GBP/CAD went the same as we planned, now the question is whether it will break the structure around 1.74800 area, or will continue down to a deeper retest towards 1.71800 area. But since bad news is expected for GBP next week, and for CAD was good past week, I think it will definitely go for a deeper retest.
GBPCAD sell from 1.7100 area aiming for 1.6900 closes. Stops set at 1.71600 closes on H4.
SELL GBPCAD start: 1.71225 stop loss: 1.71525 take profit: 1.70543
New came out this morning for CAD on BOC statement, which we are looking to sell on the downside of the market. Look to scalp TP: 1.693-1.69
GBPCAD broke out of a triangle looking towards continuing the sell off. price pushing towards the strong 50% fib and stop loss above the 61.8 fib and downwards trendline. Next target is the next key area of 1.72264 with more potential. GBPCAD SELL LIMIT start: 1.74747 stop loss: 1.75408 take profit: 1.72396
Since BOC news from the Canadian dollar was yesterday that went up, we are looking at a downtrend that looks to form. Therefore, I am looking to sell GBPCAD to scalp based on the after effects of my strategy. TP: 1.749-1.746
On a Weekly level, you'll notice that it has reached a level of support and has touched 100% of the retracement. We have about 3 wicks indicating the power of the sellers pushing that price on the Weekly Time frame, so as long as it doesn't break that level it is safe to say that it will continue to drop. On the Daily, there is an obvious BOS(Break of Structure)...
Hi all, GBPCAD has recently broke our trendline and I expect price to drop, especially after a retest of the trendline! Have fun all!
Hi all, I believe that GBPCAD will fall in price! Possible breakout getting ready in a few candlesticks coming up!
As GBPCAD made its way to go up from Sunday to Monday, we could potential see a strong sell coming in the next 8-12 hours. The TDI indicator is giving a slight sell indication as GBPCAD is overbought. However, the red signal line and the green price movement line are distance. You want to give it time as its looking to sell soon.
There are many wicks for enough resistance for GBPCAD to sell now.
Enough resistance for GBPCAD to sell. Also check the Daily chart as well.
IM LOOKING FOR THE FINAL OF THE BULLISH CYCLE FOR PUT A BIG SELL IN THE BEGINNING OF THE BEARISH CYCLE. lf for a stop hunt or a good "M"
Looking like a sell may be approaching for the Sterling.
GBP/AUD - short term sell, possible swing short!!! CPI core inflation is likely to have fallen to 1.8% from 1.9%.
From a technical standpoint GBP/CAD should be a short. AB=CD pattern.