Hello traders, Wave C of 4 is supposed to materialise towards the resistance zone at 1.72600. Then wave 5 is supposed to materialise towards the support zone at 1.67692. Thanks.
So the in 4 hrs flag pattern is formed could go up to previous high level . I prefer to go long with this .
Pair looks is strong downtrend and it formed a triangle pattern inside the channel pattern with strong bearing candle in day frame. Hence expecting a short in next week.
GBPCAD Forecast: We will take a short position @ 1.7090 and collect profit by 1.7070, 1.7030 & 1.6940 by risking 1-3%. Tips: Keep trailing your SL after 20+ Pips to lock your profit. Many confluence confirmed: Downtrend. Thanks to all those who have followed me and liked my post. Special thanks to all those who DM me and commented on my analysis wanting to...
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (1.6950). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . GBPCAD is in a range bound, and the beginning of an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a...
GBPCAD TARDING AT 1.7508 LOW RISK HIGH REWARD IF SELL AT CMP ....STOPLOSS 1.7565....TARGET MIN 200 PIPS.
One can easily observe that the price resisted at the same place from 2017 and it cannot break the resistance expect one failure attempt. One can expect the price to take support from the trend line and break the resistance in the middle 2021.
Buy for short term, to learn and trade independently without any indicators communicate me
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...
GBPCAD - The script will go further higher if checks the 1.58522