1.72568 resistance and 1.71336 support we placed these levels on the 4h chart, As you can see we have the 1H, 1D and 1W charts also open with these same support and resistance levels and on each different timeframe you can see they are well respected. 1H gives us a strong buy signal with an engulfing ( latest candle covers the whole of the candle before it )...
1.72507 is a key strong resistance level as we show with our purple arrows where price has respected this level. 1.70319 area was previously used as resistance ( blue arrows ) but more recently was used as support ( orange arrows ) Price is currently sitting at resistance so again we are expecting it to respect this and bounce making movement to the downside,...
GBPCAD NECKLINE SHORT Bat Pattern with Head and Shoulders Pattern
WATCH OUT FOR THE BREAK OUT See previous analysis PLEASE SUPPORT THE MOVEMENT WITH YOUR LIKES, COMMENTS AND FOLLOW FOR MORE
PAIR: GBPCAD TIME-FRAME: 4H TRADE: CYPHER PATTERN Waiting for a Long opportunity on the GBPCAD 4 Hour time frame. Hit that like button, please share and comment away before you leave! Click "Like" if you find the information useful. Click follow if you want to stay updated with my ideas.
A lot of 4h divergence. This could play both way, but is a critical level. If impulse to the downside starts, then we could have a really big movement on Daily
GBPCAD Outlook Technicals: - Stochastics is in Overbought conditions - Price action close to a Short-Term Resistance Trendline (may break if Brexit causes volatility) Fundamentals: - Brexit uncertainty in its final stages may cause some volatility and may cause price to test the Horizontal Resistance Trendline - On a longer perspective, delay in Brexit...
Watch Top for reversal - Resistance Top also 0.618 Fib Retracement level
The Great British Pound has been depreciating in an ascending channel pattern against the Canadian Dollar since the end of December. This decline began after the currency pair reversed from a psychological resistance level at 1.7500 on December 31. When looking at the positioning of the exchange rate, it is likely that the decline will continue during the...
SELL GBP/CAD at Current price and Set Risk reward as Given in charts .
Potential TP @ 1.67850 Stop lose may be put @ 1.70750
There is a good chance of one more move up for GBPCAD Before a nice fall; All these are still within the consolidation. ThisGBPCAD consolidation will last for quite some time, but there will be a lot of good trade set ups in it.
long gbpcad at 1.6930 to target 1.7050 =120 pips - oversold - rsi bearish divergence -gbp underperform -Cad overperform
GBPCAD Head and Shoulders Pattern!
Respected followers, yesterday GBPCAD rejected its trend line to move down. We can sell this pair at current market price. Trade at your own risk.
looking to see this pair go Long. There is strong rejection on the 4H which is making the buyers to take over. looking for a break of the resistance which will become a support for a retest for long.