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WillSebastian
Sep 14, 2023 1:28 PM

GBPCAD Tech Analysis | As The Market Falls Long

British Pound/Canadian DollarFXCM

Description

Hey Traders,

We have had news from the US in the form of PPI and Retail Sales over the last hour as well as news from the ECB.

The GBPCAD alike many other FX is falling and we can plan future entries.

Watch for more.

Comment

Coming to key PA long zones. Entries becoming applicable closer to 1677

Comment

Cont long bias.

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Long into monday.

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Further DCA longs planned circa early 1.65

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Now looking at further DCA zones as shown on vid

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Scale in as market falls and accumulate market value accordingly (long side)

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Long entered.

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Holding long into Mon.

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DCA entries planned nearer 1.61

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Way further to go until next entry long. Any pops will consider re shorts.

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Lock in gains on this upmove.

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Very early shorts (light)

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further entries light.

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DCA shorts.

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And further DCA entries on rally. Minor longs on falls.

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Holding short bias into monday; not alike UC.

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Exit any shorts, Looking long.

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Confirmed again alike other pairs except GBPUSD

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Room to fall alike GBPNZD

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Shorts entered (mid)

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Exit for gains, looking long light.

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Re-shorting ultra value previous M Highs.

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Still awaiting. Any longs taken prev, do exit.

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Out for many gains as shown. No new longs until fall.

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Unlikely fall is done (weak bounce). Only light long 'scale ins' appropriate.

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Comments
ProjectSyndicate
noted, thank you for sharing
WillSebastian
pejman_zwin
This analysis is beyond my thoughts.
WillSebastian
@pejman_zwin, great.
ArmanShabanTrading
Impressive work!
WillSebastian
Sultaan786
whats your tp
WillSebastian
@Sultaan786, Will update.
ys072090
woah after CAD cpi record higher and GBP record so much lower, and u are longing from here? the divergence. i would short with any spike
WillSebastian
@ys072090, really?
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