gbp cad double top
and the last down move is about to come. Trade with care.
Strong bullish wave (a) ended at level 1.7025 after breaking downtrendline then corrective bearish wave (b) rejected from demand zone at level 1.6875 which corresponds to 61.8% Fibonacci level Price is based above HVN at level 1.6909 which indicates that pair is in accumulation phase MACD shows bullish momentum RSI is above level 50 It's expected for coming strong...
This looks to be in the process of forming an inverse head and shoulders pattern. So will trade with the move over time. I actually want it to go bullish, but we need a strong confirm for that to happen. So let's what happens. I also have to update my map. That's why you don't see the zones just yet. BULL TPS: • 1.69934 • 1.71040 • 1.71708 BEAR TPS: These...
4 hour stochrsi almost reset 4 hour bullish rsi divergance 4 hour double bottom .786 fib level retrace
GBPCAD respects downtrendline Price is below key level at 1.6990 based below HVN at level 1.6942 which indicates that pair is in distribution phase Price broke lower edge of rising wedge pattern with strong bearish movement Rejected from SMA 100 RSI rejected from downtrendline It's expected for coming strong bearish wave (c) to target level 1.6638 which...
Looking for a drive to the upside on GBP, as there has been excessive selling pressure with strong buyers on the dip. Easier to take this trade in the European market for Liquidity Big Picture View Strong: None Weak: CAD This trade is invalid after 29/06/2020 @ 9 pm BST. Follow me on Tradingview or DM in the chat. Don't forget to hit the like button 🐉...
🔸 4H CHART EXPLANATION: . . 🔸 Price broke the Weekly Ascending Trendline. . 🔸 Now, it is making a corrective move on a pullback to the broken trendline. . 🔸 If this structure is broken, then there is potential for a downside move towards the Support Zone. . 🔸 Will look for a lower timeframe bearish setup if the structure is broken. 🔸 DAILY CHART ANALYSIS:
Welcome to our weekly trade setup ( GBPCAD )! - 1 HOUR Bullish week closed above main sr level. 4 HOUR Expecting another push to the upside. DAILY Overall bearish market about to turn, good long entries! - FOREX SWING BUY GBPCAD ENTRY LEVEL @ 1.69160 SL @ 1.67710 TP @ 1.71270 Max Risk. 0.5% - 1%! (Remember to add a few pips to all levels - different...
GBPCAD broke neckline of inverted Head & Shoulders pattern at level 1.6919 Price broke corrective downtrendline Above SMA 100 RSI rebounded from uptrenline It's expected for the continuation of bullish momentum to target first key level at 1.7055 then finally target supply zone at level 1.7177 as a classic target from inverted Head & Shoulders pattern
GBPCAD is trading in a bearish trend. the price started to recover as it reached 1.676 support and it was steadily growing within a bearish flag formation. today the flag was broken to the downside and the market has perfectly closed below its support on 1h. retesting the broken flag, chances are high that the price will start falling. initial target:...
GBPCAD has been making beautiful break and retests on its way down. We are now waiting for yet another retest. Wait for price to pullback to the yellow box and short it to hell! Goodluck
GBPCAD has been making beautiful break and retests on its way down. We are now waiting for yet another retest. Wait for price to pullback to the yellow box and short it to hell! Goodluck