SUMMARY: The secondary trend of GBP/CAD is bullish on charts and price is trading above the trend line in its hourly chart. In hourly chart the price is sustaining above 50 day SMA and taking support of 200 day SMA indicating uptrend of the pair. It is having an important resistance at the level of 2.0175 and support at the level of 2.0015. If it breaks its...
With what looks to be a very dovish thursday looming tomorrow for the U.K. and analysts now suggesting a push back in rate hikes to 2018 and even the potential of a rate cut we are looking for further weakness in the GBP. The Oil price has had the biggest decline in 2 days in 7 years but seems to be finding a bottom around the 27 - 29 $bb mark which indicates we...
Looking to go short if we hit the 2.06918 Aiming for a TP @ 2.06185 & 2.05733 with a SL @ 2.07780
Price tested high and got rejected; Now we are on a swing lower and if it crosses the price reversal zone we can expect a breakout down.
Read text written in the chart.
Prices have shown a sign of failure, and now we have a very good entry point and reasonable stop loss level, just like in September, my expectations for G/C is still AB = CD
Last week, I announced the trade "GBPCAD Short again and" "CADGBP Clip - on trading!" At present has reached the target for 2, + 400 pips. This week I will work to update it.
In the last week,short GBPCAD had some benefits, this week I decided to expand the size of the positions,and adjust the target to 1960.
Here we got a potential Bearish Cypher pattern about to complete on this sideways / uptrend madness that nobody wants to trade, but thats what patterns do best! Lets look out for the RSI to go over bought and then we sell like there is no day tomorrow! =D The offer on an entry to the Advanced pattern trading room here on TradingView is still open so please PM me...
Looking for HUGE cypher to complete. Decent CTS score. We have major structure to the left, RSI divergence, and fib ratio confluence around D completion.