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Gbpcadbuy

GBP/CAD W1 D1 LONG 10.9.2019Technical view On Weekly timeframe GBP/CAD has showed rejection from very important Supply area. We can see Pin bar was formed last week which we can consider as a buy signal, also we can see pin bar on daily chart. MA10 and MA20 have crossed each other on Daily chart which means there are changing in the trend in play. I will be looking for buy orders on smaller timeframes like H4 and H1 to join new uptrend. As u can see on given example area from 1.6800 to 1.6914 is next key Resistance area for GBP/CAD and there will be my TP. Fundamental view Monday GDP data for GBP was more better then expected which are very good numbers for Great Britan economy, and it seem Great Britan will avoid recession. So we could see recovery in GBP in further days and weeks.
Long
by NecP
1
Want a PI#S with a FREE ALCOHOL?Circled in purple you can see how price hit our support zone and then bounced, we can see price making a bullish run up to our TP1 zone ( 1st green box ) this is 100 pips away, so even though this is a little late entry there will still be some good pips to be caught. After TP1 is hit there is a possibility that price might also hit our TP2 ( 2nd green box ) Like always trade with correct risk management, especially with BREX#@IT going on and the joke that is the UK government who couldn't organise a pi#s up in a pub with a free alcohol. These are only our views and please only use them if they line up with your own analysis.
Long
by ApexFX_Pro