Get started
mariosimon

GBPCAD long

Long
British Pound / Canadian Dollar (FX:GBPCAD)  
mariosimon Updated   
FX:GBPCAD   British Pound / Canadian Dollar
Trend Analysis Chart Patterns
5
0
trendanalysis chartpattern
possible tripple bottom on 4h and also bottom at the weekly
Comment:
The Support is still firmly holding, expecting rise soon, after this consolidation, GBP was weak recently, expecting new impulses

RSI oversold on weekly, monthly, daily - expecting trend change

Risk Reward Ratio is very good
Comment:
First to 1,70 - Daily Trend Line
Second to 1,85 - Weekly Trend Line
Thirdly over 1,85 - Monthly Trend Line
Comment:
Still possible moving upwards
waiting for decision of the BoE about the "historic" rate hike
so for now it looks like "diamond pattern"

Related Ideas

mariosimon
GBPCAD possible long - interest rates decission comming
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.