price bounced from a resistance by big bearish ungulfing candell wich means there is a uncoming big drop FIBONACCI HAS BEEN USED FOR DETERMENATE THE TARGET POINT GOOD LUCK
Patience is key, right now waiting for good confirmation if price will hold or get back inside the up-trend channel! For my own pleasure, i would like to see scenario A happening! What do you think? leave your opinion in the comments! Also, if you like to discuss ideas and enjoy my analysis, join me in Telegram! Link in the bio
Hi traders :) I'm Guario and this is a forecast about GBP/CAD possible future price action. As we can see from the chart the pair has jus reached a very strong resistance down trendline and a bounce off it has just occurred. Stochastic oscillator is in the overbought area ( red rectangle) giving us an other bearish signal. I suggest to wait the price break the...
We saw two rejections failling to break out of the channel! creating a double-top pattern and now price is bellow the support line and re-testing as resistance! i'm in with 25pips SL ! LET ME KNOW WHAT YOU THINK! COMMENT HERE ON THIS PAIR!!
hey traders, GBPCAD has reached a strong resistance of the rising channel. the pair has formed a double top under it so I expect further bearish continuation downwards. Target levels will be: 1.73 1.72
Positive expectations for the upcoming U.K. general elections could keep sterling supported throughout the session, especially if polls continue to confirm the Tories’ lead. A couple of medium-tier reports from the U.K weren't actually impressive. Monthly GDP was above the previous but QoQ and YoY were lower than previous no good changes. The construction site...
Price currently at 0.618 retracement. Waiting for ascending trendline to be broken. Will be looking to scale in and take profit at 1500 pips.
After a long period of corrective price action in the form of an ascending channel, we can see price is approaching a high value area on the larger timeframe structure. With a little more development, we may see price momentum slow down further for a move to the downside. Personally I’ll be looking for shorting opportunities in the form of a sell stop below...
Beautiful zone for sell, it shall respect the daily trend line and go short
Hi there. Price is forming a reversal pattern to change its formation. Wacth strong price action at the current price for sell.
WE SEE GBPCAD TESTING THE TOP OF A BEARISH TRENDLINE WITH POSITIVE OUTCOME THAT CAME FROM CAD NEWS EARLIER IN THE WEEK WE COULD POSSIBLY SEE THIS PAIR DROPPING
Welcome to our weekly trade setup ( GBPCAD )! - 1 HOUR Bearish drop towards our support 4 HOUR Waving market structure at our lows and support zone. DAILY Overall very bullish market with pullbacks, enter long now! - FOREX SETUP BUY GBPCAD 1ST ENTRY @ 1.70630 2ND ENTRY @ 1.70050 SL @ 1.69090 TP @ 1.72330 RR: 1.1 / 2.35 Use 0.5% risk per Entry! (Remember to...
Price is below the 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and decent RRR. BO Entry = 1.7048 Stop = 1.7072 Risk = 25 pips Profit target = 1.6999 ( The daily KS ) Reward = 48 Pips RRR = 2 - 1 I would appreciate if you leave a comment or like as a thank you Have a great week!! Allen