I believe there is still more down side to this pair. I see a bullish Shark completing at a lower level around the 1.6961/92 zone. Still some room for this to fall.
Looking at GBP/CAD on the daily time frame price have made its first bearish leg, pullback is now for selling as I am looking to trade the second leg down. On the 4 hour chart MIDAS R1 (launched from 2016-08-03 12:00) have successfully captured the pullback together with a TD-Price Flip on the 1 hour chart. This potential trade setup have a great Risk to Reward...
BUY LONG AT 1.64460 WITH PROFIT TARGET AT LEVEL 1 FIBONACCI
For now on monthly chart we need to focus on BLACKA PARALLEL CHANNEL for any direction. If it hit upper black line then go short. Going long in this weak pair kinda risky now, even though it has been over sold and limited bounce is very common. The second channel can be the between the solid red line and the solid green line for more trading room. But either...
maybe will not retest resistance, it time to sell
Many countries in line strike deals.. inclusind China- 2nd article heatst.com 2nd article www.bbc.com I don't expect FOMC Meeting 2 be so jolly. do watch 4 it. -Gbp- Prelim Gdp & -Usd- Gdp soon BOC Press Conference www.bankofcanada.ca
Possible impulsive wave starting on GBPCAD, trade with care and good luck.
Great short opportunity presence, Head and Shoulder with retested neckline, Inside Bar with Fakey Key.
Watchlist for upcoming week. Emerging bullish Bat and levels to test.
GBPCAD has formed an ascending triangle. Usually these patterns represents a bullish trend however in this case, it is hard to tell and the possibilities of direction can go either way.
A clearer fundamental picture that GBPAUD with only one central bank decision being a direct influence. Friday's move was on the back of strong USD sell off into month end fix so we discount the break below 1.7300 to some extent, a break below Friday's low would be a more confident signal to short than selling rallies to 1.7300. BOE disappointment risk will weigh...
Hello traders , here we have a potential bat pattern forming its CD leg. We are looking to sell it. Also there is a rising wedge formation which seems to have broken out and move has already begun. There might potentially be a retest around the 1.730 level and positions can be entered upon the bounce from the trendline
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im entering Long for this pair, First Target marked in chart feel free to share your comments
Hello traders have a bat pattern completing at a previous structure level. Divergence is also available on the chart Cheers