We saw GBPCAD Long Because, GBPCAD Descending Trend Line Breakout or make Double Bottom.
We saw GBPCAD Short Because, GBPCAD Ascending Trend Line or Symmetrical Triangle Breakout.
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breakout and retest wait for some buying pressure and enter
GBPCAD Sell Trade opportunity its recent breakout major support line is a good opportunity to sell here or retracement some pips as I mentioned in chart
GBPCAD Sell Trade opportunity its recent breakout major support line its good opportunity to sell here or retrcement some pips as I menttion in chart
We can see thar the GBPCAD is an uptrend and it has broke its structure . Now we can wait for price to come back to the 1.61100 level for a buying opportunity . ONLY FOR EDUCATIONAL PURPOSE
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As per weekly Candle stick analysis GBPCAD will touch 1.6000
GBPCAD Buy Trade Signal it's Overall Bullish trend recently break the resistance area and make a very strong Bullish candle above its a very good opportunity to take a Buy trade with a good risk-reward target and the stop area is mentioned in the chart Always Use Stop Loss
BUY GBPCAD As it is following a given channel TP FOR GBPCAD is 1.5600 Currently Trading @ 1.5210 400 PIPS of move can be expected
GBPCAD is breaking strong resistance level and will further go upside once it retest the same level. On shorter time frame we can look for bullish trade opportunity.
Though Buyers were able to reach almost up to the last High in the latest leg upwards in 1 Hr time frame, they failed to break over it. Also, in terms of volumes, there is divergence in the latest leg. In terms of momentum also, there is divergence, All these indicate weakening strength of Buyers, otherwise, gaining strength of Sellers. So, look out for Sell...
GBPCAD in a overall downtrend, currently pulling back to the POI at the 70% pullback area. looking for a short term BUYS to the POI and then looking to tank down on a short with the trend. Risky trade (trading pullback/Against the current) Manage the risk #FXRO TRADING
Market now down trend completed and trend line resistance level breakout now to going on sideways market and then strong level of support formed , buy above the Box resistance level breakout after entering the trade