Gbpcadlong
** 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
GBP/CAD Long idea UpdateGiven that GBP / CAD has closed above a strong structure that 1.74 area, chances are high that this pair will continue upwards, at least one 100 pips. Plus we have a classic M formation, which also indicates that the price will go up.
GBP/CAD Long ideaGBP / CAD broke strong on the 1.73200 area. Now what we have to wait for is to go back to the retest and get in long.
GBPCAD - BULLISH BIASGBP - BULLISH
1️⃣ Driven by a weaker dollar and the prospect of a strong economic recovery in the UK. The "stage two" of lifting lockdown began this week, with non-essential shops, gyms, and art galleries reopening in England.
2️⃣ Most of this week data from U.K. expected to print better.
CAD - BEARISH
1️⃣ COVID continues to rage across Canada with vaccinations very slow.
2️⃣ PM Trudeau said third wave has taken turn for worse.
3️⃣ Bank of Canada meets this week - they could remain cautious given COVID situation and lockdowns.
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TECHNICAL
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- We're buying this pair on RBS level + SMA50 area on M15 chart. This is short term trading strategy from Monsun Asia.
- Risk reward ratio is 2:1.
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RISK TO THIS TRADE
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- This trade will hit stop loss if oil prices increase (CAD will be strong).
GBPCAD > A Beautiful Bullish Gartley Pattern.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 up on #GBPCAD
Hello friends.
the market currently above 1.7200 and might test below this level to see if it will find buyers and if this happens it will provide me with a beautiful Gartley pattern.
there are two ways to get in harmonic patterns.
1- aggressive limit entry at the completion of D leg.
2-conservative entry, looking fo a reversal pattern using the lower time frame
Safe trading everyone
Check today analysis below⠀
>> One trade must not make you, one trade must not break you
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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
GBPCAD - Pullback NeededI would like to trade this slight pullback into the previous structure. I will be looking for a scoop below the most recent imprinted low before I begin to scale in my buy positions.
GBPCAD - LongPrice rejected after taking out the equal lows and has now broken structure to the upside.
I'm looking to go long at the LL before BOS (this is probably going to happen next week).
Targets are 3 different areas of interest, all above equal highs.
www.decisionofpower.com
Learn how to use the DOP method.
GBPCAD BUY | Day Trading Analysis With Volume ProfileHello Traders, here is the full analysis for this pair.
Watch strong action at the current levels for BUY GOOD LUCK! Great BUY opportunity GBPCAD .
I still did my best and this is the most likely count for me at the moment.
Support the idea with like and follow my profile TO SEE MORE.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
GBPCAD 4H TIMEFRAME ANALYSISHello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied
GBPCAD, 4hr TF, inverted HnS pattern in playAs you can see there is an inverted HnS pattern on this pair.
Price actually already broken above the neckline and go down retracing a little bit. If you count that retracement, it stopped exactly at 61.8 fibonacci retracement.
In my opinion we will see a continuation to the upside so we will buy this pair.
Buy GBPCAD 1.7400
Stop loss 1.7300
Take profit 1.7600 (2R)
Use only 1-2% risk
Good luck
GBPCAD - LONG/BUY Technical Analysis
1. Ascending Triangle
2. Fiibbonacci Retracement at 0.618 (Golden Zone)
3. 1 Hour inverted Head & Shoulders
4. Fiibbonacci Expansion take profit at 1 sits on Key Level
5. Marketing Sitting on EMA 200, Diagonal Trendline and Horizontal Pivot Point (Emphasises strong Area of Confluence)
GBP/CAD Trying To Close Above Our Res So Let`s Catch This ChanceThis 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
GBPCAD - H+S formedGBPCAD has been rangebound for the past week or so but it looks like resistance may soon break.
Watch out for a break of the neckline. Also watch for a failed breakout before continuing further down. I could personally see the scenario on the chart playing out.
Happy trading:)
GBPCAD – New Week Analysis – 5-Apr-21
📈 BUY ZONE – 1.73493 to 1.72993
🔷 Take Profit 1 - 1.73693 (20 Pips)
🔷 Take Profit 2 - 1.73993 (50 Pips)
🔷 Take Profit 3 - 1.74493 (100 Pips)
⛔ Exit / SL - 1.72493
There is potential for the price to move higher, its showing support for price reversal around 1.73500 region, if this support holds then we can see the price bullish towards 1.74500.
GBP/CAD. BuyGBP/CAD
Buy@ 1.7416
Sl 1.7300
TP 1.7600
Pushing higher Braking down channel pattern.
GBP is strong upp bullish in the short term
GBPCAD-This consolidation may lead to strong move upA couple false breakouts before end of the month with consolidation at daily support.
H&S buy opportunity GBP/CADPair retraced to 61.8% of last up move. It broke down trend line and in it is currently creating possible reverse Head & Shoulders pattern. This could be a good buy opportunity. Right shoulder hasn't been completed yet. 200 MA is providing support on Daily chart and I'm expecting another test of that support. If pair confirms that support I would buy pair at 1.7300-1.7310 with stop loss bellow left shoulder low (65 pips bellow) and take profit little bellow 61.8% retracement of this down move. In this scenario Risk to reward is 1:4. If pair fails to reach my entry point, look for entry at break of neck line with stop loss bellow shoulder and take profit at 61.8% retracement of down move. In this scenario risk to reward is 1:3
GBPCAD W5 Mar 2021GBPCAD
Long Setup
💪🏼 Price broke out of a corrective phase and descending channel. This breakout indicates a possible Wave-1 and a possible retest to occur for a Wave-2. Signs of rejections off the zones will provide for long opportunities.
Higher timeframes shows price is trading above the Daily and Weekly 200EMA with a Daily bullish engulfing. Weekly timeframe is plotted with a ABC movement to the upside with a complex correction of Wave-B. Starting of Recent bearish movement has brought us to the golden 61.8% retracement level.
2 targets in place:
TP1: Previous highs at 1.79000 (Fib Ext of 0.50)
TP2: 1.90000 (Fib Ext of 1.00)
