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Gbpcadforecast

GBPCAD bounced from support, potential for a further rise! GBPCAD bounced off 25284.1 where it could potentially rise further to 26709.6. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Long
by Pepperstone
GBPCAD approaching support, potential for a further rise! GBPCAD approaching support at 1.69895 where it could potentially rise further to 1.72308. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Long
by Pepperstone
GBPCAD bounced from support, potential for a further rise! GBPCAD bounced off 1.69895 where it could potentially rise further to 1.72284. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Long
by Pepperstone
GBPCAD bounced from support, potential for a further rise! GBPCAD bounced off 1.69895 where it could potentially rise further to 1.72284. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Long
by Pepperstone
GBPCAD Bearish Bias, I entered this at earlier point!This is what I am looking at this morning... As you can see, a clean trendline break on that upwards trendline. There is a nice area of resistance above if the retail sales data at 9.30am GMT comes in positive. However, we have the BoE interest rate decision at 12.00 GMT which is expected to remain, but with more members voting to have a rate cut! If the rate isn't cut today, it is expected to be cut early in 2020. Also, tie this in with the crude oil inventories release yesterday shooting up the price of oil which strengthened CAD as a whole. With both fundamentals and technicals lining up nicely on this pair I think it leaves a good short opportunity! To keep the chart clean, I removed my Fib retracement levels. My exit is just above the 61.8 retracement of the whole upwards move :)
by RingerFX
GBPCAD forecast on H5, potential H&S patternPlan : trendline breakdown --> wait for prices to bounce off trendline resistance --> wait for the rejection candle pattern to form e.g. bearish engulfing , pinbar etc --> SELL **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Short
by GWBFX
4
GBPCAD forecast on H5, possible double top formationPlan : trendline breakdown --> wait for prices to bounce off trendline resistance --> wait for the rejection candle pattern to form e.g. bearish engulfing , pinbar etc --> SELL **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Short
by GWBFX