Gbpcadlong
GBPCAD Possible long setupMonthly - Price wicking to the downside (market is rejecting 1.7000) round figure.
Weekly - last 3 weeks saw bullish momentum to the upside. Rejecting a Very strong resistance area. (awaiting pull back to collect buy orders).
Daily - Structure break to the upside. Bearish engulfing at the swing high creating new Higher High.
4h - market is shorting towards the trendline and liquidity zone.
will watch for candle movement around the red zone for a possible long entry.
GBPCAD LONGMonday. My favourite day of the week, purely because the markets are waking up.
So we entered a long position on GBPCAD this morning. We are currently -2 percent but we are comfortably waiting for price to retest our strong resistance zone and eventually continue in a bullish momentum into our take profit area.
Our analysis has been created on a 1hr time frame for trading view but was originally added to our watchlist on a daily time frame. Both which were convincing that price was going to have a bullish momentum.
my entry was:
ENTRY @ 1.76032
SL @ 1.75432
TP1 @ 1.76632
TP2 @ 1.77332
GBPCAD Monthly ViewI believe it. So what is your expectations in comment below.
So guys Let's look at it 😍😍😍🥰😍😍😍😍 with #hasanat_hussain_al_ahmed_hasan
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GBPCAD Buy Multi time-frame Analysis Hey traders, here is the analysis for the GBPCAD. NOTE - Please do your own analysis before taking the trade. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks.
GBP/CAD Has Stabilised, Safe For LongsThis has settled after the move last week. The spike has had some retracement and created a support. A long from here should be fairly safe, environment is bullish as can be seen using MACD and EMA's on 4HR and daily timeframes. Target is 1.77585 as there is a lot of previous structure and resistance around this level.
GBPCAD We have a break of the upper trend line and it has been tested and we have a bullish candle, which roughly shows us the known price behavior and thus we can take a long-term trade on the GBPCAD
GBPCAD Trade IdeaCurrently testing the 61.8 for a possible support area. This is illustrated on both the daily and 4hr chart. Along with the fib retracement level, we also have the mid channel pivot which could add some additional support.
My idea here is to enter long considering the overall trend itself is also bullish. Tomorrow we have Canada reporting their unemployment figures. I expect on a seasonal basis for Canada to under perform in the winter months and should provide a disappointing jobs report tomorrow and thus lower the Lonnie.
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Regards,
Michael Harding 😎 Chief Technical Strategist @ LEFTURN Inc.
RISK DISCLAIMER
Information and opinions contained with this post are for educational purposes and do not constitute trading recommendations. Trading Forex on margin carries a high level of risk and may not be suitable for all investors. Before deciding to invest in Forex you should consider your knowledge, investment objectives, and your risk appetite. Only trade/invest with funds you can afford to lose.
GBPCAD 3/2/21Notes on the chart.
Ideas/opinions would be very much appreciated as I am new to this so any feedback will be taken into consideration!
GBP/CAD Has Retraced, Look to Long From HereThis has retraced to what should be the new support level. Watch for this to turn higher using the MACD and EMA's, can also use 1HR for another perspective. Target is 1.77585 as there is a lot of historical resistance around this level. SL just below the low at 1.73750
GBPCAD long trade ideaPlan: wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
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Thank you for your support ;)
GWBFX
GBPCAD Long Trade PlanHey traders, here is the analysis for GBPCAD. NOTE - Please do your own analysis before taking the trade. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks.
GBPCAD Long Trade IdeaHey traders, here is the analysis for GBPCAD. NOTE - Please do your own analysis before taking the trade. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks.
GBPCAD - Wipeout HighsI would like to see a final push on GBPCAD to wipe out the previous highs. I will wait for a pullback into the zone marked before I consider my buy position.
GBPCAD - Range Stop and DieThis range has buy & sell side liquidity that needs to be tackled. Ideally, I want to see a strong push above the consolidation into the order block marked before a reversal to the downside, as illustrated.
GBPCAD, Price Action Pointing Upwards, LongGBPCAD price action tells further advance,!
+Strong Support
+Strong Trend line
+ Price action pointing above
gbpcad buy entryHello there, i am expecting gbpcad to continue dropping until my level where we shall see heavy bullish movement of which we shall enter and hold until our target mark.
Good luck!!
Hourly Downside Pressure Died Off On GBPCADKey details in Signposts. Hourly selling pressure has died down at the 1.7283 level. Structurally, good opportunity to continue building a position in this pair.
[ Note that ideas published represent my viewpoints on structural directional movements. I do not post explicit trade parameters (i.e. entry, take profit, stop loss, etc.) as these are set to in reference with my expectancy. Since my win rate and R-multiple targets are different, ideas published are simply a resource to provide guidance. You are expected to manage your own trading decisions. ]
GBPCAD MAKING A MOVE UP?Hi.
I'm looking at GBPCAD for a potential buy entry.
Elliott wave is always an interesting feat, lol. I attempted to count the waves that have formed and believe we are in an ABC correction right now.
It looks like price has hit the D -0.27 extension on the sell. Now waiting to see if we will get a deeper retracement or if price will start to move up.
If my analysis is correct for either level, I think this could be a long term play.
I am not entering now. I want to wait for bullish indication.
GBPCAD LONG setupIf you are trading in GBPCHF forecasting, I would first like to remind you to decline this. I can see the pattern oscillating in a channel. However, the stochastic ossciloter gives a clear buy signal
