This scenario will be seen if a price is maintained above 36,666.So I think we will see the new highs in the near future . TP1 40K TP2 46K TP3 50K SL a close of two candles on a 4Hr frame below 36666.
GBPCAD has been for in a bearish mode for long time,and price reaches a price zone which push price back up.So I think we have a nice long trade as shown in the trade.Ratio is about 1:2 as a profit .
the main trend on a monthly and weekly basis is still bullish,so I managed to go long from current price to 37331 targeting 39K. stop loss as shown in the chart plus 30% of a zone.
For the last weeks, GBP had showed a strong bullish trend and that trend in the last days show a kind of weakness. I think pair will revisit a price zone of supply area ( price 167) and fall down again. Stop loss is a breakthrough the last price peak 168.500 by two candles on a 4hrs frame. Take a profit,as shown in the chart, is 161.
price now is about to touch a monthly demand zone and price is expected to recover from 1.2970 zone.
short from .8813 sl .8934 tp .8454 monthly trend is bearish there is a supply zone @ .8813 so i would put a sell order.
I think price may go north from price zone shown in chart 1.3236 , it is a monthly demand zone .
I am waiting for the price action at price zone 1960.If a price closes above 1960 we may see 1995 again, if price fails to keep it up 1960,it will go south to 1918.
Gold price could go north to 1955 and I am going to short #Gold from price zone (1955- 1950) according to price action and then I will manually put order. i will exit a position if the price closes above 1966 two candles on a four hour frame.
on a weekly trend there is a strong supply zone and a bearish trend,the upper line of trend channel is on the blue color. on a four hours frame, the bullish trend channel is doing well and it could reach a high levels of Fibo and price might go south to revisit a below demand area.
price reaches a monthly,weekly and daily supply zone and it could be a time to short it since stop lose is limited,about 100 pips comparing to take profit more than 300 pips.Ratio is 3:1 lets see how price reactions from price 132.815
price goes north to close gab and may come back south to re-touch a demand zone