I will be looking to sell GBP on support rejection on 1.78000.
GBPCAD NECKLINE SHORT Bat Pattern with Head and Shoulders Pattern
PAIR: GBPCAD TIME-FRAME: 4H TRADE: CYPHER PATTERN Waiting for a Long opportunity on the GBPCAD 4 Hour time frame. Hit that like button, please share and comment away before you leave! Click "Like" if you find the information useful. Click follow if you want to stay updated with my ideas.
GBPCAD Head and Shoulders Pattern!
GBPCAD will fall soon after hitting the Strong resistance line or after completing the harmonic pattern.
However overall i am bearish GBP markets since GBP index is weaker across the board, but for now i am looking to buy this market around this support and will hold till my green MA, thereafter i expect it to start fresh falls. Look for buys if you have your trading strategy. Trade Safe.
GBP/CAD wasn't able to keep up with the bullish daily trend move and moved under the 50 ema once again. It is now not showing any good signs of support and is barely able to keep it's current level. It's making more lows. I expect a break below the current support zone to happen within the next 48 hours. A good move to keep an eye one. Happy trading! Follow your rules!
GBP/CAD has made a double bottom (albeit imperfect) and a new high as well. Price has come back to re-test the previous high and looks likely now on the lower time frames (D, 4H) as well to push up.
GBPCAD is reversing from major resistance level with confluence signals in the chart
TWO WAYS TO BUY 1. AGGRESSIVE WAY - FROM "E" WHEN TRIANGLE COMPETED OR 2. WITH DISCIPLINE - FROM "D" LEVEL BREAK OUT
BUY bottom of channel with 0.382 Fib support FX:GBPCAD
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.