GBP-CAD-SELL
GBPCAD TO SELL SCALP FROM AFTER EFFECTS OF BOC NEWSSince BOC news from the Canadian dollar was yesterday that went up, we are looking at a downtrend that looks to form. Therefore, I am looking to sell GBPCAD to scalp based on the after effects of my strategy.
TP: 1.749-1.746
Overview of GBPCAD for the week. On a Weekly level, you'll notice that it has reached a level of support and has touched 100% of the retracement.
We have about 3 wicks indicating the power of the sellers pushing that price on the Weekly Time frame, so as long as it doesn't break that level it is safe to say that it will continue to drop.
On the Daily, there is an obvious BOS(Break of Structure) to the downside, this when I start looking at positions to enter so I take my Fibs and draw from top to bottom and see that it consolidating on the 61% when I see this is I hop on the 4hr time frame and see a better picture of the daily tf.
1hr, I see a trend to the upside and at this point I'm just waiting for another BOS to the downside, seeing how the weekly and daily have impacted the 2Hr and below time frames.
Almost done with my analyst so I hop on the 15m time frame and notice that since the BOS it's starting to retrace to the 61% and at this point, you'll say" Ivan get on the trade already" or " Hop on that F%^^*( Trade already but something that people down realize is that even the 5min tf and the 3min tf have a structure of their own.
so once it has broken on the 5m to the downside I hop in..
Sorry, It took so many steps but that's how I have been trading for the last 5yrs and I enjoy it.
GBPCAD SELLHi all, GBPCAD has recently broke our trendline and I expect price to drop, especially after a retest of the trendline! Have fun all!
GBPCAD SELLHi all, I believe that GBPCAD will fall in price! Possible breakout getting ready in a few candlesticks coming up!
BEWARE FOR A POTENTIAL GBPCAD SELLAs GBPCAD made its way to go up from Sunday to Monday, we could potential see a strong sell coming in the next 8-12 hours. The TDI indicator is giving a slight sell indication as GBPCAD is overbought. However, the red signal line and the green price movement line are distance. You want to give it time as its looking to sell soon.
GBP CAD BEARISH CYCLE APPROACHESIM LOOKING FOR THE FINAL OF THE BULLISH CYCLE FOR PUT A BIG SELL IN THE BEGINNING OF THE BEARISH CYCLE.
lf for a stop hunt or a good "M"
GBP/AUD - short term sell, possible swing short!!!GBP/AUD - short term sell, possible swing short!!!
CPI core inflation is likely to have fallen to 1.8% from 1.9%.
GBPCAD Short term sell 1hr TFAdd me on snapchat guys! - itsnotreallyike
I'm currently short on GBP/CAD, opened at 163858
Expecting the market to push to the 162950 level.
Good luck and follow me on snapchat for more updates (itsnotreallyike)
GBP CAD * BEARISH [i]Trading idea and price prediction for (FX: GBP/CAD ) from trader Nika Lekishvili
www.tradingview.com ~ My Channel
GL !
