GBPCAD - UPDATE - WATCH FOR BREAK DOWNWatch Top for reversal - Resistance
Top also 0.618 Fib Retracement level
Gbpcadforecast
GBPCAD - CONSOLIDATING HORROR!There is a good chance of one more move up for GBPCAD Before a nice fall; All these are still within the consolidation. ThisGBPCAD consolidation will last for quite some time, but there will be a lot of good trade set ups in it.
long gbpcad at 1.6930 to target 1.7050 =120 pipslong gbpcad at 1.6930 to target 1.7050 =120 pips
- oversold
- rsi bearish divergence
-gbp underperform
-Cad overperform
GBPCAD rejected its trend lineRespected followers, yesterday GBPCAD rejected its trend line to move down. We can sell this pair at current market price. Trade at your own risk.
GBPCAD - SHORT TO BUY - > :)GBPCAD IS NOW COMPLETING A REVERSAL
WAIT FOR THIS TO COMPLETE AND THEN
ENTER FOR THE LONG
SUPPORT THE MOVEMENT WITH YOUR LIKES,
COMMENTS AND FOLLOW FOR MORE
GBPCAD UPDATE - watch this for dropGBPCAD has retraced to Nicely on this.
i am expecting it to break down soon, so keep
you eye out for this one.
See previous analysis
I APPRECIATE ALL LIKES, COMMENTS AND FOLLOW FOR MORE
GBPCAD - INTRA DAY LONG ENTEREDHey folks,
We have also entered GBPCAD long as we had a confirmed intra day 50/50 bounce.
Again we have a 1:1 RR (not the best I know) but our stoploss is very unlikely to hit as we kill the trade once price closes BELOW 13 EMA.
Let's see how this works out :)
Short idea for GBPCADGBPCAD is down trending due to printing LHs & LLs, and it is moving in a descending channel, recently price action seems to print a new LH as a typical counter-trend and has reached to upper down trend channel and then inner counter trend line has broken and pulled back to near it, also forming a Head and Shoulder pattern is possible.
All in all this is an short idea and it would be triggered if we could see price break local pullback trend line in lower time frames (for example H1).
GBPCAD Bearish Harmonic Pattern and Strong Resistance above!GBPCAD will fall soon after hitting the Strong resistance line or after completing the harmonic pattern.
GBP/CAD just made fake broke of 2 months low 1.7052GBP/CAD just made fake broke of 2 months low 1.7052. On the chart, we can see that currency rate bounced up on 725 pips from that level.
For me, it is a safe place where I can open a Long position.
I opened buy at: 1.7064
S/L: 1.7022
T/P: 1.7355
Many of you wrote to me about loses on USD/JPY.
Dear Friends, you need to know that I don't guarantee you that every deal will be in profit. I am a trader, not a scammer. Sometimes there can be even a month closed with loses.
Also, you need to know that even with 40% of profit deals I still earn money because my minimum risk-reward is 1:4 or more. As a trader, you can trade only probabilities.
Also, you need to know I work in FX broker. I sew many traders who make 100% every month but in 99% cases all of them blow out all their money in 3 – 6 months and live trading after that.
That why I totally recommend to you to trade with proper risk management.
GBPCAD Short term BuyHowever 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.
GBPCAD Sell setupGBPCAD accelerating in a multi-days bearish channel, with succession of lower top, i am expecting it to make a new low over the coming days, since momentum indicators are suggesting the view as well, if you have your trading strategy, look for short plays.
Happy Trading.
GBP/CAD - 200 Pips+ Bearish Move OpportunityGBP/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!
Look for sell (GBPCAD)Hi, Traders
Currently market making a flag pattern it may be abc corrective structure but in any case it is sell with higher probability.
Note: This is mere a idea not a trading signal to trade. Trade carefully !
Thank you for your support !
GBP/CAD PRICE ACTION LONG IDEAGBP/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.
short at 1.8120 to target 1.8045 = 75 pipsi short at 1.8120 to target 1.8045 too much overbought 75 pips to take
i open 2 x 1 lot when my first lot reach 30 pips of gains i cut it and take profit and on the second lot i will make a stop at + 15 pips in case if not going to my target for lost nothing.
Stop loss = none if the price up 50 pips i add 1 short..i no make stop loss on an overbought like that
also cad underpeform coz of Poloz comment and the fall of wti but a pull back will come as all time
