Look for long this pair. Make shore that stops is under last support level at 1.62520, good target area is at 1.74700. For best entry wait until price comes to 1.63700 and under.
GBP CAD is currently uptrend. There is a good Demand Zone in Time Frame H1
As we can see this pair is forming a Flat, which means it's a good opportunity to sell it after it breaks the 4th wave of the ending diagonal. The pair is already at the bottom, so please take your profit as soon as possible because we don't know when the biggest correction or the reversal may occur. P.S: This content is for educational purposes and discussion....
1.628 is the support for the upmove. I am pretty convinced that the cad will weaken in this month. More upside to go for this pair
Hi traders: Here on GBPCAD we have a breakout of the falling wedge on the 4 hr chart. We know that GBPCAD is over extended on the daily chart, and has rejected support around 1.6300 area. Waiting for a pullback, high low to form on the 4 hr chart to go long is a good idea. Potential target the daily 38.20% fib level for a nice risk:reward trade. Thank you for...
Watch for break of downtrend line. Price failed to break strong weekly support multiple times & shot back up, lets see if this could be a sign of a possible reversal.. Patience is key!!
SHORT SHORT SHORT WHAIT FOR ALL THE CONFIRMATION
Going short on this pair as its under 100 Moving Average
Long at month S2 1,6797 first target is week S1 1,6981, will see near end of week where it is for follow up .
GBPCAD seems to have a potential move down as a C wave, we have to wait for B to finish and then sell as the price action break below (b). P.S: This content is for educational purposes and discussion. Good luck.
The GBP/CAD looks set for a move to the 1.81 area. The daily RSI is bouncing from bullish support at 40 The MACD looks like it is making a 0 line reversal Price turned at 50% of wave 3 There was support from the mid point of the corrective channel and also the midpoint of the base channel. Finally it also got support from the top of the daily ichimoku...