GBPCAD - Ready to Target LowsAfter successfully collecting orders from high last week, price managed to break structure.
Now that bears are in control, I will be waiting for a pullback to sell into the buyer's liquidity.
Gbpcadlong
GBPCAD Swing LongIf you like this idea, like and follow me for more.
Analysis done on the daily/4H timeframe. I've drawn out some key support and resistance (S&R) levels, key supply and demand (S&D) zones, as well as a trendline. Price is currently move in an uptrend, and due to recent GBP weakness, price has come down to a good area to buy from.
As you can see, i've entered lightly above my S&D zone. I got confirmation for my entry due to price action but i shall be setting some buy limits further down into my zone should price come down so far (risk will be managed since the amounts of pip being risked at the bottom of the zone will be a lot less than from the top).
The key S&R levels will be used as target points. My long-term aim is to swing GC back to the top, but i shall be taking profits along the way.
Updates to follow, follow me to see them.
GBPCAD FOR CONTINUOUS LONGSAs GBPCAD continues to trend, buyers picking up the dips are making money on the push whilst sellers get roasted on a platter.
We saw some bullish push above the 1.74200 area. Now, we see price pull back to the level.
We're watching carefully to see a rejection from this level to continue picking up buys here.
Buy Opportunity on GBPCAD and picking up 70 pipsBeautiful buy opportunity on GBPCAD targeting 70 pips with a target goal of 1.7570
GBPCAD-Long#GBPCAD recently market was moving descending triangle. And has broken out of it has given a good retest so I am looking for 200 PIPS in the long term. While 50 PIPS buy a the point.
Trading Idea Regrading GBPCAD Currency PairAfter Breaking Daily Trend Line, Now GBPCAD is Going To Retest 1.73047 Level, Before Further Continuation of Bullish Break Out From Range, and Head Towards 1.75982 Level
Inshallah :)
GBPCAD Long Rejected off 61.8 fib level, respecting dynamic support, clear bullish MS with higher highs and lower lows
GBPCAD Long Position ? 16/7/2021GBPCAD Previous Downtrend and Break Daily Trendline
So only look for Long Position
Entry 1 - 1.7340
Entry 2 - 1.7315
TP 1 - 1.7725
TP 2 - 1.7480
TP 3 - 1.7535
SL - 1.7290
This is not Signal
Thank You
GBP/CAD Signal LONG TRADE IDEAGBP/CAD Signal
Market Buy: 1,72780
Stop-Loss: 1,72250
Target 1: 1,73600
Target 2: 1,74600
Stop-Loss: 53 pips
Risk: 0,5%
Risk-Reward: 3,42
GBPCAD BIG BUY OPPORTUNITYGBPCAD has broken an important trend and a resistance area, which means the pair is bullish.
I expect the pair to trade in an uptrend to the tragets as shown in the chart above.
jump jump upCame in this late - not sure it will come back down to my enter price, but this pair is going to follow GBP strength going up too (hopefully after CAD data).
dance party will end sooner today if CAD data positive, but may resume next week.
It will be a nice W pattern for next week if today goes well. GL
GBPCAD bullish scenario:In this pair, we have the technical figure Triangle. The Triangle has broken through the resistance line on 07/07/2021. GBPCAD forming a bullish formation on a daily chart. If the price holds above this level we will have possible bullish price movement with a forecast for the next 22 days with a target of 1.7367. If we decide to enter this position our stop loss order should be placed at 1.7367.
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GBPCAD LONG IDEAPlease give me a like and follow to get the latest accurate analysis.
GBOPCAD currently broke all short criteria .For me this the initiation of up trend .So i will keep an eye on buying opportunity at previous support zone.
GBPCAD, 4hr tf, new bullish cycle
Same plan as EURCAD. We also saw the potential of GBPCAD new bullish cycle to the upside.
Wait for price to retrace around 1.7160-50 before initianing buy.
We wanna see price complete wave-iv correction before entering buy.
Buy GBPCAD 1.7155
Stop loss 1.7120
Take profit 1.7280 (3.5R)
Use only 1-2% risk
Good luck
GBPCAD LONGGBPCAD BUY :
REASONS :
ITS A PATTERN TREND WHICH GOES UP AND IT WONT HIT SL NOT ATLEAST FOR 2 DAYS SO I GUESS IT GOES UP.
TP : GREEN LINE
SL : RED LINE
GBPCAD long ideaAs we can see on the daily, GBPCAD has been having a lot of fun within the marked range. As GBPCAD approached the botom of the range, a fairly simple and easy trade to make is to long towards the bottom, set stop loss slightly below previous wicks outside of the bottom of the range (protect against liquidity grabs) and aim for the top of the range as a take profit. These trades are typically easier to hold and run with, because end of the day it's the simplest type of trade.
Be wary of any consolidation within the middle of the range, we know this happens often, nothing to be afraid of but if you are advanced you can manage your position by selling at the top of a consolidation within the middle of a range and buying the botom of it, however you ask yourself how close is this to scalping and if you should be range trading in the first place.
Fundamentals: GBP has been on a downer lately, this will pick up as the UK begins to leave lockdown restrictions in July and travellers are welcomed back in. Meanwhile the CAD is having the time of its life along with Oil, and we know the Canadian Dollar is a commodity currency and goes hand in hand with Oil so any weakness there could see the CAD drop, resulting in GBPCAD rising.
If you like this idea and analysis please leave a like and give me a follow so I know to continue with the ideas! Feel free to leave a comment if you agree/disagree!
GBPCAD: Best long entry to takeGBPCAD will retest this support before going long. We have a good entry level to consider
GBPCAD potential for further upsideGBPCAD is appraoching 1st support which is our horizontal overlap support in line with 50% Fibonacci retracement and 61.8% Fibonacci extension. Prices might push up towards horizontal swing high resistance in line with 78.6% Fibonacci retracement and 78.6% Fibonacci extension. If prices continue to push down, prices might take support on horizontal swing low support in line with 127.2% Fibonacci extension. Ichimoku cloud is also below prices, showing a bullish pressure for prices.
GBPCAD BUY SIGNALGBPCAD BUY :
GBPCAD IS ACTUALLY GONNA GO IN UPWARD TREND ONCE IT HITS THE SUPPORT LEVEL 1.71950,SO BUY AT THIS POINT,
REASONS :
1)MY EMA LINE IS DOWN OF THE TREND AND IS INDICATING UPWARD TREND,
2)SEEING MY REGRESSION TREND,
TP : 1.72630
SL : 1.71812
BUY AT : 1.71950
GBPCAD's Probable RallyHello fellow risk-takers
GBPCAD's bias is bullish in my books. The red descending trendline is unreliable and prone for breakouts; I call these types of trendlines "even trendlines— i.e., AB = BC" and data shows that, more often than not, these trendlines break.
I am bullish on this pair, and already opened a long position on Thursday of last week. If this trendline breaks as expected, I will be looking to add a further position. However, price is erratic at this point, and the probability of tight stop-losses being wiped out is increased.
Happy Trading.
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*This information is for entertainment purposes only and shouldn't be construed as investment advice.
GBPCAD-Long#GBPCAD currently the market is moving in rising wedge and feeling buying pressure so a breakout is possible and we will see a buy.
