BUY GBPCAD As it is following a given channel TP FOR GBPCAD is 1.5600 Currently Trading @ 1.5210 400 PIPS of move can be expected
Midterm forecast: While the price is above the support 1.52450, beginning of uptrend is expected. We make sure when the resistance at 1.60016 breaks. If the support at 1.52450 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: A peak is formed in daily chart at 1.60020 on 06/17/2022, so more losses to support(s)...
Setup Contains: 1. Market Structure 2. Liquidity Draws 3. Extreme Point of Interest FOLLOW PAFX & TRADE LIKE BANKS 💸
I am looking to sell GBPCAD for short term since it broke out its uptrend in 1HR time frame. I CAN BE 100% WRONG . I WOULDNT PREFER TO RISK MORE THAN 0.50% PER TRADE
It seems like market is on 2nd wave now, so i am expecting a good return soo please use trailing SL method and use can use peramiding pattern of taking position to earn more in every next confirmation happy trading day guys
GBPCAD continues falling down and looking for more selling opportunities in GBPCAD, PROPER MONEY MANAGEMENT SUGGESTED.
wait for confirmation on retest of support zone trade with money management.
Buy/Sell only on given levels. The above chart is only for educational purpose. Make sure you don't trade blindly, reanalyze and trade.
GBPCAD can go short from here , Trade with Trend , Always Follow the trend and Price Action
You can see this GBPUSD chart. On the daily time frame, it made a bigger cup and handle pattern and again on the 4 hour charts, it made 3 more cup and handle patterns lol!
GBPCAD looking for buys as it break the resistance it will do retest then continue going up
Trading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (1.7338). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . GBPCAD is in a downtrend, and the continuation of the downtrend is expected. . The price is above the 21-Day WEMA, which acts as a...
Its just shows a market structure we need more confirmation.
GBPCAD Short Long R/R= 1:3 I'm just beginner, Ready to learn. If I do any mistake, Please guide me. thank you
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (1.6950). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . GBPCAD is in a range bound, and the beginning of an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a...
One can easily observe that the price resisted at the same place from 2017 and it cannot break the resistance expect one failure attempt. One can expect the price to take support from the trend line and break the resistance in the middle 2021.