GBPCAD: Trap Before Continuation Interesting one, the trend is bearish so I would avoid buying until we clearly shift momentum.
Since the OB has a huge imbalance above it, I believe we may run into some manipulation around the zone before continuing down further.
LR - Lure
OB - Order Block
BOS - Break of Structure
IMB - Imbalance
2 Step - Alkalines Secret hahahaahha
Gbpcadlong
GBPCAD LONGHey Traders, in the coming week we are monitoring GBPCAD for a buying opportunity around 1,675 Respecting the ascending Monthly Trend in combination with the Monthly Demand Zone. Once we will receive any Bullish confirmation the trade will be executed.
Trade Safe and use proper risk management on swing trades. because on the long term the movements are more large comparing to intraday trading. so you must use a larger SL with a lot size more smaller than the one you use for scalping.
Trade Safe, Joe.
GBPCAD HAS REACHED A MONTHLY LOW, NOW PRESENTS 450-600 PIP BUY?GBPCAD has reached a monthly low and a D extension.
It appears as though price may have found support. If this is the case, I would like to see a correction to the 61.8 level of the down move.
This would present a buy opportunity of roughly 450-600 pips.
Price could react at the 38.2 which is why I have given a potential profit range.
GBP/CAD | PRICE ACTION | MAY WILL SEE A RAISE OF PRICE | LONG The Bank of England to raise rates by 15bp today. - Bank of America.
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GBPCAD Long Expecting a retest to this Strong Support Level for GBPCAD. Watch for signs of reversal. GBPCAD Long on rejection
Catalyst may come this week with Fed Taper Talk for USD.
Swing has potential to be 500+ pips if full reversal presents itself
Entry 1.6900
S/L 1.6850 (Bigger stop loss due to swing potential)
TP 1 1.6950
TP 2 1.7000
TP 3 1.7050
TP 4 1.7180 (Weekly 200 day EMA) full reversal to go higher
SwingTradingIdea(GBPCAD)(Long)We are seeing a ascending triangle on 4H timeframe, and we reached the support zone on daily timeframe, also if we close this week we will have a buy signal on weekly stochastics. we can trade the triangle and keep the position open for more potential profit, This can be a very juicy trade considering the risk to reward ratio of 1:4.
GBPCAD: Stuck at StructureThis pair is utilising the previous supportive region as new resistance, price seems to be stuck.
The indecision is creating buying and selling pressure in the consolidation zone.
Personally, I would like to see a sell from here to lure more shorts into the market before we bounce at the low for long term buys to break the key structure.
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GBPCAD expecting some bullish sentiment on 1.70000GBPCAD has been on a massive downtrend after retesting 1.75000 since 20th september to 1.69000, this level might bring some bullish sentiment as it finds support around this level from the weekly timeframe. the bulls push breaking 1.70000 with a strong bullish momentum, therefore am expecting a retrace then continue till 1.72500.
Confirmation is waiting for a reversal candlestick pattern on 1.70000, then a break of the recent support turn resistance created.
kindly drop your suggestions in the comment box.
GBPCAD: Retrace TimeI am expecting a retrace of this huge sell-off.
We saw a liquidity purge of the support created after the trendline bounce.
Now that this is out of the way, we can expect some pullbacks before bearish continuation.
We can either pull back from this zone or we can take the low before we retrace.
SwingTradingIdea(GBPCAD)(Long)GBPCAD has a beautiful channel on daily, and we reached the support area, there is Bullish engulfing candle on daily time frame, And I decided to go long with stop loss 1 ATR below the previous candles low, I am aware that we still did not reached the stronger support line but I am willing to risk 1 percent on this beautiful Bullish candle. Also Stochastic(14,3,3) has a buy signal for me. On weekly Stochastic is at oversold area I can hope for a buy signal on the weeks ahead(But It might not happen, who knows!). Also this trade has some juicy risk to reward ratio :) , If this trade fails I will be looking for another buy setup maybe at lower stronger support.
Always manage risk or risk will manage you :)
Take care stay profitable!
GBPCAD 500 PIP BUY!Hi guys!
This is one of those trades that either works beautifully or not at all.
Look for a double bottom for evidence of reversal, with a tight stop loss below the major structure.
I have made multiple take-profit levels so that we can keep them as safe as possible. A small profit is still profit.
Good luck and trade safe!
Please remember to like, follow, comment, and share my ideas - I put a lot of effort into providing this for free and would really appreciate it.
Good luck, Trade safe.
DrBear
GBPCAD analysisWe have had a good period of bearish momentum. Price is currently in a correction phase. Using the trendline rules of entry, a buy position should be actively running, but because I saw signs of a pennant forming, I had to wait. The pennant has clearly formed. This chart pattern is neutral and price can go either way, which invalidates entries solely based on the trendline strategy. First/ minimum TP target should be the length of the pennant's back.
*Disclaimer*
This is not financial advice. Forex trading is a risky business. Trade at your own risk. Exercise proper risk management and be patient.
#TradeLikeMagnatrio
GBP/CAD Trying To Make Inverted Head And Shoulders, Long SetupThis is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions