Thanks for Taking Interested in my Trading Idea. GBPCAD: WAIT FOR SELLING ZONE. Note: This is only for Educational purposes; this is not investment advice. Thanks for your support!
GBPCAD reversed off its resistance at 1.69836 where it could potentially drop further to 1.64450. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
GBPCAD could be Long: - Previous Impulse - 61% Fibo - Oversold Indicators - Wave pattern Entry point NOW (or wait for 1.736) SL 1.725 TP 1.78
GBPCAD reversed off its resistance at 1.73957 where it could potentially drop further to 1.72228. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
price rejected the fib 618 level at 1.7474 and made a clear lowe low and rejected the .50 of the fib as well. if had broken the trendline and made a stoplosshunt just above the fib level. with an expected strong OIL, we have the option that it will bring down the price of GBPCAD to the 1.66 level where strong support is waiting.
1.732 is a good level to short #GBPCAD. We suppose it will be a very strong movement.
Another long term trade here, longs if we see rejection of the trend line as well as the 78.6 fib level to take this all the way up to past highs. 750 PIP GAIN 5/1 RR
Price bouncing from 61.8 fibo level and trendline making more confluence to the zone. Look for buys! Cheers
The outlined white arrow pathway is the predicted pathway that the GBPCAD will follow in the coming days or weeks. Using my unique charting methods, I have been able to arrive at HIGH PROBABILITY turning points where GBPCAD will turn. PLEASE NOTE THE ABOVE ANALYSIS IS FOR EDUCATIONAL PURPOSES ONLY. THEY ARE NOT DIRECT INSTRUCTIONS TO TRADE AND ANY LOSS...
#GBPCAD analysis quite similar to #GBPAUD. There's a channel as well, not as clear as on GBPAUD. We think it will keep on selling until 1.70 where lots of bullish confirmations tell us to consider along. Entry 1.70 SL 1.69150 TP 1.717
GBPCAD expected to rise up to 1st resistance at 0.67420 where it could potentially react off and drop down to 1st support at 0.66660. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
GBPCAD expected to rise up to 1st resistance at 1.72842 where it could potentially react off and drop down to 1st support at 1.71955. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Hello Traders! Today we look at GBP/CAD. This is a pair I have been following for a while waiting for the opportune moment to enter into a long position. I noticed a few weeks ago a strong Bullish Pennant was forming and we have finally reached the point of convergence. That combined with Mcginley Dynamic (Best Moving average by far if you ask me) and my trend...