GBPCAD LONGI anticipate for a Possible BUY at the Trendline, Historic price Action has shown that Price always bounce at the trendline.
Gbpcadlong
GBP/CADBUY: GBP / CAD
SL @ 1.73680
TP @ 1.75180
Max Risk: 2%
(When calculating, do not forget about different spreads from Brokers)
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Have a good week to everyone
GBPCAD PULLBACK BEFORE CONTINUATION?Just as our last analysis clearly stated, we saw price bounce right off the bat, making some good returns for us.
Now, we expect some sort of pullback before a continuous rally to the upside.
We remain in this trade, looking for scale-in opportunities to continue with this trend. Trade the trend with us. Trade Safe.
gbpcad longgbpcad buy :
Reasons :
1)my ema lines gave a divergence
2)possible uptrend for a week
3)nice naked candle had been given yesterday and todays candle will be the perfect entry point for atleast 70 pips
take profit : green line
stop loss : it depends upon you ,if you are scalper keep it 10 pips below todays candle
if you are swing trader keep it 5 pips below yesterdays candle
Wait for buy signal at support zone with GBPCADH1 time frame.
Structure: 5 wave impulse, uptrend.
Wait for retracement to support zone at 1.73500 and Price Action signal to buy.
Target is next resistance at 1.75500.
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Wish you all have a good trading day!
GBPCAD ANALYSISThe 4hr and hourly timeframe still suggest a bullish trend on this pair.
After the last bullish move, we can witness corrections into the 4hr level of support.
Look carefully as eyes meet wick rejections, telling us that there are reactions at this level.
We now move the smaller time frames to look for long confirmations to get us in the new move.
#GBPCAD approaching for 4HR demand area to potential to Buy!#GBPCAD Price is trading the demand Area confirm the any bullish candlestick formation and breakout the 1hr timeframe trend line it will go for the next level resistance 1.73885
Why we like it:
Price Trading in 4HR demand area
watch the bullish candlestick formation in 1hr timeframe
Watch the trend line breakout
Expect to moving the next level resistance area
1st support:
1.73171
Next Zone area & horizontal swing Low support
1st Resistance
1.73885
Zone area & horizontal swing high resistance
GbpcadLiquidity on the upside.
Hope market will give us another chance. I recommend to wait to stophunt that recent support and go straight upside and might reach to weekly's resistance.
GBP vs CAD Long IdeaThe Pound is looking soo stronger than Cad. Looking for Buying Opportunity on this pair.
GBP vs CAD Long for Nest WeekThis is my Idea about gbpcad. Looking for short term buying oppertunity on this pair.
GBPCAD BUY SET UPI expect GBPCAD to take out the previous high in 4hr timeframe. Right now price is currently at my support which is a nice opportunity to buy to the old hig.Good luck if you are going to take this trade. Do not risk more than 2% of your acc.
#GBPCAD for 4HR support area to potential to Buy!#GBPCAD Price is trading the Support Area zone waiting for any bullish candlestick formation and watch breakout the trend line its will move to the next level resistance area
Why we like it:
Price Trading in 4HR support area
watch the trend line breakout
moving to the next resistance area
waiting for candlestick confirmation
1st support:
1.73180
Next Zone area & horizontal swing Low support
1st Resistance
1.74404
Zone area & horizontal swing high resistance
GBPCADthis is our thind trade of the week! we have a chance to buy GBPCAD (after a complete confirmation). GBPCAD is forming an ascending channel , the price is trying to test 1.75670. , so we can take advantage of it, there is a 130+ pips chance! also we have a great RR 1: 3!
GBPCAD ANALYSISThe GBP was strong across alot of pairs yesterday. A nice bullish move that made some good gains.
Now, we can expect some pullback into some key levels before continuations to the upside.
The area of 1.74200 is one to look at. A previously broken resistance could now serve as support when price gets there.
We're looking at longs from this level if price reacts, rejects, and bounces from it.
GBP/CAD | Potential Upward Movement 🚀 Technical Analysis:
The pair found buyers around the 61.80% Fibonacci retracement level which led to a move upward and it violated the highlighted zone. We are expecting a lower correction toward this zone before a new move upward in the same direction of the main trend.
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Trade Idea:
Buy Limit Order @ 1.73328
Take Profit @ 1.74268
Stop Loss @ 1.72866
Trade Safely 🙂
GBPCAD - Ready to Target LowsAfter successfully collecting orders from high last week, price managed to break structure.
Now that bears are in control, I will be waiting for a pullback to sell into the buyer's liquidity.
GBPCAD Swing LongIf you like this idea, like and follow me for more.
Analysis done on the daily/4H timeframe. I've drawn out some key support and resistance (S&R) levels, key supply and demand (S&D) zones, as well as a trendline. Price is currently move in an uptrend, and due to recent GBP weakness, price has come down to a good area to buy from.
As you can see, i've entered lightly above my S&D zone. I got confirmation for my entry due to price action but i shall be setting some buy limits further down into my zone should price come down so far (risk will be managed since the amounts of pip being risked at the bottom of the zone will be a lot less than from the top).
The key S&R levels will be used as target points. My long-term aim is to swing GC back to the top, but i shall be taking profits along the way.
Updates to follow, follow me to see them.
GBPCAD FOR CONTINUOUS LONGSAs GBPCAD continues to trend, buyers picking up the dips are making money on the push whilst sellers get roasted on a platter.
We saw some bullish push above the 1.74200 area. Now, we see price pull back to the level.
We're watching carefully to see a rejection from this level to continue picking up buys here.
Buy Opportunity on GBPCAD and picking up 70 pipsBeautiful buy opportunity on GBPCAD targeting 70 pips with a target goal of 1.7570
GBPCAD-Long#GBPCAD recently market was moving descending triangle. And has broken out of it has given a good retest so I am looking for 200 PIPS in the long term. While 50 PIPS buy a the point.
