GBPCAD

Hi everyone. Following my yesterday's GBP/CAD analysis, first trade today became a sell on the same pair. Entry @ 1,7666, SL @ 1,7706.

GBP/CAD order wiped out. -40 points.

today this pair bottomed.

nice long opportunity,
check weekly chart.

double bottom.

actually I'm already in the trade

Indeed, 1,7530 is a road block for a south move.

Good luck mate.

or you on this with me?

already green 5/5 longs, will hold for weeks. (literally)

offtopic: what do you think of CAD/CHF
seems CAD is overbought, and in the supply area.

eh im short 1.778 and holding...

this is called price action.

breaking 1.7785 with target of 1.7637

Bears rising hands

A long setup with target towards 1.9000(s).

The 1.9000(s) is not a problem, the chart says .................

I usually don't like to post trades I just initiated but this looks to good not to try.

It's hard working out market directions just by analyzing 8-9 years of chart, taking this pair GBPCAD as an example.
Looking at the bigger picture of the following long term charts, there's a better sense of direction, not only for trading on daily TF, but also for intraday trading, that one is trading with the trend.

Trading an impulse wave Elliott Wave with scaling in.

Seems like a good time to short this atm.

Ah............... NO, fundamentally it's time to buy

The Canadian dollar lost close to a cent against the U.S. dollar on Tuesday, after a Bank of Canada official pointed out weaknesses in the Canadian economy and the labour market.

Senior deputy governor Carolyn Wilkins said the Bank of Canada cut its benchmark rate by 25 basis points in January to help navigate the economic uncertainty tied to low oil prices.

The central bank has tools it can use to handle the oil slump and is prepared to take action, she said.

Many investors interpreted those remarks as a sign the central bank will again cut interest rates again next month.

http://www.cbc.ca/news/business/cana...-cut-1.2952331

The Bank of Canada says it’s prepared to take action to help navigate the economic uncertainty tied to low oil prices as experts predict it could once again cut its trend-setting interest rate.

Senior deputy governor Carolyn Wilkins made the remarks in a speech in Ottawa on Tuesday — as many observers expect the central bank is preparing to drop its rate even further next month.

The Bank of Canada blindsided markets in January by lowering its overnight rate to 0.75 per cent from one per cent.

http://www.thestar.com/business/econ...es-againw.html

It was a day trade and a good one i think. Better check the date 2. feb 10 am.

Im long gbpcad today