OANDA:GBPCAD BUY FROM 1.6070 SL-1.5860 TP1-1.6710 TP2-1.7300
Shorting opportunity with low risk, possible RR of 1:4 or higher depending on your own analysis and projection of price. 60 pip stop loss and 250 pip target minimum. Use your own trailing stop plan if this trade takes off. Momentum and daily structure is behind this short. Price could swing up and take out the stop loss in order to grab sellers but based on...
GBPCAD is approaching Trend Line Resistance which has stopped the price multiple times. So, traders can look to sell GBPCAD at 1.7467-1.7480 area with SL above 1.7520. TPs can be set at 1.7400 and 1.7350 area. This is a low-risk set-up. For real-time FREE SIGNALS, check my signature(link)at the bottom of this page.
One more leg down off the mid Bollinger.
GBPCAD NECKLINE SHORT Bat Pattern with Head and Shoulders Pattern
A lot of 4h divergence. This could play both way, but is a critical level. If impulse to the downside starts, then we could have a really big movement on Daily
Hey folks, We have also entered GBPCAD long as we had a confirmed intra day 50/50 bounce. Again we have a 1:1 RR (not the best I know) but our stoploss is very unlikely to hit as we kill the trade once price closes BELOW 13 EMA. Let's see how this works out :)
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
GBP/CAD has made a double bottom (albeit imperfect) and a new high as well. Price has come back to re-test the previous high and looks likely now on the lower time frames (D, 4H) as well to push up.
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please comment below and Like if you agree with my analysis.