This has retraced to what should be the new support level. Watch for this to turn higher using the MACD and EMA's, can also use 1HR for another perspective. Target is 1.77585 as there is a lot of historical resistance around this level. SL just below the low at 1.73750
GBPCAD price action tells further advance,! +Strong Support +Strong Trend line + Price action pointing above
Key details in Signposts. Hourly selling pressure has died down at the 1.7283 level. Structurally, good opportunity to continue building a position in this pair. [ Note that ideas published represent my viewpoints on structural directional movements. I do not post explicit trade parameters (i.e. entry, take profit, stop loss, etc.) as these are set to in...
GBP/CAD price action seems to have drifted lower as the Pound Sterling surrenders recent gains due to fading Brexit deal optimism. This coincided with another reaction to technical resistance highlighted by the 1.7500-handle. We could soon see a resumption of buying pressure around 1.7330. create a long position order there. stop loss 1.73015. like if you agree!!
GBPCAD Long Setup We are seeing price ranging in between this ascending channel. We can go long once price breaks this minor descending trendline. If a break downwards of this channel occurs, a short position would be considered more profitable.
after breaking falling wedge price is above resistance price successfully close above the resistance and flipped the resistance to support use small position risk is high
#GBPCAD: Buy setup for R/R: 2.4
Last week on the daily GBPCAD has made an Impulse to the upside and went for a retest of the impulse almost to 0.618. So, from daily we have a bullish outlook also today on 4H market shifted from bearish to bullish and we can look for big long from here. I will open a long from 1.71700. But keep in mind that we have a strong resistance in the weekly chart on...
GBPCAD Is trading above the 1.71500 level and the kagi is turned green the price will bounce from support level which is 1.71500I am expecting GBPCAD will reach 1.75000 in coming months
I see price bouncing off of the weekly trendline and it appears to be forming a wedge If it looks good ill take a long on this pair and await a breakout
Hi ! trying again with this paid good luck !!!
Hi ! quick trade setup, all details on the chart those with patience may take lower STOP at 1.7240 and target above 1.7430/1.7530/1.7610 +++ good luck !
Hello Traders, We have a complete W pattern on the daily timeframe with a retest where we predicted, at 0.38 fibonacci. In red the resistances in green my TP. SL on sight or on the support. If you agree with my ideas put a like and feel free leave a comment to link your trading ideas. Follow me for weekly analysis of swing trading support/resistance , fibonacci...