Technician

How to spot a trade - Using confluence #forex

FX:GBPCAD   British Pound/Canadian Dollar
2041 22 29
Update: I bought part of my planned position without confirmation at support http://s27.postimg.org/kfs0ny59v/Capture.png .. I am looking to add now.


The price is approaching a key are:
  • Confluence of two major support levels(Previous major swing high on daily and weekly charts)
  • 50% retracement level for the bullish wave starting from january
  • 161.8 extension for the latest bullish pullback (wave AB)
  • Bullish divergence on RSI

Waiting for my final confirmation to go long. Alternatively if it breaks lower, would look for final confirmation to go short. Will be updating on confirmation...

Thank you for reading , be one of the first members of my new trading portal, check my new website http://thefxchannel.com/ , vote and subscribe. Thank you
------------------------------------------------------------------------------------------------------------------------------------------------------------
Good luck, keep your stops tight..
https://twitter.com/thefxchannel
https://www.facebook.com/thefxchannel
https://plus.google.com/+Thefxchannel0
My best regards
Technician
We are finally LIVE https://thefxchannel.com
The price is dropping hard now
Reply
Technician TOP HuseyinCinici
Am out of this trade with minor profit just near breakeven.. Will be monitoring..
Reply
I have longed this http://s29.postimg.org/o2j77eblz/Capture.png
Reply
moneymaking Technician
Hey technician, in order to get into this long trade, is it a good idea to wait for a retest of the trend line or the previous lower highs?
Reply
Technician TOP moneymaking
Mate, if i werent long i would wait for a retest of this support
snapshot
Reply
moneymaking Technician
Great, Thank you and Good luck to you :)
Reply
Technician TOP moneymaking
Yw, you too
-1 Reply
Technician TOP Technician
We had the retest to 1.8680 support area, was another opportunity to re-enter long
-1 Reply
Hi Sir, I was wondering if this trade is still valid? I am thinking to jump in, and I appreciate if you could give some update. Thank you!
Reply
I was long then i closed at breakeven. Now i am waiting for a new signal.
-1 Reply
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out