I might be pretty ambitious here. But this pair seems to be having potential upside in a very long run. The 2 levels to take note for a long will be 1.64 zone and 1.605 zone. Can a higher high be seen ? Let it slowly play out.
The Pennant Pattern formed in a trend is a confirmation of trend continuation if it breaks to the up side, be alert if it does to jump in, i wound'nt risk more that 100ish pips. ST. just below the pennant.
Hi guys GBPCAD is forming a nice looking bat , if its retracement goes on this week and the price drops on the buy zone area the bat should fly up. Thanks
Graphically (weekly chart) there is a good short signal on GBP/CAD. The currency pair is moving within a bullish channel, but the price has reached the trendline of resistance of the channel, a static resistance, and the 200-day Simple Moving Average. Not only. On the weekly candlestick chart (I used the Heikin Ashi chart) is forming, at the moment, a Doji with...
Wait for break of black major bullish trend line then sell to first target. If target 1 breaks easily and trend continues, sell to target 2. And the same for target 3. Reiss
Hey guys, I will buy the breakout (if it occurs....) until next resistance as shown in my chart. Trade with care. Jesse
bull in all DXY basket currencies 2000-11...atm no ...im simply posting this to stop recreating same chart
The Pound Sterling has continued to surge against the New Zealand Dollar since the last time the pair was reviewed. However, there has been some negative development during this period. The currency pair has been trading in a large-scale triangle after it hit the lower boundary on January 11. Also, the exchange rate has formed a new junior channel during this...
Sterling has been guided by an ascending channel against its Canadian counterpart since late September 2017. The pair bounced off the lower boundary of a dominant channel on September 11 and has since rallied against the Loonie. The currency pair has moved closer to the border of a medium-term pattern and could be set for a breakout. From a theoretical point of...
Double TOP patttern in GBP CAD Thanks for watching. I wish BIG profits to all
Here's a long trade I'm about to take on GBPCAD. I recommend waiting for current DAILY candle to close above resistance of ascending wedge formation and then placing a buy position with the suggested SL and TP. I'll update if anything changes - Happy trading! **Don't take trades based purely on my ideas shared with you; I'm just providing an idea for people...
The Pound Sterling has been trading in a long-term channel up against the Canadian Dollar since September, 2017. During this rally, Sterling reached a new high at 1.7659. The currency exchange rate has breached a resistance cluster set by the monthly pivot points and the 55– and 100– hour SMAs, as it can be observed in the chart. The GBP/CAD pair is likely to...
Triangle Breakout, Pull-back and go
From a technical standpoint GBP/CAD should be a short. AB=CD pattern.
its a little bit risky but looking good to be long SL:1.7445 TP:1.7580 be careful and good luck