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Gbpcadforecast

Possible GBP/CAD Short position!!SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 1-4 days Actions on - A – Activating Event Currency Pair creating a Double Top . B – Beliefs Market will find support at current levels at @ 1.7444 level and move towards the first Target 1 level @ 0.7100 FX:GBPCAD Trade Management Entered @ Sign up for details Stop Loss @ Sign up for details Target 1 @ 1.7100 Target 2 @ 1.6900 Risk/Reward @ 3.0 Happy trading :) Follow your Trading plan, remain disciplined and keep learning !! Please Follow, Like,Comment & Follow Thank you for your support :) This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Short
by SMPTrader
Short idea for GBPCADGBPCAD is down trending due to printing LHs & LLs, and it is moving in a descending channel, recently price action seems to print a new LH as a typical counter-trend and has reached to upper down trend channel and then inner counter trend line has broken and pulled back to near it, also forming a Head and Shoulder pattern is possible. All in all this is an short idea and it would be triggered if we could see price break local pullback trend line in lower time frames (for example H1).
Short
by suncity
GBP/CAD just made fake broke of 2 months low 1.7052GBP/CAD just made fake broke of 2 months low 1.7052. On the chart, we can see that currency rate bounced up on 725 pips from that level. For me, it is a safe place where I can open a Long position. I opened buy at: 1.7064 S/L: 1.7022 T/P: 1.7355 Many of you wrote to me about loses on USD/JPY. Dear Friends, you need to know that I don't guarantee you that every deal will be in profit. I am a trader, not a scammer. Sometimes there can be even a month closed with loses. Also, you need to know that even with 40% of profit deals I still earn money because my minimum risk-reward is 1:4 or more. As a trader, you can trade only probabilities. Also, you need to know I work in FX broker. I sew many traders who make 100% every month but in 99% cases all of them blow out all their money in 3 – 6 months and live trading after that. That why I totally recommend to you to trade with proper risk management.
Long
by Yuriy_Bishko
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