GBPCAD is based above HVN at level 1.7040 which indicates that pair is in accumulation phase MACD shows weakness in bearish momentum RSI is above level 50 we r waiting price to exceed key level at 1.7140 to open long trade It's expected to target first resistance level at 1.7280 then finally target supply zone at level 1.7700
Hello, my fellow traders, hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis. As we can see, the price is inside ascending triangle, possible breakout will be upside. Let us know your views on this in the comment section. Thank you all. There is...
SELL GBPCAD start: 1.71225 stop loss: 1.71525 take profit: 1.70543
Pattern: Triangle on 1D. Signal: Bullish as: a) the MACD made a Bullish Cross, b) the price broke above both the 1D MA20 and 200. Target: 1.7600 (below the Symmetrical Resistance). Make sure to book profits if you see the price struggling on any of the two Lower Highs trend-lines. ** Please support this idea with your likes and comments, it is the best way to...
Welcome to our weekly trade setup ( GBPCAD )! - 1 HOUR Strong waving market back at range mid. 4 HOUR Overall good price action and break below main sr level. DAILY Expecting another push to the downside towards previous lows! - FOREX SWING SELL GBPCAD ENTRY LEVEL @ 1.70040 SL @ 1.70750 TP @ 1.69030 Max Risk. 0.5% - 1%! (Remember to add a few pips to all...
Buying opportunity after breaching the upper side of the triangle at 1.7109 Buy targets 1.7380 and 1.7658 It is possible to sell if the buying pattern fails after breaking the uptrend and the triangle at 1.6882
Everyone is waiting for what the OPEC and non-OPEC allies meeting will come out today 6/06/2020. So then they agree to reduce production or increase the rate of production reduction, it will be a strong support for oil prices and thus will support the rise of the Canadian dollar. And If there is no agreement ,the petroleum price will descend, and therefore it...
Based on the four hour and daily chart, we see an uptrend setting for GBPCAD to buy. After CAD unemployment/employment news came out, it was volatile that is setting up for an uptrend buy. TP: 1.71+
Welcome to our weekly trade setup ( GBPCAD )! - 1 HOUR Turning bullish again, good long entries! 4 HOUR Price takeout of range lows, looking for upside movement shortly. DAILY Takeout of previous lows with instant reaction! - FOREX SWING BUY GBPCAD ENTRY LEVEL @ 1.69530 SL @ 1.68590 TP @ 1.70870 Max Risk. 0.5% - 1%! (Remember to add a few pips to all levels...
The market on the 4h time frame just broke the resistance structure. After a double top on the retracement the price is heading to the recent lows as 1st target. We can look for a short order according to our strategy. ––––– Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only...
New came out this morning for CAD on BOC statement, which we are looking to sell on the downside of the market. Look to scalp TP: 1.693-1.69
🔸 4H CHART EXPLANATION: . . 🔸 Price bounced at the Weekly Ascending Trendline. . 🔸 At this moment, it is facing the Descending Trendline. . 🔸 If price breaks to the upside, it has potential to reach the Resistance Zone. . 🔸 Will look for a lower timeframe Bullish Setup. 🔸 DAILY CHART ANALYSIS:
Where would you enter your position? This is my technical analysis on this pair – applying a breakout strategy on the 4H timeframe. Only if all the rules of the strategy are met, will I enter a trade on this pair. Updates will be posted. #breakout #swing trading #forex