I will be looking to short GBPCAD very soon. Price is approaching a major resistance area that confluences with an AB=CD pattern This is a big time frame chart. Profit area around 1.95
Hi all, Took this trade last night when price was near 2.0400 where the price was also bouncing off of. and was channeling on 15M. But breakthrough and trended upward. I was already in with my rules of Channel Breakout setup. GBP News went out during London session and boom, 170 pips when I woke up this AM. I advanced my stop loss near 2.0505 to lock in some...
Hi everyone in my opinion this is a valid pattern within a strucutre . Targets are highlighted on the chart Good Luck and lets see
I apologize for the disorganized appearance of this chart. The Red lines indicate times when the price reacted to the Fib Speed Resistance Arc. This blue line Represents a mirrored version of price action from mid 2004 to mid 2010. Due to its reactions to the fib levels in the recent past and the 10 year resistance level it is likely that GBPCAD does not have the...
GBPCAD surged to a new 7-year high at 2.0321 Friday (July 17, 2015), retracing over 61.8% of the 2.3564/1.4829 (2007/2010) fall The overbought technical indicators suggest caution for pullbacks. The support levels including 1.9890 and 1.9664 which house a 2.5-month rising trendline (from May 6, 2015 low) should hold dips. Further strength would target 2.0538 then...
Still awaiting confirmation, but I may be taking a long trade once I see further confirmation. NEWS: Employment figures announcement at 13:30 UK time which may confirm or invalidate the trade.
Watching this pair closely since I spotted what looks like a very significant top area, both in time and price. It's possible that GBPCAD will form an ending diagonal triangle and give us a great short opportunity in the coming weeks. The daily and weekly uptrend signals point to a top between the 9th and the 24th of July. It's also interesting to note that...
If the pricing is approaching much more the 2.000 on this pair, what could happen ? We don't know but here's my analysis of the last time we channeled around that price in October 2007 to end of December 2008. An almost complete year of constant Daily battle. The more i'm looking at it, the more I see it like a space movie where a ennemy is approaching the...
GBPCAD rallied strongly to make a new 7-year high at 1.9664 (June 30, 2015), retracing over 50% of the entire 2.3564/1.4829 fall (January 2007 peak/May 2010 trough). A break above 1.9664 would signal a 10-week rising wedge breakout, triggering further strength towards 2.0155 (June 26, 2006 low) ahead of 2.0222 (61.8% of the 2.3564/1.4829 fall). However, overbought...
Here we got another one of the infamous harmonic patterns with trend on the 4hr timeframe. This pair have been a little choppy the past weeks, so look out for how the price action is going to behave. We need an over sold RSI and a good retracement. Since this is a with short term trend we got 2 targets, i recommend to close half position at target 1, move stop to...
Short on GBPCAD Reasons for entry - RSI Overbought - Hitting Trendline - Pin Bar - Good R:R Exit Strategy - 3:1 Reward: Risk, not risking more than 2% of your account. Let me know what your thoughts are.
Hi everyone we have a pattern for GBPCAD which I think it is still valid. Also we a previous structure in my opinion. The targets are labelled on the chart. TP1:1.90807 TP2:1.9036 TP3:1.90073 TP4:1.89693 Lets see and Good Luck
A potential Bat pattern setting up in confluence with a previous resistance level. I would love to hear your opinion, feel free to comment, agree or disagree. ----------------------------------------------------------------------------------------- Always wanted to connect, learn and help one another throughout your trading journey? Join our community for...
Here we got a potential Bearish Cypher pattern about to complete on this sideways / uptrend madness that nobody wants to trade, but thats what patterns do best! Lets look out for the RSI to go over bought and then we sell like there is no day tomorrow! =D The offer on an entry to the Advanced pattern trading room here on TradingView is still open so please PM me...
GBP/CAD had a great fakeout last Thursday. The daily chart looked like it was breaking to the upside. The Canadian jobs report came in on Friday and smashed those dreams (and this is post a Ivey PMI that came in on fire @ 62.5). With oil holding steady, this is one of my high-conviction trades right now. I'm looking for the UK election gap to fill on this pair,...
Looking for HUGE cypher to complete. Decent CTS score. We have major structure to the left, RSI divergence, and fib ratio confluence around D completion.