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.
GBPCAD breakout pattern and will come retest S1, So we need wait a signal Bullish and Buy, TP = R1 Follow chart and trade. Trade you see, not you think
Currently following channel on one hour time flame. temporary short may put some equities
GBPCAD Possible Buy Join Our Free FX Signal Telegram Channel . No VIP group ..absolutely free : t.me
*Yellow MA = 200 EMA | Blue MA = 100 EMA In this video, I go over the approaching support level for OANDA:GBPCAD and the potential play to the top of the consolidation box set after the reversal we see from January 2016 - October 2016. A play from the support to resistance is well over 1000 pips and has two different opportunities: 1. We bounce off of more...
as we notice that GBPCAD yesterday has made a new low and as of today has failed to break its low. further more we can notice that price has broke its minor resistance and is retesting as we speak. Seeing a potential rejection on lower time frame, targeting 1.62200 for this pair.
I am using Knoxville Divergence to get long on this pair.
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
**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 independent investment decisions, -
GBP/CAD possible long Opportunity. This daily chart indicates the market will most likely bounce off this historical support level. As you can see on the analysis, this currency pair, has bounced off this support level every time in the last 10 years. A trade like this can offer a favorable risk: reward ratio. Disclaimer: This is simple technical analysis....
We 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 has been consolidating for almot 6 days in this particular region, We anticipate a further push up from the current point to 1.65
Welcome to Profitlio, We share all the high volatile market analysis reports with you for your educational purposes. We don't take responsibilities for any losses you may face in future. As here, GBP/CAD is expecting a bounce back above the support line formed in the bottom of entry level. This signals a bullish trend pattern over on timeframe. It means a lot...