Dear, I don't trade GBPCAD but as my main pair is GBP/USD, so I have idea of GBP pairs. Today most of the GBP pairs are making bullish movement so I am expecting that GBPCAD should also make bullish movement. GBP/USD is now trying to break the resistance and looks like it will break this soon and then it will fly. I hope GBP/CAD will also move along with GBP/USD and hope so you will get good profit from your trade.
Have a good and profitable day mate!
GBP/CAD today market trend has bulish trend & it has buy option at this pivot point 1.6834.
I predict this pair have BULLISH TREND.
Price will be breakout at the Resistance level 1.7010 and it is Flying Up side with having the Long term signal with the parabolic sar.
Same as indicators are shown.
share your analysis thnx.
Hi guys! Good afternoon, how is your trading going on today?
I am more excited today, my analysis and trade on GBPCAD in the morning is going on well for me. I have more than $55 profits the last time i checked my trading chart shortly after making my screenshot. This is good for me this week, i love that,
However, i am still bullish on the trading of GBPCAD, and with what i am seeing presently, i am certain that this asset will still go up to test nothing lesser than 1.6970 level, and a break of that level will make this asset to test 1.9038 resistance level as well.
Let's discuss on this guys, and i wish you good-luck today!
well, i think buying GBPCAD was very good idea because CAD is weak right now after that bullish running last Friday during CAD data , i in the same same time GBP still stable against all currencies so buying GBP is very good trade
according to my waves analysis i think the pair has competed one wave @ 1.695x levels and you can see a new bearish movement on H1 time frame and that means is better to close your trades and sell it with +50 pips as target
Or you can wait or it to buy it again @ 1.6860 levels with +1.70 as target , but you should know that the major trend still bearish for long term , have a good luck
Tahirachemist81 - Trading journal
Hi guys! Good morning to you, how is your trading going?
Guys, wonders shall never end, i experienced a very terrible time in the market yesterday. My trade on GBPCAD that had initially given me about $70 profits just went down suddenly, i almost cried, that was a very bad experience for me.
Well, i narrowly escaped the margin call on my account that yesterday, the GBPCAD is now getting more stabilized and looks more bullish in structure. That is the reason why i left the trade open, i hope i will make it with this trade today.
What is your opinion about this trade guys?
Well , i see that GBPCAD is so boring right now because both of CAD and GBP are weak so this will give us a weak and slow movements os for now its better to wait for a clear direction
You should lock your profits mate , 70$ profits was good amount so next time try to close half of position or use a trailing stop , greed is the most common reasons to lose in the market .
according to my analysis this i think CAD will be strong again tomorrow and Friday too but GBP will slow down and go more down later so its better to close this trade on small profits or even 0 profits instead of loss , good luck
Hello mate, You gathered a good experience yesterday. I am happy to hear that you safe from MC. I knew you were very bullish with gbpcad. Yesterday evening the British pound suddenly went down when you may be faced this problem. You had a very preservative trading system, but suddenly you have changed your strategy and open big lot.
Mate, high risk permanently not good for his business, you understand that importance yesterday. Have a good day.