Gbpcadlong
Potential Massive GBPCAD Bull Run!Bouncing off of the 0.5 Daily Fibonacci level, GBPCAD is trading between major support and resistance zones. It is also respecting fibonacci levels on the hourly, and 15 minute timeframes, all with the same bullish momentum. In the very soon short term, I believe there will be a minor retracement to the 73750 level, and a continuation up to the 74217 level breaking the 0.382 Daily fibonacci level. Just an idea.
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GBP/CAD going higher💡Hello traders,
Hope you all have a fantastic day !
I would appreciate any likes and follows from this idea, that would encourage me to publish more ideas and analysis.
GBP/CAD has break above previous resistance line and now will become new support and push price higher to continue general uptrend.
Let us know what you think about this idea.
Trade safe !
GBP/CAD could move UP!Hey tradomaniacs,
GBP/CAD could create more bullish momentum with the break above the marked up resistance and the current correction.
Keep in mind that market can be shaky due to ECB and FED Monetary Policy Meetings this week.
Also look at correlations with OIL and CAD before you consider to buy. ;-)
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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GBPCAD - SWING - 18. AUGU. 2020Welcome to our weekly trade setup ( GBPCAD )!
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1 HOUR
Market turned bullish right now.
4 HOUR
Strong pressure and price action..
DAILY
Overall bullish market in bearish downtrend, good long entries!
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FOREX SWING
BUY GBPCAD
ENTRY LEVEL @ 1.73420
SL @ 1.72520
TP @ 1.74750
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
GBPCAD !! Will it find support for Uptrend ?The bullish trend line broke, but the region that it broke is strong support zone, the trend broken from this region gets support and strengthens so we set our risk and profit rate logically, we will watch and see.
Please like the idea for Support & you can share your ideas and charts in Comments Section .. !!
Nice Rejection For GBPCAD... What now?Before we start with this analysis, do check out my previous GBPCAD. (Link Below) For those who took a look at that analysis, this analysis will be a continuation from the previous analysis. We saw the fall to 61.8 fib level (also a support at 1.7260) and today's candle we can see a nice rejection off this level. I will be seeing a BULLISH continuation after this retracement to 61.8 fib level. Next level I will be looking at is 23.6 fib level with a nice resistance level @ 1.7492. If we were to see a breakout off that level, a BULLISH continuation is definitely possible. Therefore, do keep a look out at 23.6 fib level when you long this pair.
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LONG ON GBPCAD ABOVE 1.73316Current downtrend may be coming to an end. If price opens above the 1.73316 level. I'm looking to go LONG into a higher TF BULLISH TREND on GBPCAD.
LONG GBPCAD @1.73316
TP1 @1.73620
TP2 @1.73819
TP3 @1.74328
I use ATR as a sliding stop loss.
GOOD LUCK TRADING!
BE PATIENT!
DONT TRADE BLINDLY!
LOVE WHAT YOU DO!
TRADE WITH THE TREND!
GBPCAD, daily timeframe, 5th wave of Elliott Wave (2nd)Hello my friends,
Previously i have analyzed GBPCAD and managed to enter exactly on the 38,2 fibonacci retracement of wave-3.
I entered exactly on fibonacci 38,2 retracement because the 4th wave usually only retrace around 23,6-38,2 fibonacci retracement.
For those who didn't entered GBPCAD on my 1st entry, there is a possibility to enter again here at 1.7450
Buy GBPCAD 1.7450
Stop loss 1.7300
Take profit 1 @ 1.7675
Take profit 2 @1.7875
Disclaimer: I've been buying GBPCAD from 1.7395 and still holding
Good Luck