A lot of 4h divergence. This could play both way, but is a critical level. If impulse to the downside starts, then we could have a really big movement on Daily
Hi, as you can see GBPCAD broke the previous top. If you look on the bigger picture we are at the top of the bigger correction. Taking the sell here is a great idea. It broke the trendline with an impulse. Don't jump in the sell right now. To confirm this big down move it has to make flag under the trendline. When it makes the flag only then i will look for big...
Watch Top for reversal - Resistance Top also 0.618 Fib Retracement level
Potential TP @ 1.67850 Stop lose may be put @ 1.70750
GBPCAD is still within the range. we anticipate a move possibly towards the bottom of the channel
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Respected followers, yesterday GBPCAD rejected its trend line to move down. We can sell this pair at current market price. Trade at your own risk.
GBPCAD IS NOW COMPLETING A REVERSAL WAIT FOR THIS TO COMPLETE AND THEN ENTER FOR THE LONG SUPPORT THE MOVEMENT WITH YOUR LIKES, COMMENTS AND FOLLOW FOR MORE
GBPCAD has retraced to Nicely on this. i am expecting it to break down soon, so keep you eye out for this one. See previous analysis I APPRECIATE ALL LIKES, COMMENTS AND FOLLOW FOR MORE
Downtrend confirmed for GBPCAD. We looking to see a trend continuation
TREND BREAKOUT + HEAD SHOULDER HEAD
Trend continuation trade
GBPCAD has a rule symmetry wave at the wave 2. Look left, The Reversal was at 44.6 fibo. Thus, I predict GBPCAD will down with 5 waves to complete the Bat Harmonic. Tp1: 1.68219, TP2: 1.66660 Stop loss: 1.71882
The price made a triple top within the downtrend line on the daily chart. After it, it broke the consolidation and now came back for the retest, already showing signs that the sellers are coming back to the game. I`m gonna wait for a strong price action and then I`m going short.
The last top has reached the Zone of Daily wave Should to sell follow the Reversal signal (drop beyond 120 fibo Extension) Sell from the wave 2 to wave 3
GBPCAD is down trending due to printing LHs & LLs, and it is moving in a descending channel, recently price action seems to print a new LH as a typical counter-trend and has reached to upper down trend channel and then inner counter trend line has broken and pulled back to near it, also forming a Head and Shoulder pattern is possible. All in all this is an short...
GBPCAD will fall soon after hitting the Strong resistance line or after completing the harmonic pattern.
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