Possible Long on Monday Confluences:
- Possible 3rd touch of bullish trendline
- Area of resistance could offer support
- Area of possible support falls around the 0.618 Fib level
- Possible touch of the 50 EMA
I'm fairly confident that this trade will come off but it is worth noting that price was recently heavily over bought according to the RSI
I will be waiting for price to retrace to around the 0.618 Fib level and looking for some kind of confirmation before entering to go long
Always use correct risk management
Gbpcadlong
GBPCAD and Buy Area (9/7/2020)Buy limit
1.69905
SL at 1.69445
TP1 at 1.70230
TP2 at 1.70470
TP3 at 1.70830
Note!
Cancel/pending plan few minutes before news! (Medium/high impact news)
Disclaimer
The content on this analysis is subject to change at any time without notice, and is not provided for assisting traders to make decision.
GBPCAD - 4H Double Bottom Long!GBPCAD - 4H Double Bottom Long! Price has formed a double bottom on the 4H timeframe and then broke the bearish trend line through previous resistance. Price has now retested this zone and I have therefor taken a long trade with a great R:R of 1:6. Time will tell if this pair can push to my TP of 260+ pips.
GBPCAD and Buy Area (8/7/2020)Buy limit
1.70112
SL at 1.69865
TP1 at 1.70340
TP2 at 1.70595
TP3 at 1.70870
Note!
Cancel/pending plan few minutes before news! (Medium/high impact news)
Disclaimer
The content on this analysis is subject to change at any time without notice, and is not provided for assisting traders to make decision.
GBPCAD BUY OPTION FOR SWING TRADE.GBPCAD BUY OPTION FOR SWING TRADE.
Please manage your risk. Use Stop loss. And do not take blind entries.
If you have a question let me know. If you want to analyze any pair let me know.
This is just an idea. What we see.
The Market can go in the opposite direction, what we analyze. So we have to manage our risk and adopt the situation accordingly.
GbpCad outlookGbp is on the run with all its counterparts...
In GbpCad case, 1.7 zone is very strong support with the pair putting in a double bottom here.
Now GbpCad is trading in the confluence of neckline resistance and descending trend line.
I expect a break and Gbp should accelerate gains towards 1.72 measured target and horizontal resistance.
I will try to buy dips for a good R:R
GBPCAD BUYJust another idea related to GBP. Seen this pair in a downtrend for a while but I saw bullish divergence on higher TF I am holding from near the bottom again but still looking for another runner after a retest. Should be a bit more in this move up! TP’s are listed. Place stops on levels of support. Do your own TA too!
GBPCAD long trade ideaPlan: wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
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GWBFX
GBPCAD signal (LONG)Hello friends.
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Everything on the chart.
open pos: market
targets: 1.7 - 1.71 - ~1.716
after first target reached move ur stop to breakeven
stop: under ~1.683 (depending of ur risk). ALWAYS follow ur RM .
Good luck
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It's not financial advice.
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GBPCAD | DAILY | LONGLooking for a drive to the upside on GBP, as there has been excessive selling pressure with strong buyers on the dip. Easier to take this trade in the European market for Liquidity
Big Picture View
Strong: None
Weak: CAD
This trade is invalid after 29/06/2020 @ 9 pm BST.
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GBPCAD - SWING - 24. JUNE. 2020Welcome to our weekly trade setup ( GBPCAD )!
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1 HOUR
Bullish week closed above main sr level.
4 HOUR
Expecting another push to the upside.
DAILY
Overall bearish market about to turn, good long entries!
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FOREX SWING
BUY GBPCAD
ENTRY LEVEL @ 1.69160
SL @ 1.67710
TP @ 1.71270
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN