Buy FX:GBPAUD Price @ bottom of the Ascending Channel Counter Trendline Break .382 Fib Retracement of UP AB SWING StochRSI oversold Bulish Hammer Candle Stick Formation Take Profit: 5 Pip below 1.618 D Extension Stop Loss: 5 Pips below the lowest low/ AB Swing/ Also below 1.900 Support Level Risk Rewards: 1.3 Trade with Caution! I WILL BUY ONLY if price breaks...
FX:GBPCAD Another GBP pair with one eye @1.850$; Safe Trades;
FX:GBPCAD BAT: Point B: 38.2% to 50% XA Point C: 38.2% to 88.6% AB Point D: 88.6% XA Targets: TP1 38.2% AD TP2 61.8% AD Check previous post: Safe Trades;
GBPCAD Buy Idea After two false breaks this pair is creating a bullish convergence. We want to see a two wave pullback before going long to new highs. TP 1 1.8887 TP 2 1.90 SL 2 pips + spread below last low 1.85
Two bullish gartley patterns setup
LONG GBP/CAD from 1.8886 STOP 1.8881 TP - 200 sma on H1. Rationale. Manufacturing PMI numbers missed by a fair margin but GBP has gained across the board following a minor sell off - this is usually a strong BULLISH sign. Price has retraced on M1 back to the 200 sma and this is acting as support and as our STOP. Yesterdays high at 1.8892 is currently acting as...
Hi my friends, in my view GBPCAD have Bullish Trend, you can see that Technically Trend is High. Strong Support in Daily chart with Rising Wedge View,
I think there will be a break out to the upside for the GBP against the CAD. around the 2.05 mark there was once resistance which is now kind of a support area. There is a big pair of tweezer bottom candles on the 12th and 13th January. there is a long trend up - and some consolidation around the 2.06 point where I entered. Price forming into the point of a...
GBP/CAD is looking for support near Fridays low (1.9984) and looks poised to break higher. LONG from 1.9994 with a STOP under the low at 1.9979 is a very low risk trade with plenty of upside potential. The fundamentals make this a risky trade with stock markets recovering and commodity pairs doing better but
SUMMARY: The secondary trend of GBP/CAD is bullish on charts and price is trading above the trend line in its hourly chart. In hourly chart the price is sustaining above 50 day SMA and taking support of 200 day SMA indicating uptrend of the pair. It is having an important resistance at the level of 2.0175 and support at the level of 2.0015. If it breaks its...
GBPCAD has completed a bullish bat on the 15m TF. Zooming out to 1HR we can observe a double bottom forming at the PRZ. Two longer-term trendlines provide added support at this level. The daily TL also forms a potential bottom barrier of a triangle pattern where the first bottom serves as touch four. Targets are placed at structure high and 1.272/1.618...
There is possible long opportunity on GBPCAD. But price has to clearly break the structure to the upside. Then wait for a lower timeframe consolidation, before entry. The current move might be exhausted, as its quite an impulse right from the bottom. Trade with care.
A bullish Divergence has come up on the 1 Hr chart of the GBPCAD Supported by the 200 period SMA dynamic support. The pair is in a long term Uptrend
FX:GBPCAD Safe Trades; open.spotify.com
After break of trend line last week price came back to re-test the trend line which held up and now has pushed of it leaving a tweezer bottom candle formation in place which add too confluences. Also weve been getting higher highs and lower highs which clearly show bullish trend and momentum so for me i will be long on this pair Happy trading ;)
Last week, I announced the trade "GBPCAD Short again and" "CADGBP Clip - on trading!" At present has reached the target for 2, + 400 pips. This week I will work to update it.
Hi all, Took this trade last night when price was near 2.0400 where the price was also bouncing off of. and was channeling on 15M. But breakthrough and trended upward. I was already in with my rules of Channel Breakout setup. GBP News went out during London session and boom, 170 pips when I woke up this AM. I advanced my stop loss near 2.0505 to lock in some...
Still awaiting confirmation, but I may be taking a long trade once I see further confirmation. NEWS: Employment figures announcement at 13:30 UK time which may confirm or invalidate the trade.