GBPCAD Trade Long

British Pound/Canadian DollarFXCM

Description

⋅ Aug 26, 2015 6:38 PM

Hi everyone we have a pattern on GBPCAD which in my opinion is valid. The targets are highlighted on the chart.

Lets see and Good Luck :)

Comments

IvanLabrie

⋅ Aug 26, 2015 7:15 PM

Oh Kevin my friend...check this out:

IvanLabrie

⋅ Aug 26, 2015 7:15 PM

If we get your pattern's retrace, I'm a seller.

stragaw

⋅ Aug 26, 2015 7:22 PM

thanks!

IvanLabrie

⋅ Aug 26, 2015 7:24 PM

Yes, I'm 70% sure this is the TOP in GBPCAD.

KevinSinghDhaliwal

⋅ Aug 26, 2015 7:26 PM

Yes, will be looking to short as well on the retrace

KevinSinghDhaliwal

⋅ Aug 26, 2015 7:29 PM

Hey Ivan, Do you think price could go that high on this pair? might be bearish before that?

IvanLabrie

⋅ Aug 26, 2015 7:56 PM

How?
It already topped I think. Where that high? It reached my target and reversed.
The light blue line is an indicator that analyzes trends called RgMov (a proprietary indicator by Tim West).

KevinSinghDhaliwal

⋅ Aug 26, 2015 8:04 PM

Ok yea makes sense now, was referring to the indicator

KevinSinghDhaliwal

⋅ Aug 26, 2015 6:44 PM

Sell opportunity after the breakout. SL just below the X for me

IvanLabrie

⋅ Aug 26, 2015 7:00 PM

Looks good mate.