidating... Short Opportunity!!!GBPCAD failed to breakout 1.7473 resistance level with price level moving sideways for now. I see it testing the support level @1.7253 price level, also where my moving average is at. If it breaks through this level, we should expect a BEARISH continuation with a huge downside potential. As of now, I am BEARISH for GBPCAD. Short term Trading Opportunity!! Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!
Short
by YGForex
2