GBPCAD - Inverted Head and Shoulder
1. GBPCAD bounced from the falling channel's resistance 2. A weekly close below the critical support & resistance of 1.7250 area 3. Hidden Bearish divergence in play to push it further down 4. Now it's holding the rising trendline support Trade Idea: Sell trade will be triggered on a break of the rising trendline and successful retest as a resistance. Target 1 is...
Enjoy a free signal before the week gets started Feedback, Likes, comments, and shares would be appreciated. GBPCAD Sell Limit: 1.7150 (Best entry takes the most patience) Stop loss: 1.7250 (100 pips risk) Take profit: 1.6680 (470 pips reward) Risk: 1% to 3% of account (recommended) Reward/Risk:...
Waiting for that strong break low; continuation pattern lower, or perfect retest and continuation down. Make sure to lock in profit if you get a 50 pips positive.
Unless news butter nuts this squash, should head down shortly, enough hanging around in that zone.
Note: Idea is to complement your research. Check comments section for future updates on idea. Like this idea? Like, Share, Follow (...) Thank you and Happy trading.
Thanks for Taking Interested in my Trading Idea. GBPCAD: WAIT FOR SELLING ZONE. Note: This is only for Educational purposes; this is not investment advice. Thanks for your support!
Another long term trade here, longs if we see rejection of the trend line as well as the 78.6 fib level to take this all the way up to past highs. 750 PIP GAIN 5/1 RR
the price broke, retested the trendline, expect it to move downwards.
4hr/Daily GBPCAD Technical/Fundamental Analysis 4:1 rr CAD economic calendar release is bullish Core Retail Sales VFI_LB i/o overbought levels GBP bound for reversal CAD BULLS STRENGTH
We had an invalid double top pattern here and the pound returned very quickly to the resistance line and again made a small downward trajectory that didn't hold up either. Upward trend. Because we did not break the resistance at 1.7020 Buying now will be dangerous but bold, for those who want a confirmed technical template that will wait for the breaking of the...
GBP/CAD is currently at the top of a bullish channel and it appears that it's time to short (at least in the short-term) or at the very least it's time to exit longs and wait for re-entry. Check out my other GBP posts that should be up within the next few minutes. They are showing the same thing! COLOR KEY (which time frame each markup is based on): RED -...
-->>daily support broken -->> strong downward momentum -->> sell till next support level
BUY Market Execution SL: 1.58389 TP1: 1.70150 TP2: 1.76225
GBPCAD NECKLINE SHORT Bat Pattern with Head and Shoulders Pattern