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#GBPCAD daily bias looks bearish. The seller’s price of interests are 1.7042, 1.7055
The possible targets are 1.6900, 1.6860
These analysis are based on the current market swing and we update our views based on the upcoming future swings
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#GBPCAD Daily momentum is bearish. Sellers price of interest are 1.69230 1.69350 1.69600 1.69690
The possible targets are 1.68800 1.68440
These analysis are based on current market swing and we update our views up on the upcoming future swing
". There is still a possibility of temporary retracement to the suggested resistance line (1.7338).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
. GBPCAD is in a downtrend, and the continuation of the downtrend is expected.
. The price is above the 21-Day WEMA, which acts as a...
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...
We have a triangle pattern formation in GBPCAD daily chart and if our strategy rules are satisfied then we will take a short here for target of 1.73300.
THIS CAN BE A GREAT OPPORTUNITY!! DON'T MISS IT :)
GBPCAD after retracing 38.2% of the 6th May to 12th august trend has now fallen below the ascending broadening wedge pattern, which makes it vulnerable to selling up to 1.60690. The stop loss for the trade will be above the high of the previous session i.e. at 1.63747.
The daily chart of GBP/CAD is currently in downtrend.
The pair made 50% retracement of its previous move from 1.84000 to 1.70607.
It is currently facing rejections at the 50% retracement level which is indicated by the formation of the bearish pin bar.
As per our analysis,we expect the pair to move towards the price zone of 1.73476.