Trade ideas
GBPCAD look for buyGBPCAD looking for buys as it break the resistance it will do retest then continue going up
Short BreakMessage me to learn 1 to 1!
GBPCAD 1D TF
GBPCAD has finally given a breakout and is currently re-testing successful a short position can be taken,
A clear RSI divergence can also be seen and it is looking bearish for the next few sessions,
However, a fake breakout was also seen before thus be careful and take a entry at a red candle.
Keep the SL at the previous days high and keep target at the low of the channel.
RR-4.2
Target-0.04597
Long Opportunity in GBPUSD Buy @ CMP 1.73264 SL 1.73063 TP 1.73884
Don't risk more than 1% of your account
Make sure to trail your stoploss
Note :- Given trades are for educational purpose only . Trade at your own risk
💡Don't miss the great sell opportunity in GBPCADTrading 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 dynamic support.
. The RSI is at 32.
Take Profits:
TP1= @ 1.7266
TP2= @ 1.7239
TP3= @ 1.7188
TP4= @ 1.7145
TP5= @ 1.7094
SL: Break Above R2
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GBPCAD ShortGBPCAD Short
Long R/R= 1:3 I'm just beginner, Ready to learn. If I do any mistake, Please guide me. thank you
GBPCAD: Technical analysis. Hello traders,
Wave C of 4 is supposed to materialise towards the resistance zone at 1.72600. Then wave 5 is supposed to materialise towards
the support zone at 1.67692.
Thanks.
GBPCAD HIGH REWARD SETUP So the in 4 hrs flag pattern is formed could go up to previous high level . I prefer to go long with this .
GBPCAD SHORTPair looks is strong downtrend and it formed a triangle pattern inside the channel pattern with strong bearing candle in day frame. Hence expecting a short in next week.
GBPCADThe market has reversed from strong weekly support in 4 hrs. we took this trade so soon because of some candlestick pattern in the higher timeframe. If stop hits then we will look for another entry.
GBPCAD | Bearish WedgesGBPCAD Forecast: We will take a short position @ 1.7090 and collect profit by 1.7070, 1.7030 & 1.6940 by risking 1-3%.
Tips: Keep trailing your SL after 20+ Pips to lock your profit.
Many confluence confirmed: Downtrend.
Thanks to all those who have followed me and liked my post.
Special thanks to all those who DM me and commented on my analysis wanting to know more about the trade.
