Gbpcadshort
GBPCAD Yet To Reach 161.8% Fib... Looking at GBPCAD, we can see that the previous BEARISH movement failed to reach 161.8% fib level. In fact, price retested the broken support level @1.6950. This could signal another wave of BEARISH movement as we are currently eyeing for 2 possible price rejection level. I have identified the supply zone (red area) where I strongly believe BEARISH pressure will take price towards minimally the 161.8% fib level and even the strong support @1.6785.
Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!
GBPCAD Idea.G'day Guys
Let's analyse GBPCAD.
Based on current economic situations on both country. Am expecting this pair heading to south which is to complete the market cycles.
As i mentioned, its will not happen overnight. We projecting the future market based on human behavior toward the market.
Today am looking for correction happen in GBPCAD before making any entry. As we Sell when price is Expensive. Buy when price is cheap.
Let's see what happen next... Cheers
GBPCAD, Daily tf, HnS pattern in playAs you can see price right now making a clear HnS pattern.
All GBP crosses already melt down during the last 2 days and only GBPCAD remains.
We could see this pair melt down following previousy GBPNZD and GBPAUD. Both pairs was mentioned in my post previously and both trade hit my target profit.
Sell GBPCAD 1.7290
Stop loss 1.7460
Take profit 1.6800 (2.9R)
Use 1-2% risk
Good luck
GC Trade Idea (from the Legacy Live Trading Sessions)This was a trade idea taken from the Legacy Live Trading Sessions. Moving Averages Show some potential continuous downtrend signs. If you'd like to participate in this trade, please use proper risk management. But if you see something different, please comment below. I'd like to know your thoughts on this trade idea.
GBP/CAD Finally Close Below Very Important Support Level Short ?This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions