FX:GBPCAD Safe Trades;
Bearish Bat in play Larger Bullish ABCD (orange) - price reversal zone Chance for a long there @ D point
The daily chart shows the 4th wave may have come to an end earlier this week and the 5th wave lower has began. As per wave rules, when the third wave is extended, the 5th wave is equal to 1st wave. The first wave led to a drop of 0.0326 and took about 20 days. Assuming the 5th wave began on tuesday, the currency pair could drop to at least 1.8070...
Hello Traders, There are several reasons to short this pair. The daily candles are bearish for the past couple of days at this resistance zone. The price action is good to go for a short trade. The reversal zone is previous structure support turned resistance now and also at 61.8 fib. RSI Divergence in 4 hour chart. I shorted this pair at 1.8730. It's good to...
GBP/CAD shows RSI bearish divergence in H4, with a bearish candle penetrated below the MA 20.
GBPCAD breaks down a symmetrical triangle pattern you can go short now or wait for the retest then go have a nice trading
Price has formed in the previous days a double bottom pattern and it bounced back breaking above a falling wedge pattern in moved in. We may see that after the breakout price retraced and tested the upper broken trendline of the wedge and from there it rallied. That would be the best place to go long. From now on we should watch for a new correction before buying...
the potential BAT pattern 1.8300 will be the important support,the weekly 0.786 fibo retracement and the 4h neck line. observe the price action @ 1.83.
FX_IDC:GBPCAD Safe Trades;
FX:GBPCAD Safe Trades;
Trade happening right now. With the trend long
FX:GBPCAD Another GBP pair with one eye @1.850$; Safe Trades;
This is a long term outlook of GBPCAD. Now we are in correction and A wave of an ABC corrective phase is about to over. We are going for a B wave to upside; but it won't be an impulsive and sharp move, it will develops in a corrective manner. This long term outlook leads me to several trades in lower time frames. I will post updates below this post, whether the...
The 1d chart on the GBPCAD is showing lots of divergence. The ADX is also falling indicating a large movement could be coming soon. With all the resistance there is a high probability that it will go long. Also the 4h 40 and 110 EMA are about to cross showing a great probability of a long. Both pairs are very weak right now so wait a little bit to see what goes...
GBPUSD has hit the monthly downtrend target, and formed an uptrend setup in the 3 day chart. If not in, there're a variety of ways of joining this trend, via either some kind of options on currency ETFs, or going long GBPUSD with a wide stop loss (ideally on a retracement, but might not happen for a while) or any GBP cross with a suitable setup (I'm in GBPAUD...
We can look to capture some upside in this pair. Currently lagging GBPUSD, and offering indications of a potential bottom. We have landed on the recent monthly uptrend's mode, currently finding support and evidence of the bulls getting involved here. A resumption of said uptrend seems likely. If you're not long, you can enter at market with stops under 1.8257...
Gbpcad is looking good to short here as there are following reasons to short it Reasons: Trend is bearish Market moving is downward channel Moving Averages compression Market holding at this area for a long time Market breaks up and then starting to come back down again Very sloppy vertical upward Trend line Institutional traders likes these high reward...