GBPCAD Long Off of a Pull Back - Potential 300 Pip Move!4 Confirmations off this Trade
The 20 is Going up
The 200 is Below on Multiple Time Frames
And on the Currency Strength Indicator GBP is Stronger CAD Right Now.
Gbpcadidea
GBPCAD Long termGBPCAD going to restest around the pink line, sell till Zone 4, consolidate for a long term buy with the formation of a cup - handle
GBPCAD !! Will it find support for Uptrend ?The bullish trend line broke, but the region that it broke is strong support zone, the trend broken from this region gets support and strengthens so we set our risk and profit rate logically, we will watch and see.
Please like the idea for Support & you can share your ideas and charts in Comments Section .. !!
GBPCAD, TIME TO MOVE.**ENG**
- Price reaching our reversal zone, we are expecting some consolidation or even a reversal from this area.
**PT**
- Preço a alcançar a nossa zona de reversal, estamos à espera de um reversal ou então alguma consolidação neste nível.
GBPCAD, daily timeframe, 5th wave of Elliott WaveHello my friends,
Today i noticed some good setup from GBPCAD. Previously this pair make an inverted shoulders head pattern and then push straight to the upside for 700 pips in 2 weeks.
I tried to fit some fibonacci tools into it and count the waves according to Elliot Waves principle. Surprisingly, it looks like this pair just finished with the 4th Wave.
Wave-4 is the shortest wave and usually it stopped at 38.2 fibonacci retracement.
We could possibly see wave-5 from this point onwards and usually it ends at 127% fibonacci retracement of Wave-4
Wave-4 could never touch the area of Wave-1 so we could use stop loss a little below Wave-1. In this case, my stop loss is at 1.7200
Buy GBPCAD 1.7395
Stop loss 1.7200
Take profit 1 @1.7675
Take profit 2 @1.7870
GBPCAD ON THE VERGE OF A REVERSAL?!**ENG**
- Price breaking our consolidation box and is now heading for a retest, we are expecting more downside after this same retest, wait for an entry confirmation before entering, look at the lower timeframes (such as 15min).
**PT**
- Preço a quebrar a nossa box de consolidação e está de momento a caminho de efetuar um retest, estamos à espera de um drop maior este mesmo retest, o ideal será aguardar por uma confirmação de entrada em timeframes inferiores (assim como 15min).
GBPCAD long wayI expect it to start moving up from the support zone, I have 2 targets
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GBPCAD short trade ideaPlan: trendline and support level breakout --> wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
GBPCAD bounced from support, potential for a further rise!
GBPCAD bounced off 1.70845 where it could potentially rise further to 1.73784.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
GBPCAD to climb from upside confirmation, potential bounce!
GBPCAD to climb from its upside confirmation at 1.71889 where it could potentially bounce further to 1.75765.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
GBPCAD reversed from resistance, potential drop!
GBPCAD reversed off its resistance at 1.71304 where it could potentially drop further to 1.69500.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
GBPCAD long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
GBPCAD approaching support, potential for a further rise!
GBPCAD approaching support at 1.70751 where it could potentially rise further to 1.71571.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
GBPCAD TRADE IDEAGBPCAD - Downward channel here. Looking like we may see some form of rejection around the upper channel trend line. Lines up well with the resistance level and double top. As mentioned on the note, we will need to wait for rejection at our targeted zone.
