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Gbpcadbuy

GBPCAD long trade ideaLast week on the daily GBPCAD has made an Impulse to the upside and went for a retest of the impulse almost to 0.618. So, from daily we have a bullish outlook also today on 4H market shifted from bearish to bullish and we can look for big long from here. I will open a long from 1.71700. But keep in mind that we have a strong resistance in the weekly chart on 1.72500. So, if the market goes in my favor and tests the weekly resistance I will risk free this trade just in case the market doesn't break weekly resistance but if market breaks weekly resistance we could see GBPCAD move to 1.75000.
Long
by rafi_trader21
GBP/CAD DAILY UPDATEHello Traders, We have a complete W pattern on the daily timeframe with a retest where we predicted, at 0.38 fibonacci. In red the resistances in green my TP. SL on sight or on the support. If you agree with my ideas put a like and feel free leave a comment to link your trading ideas. Follow me for weekly analysis of swing trading support/resistance , fibonacci retracements, COT data. For informations feel free to contact me. Thanks for your support and let me know what you think!We have a complete W pattern on the daily timeframe with a retest where we predicted, at 0.38 fibonacci. In red the resistances in green my TP. SL on sight or on the support.
Long
by AidiDuhanxhiu
GBP/CAD - buying opportunity with strong GBP momentumGBP/CAD has been trading within a respected weekly trend channel since Late-2019. The last touch of this trend channel was on the lower boundary with current expectations now that price will return to the upper boundary. Price has been consistently trading above the 50 and 100 DAY EMA and the posting of an extremely bullish weekly candle last week means that we are looking for long positions this week. With the current bullish momentum for the British Pound we are expecting at least a re-test of the strong resistance at 1.7718. If price holds above this level a good secondary target would be 1.8040.
Long
by TheForexFellows