GBPCAD is approaching a support zone. Along with that the 100D EMA at 1.7325 can also support the price. Hence, traders can long for BUY at 1.7315-1.7345 with SL below 1.7265. TPs can be set at 1.7400 and 1.7550 respectively. For daily signals, updates and ideas, check my signature at the bottom of this idea.
GBP/CAD (more on our IG page - TWTI.trading) Heavy manipulation to the upside, wiping out many traders at 1.76400 and 1.77380! Patience and Timing were key to avoid heavy losses. Our team were in at 1.75837 but with stops carefully placed at key levels which kept our position in the market while other traders faced heavy losses. Target 1 +160 points Target...
oh man this looks good. will be following my normal plan. break and retest. 1.i need a 4hr close below this zone. 2.wait for retrace into zone. 3.wait for confirm candle. 4.execute sells if you get a bearish candle or something like a doji which will show you indecision in the market. Remember, this current 4hr candle will pullback as it gets nearer to close it...
WATCH OUT FOR THE BREAK OUT See previous analysis PLEASE SUPPORT THE MOVEMENT WITH YOUR LIKES, COMMENTS AND FOLLOW FOR MORE
PAIR: GBPCAD TIME-FRAME: 4H TRADE: CYPHER PATTERN Waiting for a Long opportunity on the GBPCAD 4 Hour time frame. Hit that like button, please share and comment away before you leave! Click "Like" if you find the information useful. Click follow if you want to stay updated with my ideas.
A lot of 4h divergence. This could play both way, but is a critical level. If impulse to the downside starts, then we could have a really big movement on Daily
Watch Top for reversal - Resistance Top also 0.618 Fib Retracement level
Potential TP @ 1.67850 Stop lose may be put @ 1.70750
GBPCAD Head and Shoulders Pattern!
GBPCAD IS NOW COMPLETING A REVERSAL WAIT FOR THIS TO COMPLETE AND THEN ENTER FOR THE LONG SUPPORT THE MOVEMENT WITH YOUR LIKES, COMMENTS AND FOLLOW FOR MORE
GBPCAD has retraced to Nicely on this. i am expecting it to break down soon, so keep you eye out for this one. See previous analysis I APPRECIATE ALL LIKES, COMMENTS AND FOLLOW FOR MORE
The price made a triple top within the downtrend line on the daily chart. After it, it broke the consolidation and now came back for the retest, already showing signs that the sellers are coming back to the game. I`m gonna wait for a strong price action and then I`m going short.
Hey folks, We have also entered GBPCAD long as we had a confirmed intra day 50/50 bounce. Again we have a 1:1 RR (not the best I know) but our stoploss is very unlikely to hit as we kill the trade once price closes BELOW 13 EMA. Let's see how this works out :)
GBPCAD will fall soon after hitting the Strong resistance line or after completing the harmonic pattern.
However overall i am bearish GBP markets since GBP index is weaker across the board, but for now i am looking to buy this market around this support and will hold till my green MA, thereafter i expect it to start fresh falls. Look for buys if you have your trading strategy. Trade Safe.