GBPCAD Ascending Triangle Details are on the chart. Happy Trading!
Waiting for confirmation to either jump in long/short.
GBPCAD is approaching our first resistance at 1.7059 (horizontal overlap resistance, 61.8% Fibonacci extension, 23.6%, 38.2% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 1.6862 (horizontal swing low support, 100% Fibonacci). Stochastic (89,5,3) is seeing a bearish divergence and is also...
GBP/CAD: Bias Bullish - Stochs and RSI are biased sharply higher - MACD supports upside - Bullish 5-DMA crossover on 20-DMA - Bollinger Bands are widening - Pair has broken above 55-EMA at 1.7023 Support levels - 1.6945 (5-DMA), 1.6872 (21-EMA), 1.6788 (20-DMA) Resistance levels - 1.7179 (110-EMA), 1.7265 (trendline), 1.7290 (38.2% Fib), 1.7390 (200-DMA) Stay...
Weekly trendlines after close (line chart) Fibonacci extensions after 15 min chart (major swing) Price is gonna react or pullback at Fibonacci retracements and extensions levels.
TP = 1.70557 and 1.67542 hit as despite a widening of the bands, GBPCAD continued declining within a wider 1W Channel Down (RSI = 38.271, MACD = -0.013, Highs/Lows = -0.0194, B/BP = -0.0751). The Lower Low appears to have been priced so an attempt for a new Lower High is expected near 1.70557. Our short target is now 1.64002.
Gcad broke mt trend fib box for the 7 swing but still came off the 1.618 extension so it still be doing the same pattern. You see that the daily is turned up. Just basically looking for more of a correction here, maybe a flat pattern... I'm in sell on cadchf, will post in a moment.
Price is currently testing bottom of descending channel. Opportunity to go long until price hits top of channel. Price also reversed on 0.618 fib level.
Jumped in a little early on this pair, but I still think it's going north. News may alter this. Honestly, not the best trade but worth posting for reminding how crucial and important PATIENCE is.
GBP CAD / H1 / Techincal Analysis resistance area holding strong with double top confirmation TP1 and TP2 mentioned in chart Good luck
Price responded to the blue support line and bounced up. The purple and green channels are the next resistances to watch.
GBP/CAD has reached a strong support that has not been broken, so therefore it has bounced from that support. Indicators suggest a uptrend so i would suggest you buy right now
Despite recent bearishness of CAD and oil, and BOE rate hike for GBP, going short on GBP pairs still in general to continue pricing in risk in Brexit on March 2019, as well as the less likelihood of another BOE rate hike within the year. Setting sell stop order with TP @1.67134 and SL near 1.70. Must monitor closely esp when price reaches 1.68229 (the immediate...
With oil price rallying possibly up to 70 esp after lower than forecasted crude oil inventory last Wednesday which is bullish for CAD also, as well as bearish GBP driven by hedges for March 2019 Brexit, setting up sell stop order with TP @1.705 and SL @1.71809. www.poundsterlinglive.com www.zerohedge.com Daily: Weekly: Confidence: A
Gcad did a simple 1-2-3 correction and is going down. Similar concept to Eur/Cad. I posted this showing you an example of what can happen. Umex chart did an "A-B-C" correction (First wave was 5 waves), while Gcad did a 3 wave up (WXY) (didn't correct to confirm any buy). We can still get one more up with these pairs but as of now eur/cad and Gcad are in sells....