Good morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a GBP/CAD Sell. Enjoy the day all. Cheers. Jim
Buy: GBP / CAD SL @ 1.58960 TP1 @ 1.60240 TP2 @ 1.60750 Max Risk: 2% (When calculating, do not forget about different spreads from Brokers) Leave comments or likes to keep our content free and alive. Have a good week to everyone It is not an investment recommendation
- GBPCAD is on a strong DOWNTREND on the higher time frames. - The weekly has broken through the previous low and a new bearish engulfing candle is currently developing. - On a 4-hourly TF, we are seeing the closure of a bearish engulfing candlestick while all MA20-50 & 100 are trending above the price, suggesting bear pressure. - Hedge funds are also selling off...
GBP/AUD: Break of Structure Short - Continuation of downward trend - BOS and CHoCH - High Volume above Price level - Low Volume ahead
Trade Idea: Selling a break of head and shoulders neckline Reasoning: Good risk reward aiming at measured move Entry Level: 1.6030 Take Profit Level: 1.5913 Stop Loss: 1.6066 Risk/Reward: 3.25:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk...
GBPCAD has been trading under horizontal resistance for a while. In a shorter timeframe, we have inverted head n shoulder formation. So buy-on breakout should be adopted. Trade your levels accordingly.
Sell: GBP / CAD Sell limit: 1.61900 SL @ 1.62470 TP 1 @ 1.61050 TP 2 @ 1.60400 Max Risk: 2% (When calculating, do not forget about different spreads from Brokers) Leave comments or likes to keep our content free and alive. Have a good week to everyone It is not an investment recommendation
GBP it's look bearissh snd we see opportunity to sell it. A good opportunity to get 100 pips. The indications are in tbe display the way to short GBPCAD
Going short on GBPCAD targetting 0.5751 stop loss above previous support
Price has broken out of a longgggg term range on the higher timeframes and has retest the old support as new resistance. Price has nothing but space and opportunity to fall. Here is the play I will be taking: P = 1.57874 SL = 1.63082 - 519 PIPS TP = 1.49387 - 850 PIPS
GBPCAD has approached to its weekly support level and we have seen multiple reactions from the level before. Currently the downside looks minimum and reward is immense. One can build position here for bullish breakout.
A visual representation of a line drawn over pivot highs reveals the prevailing direction of price action in the last 3 to 4 months; we want to be looking for opportunities to join the potential decline when it finally happens. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is...
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With the H4 and D1 trend Harmonic pattern on M15 Stop loss is 50 pips 1st target 1.5835
GBPCAD SHORT wave analysis market structure trend analysis supply and demand chart pattern
Following the BOE interest rate decisions on thursday, GBP plunged against many other strong pairs. I'm continuing to maintaining a negative outlook for GBP, with the dovish tone on the interest rate hike coupled with very poor growth outlook for the next year. Technically, looking to short GBP/CAD (fundamentally weak/fundamentally strong long term) from highlight...
Hey traders, in this week we are monitoring GBPCAD for a selling opportunity around 1.592 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
Hey traders, in today's trading session we are monitoring GBPCAD for a selling opportunity around 1.586 zone, once we will receive any bearish confirmation the trade will be executed, Trade safe, Joe.