GBPCAD - Inverted Head and Shoulder
GBPCAD - Downward channel here. Looking like we may see some form of rejection around the upper channel trend line. Lines up well with the resistance level and double top. As mentioned on the note, we will need to wait for rejection at our targeted zone.
ENG - Price breaking our supportive trendline and showing some oversold signals, the ideal would be to wait for a retest of this resistance zone and then look for confirmations for a short position. PT - Preço a quebrar a nossa supportive trendline/supportive zone e a demonstrar alguns sinais de estar oversold, o ideal neste momento seria aguardar pelo...
A similar scenario with GBPJPY: after hitting a Double Bottom in June 2020, The Pound began to build a Reversal structure this month (July 2020) as it Breakout of the neckline (1.69750 level) last week. Tendency: Temporary Uptrend ( Bullish ) Structure: Double Bottom | Support & Resistance Observation: i. Our Double bottom describes a change in trend which...
Enjoy a free signal before the week gets started Feedback, Likes, comments, and shares would be appreciated. GBPCAD Sell Limit: 1.7150 (Best entry takes the most patience) Stop loss: 1.7250 (100 pips risk) Take profit: 1.6680 (470 pips reward) Risk: 1% to 3% of account (recommended) Reward/Risk:...
Waiting for that strong break low; continuation pattern lower, or perfect retest and continuation down. Make sure to lock in profit if you get a 50 pips positive.
GBP/CAD Trade Setup you can enter in 10 mins
Please reference this analysis for your trading decision
Unless news butter nuts this squash, should head down shortly, enough hanging around in that zone.
Heres my analysis on GBPCAD before the week gets started. enjoy a free signal. trade at your own risk. BUY Symbol: GBPCAD Entry: 1.7555 (Buy Limit) Best Entry: 1.7485 (Buy limit) Stop Loss: 1.744 (-115 to -45 pips from B.E.) Take Profit: 1.767 (+115 to +185 pips from B.E.) Take Profit: 1.776 (+205 to +275 pips from B.E.)
Selling at 1.74262, potential 80 pip target with 40 pip stop, 1:2 or 1:3 carrying over to the next day.