GBPCAD - FOREX - 07. NOVE. 2019Welcome to our weekly trade setup ( GBPCAD )!
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1 HOUR
Bearish pressure and short term price action.
4 HOUR
Sideways moving market structure with several pullbacks.
DAILY
Overall bullish market conditions, filling long positions with good risk reward!
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FOREX SETUP
BUY GBPCAD
1ST ENTRY @ 1.68600
2ND ENTRY @ 1.68010 (wait for trigger)
SL @ 1.66960
TP @ 1.70390
RR: 1.1 / 2.35
Use 0.5% risk per Entry!
(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
Gbpcadlong
GBPCAD - FOREX - 29. OCTO. 2019Welcome to our weekly trade setup ( GBPCAD)!
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1 HOUR
Bearish market open this week.
4 HOUR
Great long entries at our support zone and price action turnover.
DAILY
Bullish waving market with several pullbacks, looks like we need a turn now!
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FOREX SETUP
BUY GBPCAD
1ST ENTRY @ 1.68060 (wait for trigger)
2ND ENTRY @ 1.67350
SL @ 1.66090
TP @ 1.70190
RR: 1.1 / 2.35
Use 0.5% risk per Entry!
(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 - RSI Over Sold on Daily ChartThe pair is standing near the price level (1.6360) and hit the low for the week of October 2017.
Tomorrow all traders are waiting the strong data for the both CAD & GBP and we can expect more new low near the level 1.6060.
My view per to the both Daily & Weekly Charts this is a good area to start the long buy GBP/CAD because the Weekly Chart should go up again and mark up a resistance near the level price (1.6850) then can continue going down again.
To find more about my trading plan includes the entries and targets, please visit the page
(Markets Forecast) on the site NAJJAR INVEST - Accurate Forex Signals
GBPCAD LONG IDEA-The 1W chart shows a re-test of the support TL on this triangle pattern. This shows that there is a lot of selling pressure and bears are in control.
If you look at price in the circled area, you can see that as price increases, the retracements are strong/deep; showing that if price were to continue higher, the bears will come back and drive price back down again:
-The 1D chart is what you're seeing right now. The exchange rate continues to close above the 61.8% zone on the Fibonacci, which would form the assumption that price is likely to rise to around 1.66920 on the C-D wave of the Harmonic pattern before turning to go south. Numerous tests of the support TL further support an increase in GBPCAD.
Now as, this is a bearish harmonic pattern we would be looking to short as we reach that 1.66920 area. This is inline with my thoughts on the weekly timeframe, (retracements are deep and therefore bulls will be stopped as we find resistance).
Please feel free to comment, tell me your thoughts and what you think!
GBPCAD - End is comingANALYSIS ON GBPCAD
Welcome to my analysis
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1 Hour Chart
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Interesting Point of interest In the GBPCAD pair.
- Price still above 200 day EMA.
- Expecting more upward momentum.
- MACD showing bearish divergence so watchout.
- TOP FOR SELL
Trade carefully, buy pullbacks.
Stay Tuned
GBPCAD approaching support, potential for a bounce!
GBPCAD is expected to drop to 1st support at 1.62417 where it could potentially react off and up to 1st resistance at 1.63444.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.