Gbpcadsetup
GBPCAD Buy signal setupHeres my analysis on GBPCAD before the week gets started.
enjoy a free signal.
trade at your own risk.
BUY
Symbol: GBPCAD
Entry: 1.7555 (Buy Limit)
Best Entry: 1.7485 (Buy limit)
Stop Loss: 1.744 (-115 to -45 pips from B.E.)
Take Profit: 1.767 (+115 to +185 pips from B.E.)
Take Profit: 1.776 (+205 to +275 pips from B.E.)
GBP CAD wait for BIG move (long term)Hi fellow traders,
GBP CAD is in deeper correction right now and forming wave B. It will keep going down till at least the 31st of January. After that we are getting a big reversal to the UPSIDE! We could see this big wave on the weekly on all GBP pairs.
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Thanks! :)
GBPCAD Analysis: Price at the resistance line of channelIn daily TF, price has been following a falling channel since January 2018 and has now come to test the resistance line once again.
It doesn't manage to break it and bounces off, then it will be a good sell entry. Keep monitoring it for any signs of rejection.
GBPCAD 240MOnce price reaches the third red line down, it is likely to drop fast, as in a full momentum completion. This 4 hour setup will probably make a jump down before many have time to enter, so putting entry short lower on my projection to account for opening volatility if there is any. It`s possible to break this down further on the 1H and 15M chart, but that would be for more precision entries, watching price all day kind of thing, which is useful, but not necessarily needed. A lower time frame entry might decrease stop value but could also stop you out before the trade has time to work out.