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Gbpcadforecast

LOOKING FOR SELLS ON GBP/CAD 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 least go down to the 1.72 area if broken our next target can be 1.70 then after that we can target the lower gap on the currency pair We do think that the bullish run in gbp pairs could be over for a bit as we have seen. most gbp pairs fly up from the start of the year I do know believe we can see a pullback meaning all gbp pairs could sell off and out of all of them I think gbp/cad is looking to be like a really nice sell so lets wait and see during the week I will look for a sell down to the 1.72 region TARGETS : 1.72 = key level of support 1.69 = gap fill currency I will be looking for sells from a better price
Short
by Carlos44
GBP/CAD - BUY ZONE 1.73000-1.73100 - BUYS CONTIUATION 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% - could come back into this region orders have been Collected in the past 3. S1- intraday 20/01/20 4. orders in this area 5. ma's looking bullish reasons for targets (TAKE PROFIT) 1. -0.50 2. r2 intraday 3. close to minor resistance 4. APM maxed out BUY LIMIT - 1.73000-1.73100 STOP LOSS - 1.72950 TAKE PROFIT -1.74100 RISK TO REWARD 1:7 DO NOT ENTER THIS TRADE IF WE BREAK BELOW OUR STOP LOSS THIS TRADE WILL BECOME INVALID ( PRICE CAN GO STRAIGHT UP SO WE MIGHT GO TO TP BEFORE OUR ORDER GETS FILLED)
Long
by Carlos44