GBPCAD, 4hr tf, buy on EMA-200 support
Another pair with CAD in it is GBPCAD.
We might actually finished this wave-iv exactly at EMA-200 support which is a strong support.
I tried buying this pair because it offer 1:5 RR ratio with only small stop loss.
The last potential HnS pattern of this pair has been invalidated so i think we will see reversal to the upside.
Buy GBPCAD 1.7370
Stop loss 1.7320
Take profit 1.7640 (5.4R)
Use only 1-2% risk
Good luck
Gbpcadbuy
GBPCAD 4H TIMEFRAME ANALYSISHello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied
GBPCAD, 4hr TF, inverted HnS pattern in playAs you can see there is an inverted HnS pattern on this pair.
Price actually already broken above the neckline and go down retracing a little bit. If you count that retracement, it stopped exactly at 61.8 fibonacci retracement.
In my opinion we will see a continuation to the upside so we will buy this pair.
Buy GBPCAD 1.7400
Stop loss 1.7300
Take profit 1.7600 (2R)
Use only 1-2% risk
Good luck
GBP/CAD Trying To Close Above Our Res So Let`s Catch This ChanceThis 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
GBPCAD W5 Mar 2021GBPCAD
Long Setup
💪🏼 Price broke out of a corrective phase and descending channel. This breakout indicates a possible Wave-1 and a possible retest to occur for a Wave-2. Signs of rejections off the zones will provide for long opportunities.
Higher timeframes shows price is trading above the Daily and Weekly 200EMA with a Daily bullish engulfing. Weekly timeframe is plotted with a ABC movement to the upside with a complex correction of Wave-B. Starting of Recent bearish movement has brought us to the golden 61.8% retracement level.
2 targets in place:
TP1: Previous highs at 1.79000 (Fib Ext of 0.50)
TP2: 1.90000 (Fib Ext of 1.00)
GBPCAD: Why Buy????? Go On - Shooter_ForexHi, my name is Shooter_Forex .
- Pay attention to add GBPCAD.
- Zone D1 a bullish signal appears nice price at hard support ( 1.72000 ).
- Here, you need to follow more because you need to see The market broke the top (at H1, H4) and if you return, a new bullish signal can BUY up.
*** Note areas in order: Demand zone D1, Demand D1 + Demand H4, Demand D1 + Demand H4
+ Round Number 1.72000 (Signal = reversal candlestick patterns)
I use the following methods:
1. Price Action
2. Supply Demand Zone
3. Risk management: Investment capital ( 4% / deal )
GBPCAD BUY|GREAT IDEAHello Traders, here is the full analysis for this pair.
Watch strong action at the current levels for BUY. GOOD LUCK! Great BUY opportunity in GBPCAD .
I still did my best and this is the most likely count for me at the moment .
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
GBP/CAD New Entry And Analysis To Catch 200 PipsThis 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
GBPCAD - DON'T MISS THIS OPPORTUNITYLooking at GBP/CAD, I can see signs of a Bullish move.
Why?
- Stochastic Indicator
- Currently at a strong Support Zone which looks like price has bounced off
- Last two candle have confirmed the sell off has weakened (Bulls Incoming)
Aiming for the Fibb Golden Zone! (As marked on the chart)
LET'S GOOOO
GBP/CAD Has Stabilised, Safe For LongsThis has settled after the move last week. The spike has had some retracement and created a support. A long from here should be fairly safe, environment is bullish as can be seen using MACD and EMA's on 4HR and daily timeframes. Target is 1.77585 as there is a lot of previous structure and resistance around this level.
GBP/CAD Has Retraced, Look to Long From HereThis has retraced to what should be the new support level. Watch for this to turn higher using the MACD and EMA's, can also use 1HR for another perspective. Target is 1.77585 as there is a lot of historical resistance around this level. SL just below the low at 1.73750