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Gbpcadforecast

Time to have some GBP/CAD LONG action For the last 12 hourly candles the BEARS have pushed down the price of GBP/CAD but have failed to push the price lower than 1.7020. My experience tells me that continuous price action like this is very weakening for the BEARS as the BULLS stand their ground and don't attempt to drive the price north until they think the BEARS are spent. I believe we have reached the tipping point and we could see the BULLS exert their authority having been under the cosh since early May. We may yet see further downward forces come into play as the BEARS take a breather and regroup higher up but it seems clear we are going higher over the next few hours. I'm in at market (1.7055) with a STOP under the lows at 1.7020.
Long
by theforexportal
GBP/CAD this week made us ton of pipsGBP/CAD was one of the most successful pairs for us and we hope that you took our signal as well :) And as predicted price has reached its Support and now is bounced of it and heading back up. You can enter this trade now but keep in mind this is a swing trade and it going to take a few days to complete. Stop Loss should be placed below the Support line. Let us know what you think and don't forget to follow us for more ideas :) Good luck !
Long
by UnknownUnicorn3249870
3
BUYING GBPCAD at MARKET (1.7229)With GBPUSD pushing north strongly , this position has a chance with a small risk. The GBP has been battered all day across all pairs and there are signs of BEARISH exhaustion. Worth a LONG trade at these levels with a 29 pip STOP. Always tricky trying to anticipate a reversal but my specialist indicator is showing this trade as having a good risk/reward ratio so I'm in LONG at 1.7229 with a STOP at 1.7201. This analysis is supported by either BULLISH or doji indecision candles on the smaller time frames.
Long
by theforexportal