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Gbpcadshort

💡Don't miss the great sell opportunity in GBPCADTrading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (1.7338). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . GBPCAD is in a downtrend, and the continuation of the downtrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 32. Take Profits: TP1= @ 1.7266 TP2= @ 1.7239 TP3= @ 1.7188 TP4= @ 1.7145 TP5= @ 1.7094 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity
4
GBPCAD SHORTWe took this trade based on technical analysis, There is a strong bearish candles formation on the H4 and Daily Time Frame, Our technical indicators are showing we can expect a bearish continuation, Our take profits are drawn from the FIB. Please use proper risk management depending on your account size, Use lot sizes based on these calculations. Here is a break down of your pip value in ZAR and Dollars 0, 01 = R1,43 / $0,10c 0. 05 = R 7,15 / $ 0.50 0.10 = R 14,3 / $1.00 1 Lot size = R 14,26 How to calculate Margin = (Lot Size * Contract Size)/Leverage, Lets say your broker gives you 1:500, and you open 0,2 size, How much are you exposing ? calculations : (0.2 * 10 000) / 500 = $4 (R58) Remember, These are long term trades, It is advisable to have enough margin to handle the fluctuation of the markets. Please like and share for more useful content:
Short
by Pro-Trading-Africa
GBPCAD Making Nice MovesI already took profits on the long trade here, but we are in a downtrend and I believe we may respect it as we have recently come out of a very tight channel and volatility has kicked up, we have only taken out the swing low once and had one retest, but I am imagining a similar outcome, watch out for that bottom blue line when setting up profit targets, that's the support that will likely be a very strong support. Im taking the short once I see a bearish reversal, not bothering with MAs or oscillators here as the price is a bit messy, just good old price action.
Short
by DB4G