I'll be honest here. I got excited GBPs became bearish. The target goal if it continues down is around the 1.67490 if it can keep the swing going. Otherwise, It can break this trendline and continue to keep going bullish once it breaks through the daily SR zone. Target for the bull this week. Is 1.71800 BEAR TPS: From the trendline… • 1.70611 •...
Price is below the Daily, 60 and 15 KS as well as the cloud, Our Four Horseman. This is a Type 1 trade with a High probability and good RRR. BO Entry = 1.7021 Stop = 1.7046 Risk = 25 pips Profit target = 1.6946 Reward = 75 Pips RRR = 3 - 1 I would appreciate if you leave a comment or like as a thank you Allen Since I have had several more traders inquire...
Welcome to our weekly trade setup ( GBPCAD )! - 1 HOUR Bullish reaction to previous support zone. 4 HOUR Price action too slow to break back to the upside. DAILY We need a pullback to the downside first, good short entries! - FOREX SETUP SELL GBPCAD 1ST ENTRY @ 1.72030 2ND ENTRY @ 1.72620 (wait for trigger) SL @ 1.73660 TP @ 1.70240 RR: 1.1 / 2.35 Use 0.5%...
As we have given Buy Signal for GBP/CAD in our T. channel at 1.71796 CMP at 1.72140 Target 1.73500 SL 1.70900 34 Pips Running
Entry, stop and target mentioned on chart.
price bounced from a resistance by big bearish ungulfing candell wich means there is a uncoming big drop FIBONACCI HAS BEEN USED FOR DETERMENATE THE TARGET POINT GOOD LUCK
Patience is key, right now waiting for good confirmation if price will hold or get back inside the up-trend channel! For my own pleasure, i would like to see scenario A happening! What do you think? leave your opinion in the comments! Also, if you like to discuss ideas and enjoy my analysis, join me in Telegram! Link in the bio
Hi traders :) I'm Guario and this is a forecast about GBP/CAD possible future price action. As we can see from the chart the pair has jus reached a very strong resistance down trendline and a bounce off it has just occurred. Stochastic oscillator is in the overbought area ( red rectangle) giving us an other bearish signal. I suggest to wait the price break the...
We saw two rejections failling to break out of the channel! creating a double-top pattern and now price is bellow the support line and re-testing as resistance! i'm in with 25pips SL ! LET ME KNOW WHAT YOU THINK! COMMENT HERE ON THIS PAIR!!
hey traders, GBPCAD has reached a strong resistance of the rising channel. the pair has formed a double top under it so I expect further bearish continuation downwards. Target levels will be: 1.73 1.72
Positive expectations for the upcoming U.K. general elections could keep sterling supported throughout the session, especially if polls continue to confirm the Tories’ lead. A couple of medium-tier reports from the U.K weren't actually impressive. Monthly GDP was above the previous but QoQ and YoY were lower than previous no good changes. The construction site...
Price currently at 0.618 retracement. Waiting for ascending trendline to be broken. Will be looking to scale in and take profit at 1500 pips.
After a long period of corrective price action in the form of an ascending channel, we can see price is approaching a high value area on the larger timeframe structure. With a little more development, we may see price momentum slow down further for a move to the downside. Personally I’ll be looking for shorting opportunities in the form of a sell stop below...