GBPCAD IN A CLEAR BEARTREND, SHORT GBPCAD, SOLD 25% WITH A LIMIT ORDER AT THE HIGHEST MOVING AVERAGE AND THOSE LINES ABOVE SHOW LIMIT ORDERS TO SELL MORE, THE FIRST TARGET IS THE LINE BELOW.
Sell Limit SL at 1.69405 TP1 at 1.68610 (RR 1:1) TP2 at 1.67600
Price tends to go the other way at the start of the week before the trend continues, we will wait for confirmation before continuing the sell
1. GBPCAD bounced from the falling channel's resistance 2. A weekly close below the critical support & resistance of 1.7250 area 3. Hidden Bearish divergence in play to push it further down 4. Now it's holding the rising trendline support Trade Idea: Sell trade will be triggered on a break of the rising trendline and successful retest as a resistance. Target 1 is...
- Small head and shoulders formation forming, we are currently in a downtrend and below the moving averages. Looking like a great sell opportunity!
Sell Limit SL at 1.68730 TP1 at 1.68420 (RR 1:1)
Sell Limit SL at 1.70675 TP1 at 1.69436 (RR 1:1) TP2 at 1.68220
Potential long-term sell opportunity on this pair, strong bearish pattern currently selling from resistance zone at 1.71. I am expecting price to action a re-test at 1.685 and reject on H4 and daily time frames, to continue bearish movement long-term. If 1.67845 key level is broken in the short-term, there is a strong likelihood that we can expect price to...
Price has broken our key level H4 support. We are expecting price to re-test the broken zone before continuing down.
Trade taken this morning: Reason For Entry- Market Pullback followed by Engulfing Candle, also rejection of closing above the 50EMA. 45 PIP SL (1.70664) TP1- 45PIPS (1.69773) TP2- 90PIPS (1.69327 TP3-135PIPS (1.68881) 135 PIPS Banked
With out triple top/rejection on the Fib level 78.6 we see further downside on this pair. Approaching the trend line , price action appears to be breaking through. Should we get a daily or weekly close below this trend ,we could see a massive shift in momentum. Wait for retest of the ascending trend line and appropriate confluences to verify short position.
Enjoy a free signal before the week gets started Feedback, Likes, comments, and shares would be appreciated. GBPCAD Sell Limit: 1.7150 (Best entry takes the most patience) Stop loss: 1.7250 (100 pips risk) Take profit: 1.6680 (470 pips reward) Risk: 1% to 3% of account (recommended) Reward/Risk:...
Waiting for that strong break low; continuation pattern lower, or perfect retest and continuation down. Make sure to lock in profit if you get a 50 pips positive.
There is a sign of engulf pattern. Its potentially go down to hit SnD area. TP : 1,6718 SL : 1,7204
Price Retesting previous structure break.Short Pair. FX:GBPCAD
Welcome to our weekly trade setup ( GBPCAD )! - 1 HOUR Strong waving market back at range mid. 4 HOUR Overall good price action and break below main sr level. DAILY Expecting another push to the downside towards previous lows! - FOREX SWING SELL GBPCAD ENTRY LEVEL @ 1.70040 SL @ 1.70750 TP @ 1.69030 Max Risk. 0.5% - 1%! (Remember to add a few pips to all...
GBPCAD bounced off upside confirmation at 1.70664 where it could potentially rise further to 1.71187. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.