GBP/CAD went the same as we planned, now the question is whether it will break the structure around 1.74800 area, or will continue down to a deeper retest towards 1.71800 area. But since bad news is expected for GBP next week, and for CAD was good past week, I think it will definitely go for a deeper retest.
Trade Setup summary: Profit targets=14920 pip (750 + 1230 + 2690 + 3850 + 6400) Stop Loss =3000 pip Reward/Risk > 4.9: 1 Current Status: Total Profit: 3588 pip Closed trade(s): 1980 pip Profit Open trade(s): 1608 pip Profit Trade Setup: We opened 5 BUY trade(s) @ 1.74050 based on 'previous Forecast' at 2020.08.05 : ...
Welcome to our weekly trade setup ( GBPCAD )! - 1 HOUR Market about to turn bearish.. 4 HOUR Bearish price action and pressure formed, good short entries! DAILY Overall bullish market about to break back towards previous lows. - FOREX SWING SELL GBPCAD ENTRY LEVEL @ 1.74750 SL @ 1.76470 TP @ 1.72060 Max Risk. 0.5% - 1%! (Remember to add a few pips to all...
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (1.7405). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPCAD is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. ....
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (1.7405). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPCAD is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. ....
Hey, I am back with another Short setup with GBP. Looking at GBP/CAD, which has broken the uptrend line is going towards 1.72900 - 1.73000 area. Ideal short entry ( My entry level ) 1.73399. Good luck with trading!
I expect it to start moving up from the support zone, I have 2 targets Please support by leaving LIKE
📌Short intro: I am full time trader - analyst * High accuracy of ideas * Technicaly and Fudnamentaly side in analysis * Comment if have any questions or want to send support * Price action - FIBO - Candl pattern * FX - STOCK - CRYPTO * Simple ideas 💡 GBPCAD technically based idea, we can see price is bounce from bottom trend line, technicaly indicators...
🔸 4H CHART EXPLANATION: . . 🔸Price bounced at the Weekly Ascending Trendline. . 🔸It has broken the Descending Trendline and the Resistance Zone. . 🔸We consider that it has potential to make an upside move towards the Resistance Zone at 1.7700 . . 🔸 Will look for a lower timeframe bullish setup. 🔸 DAILY CHART ANALYSIS:
GBPCAD has recently broken and closed above a key daily level. now the price retests that level. on 1H we see a falling wedge pattern. bullish breakout of that (1h candle close above) will give us the perfect opportunity to catch a bullish movement. initial target: 1.7245 safest stop is below the last low within the wedge. if the market breaks the support...
Price is approaching support where we could see a bounce above this level.
Price is approaching support where we could see a bounce above this level.
The pair is currently bearish with GBP being very weak today. As you can see in my chart, price : - broke the flag downards - is below the daily pivot level - is below all EMA I am targeting the next fib level @ 1.70140 levels. It's a 35-pip trade. Check out my past analysis! Trade at your own risk
BULL CROSS ON THE HORIZON VERY BULLISH MOVE AHEAD !!!!