After a clear head and shoulder figure, the market reached in uptrend the main resistence at 0.5872, stopping the uptrend at about 0.5926. We expect a downtren and a bounce on the support at 0.5780, entering long untill the TP1, TP2 and TP3. Let us know about your opinion! Enjoy traders!
Entered as shown on chart. Will have a dynamic approach in casw it shows signs of continuing up.
Symbol: CADGBP Timeframe: 30m Indicator: 9 Seasons Rainbow Multi TimeFrames Pattern Signals: Short Timeframes: Green -> Light Green Context - Long Timeframes : Red Series, Purple * 2 SETUP: SHORT ENTRY @ 0.568 SL @ 0.5701 T1 @ 0.5651 T2 @ 0.5631 Manual Stop Conditions: The upper ribbons turns Green I appreciate your like or comment. Welcome to share your...
cadgbp is dipping into the weekly zone (purple) so I am waiting for it to reject area and shoot up.
FX:GBPCAD Currently GBPCAD is trapped under a descending Trendline, however it looks as though it is building momentum to break above the trendline as per its peer GBPAUD I see a rising wedge on the 4H and above the 100 and 200ma so is supported decently well, Daily close was strong with daily support of 1.73228 holding. Looks like the corrective move is getting...
Hi my friends, in my view GBPCAD have Bullish Trend, you can see that Technically Trend is High. Strong Support in Daily chart with Rising Wedge View,
I'm currently exploring a strategy involving hourly charts but I thought that it can't hurt to look at a daily chart for a bit of fun. So this is a longer term trade than the previous few I have posted. Looking for a bat pattern to set up at around 0.4998, going short at the .886 retracement which can be seen above. Also a nice amount of previous structure...
I messed up the original post for this so I am trying again. The Canadian Dollar has rebounded well against the British Pound leaving a bigger picture demand zone below @~0.5140. Price is now coming to an area where there might be a sharp decline away. This supply zone @~0.5360 is also the 50% pullback area of the original down move indicated by the red...