Currently, GBP/CAD is trading at 1.7378. The pair is trading in a downward resistance and support channel. The price is moving towards its resistance level at 1.7396 and it can rebound back after touching resistance level. So, it is possible that after it rebounds from the resistance level it can touch its support level at 1.7217. Follow proper risk management...
4 Confirmations off this Trade The 20 is Going up The 200 is Below on Multiple Time Frames And on the Currency Strength Indicator GBP is Stronger CAD Right Now.
#GBPCAD I think it's for sell now.
GBPCAD going to restest around the pink line, sell till Zone 4, consolidate for a long term buy with the formation of a cup - handle
Break and a retest with a confirmation flag.....going LONG
The bullish trend line broke, but the region that it broke is strong support zone, the trend broken from this region gets support and strengthens so we set our risk and profit rate logically, we will watch and see. Please like the idea for Support & you can share your ideas and charts in Comments Section .. !!
**ENG** - Price reaching our reversal zone, we are expecting some consolidation or even a reversal from this area. **PT** - Preço a alcançar a nossa zona de reversal, estamos à espera de um reversal ou então alguma consolidação neste nível.
Hello my friends, Today i noticed some good setup from GBPCAD. Previously this pair make an inverted shoulders head pattern and then push straight to the upside for 700 pips in 2 weeks. I tried to fit some fibonacci tools into it and count the waves according to Elliot Waves principle. Surprisingly, it looks like this pair just finished with the 4th Wave. Wave-4...
**ENG** - Price breaking our consolidation box and is now heading for a retest, we are expecting more downside after this same retest, wait for an entry confirmation before entering, look at the lower timeframes (such as 15min). **PT** - Preço a quebrar a nossa box de consolidação e está de momento a caminho de efetuar um retest, estamos à espera de um drop...
I expect it to start moving up from the support zone, I have 2 targets Please support by leaving LIKE
Plan: trendline and support level breakout --> wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make...
GBPCAD bounced off 1.70845 where it could potentially rise further to 1.73784. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully
GBPCAD to climb from its upside confirmation at 1.71889 where it could potentially bounce further to 1.75765. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
GBPCAD reversed off its resistance at 1.71304 where it could potentially drop further to 1.69500. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.