Analysis:
This is another setup that we see involving the GBP and this is pretty much the same as our GBPUSD setup. Firstly looking at price it's clear to see that we're in an upwards trend. We're forming higher highs and higher lows. We also have an upwards trendline which is being respected giving us even more confluence that we're in a strong upwards trend....
Weekly - two false breakouts followed by divergence after 2 waves down
daily - divergence and false breakouts
4 hour - divergence on RSI, MACD looking to break the downward trend structure and enter on pullback
FX:GBPCAD
The blue and red lines mean: I think prices can return in these areas.
Green lines mean: I think the price can reach these areas. They are therefore known as transaction targets.
If you want to use this deal, please risk only one percent of your account balance.
after a print of the cpi we expect markets to hold back the interest rate hiking expectations. structurally we expect it to complete the wxy pattern on the daily chart.
Hi everyone this is my trade set up for the CAD/JPY
This is my analysis only please trade with caution and risk management in place
look for pullback to zones lined off on chart then if it meets your criteria for a trade then execute
good luck for this weeks trading
please like and comment both are welcome thanks
GBP Strengh has been relentless
We favour the LONG side of this pair now having cleared liquidity at previous levels identified in last GBPCAD shared idea on this platform.
A NEW 52W WEEK HIGH SEEMS VERY DOABLE FROM HERE.
now we just need the retest To go in in the operation and go long, this will be the part 1 of our entry, the second one will be the short one that will we also really interesting.
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You can buy AUDCAD from 0.8943-0.8927
Stop-loss at 0.891
You will find more trading ideas in SAV Finance community.
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You can buy NZDCAD from 0.86-0.858
Stop-loss at 0.854
You will find more trading ideas in SAV Finance community.
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You can buy EURCAD from 1.462-1.46
Stop-loss at 1.457
You will find more trading ideas in SAV Finance community.
Fundamentals:- the bar on interest rates changed slightly for the U.K. when another member of the MPC voted to hike rates; making the vote 3-0-6. Although we still don't expect a rate hike this year it does bring the tightening of monetary policy into a more realistic curve upward. This could bring the GBP back from its recent sell off against some of the weaker...
CAD is over-valued and last month's candlestick was bullish. Trade as follows:
Buy: 1.274
Stop Loss: 1.269-Below December 21 lows
Take Profit: 1.29-this week’s highs
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Let me know what you think.
Theres a nice opportunity on selling UsdCad the upcoming week(s).
The daily time frame shows there a bit more space left to the upside
before it touches the restistance at 1.3575.
You can sell it at CMP with a stop at 1.3620. Maybe add another sell
position if it does touch the resistance.
1.33 would be the first target follower by 1.3180. Ultimately long term...
