The chart shows all. Trend line break to the downside, let's see how far down this can go! The spike up makes me think there was a last minute push by big market players to get a good short entry by taking out some stop losses. Good risk reward on this one :)
Plan : wait for 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 independent investment decisions. Traders!! if you...
price rejected the fib 618 level at 1.7474 and made a clear lowe low and rejected the .50 of the fib as well. if had broken the trendline and made a stoplosshunt just above the fib level. with an expected strong OIL, we have the option that it will bring down the price of GBPCAD to the 1.66 level where strong support is waiting.
Hello Bunny's, here is my analysis for GBPCHF. Let me know in the comment section if you guys have any questions. If you like my analysis please hit like. Thanks
Welcome to our weekly trade setup ( GBPCAD )! - 1 HOUR Very bullish price action right now 4 HOUR Might be the last sellers takeout before dropping back to 1.70500! DAILY Bearish waving market at structure top, great short entries! - FOREX SETUP SELL GBPCAD ENTRY LEVEL @ 1.72420 SL @ 1.73350 TP @ 1.70540 RR: 2.0 Use 0.5% risk! (Remember to add a few pips to...
Head and shoulders played out and then broke this acending trend line, and now there is a retest of both the trend line and neckline of the H&S. Could see this push down? Who knows?
Looking Potential Drop in downside. Let see how Market Behave. ThankYou
GBP CAD Timeframe H4. Head and Shoulder pattern. Price currently at resistance area, EMA 200 and FIbo 50 ( drawn from 13 Feb highest to 20 Feb lowest); with stochastic at overbought area. Risk reward 1:2. Disclaimer on.
GbpCad broke the trend line support that maintained the pair in an uptrend since the beginning of August. Now the pair is trading at the previous neckline support of a H&S formation and a confirmation of this zone as new resistance will put the pair in a downtrend with a target in the 1.68 zone
Plan : wait for prices 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 independent investment decisions. Traders!! if...
Two days ago, GbpCad broke the neckline support of a H&S formation and dropped to 1.7 technical and psychological support. Now the pair is in an upward correction and is testing the previous support which should become resistance. A rollback from this resistance would confirm the H&S pattern and opens the door for more weakness towards 1.68 measured target
GBPCAD - small trade here quick 100 pip gain if all goes well. Look for sells around the purple box region given, rejecting a descending trend line as well as the 61.8% plus the ema on the 4hr time frame. 100 PIP GAIN 4/1 RR
GBPCAD has recently broken the sell trend now has the possibility to fly up again, though having a resistance on the way which has proven to be cranky before which the marked brown resistance.For now if we sell GBPCAD@1.71961 we can have approx 28 pip till 1.71724 while appropriate sl would be 1.72101 as we have not seen the market bouncing back if it intends to...
The outlined white arrow pathway is the predicted pathway that the GBPCAD will follow in the coming days or weeks. Using my unique charting methods, I have been able to arrive at HIGH PROBABILITY turning points where GBPCAD will turn. PLEASE NOTE THE ABOVE ANALYSIS IS FOR EDUCATIONAL PURPOSES ONLY. THEY ARE NOT DIRECT INSTRUCTIONS TO TRADE AND ANY LOSS...