GBPCAD bounced from support, potential for a further rise!
GBPCAD bounced off 1.70845 where it could potentially rise further to 1.73784.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
Gbpcadlong
GBPCADtake every trade on your own responsibility
we will get 70 pip target out 150 if every thing come in our favor
GBPCAD reaching support, potential bounce | 27 July 2020 Price is approaching support where we could see a bounce above this level.
GBPCAD to climb from upside confirmation, potential bounce!
GBPCAD to climb from its upside confirmation at 1.71889 where it could potentially bounce further to 1.75765.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
GBP/CADPersonally for Gbp / Cad I think it will break through and go to fill out the form above so we are just waiting for it to break through to daily and get into a safe long term.
GBPCAD Bullish setupGBPCAD broke the value area last week and for the coming week i'm expecting to see this pair move higher.
Ideally start buy entry around 1.71300 area target 1.72000 TP1. will wait for another confirmation if the price managed to stand above 1.7200 if yes then we are heading TP2 around 1.74560 areas and finally TP3 at 1.76200 area.
Good Luck & Happy trading !
GBPCAD BULLISH!!!GBP/CAD has broken the wedge that i had analysed on my last idea and is heading towards a resistance. It is currently overbought so possible drop back down and pull back to resistance. Possible short and long entries.
GBPCAD LONG- Failed to make lower lows
- Rejection of the 0.786 FIB
- Currently sitting in the golden pocket area of the FIB
- Failed to close below the 50MA on the daily and weekly
GBPCAD reversed from resistance, potential drop!
GBPCAD reversed off its resistance at 1.71304 where it could potentially drop further to 1.69500.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
GBPCAD long trade ideaPlan: resistance level breakout --> 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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GWBFX
GBPCAD expecting a bullish leg to complete a 5 motive wave on this chart.
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GBPCAD approaching support, potential for a further rise!
GBPCAD approaching support at 1.70751 where it could potentially rise further to 1.71571.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
GBP/CAD : Strong Bulllish Engulfing Pattern We can see upside movemnt as per candlestick chart pattern,
Looking Very strong momentum for the upside.
ThankYou
GBPCAD TRADE IDEAGBPCAD - Downward channel here. Looking like we may see some form of rejection around the upper channel trend line. Lines up well with the resistance level and double top. As mentioned on the note, we will need to wait for rejection at our targeted zone.
GbpCad outlookGbpCad reversed yesterday and has formed a nice long-tailed Pin Bar in horizontal support on "the mean".
As long as the pair stays above 1.7 the are good chases for a new leg up that can exceed 1.72 resistance
GBP/CAD up rally then a short at the 50 Fib daily retracement.The overall market in the weekly has been ranging there for a recent rejection has occurred in the weekly resistance and there's a high chance price will come back down the the weekly support. The daily chart has been respecting the 50 FIB retracements towards the down trend. Price appears to be aiming for the golden zone .5 or .6 of the FIB around so we are expecting an up rally before the trend breaks and we short again.
GBPCAD Buy Setup for Swing Trade.GBPCAD Buy Setup for Swing Trade.
Please manage your risk. Use Stop loss. And do not take blind entries.
If you have a question let me know. If you want to analyze any pair let me know.
This is just an idea. What we see.
The Market can go in the opposite direction, what we analyze. So we have to manage our risk and adopt the situation accordingly.
GBPCAD could be one of the year operations!GBPCAD is now in a really interesting stage, we need the retest of the simetric triangle before the big raise so we will be waiting for it, today or tomorrow, could be the day of the operation so be focused on this pair.
Good luck on this week traders, hope that you have a succesful week and really good trades!
