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Gbpcadlong

GBPCAD LONGAs we can see, GBPCAD broke the Lower trendline of an ascending channel on the H4, it bounced from the new support Level . We expecting a Bullish continuation to re-test the level listed on the chart. We taking this trade based on technical analysis and price action. Please use proper risk management depending on your account size, Use lot sizes based on these calculations. Here is a break down of your pip value in ZAR and Dollars 0, 01 = R1,43 / $0,10c 0. 05 = R 7,15 / $ 0.50 0.10 = R 14,3 / $1.00 1 Lot size = R 146,26 How to calculate Margin = (Lot Size * Contract Size)/Leverage, Lets say your broker gives you 1:500, and you open 0,2 size, How much are you exposing ? calculations : (0.2 * 10 000) / 500 = $4 (R58) also (1 Lot * 100 000) / 500 = $200 (R2 960) So, each time I open (1 Lot size, am exposing R2960 (Down payment) Remember, These are long term trades, It is advisable to have enough margin to handle the fluctuation of the markets. Please like and share for more useful content:
Long
by Pro-Trading-Africa
2
GBP/CAD:FUNDAMENTAL ANALYSIS+PRICE ACTION|NEXT TARGET|LONG 🔔🔔UK Retail Sales for July decreased 2.5% monthly and increased 2.4% annualized. Economists predicted an increase of 0.4% and 6.0%. Forex traders can compare this to UK Retail Sales for June, which increased 0.2% monthly and 9.2% annualized. UK Core Retail Sales for July decreased 2.4% monthly and increased 1.8% annualized. Economists predicted an increase of 0.3% and 5.7%. Forex traders can compare this to UK Core Retail Sales for June, which increased 0.3% monthly and 6.8% annualized. UK Public Sector Net Borrowing for July was reported at £9.620B and UK Public Sector Net Cash Requirements at -£2.290B. Forex traders can compare this to UK Public Sector Net Borrowing for June, reported at £20.730B, and UK Public Sector Net Cash Requirements, reported at £11.193B. Canadian Retail Sales for June are predicted to increase 4.4% monthly, and Canadian Core Retail Sales are predicted to increase 4.6% monthly. Forex traders can compare this to Canadian Retail Sales for May, which decreased 2.1% monthly, and Canadian Core Retail Sales, which decreased 2.0% monthly. The forecast for the GBP/CAD turned bearish for the short-term after extending a powerful rally. Traders should prepare for a minor sell-off, but the long-term uptrend is intact, and price action can move higher. Positive trends also exist in the Ichimoku Kinko Hyo Cloud, and after this currency pair corrects into it, an extension of the advance is likely to follow. After the stochastic accelerated into extreme overbought territory, traders should await a pullback and remain patient. Can bears pressure the GBP/CAD into a correction before bulls resume their stampede higher?
Long
by FOREXN1
1
GBPCAD - Bullish BiasGBP - Strong Bullish 1️⃣ The decline in infection cases and the easing of restrictions in the UK support demand on the GBP. 2️⃣ Preliminary readings show that the UK economy grew by 4.8% in the second quarter, recovering from a 1.6% contraction in the previous period. 3️⃣ The UK unemployment rate fell to 4.7% from 4.8%, while employment rose 95K in June. 4️⃣ The UK inflation rate is expected to increase in July as the price component in both the manufacturing and services sectors increases sharply. CAD - Strong Bearish 1️⃣ The risk-off environment and further decline in crude oil prices depressed the CAD. ===== Technical ===== We are buying the GBPCAD after the price breaks resistance. ===== Risk to this trade ===== Any change in sentiment could turn the pair's direction.
Long
by MonsunAsia
GBPCAD - Bullish BiasGBP - Weak Bullish 1️⃣ The decline in infection cases and the easing of restrictions in the UK support demand on the GBP. 2️⃣ Preliminary readings show that the UK economy grew by 4.8% in the second quarter, recovering from a 1.6% contraction in the previous period. CAD - Strong Bearish 1️⃣ The risk-off environment and further decline in crude oil prices depressed the CAD. ===== Technical ===== We are buying the GBPCAD after its break the resistance of 1.73750. ===== Risk to this trade ===== Any change in sentiment could turn the pair's direction.
Long
by MonsunAsia