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Gbpcadforecast

GBPCAD Rejection From Here... BULLISH Continuation!!!Great opening from GBP pairs, we were expecting some sort of BEARISH opening to this week candle before further BULLISH movement. As of now, GBPCAD managed to retrace all the way to 50% fib level (also a support level @1.7068). I will be expecting a rejection from here to continue its upward movement, minimally testing the resistance level @1.7250 area. Definitely, I see a potential of it reaching 1.7400 if that resistance level break. There will be 2 entries we can consider now. First entry will be at the current price while second entry will be at 38.2% fib level (also a resistance level @ 1.6990). Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!
Long
by YGForex
GBPCAD | Perspective for the new weekBreakdown of CAD1.73500 during the week is a sign that the loonie risk a further decline in the latter part of the year... GBP/CAD exchange rate falls even as we anticipate the re-introduction of Covid-19 Tier System Tendency: Downtrend ( Bearish ) Structure: Trendline | Supply & Demand | Breakdown Observation: i. Price did not respect Trendline (Neckline) to Breakdown both the Trendline and Support level on the 27th of Nov. 2020. ii. Looking forward to a correction in anticipation of a further decline in the following week(s) as 1.73500/1.73000 becomes a new zone for Supplication. Trading plan: SEL confirmation with a minimum potential profit of 300 pips. Risk/Reward: 1:4 Potential Duration: 2 to 5 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
GBPCADWelcome back guys Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. GBPCAD in a trend channel path, I think there will be chance for a sell entry because its touched the resistant line in the up trend STOP LOSS 1.74500 ENTRY POINT 1.73000 TAKE PROFIT1 1.72500 TAKE PROFIT2 1.71500 TAKE PROFIT3 1.71000 Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts. The information given is not Financial Advice. Please support this idea with a LIKE if you find it useful Wish you luck guys
by Bexi03
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