Hey everyone, GPBCAD is short long term, however an opportunity to go long is here. Happy tidings everyone. Sincerely, Forexgod
Read text written in the chart.
i have put a tight stop and if it passes the 61.8 mark then i want out, but the reward is very nice here, we can see a decent R/R and so im going to risk a small amount on this trade.
Prices have shown a sign of failure, and now we have a very good entry point and reasonable stop loss level, just like in September, my expectations for G/C is still AB = CD
With the technical breakout of the head and shoulders pattern on the daily and the GBP not really performing to its fundamentals at the moment we should see the pattern complete before a move back to its highs. Also the reduced rig count in the US has caused the price of US light crude to start a move up which will help the Canadian GDP the balance on this trade...
False Break At Key Monthly Resistance Potential Head&Shoulders Pattern Formed On Daily Break, Retest And Further Drop From Daily TL Close Below Daily Support (However Price Is Still Hovering Above It On My Trading Platform So Waiting For A More Significant Close Price Below 20 And 50 MA Price Has Broken Below Daily Support, Now Awaiting A More Significant...
Last week, I announced the trade "GBPCAD Short again and" "CADGBP Clip - on trading!" At present has reached the target for 2, + 400 pips. This week I will work to update it.
In the last week,short GBPCAD had some benefits, this week I decided to expand the size of the positions,and adjust the target to 1960.
Hoping for Price Breakout. Buy above : 2.04381 Sell below : 2.03830
Break of Daily trendline Bearish Trend continuation signal in H4 Elliot Wave Wave 5 started in H4 time frame. Cannot show due to restrictions on account. Our target - is TP1 1.9840 TP 2 -1.9419 SL- 2.03536
Read the text written in the chart , we need to see candle confirmation before involved in the trade
Objective: Short at D Notes and targets on chart; 1. Unless the price goes directly to point D, we can expect a small retracement testing previous structure, then, bulls can take, eventually, new control of the game. IF so, and IF we get point D, Then, i will enter in a short position there; 2. Poin X hit one major resistance forged in previous years.(red...
Learn 2 trade like a pro - boafx.com - We are looking at taking a tecnical long in the fundamental direction for the GBP/CAD. The canadian dollar is weaker than the GBP at the moment and especially now that Oil has dropped back below the 44$pb handle. I expect to see weakness in the Canadian across the board.
Second Condition If this candle close s Above The Upper Trendline In Green Then I am Long With Take PRofits @ Upper Flag Out@breakeven Happy Trading Short Pending Order@2.02451 Canceled for take profits@ downward Trendline Breakout Alright Market Did not close Below Trendline To confirm To Short So Quite A Breakeven Trade
Guys i have published this using the weekly time frame because i wanted everyone to see my reasoning behind this trade. I'm putting Elliot strategy into effect here as you can see a clear 1 to 5 climb so i'm banking on the ABC formation now. wave 5 has to be the shortest climb as wave 3 can not be the shortest. i have marked out support at around 1.93700 and that...
Never underestimate the god cloud. This is a guaranteed dive!