Gbpcadtradesetup
FOLLOW ME: GBP/CAD Short OpportunityGBP/CAD is currently at the top of a bullish channel and it appears that it's time to short (at least in the short-term) or at the very least it's time to exit longs and wait for re-entry.
Check out my other GBP posts that should be up within the next few minutes. They are showing the same thing!
COLOR KEY (which time frame each markup is based on):
RED - Monthly
ORANGE - Weeky
GREEN - Daily
AQUA BLUE - 4H
PINK - 1H LIGHT BLUE - 15M
PURPLE - 5M
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GBPCAD, forecast on 4H-->>daily support broken
-->> strong downward momentum
-->> sell till next support level
GBPCAD / 4H / POTENTIAL CYPHER PATTERNPAIR: GBPCAD
TIME-FRAME: 4H
TRADE: CYPHER PATTERN
Waiting for a Long opportunity on the GBPCAD 4 Hour time frame.
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GBPCAD Bearish Harmonic Pattern and Strong Resistance above!GBPCAD will fall soon after hitting the Strong resistance line or after completing the harmonic pattern.
GBPCAD Short term BuyHowever overall i am bearish GBP markets since GBP index is weaker across the board, but for now i am looking to buy this market around this support and will hold till my green MA, thereafter i expect it to start fresh falls.
Look for buys if you have your trading strategy.
Trade Safe.
GBP/CAD - 200 Pips+ Bearish Move OpportunityGBP/CAD wasn't able to keep up with the bullish daily trend move and moved under the 50 ema once again.
It is now not showing any good signs of support and is barely able to keep it's current level. It's making more lows.
I expect a break below the current support zone to happen within the next 48 hours.
A good move to keep an eye one.
Happy trading! Follow your rules!
GBP/CAD PRICE ACTION LONG IDEAGBP/CAD has made a double bottom (albeit imperfect) and a new high as well. Price has come back to re-test the previous high and looks likely now on the lower time frames (D, 4H) as well to push up.
GBPCAD Potential Sell Trading OpportunityGBPCAD is reversing from major resistance level with confluence signals in the chart
GBPCAD LONG SET UPTWO WAYS TO BUY
1. AGGRESSIVE WAY - FROM "E" WHEN TRIANGLE COMPETED
OR
2. WITH DISCIPLINE - FROM "D" LEVEL BREAK OUT
GBPCAD - BUY bottom of channel with 0.382 Fib supportBUY bottom of channel with 0.382 Fib support
FX:GBPCAD
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.
