Welcome to our weekly trade setup ( GBPCAD )! - 1 HOUR Very bullish price action right now 4 HOUR Might be the last sellers takeout before dropping back to 1.70500! DAILY Bearish waving market at structure top, great short entries! - FOREX SETUP SELL GBPCAD ENTRY LEVEL @ 1.72420 SL @ 1.73350 TP @ 1.70540 RR: 2.0 Use 0.5% risk! (Remember to add a few pips to...
FX:GBPCAD
GBP/CAD Trading Plan BUY - Riks Reward 1:2 (Low Probability)
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.7125). 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 downtrend is expected. . The price is below the 21-Day WEMA which acts as a...
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.7125). 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 downtrend is expected. . The price is below the 21-Day WEMA which acts as a...
GBPCAD retested uptrendline on H1 frame False breakout occurred at support level 1.7199 then price rejected with strong bullish movement Pair is above HVN at level 1.7212 which indicates power of bulls Above Moving Average 100 MACD shows bullish momentum RSI is in uptrend It's expected to target first key level at 1.7350 then going up towards supply zone at level 1.7480
PAIR IN FOCUS: GBPCAD PLAN: LONG ENTRY: 1.72600 STOP LOSS: 1.72100 TP 1: 1.72970 TP 2: 1.73230 TP 3: 1.73570 REMEMBER TO MANAGE YOUR RISK!
The bloc could reportedly try to move the clearing of euro contracts from London to within the EU and may also move to withdraw concessions it made to Britain in the MiFID 2 financial regulations. Official negotiations will kick off on March 3, but press briefings and leaks suggest talks will be tough.
Just took profit off the breakout-trade.. now anticipating a cool-down phase as indicated only to hop on it again when the tides turn - GOOD LUCK YALL!
GBPCAD - Long off the 0.618 Fib GBP is still strong again the CAD and in an upward trend even with the big GBP sell off after comments form Boris on UK trade deals Still waiting for an Entry signal however
CHF index shows it's about to reverse to the downside (weaken). This plays well with this scenario. EUR index bullish and weak CHF means EURCHF will rocket.
Price is above the Daily, 60 and 15 KS as well as the cloud. All of our 4 Horseman are aligned. This is a Type 1 trade with a High probability and good RRR. BO Entry = 1.7313 Stop = 1.7293 Risk = 25 pips Profit target = 1.7391 (Daily Senkou A) Reward = 78 Pips RRR = 3 - 1 I would appreciate if you leave a comment or like as a thank you. Have a Great Weekend!!! Allen
GBPCAD sell@1.71035 SL@1.70379 TP@1.73033 Being bullish on the pound has been a good choice almost at all times for the last months. Last weeks it retraced a bit, then some range, and now a little impulse (green). The 50%-60% zone + 200EMA gives a good entry point, with extremely good Risk/Reward ratio. Since it is currently going down with force, it could very...
ENTRY: 1.71100+- TP: 1.70750 TP2: 1.70500 TP3: 1.70300 SL: 1.71600 Chart time frame - 4H Time for reaching TP - 1-2D Follow, Like, Share or Comment Thanks on supporting! All best!
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. Please like if you thought this chart was helpful in any way, Thanks! :)
This is a flag formation that's not complete yet. I decided to check the lower timeframes to see how price may respond to the daily level below. So far, I like the chances of it continuing to be bullish. Of course, I have TPs in place just in case it won't pop off like I'm looking for. Whatever man. As long as I can trade from a good setup, I have no issues where...
GBPCAD to me still looks bearish. Sticking with the GBP bearish bias this week. Things to look for: Strong support (black horizontal line) Where the market opens - If the market opens above the trend line then we could have a bias change but as is on the frozen chart - bearish Please leave a like and a follow so you never miss any of my ideas in the future I'm...