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Gbpcadlong

GBP/CADHello traders, a breakout of the wedge pattern will give us a good long entry. Take profit 1.7141 FX:GBPCAD If you agree with my ideas put a like and feel free leave a comment to link your trading ideas. Follow me for weekly analysis of swing trading support/resistance , fibonacci retracements, COT data. For informations feel free to contact me. Thanks for your support and let me know what you think! My analysis are for educational purposes only, and in no way represent a solicitation to invest in the financial markets. Compare them with yours and make a decision.
Long
by AidiDuhanxhiu
GBPCAD Analysis. What to expect???As of now, I am seeing a nice BULLISH opportunity for GBPCAD. We witnessed 2 rejection off 1.6985 price level signaling to us that BEARISH strength is weakening. Not only that, looking at price action BEARISH candles are not showing any form of BEARISH continuation. I will expect to see a 50.0 fib level retracement as of now where we can see price movement moving towards the ichi cloud. As of now, I am seeing a LONG opportunity but do look out where price heads towards ichi cloud. No direction is confirmed as of now till we see a clear breakthrough or price rejection off that level. Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!!
Long
by YGForex
GBPCAD BULLISH TRENDHI, I THINK THAT GBP/CAD COULD BE HEADED TOWARD THE UPSIDE. THE PRICE IS OVEREXTENDED TO THE DOWNSIDE = RETRACEMENT/BULLISH TREND START. THE CANADIAN DOLLAR IS ALSO PRETTY WEAK SINCE THE BEGINNING OF JULY & I THINK THAT THE BRITISH POUND WILL REGAIN POWER THIS WEEK. THE H12 DEMAND ZONE IS ALSO LOCATED ABOVE A STRONG DAILY SUPPORT, THAT'S WHY I THINK TO WE COULD SEE A NICE MOVE TO THE UPSIDE FOR THAT PAIR. ON THE COMMITMENTS OF TRADERS REPORT, INSTITUTION ARE LONG ON GBP & SHORT ON CAD. CORBEAU
Long
by Corbeau_FX
GBPCAD LONG PRICE ACTION FORECAST After getting a strong bounce from the support level, the price action shows bullish momentum, expecting upward movement continuation. A long entry could be set after the retest of the critical level. Fundamentally speaking, it worth to mention the bearishness in the black gold commodity is impacting the Canadian dollar across the board. The order: Type: buy-limit S/L: 94 pips - R:R | 1:3.5 - T/P: previous swing high -- *** If you like the idea, don't be shy, click on like and comment. If you disagree, just comment ;-) | Thanks for your support!!! ***
Long
by OGFXTRADER