yes correct Sell it now and it will drop massively and see the description in the image. GC is in overbought situation and price has retraced from the 0.382 fibo level. Note: Trade at your own risk. We are providing free forex signals. You can join clicking below telegram link or comment your telegram username we will add you there. Join with us for free...
ANALYSIS ON GBPCAD Welcome to my analysis - 1 Hour Chart - Interesting Point of interest In the GBPCAD pair. - Price still above 200 day EMA. - Expecting more upward momentum. - MACD showing bearish divergence so watchout. - TOP FOR SELL Trade carefully, buy pullbacks. Stay Tuned
GBP/CAD is currently at the top of a bullish channel and it appears that it's time to short (at least in the short-term) or at the very least it's time to exit longs and wait for re-entry. Check out my other GBP posts that should be up within the next few minutes. They are showing the same thing! COLOR KEY (which time frame each markup is based on): RED -...
i can't put it in words, please read my mind :) #acefxanalysis
Bear flag, retest, & declining volume. I expect a price break down that will end up between both white support zones.
GBPCAD is expected to drop to 1st support at 1.63616 where it could potentially react off and up to 1st resistance at 1.66041. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
GBPCAD expected to rise up to 1st resistance at 1.63224 where it could potentially react off and drop down to 1st support at 1.61143. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Expecting further downside from here. Price created a double top, the ascending trend line has now been broken and we have a solid closure below structure (1.6195) and the 4 hour 50ema. I'd like to see a push lower with entry's taken upon a retest of previous support (now resistance). Alternatively we may see price pop higher and retest the 4 hour 50 before...
GBPCAD is approaching its resistance at 1.61834 where it is could reverse down to its support at 1.60360. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
GBPCAD expected to rise up to 1st resistance at 1.60313 where it could potentially react off and drop down to 1st support at 1.59335. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Shorting opportunity with low risk, possible RR of 1:4 or higher depending on your own analysis and projection of price. 60 pip stop loss and 250 pip target minimum. Use your own trailing stop plan if this trade takes off. Momentum and daily structure is behind this short. Price could swing up and take out the stop loss in order to grab sellers but based on...
DAILY DEMAND ZONE AND SUPPORT BROKEN THEN SELL TO THE NEXT DAILY DEMAND ZONE
-->>daily support broken -->> strong downward momentum -->> sell till next support level
BUY Market Execution SL: 1.58389 TP1: 1.70150 TP2: 1.76225