Gbpcad_setup
GBPCAD SELL OPPOTUNITYAs we see, there can be another decrease for GBPCAD in 4h timeframe, as it has touched the top of two channels as the same time, shown in the idea, if it breaks up that point there would be a pullback and huge increase tho.
GBPCAD D1 shortWe are watching long term bearish setup in this pair.
We are waiting for Bearish candle in D1 TF
GBPCADeverything gets the meaning when is drawn. can u see that red B wave and look how complex corrections can become.
on the next wave down that big diagonal is the third wave and now its making 4th wave. due to the shortness of the 2nd, 4th will be longer speaking of time. (from my observing 2nd and 4th are equal or inversely proportional) so the drawn form of 4th is taken as most probable given the structure so far... all tho as it looks now and may be finished as 4th part and rush down, but those supports down will most definitely stall it there whether for a correction for more down, or i vote for daily changing trend for new structure up, cose with that last part here the weekly structure will be finished. ;) if u understand what i mean... if ur interested for low time frame set ups, lets discus it here...
GBPCAD, forecast on 4H-->>daily support broken
-->> strong downward momentum
-->> sell till next support level
GBPCAD is Getting Ready for Upside?GBPCAD has fallen to IMP support Level 1.17500..Price is also near to Important trendline support too. My View is Bullish on GBPCAD with the stoploss of 1.74200 FOr the Targtes of 1.76500 and 1.77500
GBPCAD / 4H / POTENTIAL CYPHER PATTERNPAIR: GBPCAD
TIME-FRAME: 4H
TRADE: CYPHER PATTERN
Waiting for a Long opportunity on the GBPCAD 4 Hour time frame.
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GBPCAD Bearish Harmonic Pattern and Strong Resistance above!GBPCAD will fall soon after hitting the Strong resistance line or after completing the harmonic pattern.
GBPCAD Short term BuyHowever overall i am bearish GBP markets since GBP index is weaker across the board, but for now i am looking to buy this market around this support and will hold till my green MA, thereafter i expect it to start fresh falls.
Look for buys if you have your trading strategy.
Trade Safe.
GBP/CAD PRICE ACTION LONG IDEAGBP/CAD has made a double bottom (albeit imperfect) and a new high as well. Price has come back to re-test the previous high and looks likely now on the lower time frames (D, 4H) as well to push up.
GBPCAD LONG SET UPTWO WAYS TO BUY
1. AGGRESSIVE WAY - FROM "E" WHEN TRIANGLE COMPETED
OR
2. WITH DISCIPLINE - FROM "D" LEVEL BREAK OUT
GBPCAD - BUY bottom of channel with 0.382 Fib supportBUY bottom of channel with 0.382 Fib support
FX:GBPCAD
Crude oil strength means Loonie strength v1I've been disgustedly inactive due to hectic school schedules as well as slow internet connectivity. For that, I will be publishing my rationale on why I entered the following trade.
For the past days, I've been obsessed with Canadian Dollar pairs.
If this Forex pair does break the graphed line, it may possibly dip to the 1.59500 area.
GBP/CAD 200 Pips + Short OpportunityGBP/CAD can possibly break it's support and continue it's bearish trend 300 pips down.
At the moment being the support is not strong and the chances of it breaking even further down are favorable.
Invest after your own analysis and money manage properly.
Happy trading!
GBPCAD Long Opportunity GBPCAD GBPCAD Long Opportunity, please watch strong support level for reversal or breakout.
