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Jan 14, 2022 8:31 AM

GBPCAD D1: BEST Level to BUY/HOLD +500/+750 pips(SL/TP)(UPDATE) Long

British Pound/Canadian DollarFXCM

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GBPCAD D1: BEST Level to BUY/HOLD +500/+750 pips(SL/TP)(UPDATE)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
tagged as LONG because I expect reversal
from 6860/68800. read entire idea before executing!


🔸 Summary and potential trade setup
::: GBPCAD 1day/candle chart review
::: trading in defined long-term range
::: currently trading near range lows
::: still valid as of right now
::: for best results BUY AT MARKET
::: 6860/6880 heavy support levels
::: BULLS will take from there
::: expecting reversal / re-test of 7650
::: get ready to BUY LOW / MARKET BUY NOW
::: best entry: MARKET BUY
::: recommended strategy: BUY/HOLD EXIT 7650
::: TP1 BULLS +500 pips TP2 BULLS +750 pips
::: final TP BULLS is 7650
::: SWING trade setup do not expect
::: fast/miracle overnights gains here
::: good luck traders
🔸 Supply/Demand Zones
::: 6880 fresh demand zone
::: 7650 fresh supply zone
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BULLS
::: Sentiment outlook mid-term: BULLS

RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Comments
UnknownUnicorn20776806
very good nice
UnknownUnicorn34088517
Could be nice!
VasilyTrader
I agree with your technical outlook!
Helical_Trades
I enjoy of your analysis
Thank you !
YMGroup
Good gbp/cad work buddy :) thanks for sharing this long signal
TradingAlchemist
Top marks here… thanks!
DeGRAM
Agree, there is long now? and then as you've written
Solldy
Awesome chart analysis!
UnknownUnicorn15614419
Great analysis
MMBTtrader
we can expect more rise
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