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
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Gbpcadidea
GBPCAD - BROKE THE CONSOLIDATION - SHORT OPPORTUNITYThe price made a triple top within the downtrend line on the daily chart. After it, it broke the consolidation and now came back for the retest, already showing signs that the sellers are coming back to the game. I`m gonna wait for a strong price action and then I`m going short.
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 :)
GBPCAD Bearish Harmonic Pattern and Strong Resistance above!GBPCAD will fall soon after hitting the Strong resistance line or after completing the harmonic pattern.
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!
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.
GBPCAD LONG SET UPTWO WAYS TO BUY
1. AGGRESSIVE WAY - FROM "E" WHEN TRIANGLE COMPETED
OR
2. WITH DISCIPLINE - FROM "D" LEVEL BREAK OUT
Sell GBPCAD Longterm Based on H&S Chart Pattern on Weekly TFThis research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
Please comment below and Like if you agree with my analysis.
GBPCAD LONG SET UP / BULLISH INVERTED HEAD AND SHOULDERS BASE ON PRICE ACTION I FOUND A INVERTED HEAD & SHOULDERS PATTERN WITH A MINI DOUBLE BOTTOM ON THE FORMATION OF THE RIGHT SHOULDER.
Crude oil strength means Loonie strength v1I'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.
GBPCADBullish 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.
GBPCAD Short ideaGBP CAD seems to be short for the moment.
Once on the trendline 2 options, break, consolidate and then go down for more, or retest at the top.
GBPCAD Short IdeaHello Traders,
Price is forming trend continuation pattern, ther is no momentum to the upside. Look for sell as much higher as you can.
Good Luck!
Cheers,
Jonas
GBPCAD Short IdeaHello Traders,
GBP still under pressure, it is forming trend continuation so we may see further down side. Watch to sell as much high as you can.
Good luck!
Cheers,
Jonas
