Looking at gap/cad we can see that on the long term trend we can see we have been in a range for around a year we can see this on weekly and daily chart so now we can see we have taken out some liquidty at the top side and we do have a gap on the currency pair which is lower around the 1.68900 but firstly we have to break the 1.72 level I do think we will at...
Looks like a regular flat correction. Lets see!
GBPCAD is looking for short opportunity & has the chances to move to the downside & to make some decent profits.
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.7785). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPCAD is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a...
Looking to buy gc from the region of interest Can see gc has been looking to push higher to minor resistance we could see one more correction to our buy zone there is a candle imbalance I will be looking at buying at this point Confluences on buys on GBP/CAD 1. In consoldation but it looks to go higher overtime looking at minor resistance as a target 2. 78% -...
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.738). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPCAD is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic...
#GBPCAD #GREATBRITISHPOUND #TECHNICALANALYSIS
British Pound against Canadian Dollar pair, may see a bullish trend upto the starting of the month , it may start the month of October from 1.74150 area, concept of supply and demand supports the same..
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (1.7310). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPCAD is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic...
Trade Setup summary: Profit targets=14920 pip (750 + 1230 + 2690 + 3850 + 6400) Stop Loss =3000 pip Reward/Risk > 4.9: 1 Current Status: Total Profit: 3588 pip Closed trade(s): 1980 pip Profit Open trade(s): 1608 pip Profit Trade Setup: We opened 5 BUY trade(s) @ 1.74050 based on 'previous Forecast' at 2020.08.05 : ...
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (1.7405). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPCAD is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. ....