GBP/CAD: Update!!!
In this update, as I made an analysis in Day Trading in GBP/CAD. i said that I enter in $1.5875 CAD and the moment, GBP/CAD it's climb the price as I'm in profit with 27 pips approx.
But well, as I mentioned in Daily chart, we have 2 perspective to watch out in this timeframe the following levels: $1.6000 CAD*** and $1.6050 CAD
I mark 3 little star after CAD to take in note this level in case that doesn't make this break-out, we would closed this position manually with profits in hands. But now, I made a little update that GBP/CAD has a lot chance to reach $1.6050 CAD as the trend still bullish, I don't believe that goes bearish. We can to forming a possible bearish rising wedge by type of charts that I see and I first watching the level $1.5977 that I mark this horizontal line in the previous high. For that, I will watching this level, as we can to see a possible take profit until $1.60 CAD and then make this significantly large drop from this price by the formation of this chartist pattern, be always analyze the price action ever.
At the moment, we're in long and I'm profit!!!
Good luck if you enter in my indications
I will trade until this Wednesday, as after of Thursday, I will closed up all Forex position manually at 5:00 pm independent the status of my trade as I will celebrate Thanksgiving Day and Black Friday for me to share with my family. Unless cryptocurrency position that I'm shorting Bitcoin and XRP since past weeks. My target in $13,500 USD for Bitcoin and $0.25 cents for XRP
But well, as I mentioned in Daily chart, we have 2 perspective to watch out in this timeframe the following levels: $1.6000 CAD*** and $1.6050 CAD
I mark 3 little star after CAD to take in note this level in case that doesn't make this break-out, we would closed this position manually with profits in hands. But now, I made a little update that GBP/CAD has a lot chance to reach $1.6050 CAD as the trend still bullish, I don't believe that goes bearish. We can to forming a possible bearish rising wedge by type of charts that I see and I first watching the level $1.5977 that I mark this horizontal line in the previous high. For that, I will watching this level, as we can to see a possible take profit until $1.60 CAD and then make this significantly large drop from this price by the formation of this chartist pattern, be always analyze the price action ever.
At the moment, we're in long and I'm profit!!!
Good luck if you enter in my indications
I will trade until this Wednesday, as after of Thursday, I will closed up all Forex position manually at 5:00 pm independent the status of my trade as I will celebrate Thanksgiving Day and Black Friday for me to share with my family. Unless cryptocurrency position that I'm shorting Bitcoin and XRP since past weeks. My target in $13,500 USD for Bitcoin and $0.25 cents for XRP
Trade closed manually:
I got 0.67% earned in this trade as the market structure change and price action speak now!!!
This it's the H4 timeframe