3 technical signals showing confluence around the 1.8280-1.8320 zone level. A) 61.8% FIB retracement B) Support/resistance zone C) Possible trend line support Long GBPCAD 1.8300 SL below 1.8250 TP1 1.8700 TP2 1.8900
See related idea for fundamentals. Technicals layed out on the chart. Looking for break of 1 hr downtrend before going long.
#GBPCAD Daily/4H Short Idea (Cypher) @TradeYodha (TradeYodha.com) 1. Cypher Pattern in the zone 2. 200 sma close to the zone 3. possible harmonic move Wait for confirmation in the zone I would love to hear your opinion, feel free to agree or disagree in your comments. Please give it a (thumsup) if it makes any sense.
Currently we are sitting on major support. We had break of trend on 7 day RSI. See chart for technical areas of interest. Carney hawkish. Poloz dovish. CA economy dragged by oil. Deflation on GB not a major concern. Low inflation is sparking consumer spending which what I like to see to support a rate hike. BoE deputy governor Ben Broadbent says in an...
Price Rejected the Following Zone of Confluence: + Yearly Pivot Support. (Dotted Line) + Key Retracement Zone. (50% / 61.8%) + 1.860 Round Number Support . + Breakout of Bullish Wedge. (Continuation Pattern) + HUGE Bullish Pinbar on Weekly Chart. I haven't entered this trade yet. I am looking for a retest of the 50% Fib + Top of the Bullish wedge (and previous...
After reaching the level I expected on my previous analyze : Pound seems to be ready for a bullish rallye, since price has landed on a key level area, showing us a confluence with major support, 0.5 fibo retracement and RSI divergence. Reversal pattern is on going,I expect a small pull back before trigger the LONG position, to get a better entry level and a...
Looking at following potential interim development: 1 - background geometry to 1-4 Line 2 - Range: 1.89098 to 1.89610 Expecting further decline based on predictive/forecasting model, aiming for following bearish target: - TG-Lo = 1.79707 - 20 MAR 2015 OVERALL: Background geometry is likely to contain price subdued to range defined above....
PRICE AT AN IMPORTANT KEY LEVEL AND JUST BOUNCED OFF THE RESISTANCE TURNED SUPPORT FORMING A DOUBLE BOTTOM. ALSO THIS KEY LEVEL IS IN CONFLUENCE WITH THE 0.5 FIB LEVEL. GBP AVERAGE HOURLY EARNINGS IS EXPECTED TO COME OUT BETTER AT 2.2% AND THE REASON WHY THIS IS IMPORTANT IS BECAUSE THE BOE (BANK OF ENGLAND) SAID THEY'LL BE MONITORING HOURLY EARNINGS DATA. IF...
@TradeYodha TradeYodha.com GBPCAD 4h Short Opportunity 1. Structure retest 2. FIB 38.2 level confluence with 161.8 fib extension 3. 50 sma in the region Beware of the round price level 1.91000 close. Price can retest that and fall Hope this give you some useful ideas, don't forget to hit the like button :) Thanks Remember- Plan your battle well in advance and win.
Divergence between price and MACD Price rising while MACD Falling. I love a short on a break of the uptrend line all the way down to the Monthly Pivot and Ultimately to the Weekly Pivot. This can be an easy 500 pips -750 opportunity
The major trend is UP. We are in a pullback and already in a confluence levels. This little pinbar gave me a possibility of entry.
I'm looking at the possibility of a short setup emerging from this pair. On the shoulders of crude showing signs of a bottom, and possible reversal, and an overall bullish gold, CAD might have what it takes to regain strength and pull this pair lower, back to the consolidation zone below. The ATR bands indicator I've been using recently displays the current...
I`m still interested in buying Lonnie as the retracement after the Bank of Canada shocking interest rate hike decision has not been finished yet especially for the following pairs: GBP/CAD, CAD/JPY and USD/CAD.
GBPCAD Ultimately I like a short trade @ 1.826 level (if the market rises to that level) with a SL above 1.8420 A small trade can be taken at current market price and scale in at 1.826 TP @ 1.76 ..
GBPCAD is in a recovery mode after hitting support (orange line). I consider a buy position at 1.793. After a small pullback. A weekly Chart of that pair show us a consolidation period in the last year. In 2013 the pair was in a strong upward trend. So now it may continue to go upward. From fundamentals view The Bank of England holds Interest Rates and the size...
The GBPCAD cross looks like it's been consolidating with a flag-like movement since the start of 2014, and this may lead to an eventual bullish leg to fresh multi-annual highs in 2015. Fundamentally, I like being short the Loonie dollar as crude oil's plunge this year should lead to disinflationary pressures in Canada with a possibility of seeing the Bank of...
It would appear that this is the second time pair is bouncing up from below 1.76 which is now determined to be very strong support. As with the last price action it then moved up above 1.8. Looking at the MACD, we can see that there is consolidation and a cross over about to occur. I think within the next candle we should know if this is a buy opportunity....
English : Channel up perform with new high if support trendline can hold downtrend, bullish target will be at 1.8140 with maximum target at 1.8300 as resistance trendline channel. Break down support area will push this pair again in to bearish teritory. Indonesian : Channel up perform dengan membentuk new high. Apabila support trendline channel up mampu menahan...