as you can see i have drawn the H&S pattern onto my chart because the price respected the neckline and price is currently floating around the price of the left shoulder. if we look into 1 hour time frame, there are visible signs of price losing its strength and also getting weaker. in this scenario i thought it was best to execute in the 2 hour time frame because...
38.2% & POSSIBLE 61.8% Retracement LONG GWAVE.
FIB Retracement Percentage is calculated in a Higher Cartesian and or Euclidean Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS
- PRICE BROKE OUT OF A FALLING WEDGE WITH A STRONG BULLISH CANDLE
- RETEST PINNED AWAY WITH A LONG PINBAR
- PRICE RESPECTING ZONE WHICH HAS BEEN TESTED AS SUPPORT
38.2% & POSSIBLE 61.8% Retracement LONG GWAVE.
FIB Retracement Percentage is calculated in a Higher Cartesian and or Euclidean Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS
As shown on the chart. GBPCAD has formed a falling wedge with bullish intentions on the daily chart. Wait for a breakout to long on the 4H and 1h chart.
i posted my analysis before about this trade dropping from a massive rejection on the daily from a double top now we have had are impulsive movement down now testing and trying to break a major ascending channel iv set my order just below price so if this move is confirm then i will be in the trade
happy Friday :)
- AS PRICE DID NOT PUSH UP AS EXPECTED AFTER THE BREAK OF THE FALLING WEDGE
- PRICE HAS MADE A RISING WEDGE AND NOW PRICE HAS BROKEN THE RISING WEDGE
- PRICE ALSO RESPECTING RESISTANCE ZONE ABOVE
- LOOKING TO FOLLOW TREND (DOWN) AFTER THIS CONTINUATION PATTERN
- NICE 4H BEARIHS REJECTION CANDLE, WANTING A 50% RETRACEMENT FOR ENTRY OF THE PREVIOUS 4H BEARISH...
We have a potential long position forming on GBPCAD, once we have a bounce off 1.71412 we will make our long entry on the pair. The trade exit will be at previous 4 hourly high of 1.74776 and the full trade will generate 337 pips!
The British Pound vs. the Canadian Dollar. This is one of the most traded pairs in the world. The Canadian Dollar, often referred to as the “Loonie”, is considered to be a commodity currency because of Canada’s heavy energy exports.
