GBP CAD losing momentum on weekly if its done retracement which looks like it is from weekly candles it can pull up into a wave 3 with massive move potential
1. RR is good 2. EMAs looking strong both on 4hrly and 1hrly 3. TDI is in the buy zone with RSI above trendline 4. Price action show bouncing on Structure 5. Hourly chart showing good price action as well Good setup, depending on price action might leave it over the weekend.
Pivot shifted up to confirm long position analysis.
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GBPCAD is based above HVN at level 1.7040 which indicates that pair is in accumulation phase MACD shows weakness in bearish momentum RSI is above level 50 we r waiting price to exceed key level at 1.7140 to open long trade It's expected to target first resistance level at 1.7280 then finally target supply zone at level 1.7700
Hello, my fellow traders, hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis. As we can see, the price is inside ascending triangle, possible breakout will be upside. Let us know your views on this in the comment section. Thank you all. There is...
SELL GBPCAD start: 1.71225 stop loss: 1.71525 take profit: 1.70543
Hello! The price of the British pound has overcome a key level and begins to rise to the target. Good luck to you! If you liked this idea, please like and subscribe to my profile. This idea does not provide the financial advice.
Pattern: Triangle on 1D. Signal: Bullish as: a) the MACD made a Bullish Cross, b) the price broke above both the 1D MA20 and 200. Target: 1.7600 (below the Symmetrical Resistance). Make sure to book profits if you see the price struggling on any of the two Lower Highs trend-lines. ** Please support this idea with your likes and comments, it is the best way to...
Welcome to our weekly trade setup ( GBPCAD )! - 1 HOUR Strong waving market back at range mid. 4 HOUR Overall good price action and break below main sr level. DAILY Expecting another push to the downside towards previous lows! - FOREX SWING SELL GBPCAD ENTRY LEVEL @ 1.70040 SL @ 1.70750 TP @ 1.69030 Max Risk. 0.5% - 1%! (Remember to add a few pips to all...
GBP CAD
Buying opportunity after breaching the upper side of the triangle at 1.7109 Buy targets 1.7380 and 1.7658 It is possible to sell if the buying pattern fails after breaking the uptrend and the triangle at 1.6882
GBP CAD has hit back above our 4 hour key level Now is the time to long to upside potential
gbp cad stopped at first attempt - we wait to regain the key level to long again
Everyone is waiting for what the OPEC and non-OPEC allies meeting will come out today 6/06/2020. So then they agree to reduce production or increase the rate of production reduction, it will be a strong support for oil prices and thus will support the rise of the Canadian dollar. And If there is no agreement ,the petroleum price will descend, and therefore it...