Gbpcad Trading around 1.69 level Where we can see supply zone around 1.6950-1.70 level if hold below 1.7050 we can see a drop as correction toward 1.6750-1.66 Advice to sell in range of 1.69-1.6970 sl 1.7050 TP 1.6750-1.660
Potential Bat Pattern completing soon RSI about to hit overbought level R:R at 1.2 (TP1) and 2 (TP2) EP : 1.67592 SL : 1.68300 TP1 : 1.66732 TP2 : 1.66134 I will update when pattern completes
Hi guys, on the daily chart on GBPCAD you can see price is bouncing back and forth between two levels of structure. In consolidation periods like this it's quite frequent to see harmonic patterns unfolding. I think this could be a nice trade. Stops above X, targets as usuale for patterns. If you have questions, or simply share your view, you're welcome in the...
Hi guys, on the daily chart on GBPCAD you can see price is bouncing back and forth between two levels of structure. In consolidation periods like this it's quite frequent to see harmonic patterns unfolding. I think this could be a nice trade. Stops above X, targets as usuale for patterns. If you have questions, or simply share your view, you're welcome in the...
Gbpcad Trading around 1.6540 level rejecting 1.6650 strongly if hold below we can see a drop toward 1.64 where breakage of 1.64 may call for 1.62 also Advice to sell in range of 1.6540-1.6620 sl above 1.6670 tp1 1.64 TP2 1.62
After weeks of consolidation price finally broke out to the upside only to form a double top at previous support turned resistance. The second high of the double top is a LH signaling a trend change back to the bearish side. The monthly chart looks to be way overextended to the downside and a pullback is overdue. Will be looking for possible bullish HL to develop...
BoE is posting crucial economic figures today. Among them is interest rate, asset purchase facility and monetary policy summary and much more, so GBP is going to be a volatile currency to trade on this day. Technically, it looks very short against CAD. It's lower than closing price to the previous two days, so it's almost confirmed, but do not trade before we get...
I believe there is one more down for this Pair before it rallies. I will be waiting for correction if it breaks above the channel Resistance to BUY
Gbpcad trading around 1.63 where strong resistance seems above 1.6470 if hold below that lever we can see a drop toward 1.6050-1.58 Advice to sell in range of 1.63-1.64 sl 1.6520 TP 1.6050 TP2 1.58
FX:GBPCAD Safe Trades;
It's a strong resistance we a knocking at here. Even though CAD came out with disappointing numbers yesterday and GBP were a mixed bag - I still believe CAD is stronger and we'll see GBP continue down. It'll not surprise me if it jumps up today, but when that reverse happens I am in for a short.
FX:GBPCAD With my stops above the structure... a bad "short" is always a good "long" Safe Trades;
GBPCAD - 4HR Bearish Bat just above TL resistance We have a 2 Tier upper TL to possibly hit. Looking for a continuation down move, DAILY still Bearish, we are just at upper end. Not there yet, keep an eye over the coming week. Dont forget to hit the like button if you find these interesting, encourages me to post more
Hello Folks, Another good one for the day sell if it breaks. bigger picture is that we are looking for breakout to upside.
FX:GBPCAD Safe Trades;