GBPCAD approaching support at 1.70688 where it could potentially rise further to 1.75369. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
The GBP/CAD exchange rate is flashing a king's crown or better known as H&S. A possible 100 pips decline could be expected in the short-term future.
GC has been very choppy recently so I have been staying away, but it is finally shaping up nicely! Hopefully we see a high quality set up from GC this week.
GBPCAD approaching support at 1.70945 where it could potentially rise further to 1.73180. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530)....
GBPCAD After making a new high we have rolled over to the downside. I will be watching to see if we can push up and make a higher high, or if momentum slows down and we fail to make a new higher high giving us a great entry for a short.
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...
In the name of Allah, the Most Gracious, the Most Merciful. GBPCAD POSSIBILITY OF NEXT MOVE Note: This is only for Educational purposes; this is not investment advice. Thanks Adil Khan.
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 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 expected to rise up to 1st resistance at 1.63224 where it could potentially react off and drop down to 1st support at 1.61143. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
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 expected to rise up to 1st resistance at 1.60313 where it could potentially react off and drop down to 1st support at 1.59335. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
We are predicting the Harmonic Butterfly Pattern to complete as shown on the 1 hr chart, therefore our strategy is to trade the 4th leg of the pattern. FX:GBPCAD
BUY Market Execution SL: 1.58389 TP1: 1.70150 TP2: 1.76225