Gbpcadlong
GBPCAD potential for further upsideGBPCAD is appraoching 1st support which is our horizontal overlap support in line with 50% Fibonacci retracement and 61.8% Fibonacci extension. Prices might push up towards horizontal swing high resistance in line with 78.6% Fibonacci retracement and 78.6% Fibonacci extension. If prices continue to push down, prices might take support on horizontal swing low support in line with 127.2% Fibonacci extension. Ichimoku cloud is also below prices, showing a bullish pressure for prices.
GBPCAD's Probable RallyHello fellow risk-takers
GBPCAD's bias is bullish in my books. The red descending trendline is unreliable and prone for breakouts; I call these types of trendlines "even trendlines— i.e., AB = BC" and data shows that, more often than not, these trendlines break.
I am bullish on this pair, and already opened a long position on Thursday of last week. If this trendline breaks as expected, I will be looking to add a further position. However, price is erratic at this point, and the probability of tight stop-losses being wiped out is increased.
Happy Trading.
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*This information is for entertainment purposes only and shouldn't be construed as investment advice.
GBP/CAD Full Analysis And Many Entries Available In This Video This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
Bullish Continuation + LTF Flag entryPrice was corrective this week around our swing high area, was still looking for LTF flag entry but there wasn't 'any clear entries. bias is still the same If we get the flag I won't hesitate to take it, but as the entire HTF correction is parallel, I'm aware that Price can easily short so I'll be looking for the confirmation signals for that as well, but I'm leaning more to a bullish bias.
GBPCAD > Ridiculously Useful Setup for Possible 157 Pips!I hope you are feeling generous and loving today to give me a like and leave a comment it will really support the creation of new free ideas for you.
Analysis on #GBPCAD
Hello friends.
the market here seemed to be bottoming and it might be forming a triangle here but it doesn't meet the rules so i can't take it, however here is my plan:
>> if the market breaks and closes above the neckline then drop a one-time frame looking for a valid reason to get in a long trade for a possible 157 pips for a target.
Safe trading everyone
Check today analysis below⠀
>> “Control Your Emotion and You Control Your money.”
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-Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀
-Please note this is just a PREDICTION and I have no reason to act on it and neither should you
GBP/CAD Full Analysis ( Swing Trade And Scalping Trade ) Enjoy This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
bullish @1.7625 but suspicious case and need more confirmationwe need for more confirmation for bullish move
kumo cloud break out at least in 4 h timeframe
price being stable above ema 200
ks and ts of ichi cross each other
only the third one is met and we should wait for the first and second one to confirm bullish move starting
pls comments