Key details in Signposts. Hourly selling pressure has died down at the 1.7283 level. Structurally, good opportunity to continue building a position in this pair.
[ Note that ideas published represent my viewpoints on structural directional movements. I do not post explicit trade parameters (i.e. entry, take profit, stop loss, etc.) as these are set to in...
GBP/CAD price action seems to have drifted lower as the Pound Sterling surrenders recent gains due to fading Brexit deal optimism. This coincided with another reaction to technical resistance highlighted by the 1.7500-handle. We could soon see a resumption of buying pressure around 1.7330.
create a long position order there.
stop loss 1.73015.
like if you agree!!
GBPCAD
Long Setup
We are seeing price ranging in between this ascending channel. We can go long once price breaks this minor descending trendline. If a break downwards of this channel
occurs, a short position would be considered more profitable.
after breaking falling wedge price is above resistance
price successfully close above the resistance and flipped the resistance to support
use small position risk is high
Last week on the daily GBPCAD has made an Impulse to the upside and went for a retest of the impulse almost to 0.618. So, from daily we have a bullish outlook also today on 4H market shifted from bearish to bullish and we can look for big long from here.
I will open a long from 1.71700. But keep in mind that we have a strong resistance in the weekly chart on...
GBPCAD
Is trading above the 1.71500 level and the kagi is turned green the price will bounce from support level which is 1.71500I am expecting GBPCAD will reach 1.75000 in coming months
Hello Friends! I think "GBPCAD" will go short 'Sell' position and touch S1 then some correction. After her correction, it will touch S2 and S3.
Trade_ID: #B20000278
GBPCAD - SELL
=> Entry Price: 1.70401
=> Stop Loss: 1.72029
=> Take Profit1: 1.68674
=> Take Profit2: Open
You will take only 1-2% risk for all running entry
You will try to give an alert when...
Hi !
quick trade setup, all details on the chart
those with patience may take lower STOP at 1.7240 and target above 1.7430/1.7530/1.7610 +++
good luck !
Hello Traders,
We have a complete W pattern on the daily timeframe with a retest where we predicted, at 0.38 fibonacci. In red the resistances in green my TP. SL on sight or on the support.
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Hello Traders, after the breakout of the wedge pattern I opened a long position. 1st tp 1.76 2nd 1.77 ( Monthly Resistance )
If you agree with my ideas put a like and feel free leave a comment to link your trading ideas.
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GBP/CAD has been trading within a respected weekly trend channel since Late-2019. The last touch of this trend channel was on the lower boundary with current expectations now that price will return to the upper boundary. Price has been consistently trading above the 50 and 100 DAY EMA and the posting of an extremely bullish weekly candle last week means that we...
