REJECTION CANDLES NEAR THE RESISTANCE ZONEINVERTED HAMMER NEAR THE RESISTANCE ZONE, PRICE LOOKS REJECTING THAT LEVEL. SELL@CMP, SL@1.727, TP1@1.700, TP2@1.680
CADGBP trade ideas
REJECTION CANDLES NEAR THE RESISTANCE ZONEINVERTED HAMMER NEAR THE RESISTANCE ZONE, PRICE LOOKS REJECTING THAT LEVEL. SELL@CMP, SL@1.727, TP1@1.700, TP2@1.680
REJECTION CANDLES NEAR THE RESISTANCE ZONEREJECTION CANDLES NEAR THE RESISTANCE ZONE . THIS IS SCENARIO ON HIGER TIME FRAME
GBPCAD SELL FOR WEEKLY INCOME TRADERALERT SIGNAL FOR WEEKLY SIGNAL TRADER
PAIR NAME - GBPCAD
DATE -29/0/2018
SELL LIMIT 1 - 1.68697
STOPLOSS- 1.69752
TARGET 1- 1.65534
TARGET 2- 1.62160
LIMIT VALIDITY = 5 TRADING DAYS
RISK REWARD- 6.2
THANK YOU
U WIN = V WIN
TEAM FFXSIGNAL
GBP/CAD Price action analysisThe 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.
GBP/CAD Technical analysisThe 2-hour chart of GBP/CAD indicates that the pair is currently in uptrend.
The pair is currently trading in up channel formation.
It is currently trading around the lower trend line,which can act as a good support for buyers.
On the contrary,if the support breaks, a major sell off can be seen.
GBPCAD LOOKS GOOD TO BUYWe can see seller trap at bottom,This is very good sign of trend change and also there is a very good RRR.
NOTE - FOREX TRADING IS NOT FOR EVERYONE AND FOREX CHART ANALYSIS IS FOR EDUCATION PURPOSE ONLY, I DO NOT RECOMMEND ANYONE TO TRADE FOREX,I AM SHARING MY TECHNICAL ANALYSIS KNOWLEDGE ONLY.
GBPCAD Short Maybe ! Maybe Not Its 23/07/2017 .. very rainy over here ... enjoying every bit of it ..
GBP CAD dragged my attention .. 30 Mins chart it shows some potential to move more downside at 1.6210 area .. I like to take a strict focus on this pair .. breaking out 1.6283 Low or rejection again from the breakout trendline lure me for a selloff and target 1.6210 area
BAT PatternPrice action has touched our D leg waiting for price to reach our T.P 01 & T.P 2 if momentum is able to reach our 2nd T.P - Any points to throw into this idea mates?
