TradingView
ProjectSyndicate
Aug 30, 2020 11:56 AM

GBPCAD D1: C&H TP BULLS +400/+600// BUY DIPS (NEW) Long

British Pound/Canadian DollarFXCM

Description

-TOP author on TradingView
-15+ years experience in markets
-Professional chart break downs
-Premium content
-not just random lines on the chart
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-24/7 uptime so constant updates

GBPCAD D1: C&H TP BULLS +400/+600// BUY DIPS (NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.


🔸 Summary and potential trade setup
::: GBPCAD daily chart review and outlook
::: pullback right now / BUY DIPS SOON
::: Bullish cup and handle setup in progress
::: Strong chart overall, expecting mild pullback
::: 7600 was heavy resistance
::: heavy support at 7380
::: Recommended strategy: BUY after pullback
::: BUY at MARKET / HOLD
::: TP1 BULLS +400 pips TP2 BULLS +600 pips
::: SWING TRADE setup / do not expect fast/easy
::: overnight gains in here
::: BUY/HOLD IT and get paid later
::: please mind the swap rates at your broker
::: good luck traders
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BULLS
::: Sentiment outlook mid-term: BULLS
Comments
DragonCaptain
I love this scenario
SaivaraForex
Great job! Very useful analysis.
Asanato
Great idea! Thanks for sharing
FXCM
thanks for sharing! this is what I see on GBPCAD:
Saeed966
Despite the breaking of the falling wedge, but in front of it is a very strong resistance

InkyGrip
Amazing work 🦐
More