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...
ANALYSIS ON GBPCAD Welcome to my analysis - 1 Hour Chart - Interesting Point of interest In the GBPCAD pair. - Price still above 200 day EMA. - Expecting more upward momentum. - MACD showing bearish divergence so watchout. - TOP FOR SELL Trade carefully, buy pullbacks. Stay Tuned
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 -...
GBP/CAD is currently at an important level, if ht falls to 1.66 marks,go short
i can't put it in words, please read my mind :) #acefxanalysis
everything gets the meaning when is drawn. can u see that red B wave and look how complex corrections can become. on the next wave down that big diagonal is the third wave and now its making 4th wave. due to the shortness of the 2nd, 4th will be longer speaking of time. (from my observing 2nd and 4th are equal or inversely proportional) so the drawn form of 4th...
Technical view On Weekly timeframe GBP/CAD has showed rejection from very important Supply area. We can see Pin bar was formed last week which we can consider as a buy signal, also we can see pin bar on daily chart. MA10 and MA20 have crossed each other on Daily chart which means there are changing in the trend in play. I will be looking for buy orders on smaller...
OANDA:GBPCAD BUY FROM 1.6070 SL-1.5860 TP1-1.6710 TP2-1.7300
-->>daily support broken -->> strong downward momentum -->> sell till next support level
We are predicting the Harmonic Butterfly Pattern to complete as shown on the 1 hr chart, therefore our strategy is to trade the 4th leg of the pattern. FX:GBPCAD
GBPCAD is currently trading around a key level of support hence Im looking out to see some bull power in the next few hours or days
GBPCAD is approaching a support zone. Along with that the 100D EMA at 1.7325 can also support the price. Hence, traders can long for BUY at 1.7315-1.7345 with SL below 1.7265. TPs can be set at 1.7400 and 1.7550 respectively. For daily signals, updates and ideas, check my signature at the bottom of this idea.
GBP/CAD (more on our IG page - TWTI.trading) Heavy manipulation to the upside, wiping out many traders at 1.76400 and 1.77380! Patience and Timing were key to avoid heavy losses. Our team were in at 1.75837 but with stops carefully placed at key levels which kept our position in the market while other traders faced heavy losses. Target 1 +160 points Target...