Gbpcadforecast
BRITISH POUND/CANADIAN DOLLAR GBPCAD SHORTPrice Retesting previous structure break.Short Pair. FX:GBPCAD
GBPCAD short after a Fake Breakout !!!!friends push like if u like our idea
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GBPCAD LONG - POUND BUYING MORE POUTINES1. RR is good
2. EMAs looking strong both on 4hrly and 1hrly
3. TDI is in the buy zone with RSI above trendline
4. Price action show bouncing on Structure
5. Hourly chart showing good price action as well
Good setup, depending on price action might leave it over the weekend.
GBPCAD bounced from support, potential for a further rise!
GBPCAD bounced off upside confirmation at 1.70664 where it could potentially rise further to 1.71187.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
GBPCAD H4 LONG PRICE ACTION FORECASTPrice action broke consolidation channel a buy limit entry expecting pullback before ut continuation is placed.
Great Britain's economy has been showing dampening reports, but technically speaking, this entry displays a UT momentum. A buy-limit entry gives room for the following setup:
S/L: 89 pips - R:R | 1:2 - T/P aiming to a previous support level in confluence with the Fibonacci level 5.0
GBPCAD reversed from resistance, potential drop!
GBPCAD reversed off its resistance at 1.70266 where it could potentially drop further to 1.68984.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
GBPCAD H4 LONG PRICE ACTION FORECASTAfter retesting the support level that wasn't broken and the bullishness with MACD, the setup for a long entry with a buy-limit order is placed.
The target level projected for this entry gives enough room to target an R:R | 1:2 with an S/L: 101 pips.
GBPCAD bounced from support, potential for a further rise!
GBPCAD bounced off 1.69795 where it could potentially rise further to 1.71143.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
GBPCAD bearish continuation Tuesday, 2nd June 2020
#GBPCAD SELL
ENTRY = NOW 1.69600
SL = 1.70000 (-50 PIPS)
TP = 1.66950 (+260 PIPS)
Disclaimer On
PLEASE USE YOUR OWN MONEY MANAGEMENT RULES
Your Money is Your Own Responsibility
GBPCAD Analysis IdeaUpdate on GBPCAD, still waiting for this break to the downside. Any feedback on analysis would be appreciated.
GBPCAD Short Term Buy SIgnalEnjoy a free signal
Trade at your own risk
know your risk to reward
price has came down to 1.7
rejected 1.7 the first time around
which was a major 3hr S/R area
price has now retested price
lets see if we reject
BUY
Symbol: GBPCAD
Entry: 1.700 (market)
Best Entry: 1.698 (Buy limit)
Stop Loss: 1.695 (-50 to -30 pips from B.E.)
Take Profit: 1.711 (+111 to +130 pips from B.E.)
Take Profit 2: 1.722 (+220 to +240 pips from B.E.)
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.
GBP/CAD possible reversal area coming into focusGBP/CAD has been battered down by the BEARS as have all GBP pairs for the last 6 weeks. GBP/USD is hovering around WS1 support and GBP/CAD is entering an area of strong support. This area which extends from current market price(1.7190) down to WS1 at 1.7111 is now a key area for GBP/CAD. If all this support fails then expect a stong move south from the BEARS down to 1.6530 area initially.
