GBPCAD, Looking to go short. Hello Traders,
GBPCAD is setting up for another push down. Looking at the HTF, price is moving within a falling wedge reversal structure which is struggling to break above 1.566. On the LTF, price is correctively moving within an ascending channel to the upper boundary of the HTF which a reverasal is expected. Only if i get a bearish confirmation will I then be entering this trade.
Trade Safe
Thanks
Gbpcadlong
GBPCAD, at bottom waiting for reversal to complete.Hi Traders,
GBPCAD is looking to break out to the upwards for the next impulse move. Looking at the HTF we are moving within a decending wedge pattern with also a Double Bottom to add confluence of bullish impulse to happen. On the LTF price is moving within a decending channel within the larger structure. I will be waiting for an impulse breakout followed by a LTF correction for a buy opportunity.
Thanks
Trade Safe!
Pound may go higher from its support.Hi everyone in the TradingView community. I am Rana Sarmad I like to share and talk about trading strategies. If you are a member of my subscribers list and like my ideas, please don't hesitate to let me know by hitting that Like button and growing my notification count!
We are going to discuss about FX:GBPCAD
We can see market is going to test its previous support.
So we are expecting more rise after testing.
This is my opinion, I really hope this will be useful for you.
This is not a financial advice. Always take trade at your own risk,
Be ready and take care your money. Have a great profit !
Risk Warning:
Trading Forex and Leveraged Financial Instruments involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Trading non-leveraged products such as stocks also involves risk as the value of a stock can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary. It is the responsibility of the Client to ascertain whether he/she is permitted to use the services of the EMOTT brand based on the legal requirements in his/her country of residence
Pound vs loonies ready for longHi everyone in the TradingView community. I am Rana Sarmad I like to share and talk about trading strategies. If you are a member of my subscribers list and like my ideas, please don't hesitate to let me know by hitting that Like button and growing my notification count!
We are going to discuss about FX:GBPCAD
We can see market is near its previous support and trendline
So we are expecting more rise from its support.
This is my opinion, I really hope this will be useful for you.
This is not a financial advice. Always take trade at your own risk,
Be ready and take care your money. Have a great profit !
Risk Warning:
Trading Forex and Leveraged Financial Instruments involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Trading non-leveraged products such as stocks also involves risk as the value of a stock can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary. It is the responsibility of the Client to ascertain whether he/she is permitted to use the services of the EMOTT brand based on the legal requirements in his/her country of residence
GBPCAD | BEARISH CHANNELGBPCAD has been trading in a bearish parallel channel. The price has approached the top of the channel which is also the horizontal resistance zone.
We are expecting a bit of downside from here, anything above the resistance zone will be a buy signal.
Trade your levels accordingly.
Do not miss this beautiful buy opportunity on GBPCAD!Hello everyone,
GBPCAD is showing good signs of rising. The pair has recently broken above its falling trendline. Then we we see a bullish wedge formation which signals that the pair is more likely to continue higher. I will wait for the wedge to be violated and take buy positions with target to the May 2022 high at 1.615.
Friends, if you find this idea helpful please be kind to leave a like. If you have any question, feel free to ask in the comment section below.
Trade smart!