GBPCAD – Sellers might be ready to hit again
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GBPCAD – Sellers might be ready to hit again
Trend: Sell/ Neutral
Support/Resistance:
R2: 1.72774
R1: 1.70913
S1: 1.69772
S2: 1.69200
S3: 1.67039
Price action:
Sellers might be ready to hit again, counted from power they showed last days. Overall trade is still buyers till sellers prove reverse, if they will. This is clue to follow Elite strategy instructions.
From price action flow, sellers might retrace from R1 level or go straight to first targert. If sellers are able to hold below first target, which spot is more important then this moment, we can easily go further to second target or even lower.
Thoughts on this trade spot: At the moment GBPPCAD currency pair is getting strong bearish signs but still we recommend to follow daily updates.
Continuation from previous week*
Potencial trade idea:
Bulls targets:
T1: 1.72774
Bears targets:
T1: 1.67039
NOTE – We are trading GBPCAD via the preferred trading setups by EliteFxAcademy
Disclaimer: Martin’s views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don’t publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course.
Keywords:
Elite strategy, Custom Indicator, fundamental Analysis , Tehnical analysis, Price action, advanced strategies, Trading Education
Good trading!
Elitefxacademy
Use our free analysis where you have everything you need for potencial trade ideas and profit.
GBPCAD – Sellers might be ready to hit again
Trend: Sell/ Neutral
Support/Resistance:
R2: 1.72774
R1: 1.70913
S1: 1.69772
S2: 1.69200
S3: 1.67039
Price action:
Sellers might be ready to hit again, counted from power they showed last days. Overall trade is still buyers till sellers prove reverse, if they will. This is clue to follow Elite strategy instructions.
From price action flow, sellers might retrace from R1 level or go straight to first targert. If sellers are able to hold below first target, which spot is more important then this moment, we can easily go further to second target or even lower.
Thoughts on this trade spot: At the moment GBPPCAD currency pair is getting strong bearish signs but still we recommend to follow daily updates.
Continuation from previous week*
Potencial trade idea:
Bulls targets:
T1: 1.72774
Bears targets:
T1: 1.67039
NOTE – We are trading GBPCAD via the preferred trading setups by EliteFxAcademy
Disclaimer: Martin’s views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don’t publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course.
Keywords:
Elite strategy, Custom Indicator, fundamental Analysis , Tehnical analysis, Price action, advanced strategies, Trading Education
Good trading!
Elitefxacademy