TradingClear
Short

GBPCAD - Overview on Daily Timeframe - Short Opportunities

FX:GBPCAD   British Pound / Canadian Dollar
Following our previous weekly overview, we are expecting a big downside on this GBP pair as well. We have been observing OANDA:GBPCAD closely, waiting for it to break the top on the daily, before looking for a downside. Now that it recently has, we are monitoring the pair even more closely, in order to identify possible reversal patterns. A trade not to be missed, if and when this happens. In fact we believe that the pair is in a big weekly correction for more downside, with a target all the way to retest previous lows in the 1.58 area and further, towards the 0.27 extension of the precedent downward movement.
Updates on smaller timeframes will follow.

If you feel that our analyses and views may be a useful complement to your trading strategies and in order to be notified in real time with our updates on the lower timeframes, please remember to click on the Follow button.
Remember that you can double check the bigger structures that are at play are on the weekly and daily time frames also by scrolling around the charts in the lower 4hr and 60min timeframes (right and left, up and down).
Trade with care and only with a backtested strategy that has proven to work in relation to your invested capital, risk appetite and potential small losses you might incur in before profiting from a good trade.

Thank you for viewing.
until now it is THE trade to miss honestly
Reply
TradingClear lapin_eliott
@lapin_eliott, we couldn't agree with you more.
As a matter fact, we clearly stated "if and when this happens". In our smaller timeframe analysis, we are also suggesting a very conservative approach for this specific trade, as we take trading analysis in very seriously. Regards,
Reply
lapin_eliott TradingClear
@TradingClear, the volume of exchange on this pair for the last three weeks was really huge but for a narrow range, hope it heralds that a big reverse is under way ...
Reply
closely looking on it too..great analysis
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out