GBPCAD Completing the Cycle

FX:GBPCAD   British Pound / Canadian Dollar
83 5 4
Cycle-wise we're bound for another Higher Low. I expect it to happen at 1.83. Unless something else happens (ie. it goes straight up now, or plummets to test 1.8), I find it a good idea to enter below the recent low, but above the prior low. The SL in place, of course, risking 1.0 R (first 0.5 R, then adding another 1R, if market co-operates).
Whoever entered long in my buy zone should be well served. Good luck! :-)
itaskar ForceFollower
haha, iam short from 1.8442(tp 1.8250), all the pips are now gone :) i could use your buy zone for target.. :)
Don't worry. It's going down again, either in order to reach the 1.83 level or only retracing down to 1.8375. I don't know.
hi,my entry will be around 1.8230, the lowest line of your buy zone, stop loss below my trendline
Very well conceived. It should be a perfect hit, as the third tests of trend lines are often successful. You've also marked that this entry point would be some kind of a nexus, where multiple sloped support lines coincide.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
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 Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out