EURNZD. False breakout on this pair and had a really good entry. Would like to see this pair hit shaded area and ultimately keep moving lower. Price has been supported by minor trend line and is making bearish wedge pattern into previous major trend line support. Also 4H engulfing so shorts should not be an option right now. Need price to move higher to looks for...
ENTRY: 1.69550+- TP: 1.69000 TP2: 1.68500 TP3: 1.68000 TP3: 1.67600 SL: 1.70350 Chart time frame - W Follow, Like, Share or Comment Thanks on supporting! All best!
Price of GBP/CAD approaching bottom of upside channel. We should soon see an impulse to the upside back to the 200 MA, 1.7205. Non Commercials are sill positioned long on GBP. As for CAD, situation is slightly neutral. Price correction to the upside of USD/CAD pair has already started, which means further confluence for the analysis. Short term we want to see...
We have seen a decent correction in GBPCAD over the last few weeks. However, price action indicates that things might turn around very soon. I believe a reversal is on the way for GBPCAD. Technically, a) Price is finding support at the 100D EMA. b) A descending wedge formation is taking place. So, I will be looking to go long in the 1.6850-1.6950 zone with SL...
GBP is currently a weak currency with weak data so shorting against a stronger currency CAD (strong data and monetary policy is neutral).
Price is above the 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and good RRR. BO Entry = 1.7077 Stop = 1.7052 Risk = 25 pips Profit target = 1.7177 Reward = 75 Pips RRR = 3 - 1 I would appreciate if you leave a comment or like as a thank you Have a Great Weekend!!! Allen
We are in a range according to the 4hr. According to the monthly and weekly, We are in the middle of a bear run. This range is several days long so far, so we are waiting for a breakout trade for this one to be active. Don't know when that will happen. So you can range trade until it breakout, or you can wait until it's free. Your choice. BEAR TPS: •...
ENTRY: 1.70900+- TP: 1.80200 TP2: 1.80500 SL: 1.70550 Chart time frame - 1D Time for reaching TP - 1-2D Follow, Like, Share or Comment Thanks on supporting! All best!
We have a nice up move in this pair, so we will look to get in on a pullback. This is an MA trade with a High probability and Good RRR. Entry = 1.7074 Stop = 1.7054 Risk = 20 pips Profit target = 1.7134 Reward = + 60 Pips RRR = 3-1 **Once this trade is up + 25 pips, move your stop to breakeven and let it run I would appreciate if you leave a comment or like...
GBPCAD is based on major uptrendline on h4 Price retested broken downtrendline on h1 and then reverse with strong bullish movement Price is above Moving Average 100 and based above HVN at level 1.7065 RSI is in uptrend It's to expected to target the 61.8% fibonacci level of bearish wave at level 1.7472
In the video our lead trader, Denis Popivoda, explains a trading plan of this initially swing trade, that might be compounded into a day trade (and swing trade).
I'll be honest here. I got excited GBPs became bearish. The target goal if it continues down is around the 1.67490 if it can keep the swing going. Otherwise, It can break this trendline and continue to keep going bullish once it breaks through the daily SR zone. Target for the bull this week. Is 1.71800 BEAR TPS: From the trendline… • 1.70611 •...
Price is below the Daily, 60 and 15 KS as well as the cloud, Our Four Horseman. This is a Type 1 trade with a High probability and good RRR. BO Entry = 1.7021 Stop = 1.7046 Risk = 25 pips Profit target = 1.6946 Reward = 75 Pips RRR = 3 - 1 I would appreciate if you leave a comment or like as a thank you Allen Since I have had several more traders inquire...
Welcome to our weekly trade setup ( GBPCAD )! - 1 HOUR Bullish reaction to previous support zone. 4 HOUR Price action too slow to break back to the upside. DAILY We need a pullback to the downside first, good short entries! - FOREX SETUP SELL GBPCAD 1ST ENTRY @ 1.72030 2ND ENTRY @ 1.72620 (wait for trigger) SL @ 1.73660 TP @ 1.70240 RR: 1.1 / 2.35 Use 0.5%...
As we have given Buy Signal for GBP/CAD in our T. channel at 1.71796 CMP at 1.72140 Target 1.73500 SL 1.70900 34 Pips Running
Entry, stop and target mentioned on chart.