CADGBP trade ideas
gbpcad free signalssorry for late post but enter it again in the retracement so it will reach that level
GBPCAD ANALYSIS, MAY START THE MONTH FROM 1.74 AREABritish Pound against Canadian Dollar pair, may see a bullish trend upto the starting of the month , it may start the month of October from 1.74150 area, concept of supply and demand supports the same..
Bear Flag - SellPrice is clearly forming a bear flag. Hence looking to enter short
Trade like how the big boys trade (banks and financial insititutions).
Do not aim for silly 20-30pips instead look for 90-100 pips and above.
Dont depend on Support/resistance lines because any line you draw with closed eyes will be a support/resistance in the past!
Dont depend on lagging indicators.
Simplicity is key to be successful in trading.
Thanks to all those who have followed me and liked my post.
This encourages me to post more trade ideas.
Rising wedge - SellPrice is clearly forming a rising wedge pattern. hence looking to enter short
Thank you to all those who have sent me private message and been following me.
Hope you have understood how simple it is to trade forex with out any support/resistance lines or lagging indicators.
And started to earn good profits as I have told you on what to do.
Please Note:
Just knowing the direction of the next move will not help being profitable.
There is a lot more to it with regards to the entry technique and successfully managing the trade after entering the trade.
Comment below / DM me in case if you need to know how to do it if interested.
Descending channel - BuyPrice is forming a descending channel. So looking to enter LONG.
Please Note:
Just knowing the direction of the next move will not help being profitable in the long run.
There is a lot more to it with regards to the entry technique and trade management after entering the trade.
If you look at my previous trades, 90% are impulsive moves covering about average of 80-100 pips.
So you need to make sure you enter the trade at the right time and manage the trade to get to squeeze maximum amount of pips from it.
Comment below in case if you need to know how to do it.
chart pattern technical analysis and support and resistance#GBP/CAD make a bear flag continuation formation
keep eyes for next week don't miss this opportunity.
GBPCADGBP strong and CAD weakness might take this pair to the next resistance. Look out for retest and then shoot up. Long idea
GBP-CAD Strong uptrendVolume seems to be the factor for rejecting the level of previous support, strong uptrend (Bullish).
Don't miss the great buy opportunity in GBPCADTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.7310). 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 uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 55.
Take Profits:
TP1= @ 1.7428
TP2= @ 1.7534
TP3= @ 1.7673
TP4= @ 1.7793
TP5= @ 1.8033
SL= Break below 1.7235
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GBPCAD sellOn 4hr time frame, price is currently below downward trendline, expect price to treat trendline as resistance. Expect a bounce off to sell towards support zone 1.71769.
