Here we got another one of the infamous harmonic patterns with trend on the 4hr timeframe. This pair have been a little choppy the past weeks, so look out for how the price action is going to behave. We need an over sold RSI and a good retracement. Since this is a with short term trend we got 2 targets, i recommend to close half position at target 1, move stop to...
Short on GBPCAD Reasons for entry - RSI Overbought - Hitting Trendline - Pin Bar - Good R:R Exit Strategy - 3:1 Reward: Risk, not risking more than 2% of your account. Let me know what your thoughts are.
Hi everyone we have a pattern for GBPCAD which I think it is still valid. Also we a previous structure in my opinion. The targets are labelled on the chart. TP1:1.90807 TP2:1.9036 TP3:1.90073 TP4:1.89693 Lets see and Good Luck
A potential Bat pattern setting up in confluence with a previous resistance level. I would love to hear your opinion, feel free to comment, agree or disagree. ----------------------------------------------------------------------------------------- Always wanted to connect, learn and help one another throughout your trading journey? Join our community for...
Here we got a potential Bearish Cypher pattern about to complete on this sideways / uptrend madness that nobody wants to trade, but thats what patterns do best! Lets look out for the RSI to go over bought and then we sell like there is no day tomorrow! =D The offer on an entry to the Advanced pattern trading room here on TradingView is still open so please PM me...
GBP/CAD had a great fakeout last Thursday. The daily chart looked like it was breaking to the upside. The Canadian jobs report came in on Friday and smashed those dreams (and this is post a Ivey PMI that came in on fire @ 62.5). With oil holding steady, this is one of my high-conviction trades right now. I'm looking for the UK election gap to fill on this pair,...
Looking for HUGE cypher to complete. Decent CTS score. We have major structure to the left, RSI divergence, and fib ratio confluence around D completion.
While trading in a strong uptrend price now hits 4H and 1H trend channel bottom and look very interesting to take as a bounce trade. We will be looking for a nice confirmation candle to enter LONG. Piphunters are looking for a major EB as an entry signal @ ~1.9035/1.9040 with a stop loss at 1.8970 (below 4H 36 EMA) Forexpower in this pair is GBP:-1 and CAD:1....
Technical on the chart. Fundamentals: After BOC Poloz comments. Puts the Bull back in control in this pair. He Repeats that drop in oil prices very significant shock for Canada He Repeats that oil price drop is front-loaded, one-time shock Aiming for highs 1.9100s Not for a new highs for this pair. If we get more hawkish tone from BOE that could be case but...
Hey traders, This is Ahmed the founder of Pro Trading University, I am going to short this market once it hits the red level. The trend is bearish. I know this after we closed below the previous cycle low. I think I did a good job in explaining my thought process in the chart. Please ask me any question, I will be happy to answer them as I will be staying here in...
Factors of confluence: - trade is with the trend (see trendline) - doji forming (waiting for weekly close) - rejection of .618 retrace (again waiting for weekly close) - rejection of 50 EMA I'm waiting for the weekly close and Canadian CPI figures to take this pair long. So lets see what happens. Patience is key!
After reaching the top at 1.95 GBPCAD is now in selling mood. The red area plays as a support/resistance. Either we see a pullback from that point or a sell off. I think we should see a test of the descending long tern trend line. That's why i short it.
The British Pound has really underperformed for the past couple of weeks, partly due to the Bank of England's dovish stance after slashing its inflation forecasts in February. But part of the pound's recent weakness is most likely due to the upcoming general elections in the UK (7 May). I tend to think that all those speculative shorts will end up leading to the...
3 technical signals showing confluence around the 1.8280-1.8320 zone level. A) 61.8% FIB retracement B) Support/resistance zone C) Possible trend line support Long GBPCAD 1.8300 SL below 1.8250 TP1 1.8700 TP2 1.8900
See related idea for fundamentals. Technicals layed out on the chart. Looking for break of 1 hr downtrend before going long.
#GBPCAD Daily/4H Short Idea (Cypher) @TradeYodha (TradeYodha.com) 1. Cypher Pattern in the zone 2. 200 sma close to the zone 3. possible harmonic move Wait for confirmation in the zone I would love to hear your opinion, feel free to agree or disagree in your comments. Please give it a (thumsup) if it makes any sense.
Currently we are sitting on major support. We had break of trend on 7 day RSI. See chart for technical areas of interest. Carney hawkish. Poloz dovish. CA economy dragged by oil. Deflation on GB not a major concern. Low inflation is sparking consumer spending which what I like to see to support a rate hike. BoE deputy governor Ben Broadbent says in an...
Price Rejected the Following Zone of Confluence: + Yearly Pivot Support. (Dotted Line) + Key Retracement Zone. (50% / 61.8%) + 1.860 Round Number Support . + Breakout of Bullish Wedge. (Continuation Pattern) + HUGE Bullish Pinbar on Weekly Chart. I haven't entered this trade yet. I am looking for a retest of the 50% Fib + Top of the Bullish wedge (and previous...