GBP/CAD in descending channel💡Hello traders,
Hope you are having fantastic summer and also are finding time for trading as well :)
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There has been downtrend with this pair and as we know trend is our friend we believe price will continue to drop more.
Let us know what you think about this idea.
Trade safe !
Gbpcadanalysis
GBPCAD BUY OPTION FOR SWING TRADE.GBPCAD BUY OPTION FOR SWING TRADE.
Please manage your risk. Use Stop loss. And do not take blind entries.
If you have a question let me know. If you want to analyze any pair let me know.
This is just an idea. What we see.
The Market can go in the opposite direction, what we analyze. So we have to manage our risk and adopt the situation accordingly.
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.
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Thank you for your support ;)
GWBFX
GBPCAD signal (LONG)Hello friends.
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Everything on the chart.
open pos: market
targets: 1.7 - 1.71 - ~1.716
after first target reached move ur stop to breakeven
stop: under ~1.683 (depending of ur risk). ALWAYS follow ur RM .
Good luck
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Good luck.
It's not financial advice.
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Open to your questions or suggestions(PM to me).