gbpcad longgbpcad buy :
Reasons :
1)my ema lines gave a divergence
2)possible uptrend for a week
3)nice naked candle had been given yesterday and todays candle will be the perfect entry point for atleast 70 pips
take profit : green line
stop loss : it depends upon you ,if you are scalper keep it 10 pips below todays candle
if you are swing trader keep it 5 pips below yesterdays candle
Gbpcadbuy
GBPCAD bullish scenario:In this pair, we have the technical figure Triangle. The Triangle has broken through the resistance line on 07/07/2021. GBPCAD forming a bullish formation on a daily chart. If the price holds above this level we will have possible bullish price movement with a forecast for the next 22 days with a target of 1.7367. If we decide to enter this position our stop loss order should be placed at 1.7367.
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GBPCAD, 4hr tf, new bullish cycle
Same plan as EURCAD. We also saw the potential of GBPCAD new bullish cycle to the upside.
Wait for price to retrace around 1.7160-50 before initianing buy.
We wanna see price complete wave-iv correction before entering buy.
Buy GBPCAD 1.7155
Stop loss 1.7120
Take profit 1.7280 (3.5R)
Use only 1-2% risk
Good luck
GBP/CAD Full Analysis And Many Entries Available In This Video This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
GBP/CAD Full Analysis ( Swing Trade And Scalping Trade ) Enjoy This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions