BUY GBPCADOANDA:GBPCAD Looks pretty bullish. Looking for long entry at 1.7246 my stops at 1.7200 and targets above 1.7421. Use proper money management. All the best my friends.
Longpound
Sterling GBPUSDpound was hammered last week bcz of the new restrictions of PlanB from Boris which will cost the government 2 billion pound.
this news removed from the table the potential higher interest rates this week, however we still see some minor pullback before any continuation might happen. good luck
GBP_NZD_4H_LongThe long position is taken – 4H -Daily timeframe I checked and last day candle barriers are HL and HH, in 4H also I see the start of a movement from a 4H demand zone, although price broke an ascending channel it was above a fat ascending komu. Also in lower timeframes, I see HL and HH. I enter the long position and the TP is last week High.
R/R = 1:1.1
GBPAUD take off?? I think GBPAUD is about to take off.
Price appear to have formed a bullish flag on the 4hour time frame, and made a break out.
This is looking like a swing trade. If you go take a look at the weekly chart, you will notice that price was in a retracement for the pass 2-3 weeks. Price found support and is now making a push to the upside.
BUY GBPUSDMy friends so far so good. GBPUSD is at 1.3868 wait for this price to drop to 1.3810 before buying. Price will shoot all the way to 1.4000. Use proper money management
Tight stops as always.
Potential Long Position GUArea of interest, price has tested the support trend line and rejected it on lower time frames. Price is at an area of confluence due to support and resistance trend lines and 200EMA indicating an area of value. Moreover, it is still bullish according to the 200EMA (Daily). However, fundamental analysis may indicate pound weakness due to Brexit negotiations reaching significant stumbling blocks and NHS workers striking. Furhermore, Dollar may be gaining stregth due to what seems to be a potential second spike emerging globally (France recording highest cases on record and India hitting 100,000 daily infections) indicative of liqudity shifting to the Dollar. Acting as a safe haven. Overall, strong confirmation must be shown before entering a long position on this trade as there is potential for a complete breakout of the current market structure which would offer selling opportunties. Either way, this area of confluence will likely offer good trading positions with a good R:R.
