resistance is far away which gives privilage for this trade to have a great R/R ratio
Bearish pin bar combo, entry level short at 0.7200
Will wait for the candles confirmation at this key level on GBPCAD daily timeframe.
Pin bar combo at a key Fibo level 61%
A breakout is near after the formation of the falling W and most importantly the price action inside the pattern.
A first target set at the resistance area near 0.6700 , then if target 1 hit, it seems that a double bottom formation will be completed after breaking that level, targeting 0.6900
Setup is ready to place a trade upon a breakout of the Nick Line..
Long position after touching support with double pin bars
Entry is triggered if the current candle closed on same shape, entry above the high of the candle, target suggested 0.9450
Possible long targets after break out of current ascending triangle..
As explained earlier in the other post for CHF/JPY applies here.. Targets are 154 pips and 373 pips. Good luck !
The pair is about to break nick line of a strong reversal pattern H&S, two targets ahead 123 pips and 300 pips when completed. The strongest evidence of such a pattern is the prior surge in the pair starting from Nov 2014. Good luck !
after completing inverse H&S pattern and penetrate the nick line
Pin bar at support level, this stop order will be filled if the down trend breaks. which is another sign of a bullish probability.
Option Call for MOS after inverse H&S pattern, it might coincide with a breaking of the down trend. objective is the usual H&S target.
Short entry with a small target of 67 pips after bearish out of space pin bar