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!
Gbpcadsell
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.
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