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
Gbpcadlong
GBPCAD Trading Idea.Gday Guys..
Let's analyse GBPCAD. GBPCAD was sideways in Weekly perspective. Which is clearly showing that price probability moving bullish its high.
Based on that conditions, I positively believe this price looking for Supply Zone to complete the market movement.
From here, I open a Buy Position with good R:R and Securing profit by move SL into breakeven.
Let's see what happen next on this pair.. Cheers.
💡Don't miss the great buy opportunity in GBPCAD
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.6950).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GBPCAD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 59.
Take Profits:
TP1= @ 1.7122
TP2= @ 1.7197
TP3= @ 1.7269
TP4= @ 1.7355
TP5= @ 1.7442
SL= Break below S2
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💡Don't miss the great buy opportunity in GBPCAD
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.6950).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GBPCAD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 62.
Take Profits:
TP1= @ 1.7122
TP2= @ 1.7197
TP3= @ 1.7269
TP4= @ 1.7355
TP5= @ 1.7442
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
** GBPCAD ** trade currently in drawdown lets see how plays out.Hi all, hope your having a great week, really happy with current performance for the strategy, forward testing is showing solid results across the board.
The entry price, stop loss (in pipettes) and take profit are shown on the chart itself.
Just something I'm working on in Pine script, I'll share as many trading ideas as and when I can, so I can document my progress.
My name is Al, I'm 40 and from the UK.
I've been trading for a few years, my key goal is to automate my strategies and remove as many decisions as I can.
Any questions, feel free to drop me a direct message if I can help.
These ideas, aren't specific advice from me - so if you enter, of course do your own due diligence - always manage your risk like a pro too.
This is all for information and education.
Have a great day,
Al.
🙂
PS. Check my other 'Related Ideas' too.
** GBPCAD ** trade currently in DD, lets see how plays out.Evening all, its been a busy week of forward testing the strategy.
The entry price, stop loss (in pipettes) and take profit are shown on the chart itself.
Just something I'm working on in Pine script, I'll share as many trading ideas as and when I can, so I can document my progress.
My name is Al, I'm 40 and from the UK.
I've been trading for a few years, my key goal is to automate my strategies and remove as many decisions as I can.
Any questions, feel free to drop me a direct message if I can help.
These ideas, aren't specific advice from me - so if you enter, of course do your own due diligence - always manage your risk like a pro too.
This is all for information and education.
Have a great day,
Al.
🙂
PS. Check my other 'Related Ideas' too.
GBPCAD, 4hr tf, buy on EMA-200 support
Another pair with CAD in it is GBPCAD.
We might actually finished this wave-iv exactly at EMA-200 support which is a strong support.
I tried buying this pair because it offer 1:5 RR ratio with only small stop loss.
The last potential HnS pattern of this pair has been invalidated so i think we will see reversal to the upside.
Buy GBPCAD 1.7370
Stop loss 1.7320
Take profit 1.7640 (5.4R)
Use only 1-2% risk
Good luck