After 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...
BoE is posting crucial economic figures today. Among them is interest rate, asset purchase facility and monetary policy summary and much more, so GBP is going to be a volatile currency to trade on this day. Technically, it looks very short against CAD. It's lower than closing price to the previous two days, so it's almost confirmed, but do not trade before we get...
I believe there is one more down for this Pair before it rallies. I will be waiting for correction if it breaks above the channel Resistance to BUY
Gbpcad trading around 1.63 where strong resistance seems above 1.6470 if hold below that lever we can see a drop toward 1.6050-1.58 Advice to sell in range of 1.63-1.64 sl 1.6520 TP 1.6050 TP2 1.58
FX:GBPCAD Safe Trades;
It's a strong resistance we a knocking at here. Even though CAD came out with disappointing numbers yesterday and GBP were a mixed bag - I still believe CAD is stronger and we'll see GBP continue down. It'll not surprise me if it jumps up today, but when that reverse happens I am in for a short.
FX:GBPCAD With my stops above the structure... a bad "short" is always a good "long" Safe Trades;
GBPCAD - 4HR Bearish Bat just above TL resistance We have a 2 Tier upper TL to possibly hit. Looking for a continuation down move, DAILY still Bearish, we are just at upper end. Not there yet, keep an eye over the coming week. Dont forget to hit the like button if you find these interesting, encourages me to post more
Hello Folks, Another good one for the day sell if it breaks. bigger picture is that we are looking for breakout to upside.
FX:GBPCAD Safe Trades;
Hi looking for price to come up towards the trend line then looking for a sell. Divergence on the stochastic. Any feedback good or bad is appreciated!
price 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.
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
A short position I slowly stepping into. I am aware of the possibility of a reverse. The magic T (not drawn on this chart) is telling us cash have been build up and it might go long soon. But I have a feeling there is a bit to be gained here before that happens. This one should be traded carefully. I have a tight 100 pip stop loss and just a minor position in it.
Gbpcad Trading around 1.6620 Where its change its trend on weekly if hold below 1.6850-1.69 we can see a toward 1.62-1.58 level soon. we can see many bear candle on weekly chart. Advice sto sell in range of 1.6620-1.6750 sl above 1.6850 TP1 1.6250 TP2 1.58