Gbpcadlong
GBPCADGBP/CAD price action seems to have drifted lower as the Pound Sterling surrenders recent gains due to fading Brexit deal optimism. This coincided with another reaction to technical resistance highlighted by the 1.7500-handle. We could soon see a resumption of buying pressure around 1.7330.
create a long position order there.
stop loss 1.73015.
like if you agree!!
GBPCAD Rejection From Here... BULLISH Continuation!!!Great opening from GBP pairs, we were expecting some sort of BEARISH opening to this week candle before further BULLISH movement. As of now, GBPCAD managed to retrace all the way to 50% fib level (also a support level @1.7068). I will be expecting a rejection from here to continue its upward movement, minimally testing the resistance level @1.7250 area. Definitely, I see a potential of it reaching 1.7400 if that resistance level break. There will be 2 entries we can consider now. First entry will be at the current price while second entry will be at 38.2% fib level (also a resistance level @ 1.6990).
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[SHORT TERM] GBPCAD: Buy Opportunity Till Resistance Level!!!This will be a short term trade opportunity. I will be expecting a short term retracement from GBPCAD minimally till the resistance level and will be looking to hold the position if price level breakout of that level. For now, I see a good retracement opportunity till 50.0 fib level.
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GBPCAD BUYHappy Thanksgiving everyone! Apologies for my absence these past months, however, lets get back to MAKING THIS MONEY! I drew this chart 2 days ago when I created the zone that GBPCAD has currently fallen within. I do believe being that it is currently in an uptrend we should still see the bullish momentum to the upside. The tp I set is for small gains. Although, buy long term would be beneficial to all the swing traders. This is my personal opinion, however, let me know if you guys see anything differently I'm open to all opinions. Thanks for listening guys. LETS GET TO FINANCIAL FREEDOM!!!!