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Gbpcadlong

GBPCAD: Reversal PointThis pair gave a clear sell-off signal at the resistance point. If you understand order collection and liquidity you should have been able to ride this wave down without an issue. This leads us to our next question, where is the reversal point? Similar to the price action found at the resistance, we can expect this at the support region. I have illustrated the potential liquidity grab before we see retracements on the bearish move. Leave a comment and/or message us on how we can improve and provide better content, we are open to suggestions to create a better experience for you! Keep in mind that the analysis provided is not 100% accurate and that you can never be certain of the markets. This information given is not financial advice, always do your own research. Thank you for reading, Cheers to many pips!
Short
by AlkalineFX
7
GBPCAD LONGAs we can see, GBPCAD broke the Lower trendline of an ascending channel on the H4, it bounced from the new support Level . We expecting a Bullish continuation to re-test the level listed on the chart. We taking this trade based on technical analysis and price action. Please use proper risk management depending on your account size, Use lot sizes based on these calculations. Here is a break down of your pip value in ZAR and Dollars 0, 01 = R1,43 / $0,10c 0. 05 = R 7,15 / $ 0.50 0.10 = R 14,3 / $1.00 1 Lot size = R 146,26 How to calculate Margin = (Lot Size * Contract Size)/Leverage, Lets say your broker gives you 1:500, and you open 0,2 size, How much are you exposing ? calculations : (0.2 * 10 000) / 500 = $4 (R58) also (1 Lot * 100 000) / 500 = $200 (R2 960) So, each time I open (1 Lot size, am exposing R2960 (Down payment) Remember, These are long term trades, It is advisable to have enough margin to handle the fluctuation of the markets. Please like and share for more useful content:
Long
by Pro-Trading-Africa
2
GBP/CAD:FUNDAMENTAL ANALYSIS+PRICE ACTION|NEXT TARGET|LONG 🔔🔔UK Retail Sales for July decreased 2.5% monthly and increased 2.4% annualized. Economists predicted an increase of 0.4% and 6.0%. Forex traders can compare this to UK Retail Sales for June, which increased 0.2% monthly and 9.2% annualized. UK Core Retail Sales for July decreased 2.4% monthly and increased 1.8% annualized. Economists predicted an increase of 0.3% and 5.7%. Forex traders can compare this to UK Core Retail Sales for June, which increased 0.3% monthly and 6.8% annualized. UK Public Sector Net Borrowing for July was reported at £9.620B and UK Public Sector Net Cash Requirements at -£2.290B. Forex traders can compare this to UK Public Sector Net Borrowing for June, reported at £20.730B, and UK Public Sector Net Cash Requirements, reported at £11.193B. Canadian Retail Sales for June are predicted to increase 4.4% monthly, and Canadian Core Retail Sales are predicted to increase 4.6% monthly. Forex traders can compare this to Canadian Retail Sales for May, which decreased 2.1% monthly, and Canadian Core Retail Sales, which decreased 2.0% monthly. The forecast for the GBP/CAD turned bearish for the short-term after extending a powerful rally. Traders should prepare for a minor sell-off, but the long-term uptrend is intact, and price action can move higher. Positive trends also exist in the Ichimoku Kinko Hyo Cloud, and after this currency pair corrects into it, an extension of the advance is likely to follow. After the stochastic accelerated into extreme overbought territory, traders should await a pullback and remain patient. Can bears pressure the GBP/CAD into a correction before bulls resume their stampede higher?
Long
by FOREXN1
1