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Gbpcadlong

H&S buy opportunity GBP/CADPair retraced to 61.8% of last up move. It broke down trend line and in it is currently creating possible reverse Head & Shoulders pattern. This could be a good buy opportunity. Right shoulder hasn't been completed yet. 200 MA is providing support on Daily chart and I'm expecting another test of that support. If pair confirms that support I would buy pair at 1.7300-1.7310 with stop loss bellow left shoulder low (65 pips bellow) and take profit little bellow 61.8% retracement of this down move. In this scenario Risk to reward is 1:4. If pair fails to reach my entry point, look for entry at break of neck line with stop loss bellow shoulder and take profit at 61.8% retracement of down move. In this scenario risk to reward is 1:3
Long
by dushko22
GBPCAD W5 Mar 2021GBPCAD Long Setup 💪🏼 Price broke out of a corrective phase and descending channel. This breakout indicates a possible Wave-1 and a possible retest to occur for a Wave-2. Signs of rejections off the zones will provide for long opportunities. Higher timeframes shows price is trading above the Daily and Weekly 200EMA with a Daily bullish engulfing. Weekly timeframe is plotted with a ABC movement to the upside with a complex correction of Wave-B. Starting of Recent bearish movement has brought us to the golden 61.8% retracement level. 2 targets in place: TP1: Previous highs at 1.79000 (Fib Ext of 0.50) TP2: 1.90000 (Fib Ext of 1.00)
Long
by SuperMonkey0
BRITISH POUND / CANADIAN DOLLARassalamu ealaykum warahmatu allah wabarakatuhu First of all, this chart is educational for me As we note the waves of wolfi repeated more than once and always achieve their goal Currently, if we go back to the timeframe a week, we will see that the price bounced twice from the 61 Fibonacci area that meets the EMA50. On the daily timeframe, we also notice that the price rebounded from the 61 region with a engulfing candle with the uptrend touching the ascending channel that was formed with waves 1, 2 and 3 By maintaining the main support 1.71794, and breaching the resistance 1.73468, we will see the rest of the levels, God willing The order can be canceled completely in the event of a close below the main support 1.71794 We ask God for success
Long
by mysqlerror
GBPCAD: Why Buy????? Go On - Shooter_ForexHi, my name is Shooter_Forex . - Pay attention to add GBPCAD. - Zone D1 a bullish signal appears nice price at hard support ( 1.72000 ). - Here, you need to follow more because you need to see The market broke the top (at H1, H4) and if you return, a new bullish signal can BUY up. *** Note areas in order: Demand zone D1, Demand D1 + Demand H4, Demand D1 + Demand H4 + Round Number 1.72000 (Signal = reversal candlestick patterns) I use the following methods: 1. Price Action 2. Supply Demand Zone 3. Risk management: Investment capital ( 4% / deal )
Long
by Shooter_Forex
1
GBPCAD - Buy Entry - H4 ChartGBPCAD - Buy Entry - H4 Chart Buy @ Current Market Price Stop Loss @ 0.5% to 1% of your Account Balance Please support the idea with a Like 👍 Follow me to receive updates of this analysis, plus new ideas ✅ Thank you for your support 😊 Wishing you successful trading 🙏 ------------------------------------------------------------------------------------ 🔺 DISCLAIMER 🔺 The content of this analysis is subject to change at any time without notice. 🔺 It is provided for the sole purpose of assisting traders to make independent investment decisions. 🔺 You must do your own research to create your own trading plan for the market. ------------------------------------------------------------------------------------
Long
by UnknownUnicorn5418842
GBPCAD BUY|GREAT IDEAHello Traders, here is the full analysis for this pair. Watch strong action at the current levels for BUY. GOOD LUCK! Great BUY opportunity in GBPCAD . I still did my best and this is the most likely count for me at the moment . Support the idea with like and follow my profile TO SEE MORE Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗
Long
by BULLSS1993
6
GBPCAD Pin Bar On Daily Chart? GBP still strong? 47 Week High!Is that a Pin Bar on GBPCAD Daily Chart? GBP still strong? 47 Week High! Is a new 52 week high the next victim here? Some interesting Price action here now midweek across the GBP Pairs. There is still so much time left in the day to trade, However there is NO DOUBT that many traders will be eyeing the current price structure of this pair and its current appearance on the DAILY CHART which Clearly looks LIKE A PIN BAR is forming, But remember again there is still plenty of trading hours left in today for that Candle to really change its appearance by the time the day ends. Our CURRENCY HEAT MAP has called GBP strength up until now which has clearly been working for this month of February. Maybe its time for GBP to catch it breath having had such a run after the past few weeks. CAD is still MID range and the Commodity CUREENCIES have remained bullish overall for several weeks so GBPCAD may not be the optimal GBP trade at the moment unless in fact you want to be trading the RETRACEMENT as a MEAN REVERSION trade back to an obvious area of value where the bulls may come back in for another charge higher. Whichever side you decide to trade the main thing here is to remember where large POOLS of LIQUIDITY remain on the chart. On the bullish side the 47 WEEK HIGH is a clear point and we have seen a strong reaction therefore if this is to go higher the 52 WEEK HIGH is a clear and obvious location. Alternatively January 29 high @ 0.7640 if revisited will clear a lot of MONEY as the TREND LINE LONG TRADERS stops would have been cleared and the multi hour CONSOLIDATION under 0.7650 will be cleared too.
Long
by seekingpips