Gbpcadsell
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.
Sell opportunity on GBPCAD This is my current view on GBPCAD . I think the whole downtrend is a corrective structure. Let's see!
GBP/CAD 200 Pips + Short OpportunityGBP/CAD can possibly break it's support and continue it's bearish trend 300 pips down.
At the moment being the support is not strong and the chances of it breaking even further down are favorable.
Invest after your own analysis and money manage properly.
Happy trading!
GBP/CAD - 300 Pips+ Short OpportunityThere is a possibility that GBP/CAD may go down more than 300 pips to find back support. If it does break it's current support, then do not hesitate to short it till it finds it's next one.
Always make your own analysis before investing as well as money manage properly!
Happy trading!
Short opportunity on GBPCADHi,
pound has been really strong over the past weeks, it's a bit risky to trade against it but i cannot help but make my usual analysis and trade it. The daily structure is represented by the blue box, plus the RSI in the daily is way overbought. So this is what i'm looking for when i seek for a reversal: as we go down on 4H timeframe, you'll se a nice divergence followed by an engulfing candle that should tell us bears are entering the market.
Now price is pulling back and it's giving us a better risk to reward ratio.
Stops above highs, target1 at the retest of the low, target2 to be determined.
If you want to ask questions or share your view, comment beneath.
Otherwise, see you in the next chart!
Short on GBPCADHi,
pound has been really strong over the past weeks, it's a bit risky to trade against it but i cannot help but make my usual analysis and trade it. The daily structure is represented by the blue box, plus the RSI in the daily is way overbought. So this is what i'm looking for when i seek for a reversal: as we go down on 4H timeframe, you'll se a nice divergence followed by an engulfing candle that should tell us bears are entering the market.
Now price is pulling back and it's giving us a better risk to reward ratio.
Stops above highs, target1 at the retest of the low, target2 to be determined.
If you want to ask questions or share your view, comment beneath.
Otherwise, see you in the next chart!
Bat pattern ready to complete!Hi guys, on the daily chart on GBPCAD you can see price is bouncing back and forth between two levels of structure. In consolidation periods like this it's quite frequent to see harmonic patterns unfolding. I think this could be a nice trade.
Stops above X, targets as usuale for patterns.
If you have questions, or simply share your view, you're welcome in the comment section below.
Otherwise, see you in the next chart!
Bat Pattern on GBPCADHi guys, on the daily chart on GBPCAD you can see price is bouncing back and forth between two levels of structure. In consolidation periods like this it's quite frequent to see harmonic patterns unfolding. I think this could be a nice trade.
Stops above X, targets as usuale for patterns.
If you have questions, or simply share your view, you're welcome in the comment section below.
Otherwise, see you in the next chart!
GBP/CAD Short Double top Lower highAfter weeks of consolidation price finally broke out to the upside only to form a double top at previous support turned resistance. The second high of the double top is a LH signaling a trend change back to the bearish side. The monthly chart looks to be way overextended to the downside and a pullback is overdue. Will be looking for possible bullish HL to develop after this run down.
*Trading through the daily 49EMA and recent support is not recommended, wait for clean break.
GBPCAD short termprice is at a resistance dating back from October 10th 2010 and a trend line that started feb 25 2016. If price continues to fail to break above this zone we can see price make a correction and begin to go bearish. We also have a bearish divergence on MACD and Momentum.
GBP/CAD @ 1h @ worst cross-rate of all 21 majors (1st week `17)Take care
& analyzed it again
- it`s always your decision ...
(for a bigger picture zoom the chart)
This is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
21 Major Cross-Rates (of this 1st Week 2017) statistical data @ my GOOGLE Drive
drive.google.com
Best regards
Aaron
