Hello traders,
A slow recuperation from the 1.6700 empowered GBPCAD to streak almost six-week high, the match needs to overcome the 1.7225-30 opposition juncture, five-month-old plunging pattern line, so as to go for the 1.7310 and the 1.7420 numbers toward the north. Should costs effectively exchange past 1.7420, the 1.7560, the 1.7650 and the 1.7730 are likely...
ALERT 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
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.
The 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.
We 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.
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
Price 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?
