. There is still a possibility of temporary retracement to suggested resistance line (1.7125). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. GBPCAD is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic...
GBPCAD - Long off the 0.618 Fib
GBP is still strong again the CAD and in an upward trend even with the big GBP sell off after comments form Boris on UK trade deals
Still waiting for an Entry signal however
gbp cad at around 50 pips risk free already, potential for this pair to just keep falling here without retracement. 382 fib, head and shoulders neckline break with trend line break. downside opportunity
Price is currently retesting broken support turned to Resistance with multiple rejections of this area (1.71846) on the hourly time frame. 61.8% is also acting as resistance around this area. I'm giving this trade a fairly big stop loss in case price wants to go higher due to a descending trend line, 78.6% and the 1.72000 area acting as an area of interest for...
Good morning everyone and happy Monday!
Before we being we want to wish you all a happy and prosperous new trading week, remember that its up to you and you only to bring success to yourself because no one is going to come to you and make your dreams come true!
In this watchlist we go over a few day & swing trading setups and explain why we have taken the trade...