GBPCAD approaching support, potential for a further rise!
GBPCAD approaching support at 1.70945 where it could potentially rise further to 1.73180.
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Gbpcad_strategy
#GBPCAD, Before a serious rise?We had an invalid double top pattern here and the pound returned very quickly to the resistance line and again made a small downward trajectory that didn't hold up either.
Upward trend.
Because we did not break the resistance at 1.7020 Buying now will be dangerous but bold, for those who want a confirmed technical template that will wait for the breaking of the above resistance
.
GBPCAD approaching support, potential for a bounce!
GBPCAD is expected to drop to 1st support at 1.62417 where it could potentially react off and up to 1st resistance at 1.63444.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
GBPCAD approaching support, potential for a bounce!
GBPCAD is expected to drop to 1st support at 1.63616 where it could potentially react off and up to 1st resistance at 1.66041.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
GBPCAD approaching resistance, look out for potential reversal!
GBPCAD is approaching its resistance at 1.61834 where it is could reverse down to its support at 1.60360.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
GBPCAD Weekly Harmonic Gartley Analysis and StrategyWe see the formation of and are predicting the completion of a Gartely pattern @ 1.62100 as seen on the weekly chart. In the case the price action breaks below 1.62100 it will fall to 1.6000 to complete the Gartley. Therefore our strategy is the hedge the position if we see a bearish candle close below 1.62100 on the 4 hr chart then we will hedge position to 1.6000.
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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