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Gbpcadforecast

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).
Short
by suncity
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.
Long
by Yuriy_Bishko
6
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
Short
by corsicasia
Short at 1.7332 for target 1.7245 (97)i short Gbp cad at 1.1732 due to many speculation and rumour +overbought much and cadneed to rebound also for target no far 300pips at 1.7152 i in 2-=days (sorry my arrow was nt that mu target place i forget too moved back when i found first support at already (280pips) entry at 1.7332 ytarget at 1.7245 gain 87 pips NOT FORGET S MANAGE YOU STOP PROFiT DO SAME AS BE FOR BE SAFE oen 2 postion when one reach 730-50pips cut it and let the second position with a stop lost a +15-20 pips and more gbpcad will down more you down your tp for mke safe more pips
Short
by corsicasia
GBP/CAD 1H Chart: Falling WedgeGBP/CAD 1H Chart: Falling Wedge The British Pound is losing value against the Canadian Dollar in falling wedge pattern that began to transform from a descending channel in the middle of last week. At the moment, the wedge consists of multiple reaction highs and three reaction lows, which means that it might be broken already in the nearest future. Even though the graph point out that the breakout should not occur before the pair reaches the monthly S2 at 1.5878, in reality the pattern might be distorted by any more or less significant fundamental event, such as the Jackson Hole Symposium. Given that the northern side is secured a by various technical barriers, such as the 55-, 100- and 200-hour SMAs, the success of the potential surge is doubtful even if it contradicts to the trade patterns theory.
by UnknownUnicorn890690