Gbpcadlong
GBPCAD BUY OPTION FOR SWING TRADE.GBPCAD BUY OPTION FOR SWING TRADE.
Please manage your risk. Use Stop loss. And do not take blind entries.
If you have a question let me know. If you want to analyze any pair let me know.
This is just an idea. What we see.
The Market can go in the opposite direction, what we analyze. So we have to manage our risk and adopt the situation accordingly.
GbpCad outlookGbp is on the run with all its counterparts...
In GbpCad case, 1.7 zone is very strong support with the pair putting in a double bottom here.
Now GbpCad is trading in the confluence of neckline resistance and descending trend line.
I expect a break and Gbp should accelerate gains towards 1.72 measured target and horizontal resistance.
I will try to buy dips for a good R:R
GBPCAD BUYJust another idea related to GBP. Seen this pair in a downtrend for a while but I saw bullish divergence on higher TF I am holding from near the bottom again but still looking for another runner after a retest. Should be a bit more in this move up! TP’s are listed. Place stops on levels of support. Do your own TA too!
GBPCAD long trade ideaPlan: wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
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GWBFX
GBPCAD signal (LONG)Hello friends.
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Everything on the chart.
open pos: market
targets: 1.7 - 1.71 - ~1.716
after first target reached move ur stop to breakeven
stop: under ~1.683 (depending of ur risk). ALWAYS follow ur RM .
Good luck
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GBPCAD | DAILY | LONGLooking for a drive to the upside on GBP, as there has been excessive selling pressure with strong buyers on the dip. Easier to take this trade in the European market for Liquidity
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Strong: None
Weak: CAD
This trade is invalid after 29/06/2020 @ 9 pm BST.
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GBPCAD - SWING - 24. JUNE. 2020Welcome to our weekly trade setup ( GBPCAD )!
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1 HOUR
Bullish week closed above main sr level.
4 HOUR
Expecting another push to the upside.
DAILY
Overall bearish market about to turn, good long entries!
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FOREX SWING
BUY GBPCAD
ENTRY LEVEL @ 1.69160
SL @ 1.67710
TP @ 1.71270
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN