i think that will happen because if over buy rsi and came from hight trand
Gbpcad trading around 1.65 level Where Strong support zone seems above 1.63 If hold above 1.63 we can see toward 1.6750-1.69 Advice to buy in range of 1.65-1.64 sl below 1.63 TP1 1.6750 TP2 1.69
price is at a resistance dating back from October 10th 2010 and a trend line that started feb 25 2016. If price continues to fail to break above this zone we can see price make a correction and begin to go bearish. We also have a bearish divergence on MACD and Momentum.
GBPCAD 4HR, looking for 300+ pips here. The pattern is complete however..... A correctional trade in a bearish Channel, possible double bottom if we venture down on a DIV play We are well oversold, so again I will be waiting for RSI to ease off and not enter the trade early, we are already seeing some form of consolidation or a pause, a day or when its ripe, I...
GBPCAD came down to support. GBP is extended to the downside and CAD has been the strongest pair for the last day other than CHF. I missed the GBPCHF long but I'm happy to go long this one after the retest of the signal candle
RSI and MACD both supporting long. Reversal from support has already begun. SL of 1.59 should do and initial target is 1.6770 and if things go according to plan, it may go up all the way to 1.74. Good Luck and stay safe!
1. EW wave 2 correction ending on major support level. 2. Price hovering on major support level. 3. RSI (14) indicates price is oversold on Daily, 4H, 1H.
Take care & analyzed it again - it`s always your decision ... (for a bigger picture zoom the chart) This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... 21 Major Cross-Rates (of this 1st Week 2017) statistical data @ my GOOGLE Drive drive.google.com Best regards Aaron
GBPCAD came down to an oversold level and a signal to go long came yesterday. I have entered on the retest of the signal today. CAD and GBP will get thrown around by the USDCAD and GBPUSD but I see strength creeping into GBP and Weakness creeping further into CAD hence why I went long this pair.
A short position I slowly stepping into. I am aware of the possibility of a reverse. The magic T (not drawn on this chart) is telling us cash have been build up and it might go long soon. But I have a feeling there is a bit to be gained here before that happens. This one should be traded carefully. I have a tight 100 pip stop loss and just a minor position in it.
Bullish Gartley Completed and waiting for the right price action to enter Risk reward isn't the best, so be careful Entry: 1.6513 SL: 1.6443 (-70) TP1: 1.6564 (+50) TP2: 1.6579 (+65) TP3: 1.6594 (+81)
After the validation of the double top formation in January of 2016, this pair has been in a downward channel and has lost 6000 pips since then. Now we are at the critical point because: 1- Price has come off the long term bullish trend line coming from 2010 low strongly 2- The PA since touching trend line is decisively bullish and is way different to prior...