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Gbpcadsetup

GBPCAD ON THE VERGE OF A REVERSAL?!**ENG** - Price breaking our consolidation box and is now heading for a retest, we are expecting more downside after this same retest, wait for an entry confirmation before entering, look at the lower timeframes (such as 15min). **PT** - Preço a quebrar a nossa box de consolidação e está de momento a caminho de efetuar um retest, estamos à espera de um drop maior este mesmo retest, o ideal será aguardar por uma confirmação de entrada em timeframes inferiores (assim como 15min).
by Wevesting
GBPCAD | WEEKLY FORECASTA similar scenario with GBPJPY: after hitting a Double Bottom in June 2020, The Pound began to build a Reversal structure this month (July 2020) as it Breakout of the neckline (1.69750 level) last week. Tendency: Temporary Uptrend ( Bullish ) Structure: Double Bottom | Support & Resistance Observation: i. Our Double bottom describes a change in trend which emphasizes a momentum reversal from prior Bearish price action. ii. A Breakout off of respected Resistance Key Level (since mid-June 2020) in the latter part of last week. iii . Expecting a Trend continuation after completion of Retracement of Impulse leg that led to Breakout of the neckline. NB: A Breakdown of 1.67700 might render this setup invalid Trading plan: BUY confirmation with a minimum potential profit of 350 pips. Risk/Reward: 1:2.5 Potential Duration: 1 to 7 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and NFTI takes no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level and consult your independent financial adviser as to the suitability of your situation prior to making any investment. NFT&I does not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
GBPCAD Sell signal setup 3hEnjoy a free signal before the week gets started Feedback, Likes, comments, and shares would be appreciated. GBPCAD Sell Limit: 1.7150 (Best entry takes the most patience) Stop loss: 1.7250 (100 pips risk) Take profit: 1.6680 (470 pips reward) Risk: 1% to 3% of account (recommended) Reward/Risk: 4.70 (470/100) Sell Stop: 1.7075 (Only when market goes above this price will you be able to execute this order or you can use a sell limit) Stop loss: 1.7250 (175 pips risk) Take profit: 1.6680 (395 pips reward) Risk: 1% to 3% of account (recommended) Reward/Risk: 2.26 (395/175)
Short
by maliekevans