GBPCAD LONG SET UP / BULLISH INVERTED HEAD AND SHOULDERS BASE ON PRICE ACTION I FOUND A INVERTED HEAD & SHOULDERS PATTERN WITH A MINI DOUBLE BOTTOM ON THE FORMATION OF THE RIGHT SHOULDER.
Gbpcadidea
Crude oil strength means Loonie strength v1I've been disgustedly inactive due to hectic school schedules as well as slow internet connectivity. For that, I will be publishing my rationale on why I entered the following trade.
For the past days, I've been obsessed with Canadian Dollar pairs.
If this Forex pair does break the graphed line, it may possibly dip to the 1.59500 area.
GBPCADBullish Bat Pattern nearing Completion. Point D sits at the 61.8% retracement.
Volume is starting to decline as prices move downward indicating that bulls might enter at any moment.
Notice as well that right below the D point is Monthly and Weekly resistance (broken line) levels.
We also have RSI showing bullish convergence signal.
GBPCAD Short ideaGBP CAD seems to be short for the moment.
Once on the trendline 2 options, break, consolidate and then go down for more, or retest at the top.
GBPCAD Short IdeaHello Traders,
Price is forming trend continuation pattern, ther is no momentum to the upside. Look for sell as much higher as you can.
Good Luck!
Cheers,
Jonas
GBPCAD Short IdeaHello Traders,
GBP still under pressure, it is forming trend continuation so we may see further down side. Watch to sell as much high as you can.
Good luck!
Cheers,
Jonas
