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Attachments: GBPCAD
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GBPCAD

GBP/CAD (1H): the price is currently in the consolidation phase, but a local breakout may indicate a possible downward movement.
0.618 Fibonacci correction has been completed, broken trend line has been retested.
Potential short after breaking through local 1.695 support.
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Lots of potential

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If you trade like me, you'll be homeless and broke within a week.
Texas-2-Step Return This Week: na
The forgotten pair, better bump it up.

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If you trade like me, you'll be homeless and broke within a week.
Texas-2-Step Return This Week: na
Gbp/cad (28/09/2023)
buy position
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Quoting btgw
Gbp/cad (28/09/2023) buy position {image}
GBP/CAD - AFTER
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GBP/CAD AFTER
220pips
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GBP/CAD (Daily): the price is now at the resistance zone.
The overall trend remains bearish.
The daily Price Action indicates the possible completion of the correction.
After breaking through the current support, we may see the continuation of the downtrend.
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Only 5 demo trades all week, how did I do that?

I did some ridiculously small real trades but going to hit it hard next week.



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If you trade like me, you'll be homeless and broke within a week.
Texas-2-Step Return This Week: na
that retracement was too short lived. looks like bears have this currency by the neck. was expecting as decent amount of bullish retracement.
Quoting StoppedOut
that retracement was too short lived. looks like bears have this currency by the neck. was expecting as decent amount of bullish retracement.
What retracement you speak of? 5-minutes? 4 hours? Weekly?

Why expecting bullish?

Cheers

If you trade like me, you'll be homeless and broke within a week.
Texas-2-Step Return This Week: na
Quoting Erebus
{quote} What retracement you speak of? 5-minutes? 4 hours? Weekly? Why expecting bullish? Cheers
hey we have been retracing the weekly selloff. and price seems to have resumed the down trend, if you look at the daily chart. Just took a short with my stop above yesterdays high. i hope 1.6623 resistance hold. tp is many many pips down.
Quoting StoppedOut
{quote} hey we have been retracing the weekly selloff. and price seems to have resumed the down trend, if you look at the daily chart. Just took a short with my stop above yesterdays high. i hope 1.6623 resistance hold. tp is many many pips down.
Thanks, yes it was an Inside Week, at first I thought you meant to be trading Bullish, but now I see the comment as the retracement as you intended to convey.

I see it as a pair that is transitioning between long-term bullish to bearish, time will tell, maybe oil will skyrocket to strengthen CAD.

Cheers.
If you trade like me, you'll be homeless and broke within a week.
Texas-2-Step Return This Week: na
GBP/CAD (Daily): The price is now consolidating at the major resistance level, which is at the 61.8% Fibonacci correction level.
This area can be good for taking profits from long trades, and for searching for confirmations of entering a short trade on lower timeframes
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Quoting trade.pro
GBP/CAD (Daily): The price is now consolidating at the major resistance level, which is at the 61.8% Fibonacci correction level. This area can be good for taking profits from long trades, and for searching for confirmations of entering a short trade on lower timeframes {image}
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Attachment g
B4 Elvis there was nothing
Will CAD inflation data coming out today (November 21, 2023) be the catalyst that send GBPCAD down?
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This is one investment in a bucket of thousands!
Quoting JourneyLife
Will CAD inflation data coming out today (November 21, 2023) be the catalyst that send GBPCAD down? {image}
Or it may goes down no matter of news.
Quoting bigiivan
{quote} Or it may goes down no matter of news.
Yep, the market could react to the data that way if the major banks think so.
This is one investment in a bucket of thousands!
Bulls arenot yet done with this pair. Anything falling is bought, as long as .7080 isnot taken out.
Going long on this pair beyond 1.7600
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POSTMASTER
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POSTMASTER
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