GBPCAD Shows bullish MACD Divergence on the daily, based on three points, so we could expect an upmove. I'll post the daily chart in the comments.
On the 4 hour (this chart), we can see a structure that would end up in a breakout. I'd say that the small flag (blue lines) would go down to retest the bottom blue line, and then it could break out to the upside. If we look at the previous impulse (900 pips in 10 days), we could expect a nice move in the next weeks.
On the 4 hour (this chart), we can see a structure that would end up in a breakout. I'd say that the small flag (blue lines) would go down to retest the bottom blue line, and then it could break out to the upside. If we look at the previous impulse (900 pips in 10 days), we could expect a nice move in the next weeks.
Note
Note
Entered short for a short-term position. Then, big impulse to the upside.
Order cancelled
First short cancelled - breakout occured -> not taking the position yet, waiting for pullbackTrade active
Bought on the .618 retracement!Note
Lower on the 78.6% - Counted as if it touchedthe trendline (lower-low)
Breakout occurring!
Note
Almost there!
Trade closed: target reached
+ 505 pips !
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.