GBPCAD has Overextended to the downside, may see a pullback from the marked zone. Expecting a 80-100 pips move. The marked zone is highlighted as region of high volume cluster. May wait to see a good price action and a bullish divergence on MACD on 1hr timeframe. Take Proper Risk. Best of Luck!
Here is my idea, GBPCAD Still On bearish pressure. If you have any idea, leave comment and like below here
GCAD will sell around 1.75-1.73 price for tomorrows news. Volume is weak around 1.75 price point.
GBPCAD will retest this support before going long. We have a good entry level to consider
For long term i have idea for this pair. it seem create W pattern and start grow from now. Let see how market do it. Like this idea, and leave comment below
Here is my second entry BUY for this pair. As my last prediction before If you like this ide. Please comment and like this idea.
GBPCAD SWING TRADE: Buy confirmation after retest SL 20 - 30 pips
GBPCAD Trading Plan Sell - Riks Reward 1:3
4hr/Daily GBPCAD Technical/Fundamental Analysis 4:1 rr CAD economic calendar release is bullish Core Retail Sales VFI_LB i/o overbought levels GBP bound for reversal CAD BULLS STRENGTH
OANDA:GBPCAD Details on the chart. Happy Pips Pipdified.
GBPCAD is approaching a support zone. Along with that the 100D EMA at 1.7325 can also support the price. Hence, traders can long for BUY at 1.7315-1.7345 with SL below 1.7265. TPs can be set at 1.7400 and 1.7550 respectively. For daily signals, updates and ideas, check my signature at the bottom of this idea.
GBPCAD NECKLINE SHORT Bat Pattern with Head and Shoulders Pattern
I've been disgustedly inactive due to hectic school schedules as well as slow internet connectivity. For that, I will be publishing my rationale on why I entered the following trade. For the past days, I've been obsessed with Canadian Dollar pairs. If this Forex pair does break the graphed line, it may possibly dip to the 1.59500 area.
Bullish Bat Pattern nearing Completion. Point D sits at the 61.8% retracement. Volume is starting to decline as prices move downward indicating that bulls might enter at any moment. Notice as well that right below the D point is Monthly and Weekly resistance (broken line) levels. We also have RSI showing bullish convergence signal.