GBPCADno signal and dont trade please with my analysis
just my opinion in GC
the momentum in down its important
Gbpcadlong
GBPCAD long setup here is my long setup on GBPCAD
we about to start new wave for up
in the chart you can see my entry setup and its SL
good luck !
GBPCAD - Bullish BiasGBP - Strong Bullish
1️⃣ The decline in infection cases and the easing of restrictions in the UK support demand on the GBP.
2️⃣ Preliminary readings show that the UK economy grew by 4.8% in the second quarter, recovering from a 1.6% contraction in the previous period.
3️⃣ The UK unemployment rate fell to 4.7% from 4.8%, while employment rose 95K in June.
4️⃣ The UK inflation rate is expected to increase in July as the price component in both the manufacturing and services sectors increases sharply.
CAD - Strong Bearish
1️⃣ The risk-off environment and further decline in crude oil prices depressed the CAD.
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Technical
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We are buying the GBPCAD after the price breaks resistance.
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Risk to this trade
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Any change in sentiment could turn the pair's direction.
GBP/CAD LONG TRADE IDEAThe uptrend remains in place, and I believe the slightly corrected rally will continue this week.
A signal for a trend reversal will be a breakdown of the price below 1.72600
GBPCAD - Bullish BiasGBP - Weak Bullish
1️⃣ The decline in infection cases and the easing of restrictions in the UK support demand on the GBP.
2️⃣ Preliminary readings show that the UK economy grew by 4.8% in the second quarter, recovering from a 1.6% contraction in the previous period.
CAD - Strong Bearish
1️⃣ The risk-off environment and further decline in crude oil prices depressed the CAD.
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Technical
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We are buying the GBPCAD after its break the resistance of 1.73750.
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Risk to this trade
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Any change in sentiment could turn the pair's direction.
GBPCAD BuyThe market made bullish engulf candle on the Friday with the support of 200EMA. A strong indication of further upside.
GBP/CAD LONG TRADE IDEAGBP/CAD Signal
Market Buy: 1,73490
Stop-Loss: 1,72900
Target 1: 1,74100
Target 2: 1,74910
Stop-Loss: 59 pips
Risk: 0,5%
Risk-Reward: 2,4
GBPCAD LONGI anticipate for a Possible BUY at the Trendline, Historic price Action has shown that Price always bounce at the trendline.
GBP/CADBUY: GBP / CAD
SL @ 1.73680
TP @ 1.75180
Max Risk: 2%
(When calculating, do not forget about different spreads from Brokers)
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Have a good week to everyone
GBPCAD PULLBACK BEFORE CONTINUATION?Just as our last analysis clearly stated, we saw price bounce right off the bat, making some good returns for us.
Now, we expect some sort of pullback before a continuous rally to the upside.
We remain in this trade, looking for scale-in opportunities to continue with this trend. Trade the trend with us. Trade Safe.
gbpcad longgbpcad buy :
Reasons :
1)my ema lines gave a divergence
2)possible uptrend for a week
3)nice naked candle had been given yesterday and todays candle will be the perfect entry point for atleast 70 pips
take profit : green line
stop loss : it depends upon you ,if you are scalper keep it 10 pips below todays candle
if you are swing trader keep it 5 pips below yesterdays candle
Wait for buy signal at support zone with GBPCADH1 time frame.
Structure: 5 wave impulse, uptrend.
Wait for retracement to support zone at 1.73500 and Price Action signal to buy.
Target is next resistance at 1.75500.
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Wish you all have a good trading day!
GBPCAD ANALYSISThe 4hr and hourly timeframe still suggest a bullish trend on this pair.
After the last bullish move, we can witness corrections into the 4hr level of support.
Look carefully as eyes meet wick rejections, telling us that there are reactions at this level.
We now move the smaller time frames to look for long confirmations to get us in the new move.
#GBPCAD approaching for 4HR demand area to potential to Buy!#GBPCAD Price is trading the demand Area confirm the any bullish candlestick formation and breakout the 1hr timeframe trend line it will go for the next level resistance 1.73885
Why we like it:
Price Trading in 4HR demand area
watch the bullish candlestick formation in 1hr timeframe
Watch the trend line breakout
Expect to moving the next level resistance area
1st support:
1.73171
Next Zone area & horizontal swing Low support
1st Resistance
1.73885
Zone area & horizontal swing high resistance
GbpcadLiquidity on the upside.
Hope market will give us another chance. I recommend to wait to stophunt that recent support and go straight upside and might reach to weekly's resistance.
GBP vs CAD Long IdeaThe Pound is looking soo stronger than Cad. Looking for Buying Opportunity on this pair.
GBP vs CAD Long for Nest WeekThis is my Idea about gbpcad. Looking for short term buying oppertunity on this pair.
GBPCAD BUY SET UPI expect GBPCAD to take out the previous high in 4hr timeframe. Right now price is currently at my support which is a nice opportunity to buy to the old hig.Good luck if you are going to take this trade. Do not risk more than 2% of your acc.
#GBPCAD for 4HR support area to potential to Buy!#GBPCAD Price is trading the Support Area zone waiting for any bullish candlestick formation and watch breakout the trend line its will move to the next level resistance area
Why we like it:
Price Trading in 4HR support area
watch the trend line breakout
moving to the next resistance area
waiting for candlestick confirmation
1st support:
1.73180
Next Zone area & horizontal swing Low support
1st Resistance
1.74404
Zone area & horizontal swing high resistance
GBPCADthis is our thind trade of the week! we have a chance to buy GBPCAD (after a complete confirmation). GBPCAD is forming an ascending channel , the price is trying to test 1.75670. , so we can take advantage of it, there is a 130+ pips chance! also we have a great RR 1: 3!
GBPCAD ANALYSISThe GBP was strong across alot of pairs yesterday. A nice bullish move that made some good gains.
Now, we can expect some pullback into some key levels before continuations to the upside.
The area of 1.74200 is one to look at. A previously broken resistance could now serve as support when price gets there.
We're looking at longs from this level if price reacts, rejects, and bounces from it.
