Hi TRADERS this is my trade set up for the GBP/CAD for the new week ahead
i am expecting a pullback into the order block zone and will be looking for a SELL trade only if it meets your criteria for a trade then execute
This is my analysis only please trade with caution and risk management in place
good luck for this weeks trading
please like and comment both...
FX:GBPCAD
The blue and red lines mean: I think prices can return in these areas.
Green lines mean: I think the price can reach these areas. They are therefore known as transaction targets.
If you want to use this deal, please risk only one percent of your account balance.
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPCAD finally broke for us and confirming our sell bias. Waiting for another chance to short once we get a break below the support of 1.71000. Then we can scale in a 4th position with 0 risk
FX:GBPCAD
The blue and red lines mean: I think prices can return in these areas.
Green lines mean: I think the price can reach these areas. They are therefore known as transaction targets.
If you want to use this deal, please risk only one percent of your account balance.
GBPCAD closed the weekly as a lovely pinbar, we are still long term bullish as with our previous analysis and this hasn't changed considering the monthly still closed bullish however we believe there will be a correction down before we see it close higher next month potentially. We are waiting for a correction up and a rejection off the level specified before...
Will this pair hold the previous resistance or collapse through it?
The supply rejection was strong but we still need to cross back over the EQH's if we have a chance of falling lower.
I have illustrated what I would like to see, I will leave updates below.
Traders, if you have your own opinion about this idea, write in the comments section, I always reply.
...
Sell: GBP / CAD
Sell limit: 1.72565
SL @ 1.73100
TP @ 1.71650
Max Risk: 2%
(When calculating, do not forget about different spreads from Brokers)
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Have a good week to everyone
It is not an investment recommendation
GBPCAD is in a long term up trend, but is likely to change its trend for a short period of time. This is what i think it will do .
If you agree, please leave a comment and a sub to the channel would be amazing.
