A new Idea Elliot Analysis GBPCAD ,,,,look at the chart everything over there and I wish to made a lot of profit Good luck for everyone Zuhair
i short at 1.7333 for target 1.7245 because rsi divergence in h1 it seem to be actived overbought in h4 CAD underperform against GBP GBP outperform especially since the missed bad retail sales 88 pips gains i open 2x1 lot and i will cut the first lot at +30 pips and add a stop loss to the second lot at + 10 pips for secure 40 pips in case my trade was wrong
Price has been playing in this ascending channel, and we looked for a long on this pair, however, price failed to reach its previous high and/or create another high, which shows a slow down in momentum. This is followed by the break of this ascending channel and now we have a bit more confirmation to look short. Price is also currently under the 50 ema (which acts...
i short Gbp cad at 1.1732 due to many speculation and rumour +overbought much and cadneed to rebound also for target no far 300pips at 1.7152 i in 2-=days (sorry my arrow was nt that mu target place i forget too moved back when i found first support at already (280pips) entry at 1.7332 ytarget at 1.7245 gain 87 pips NOT FORGET S MANAGE YOU STOP PROFiT DO...
BUY bottom of channel with 0.382 Fib support FX:GBPCAD
To enter with confidence, Wait for the price to breakout the neckline. Risky people can take position in the same range.
As you can see on chart, I think we have a little retracement and then I would expect to move up Good luck!
I think after long way down we should have a big movement on this pair so keep your eyes on it Good luck! :)
Entry at 88.6% Stops above X Targets 38.2 and 61.8
BASE ON PRICE ACTION I FOUND A INVERTED HEAD & SHOULDERS PATTERN WITH A MINI DOUBLE BOTTOM ON THE FORMATION OF THE RIGHT SHOULDER.
Here a long position in GBP/CAD cross pair is presented. I've entered into this position based mostly on the fundamental picture, where CAD already appreciated due to the unexpected rate hike in October which was probably premature and won't be followed by other rate hikes this year, while British Pound is on its way to appreciate due to expected rate hike in...
FIRST: Huge warning for this long, BOC interest rate decision in 1H. Technically , price broke through resistance; range breakout trade; targeting bullish flag in supply; also, inv H&S present with neck line taken out. Again, BOC event might give or invalidate this setup. Trade a your own risk.