High timeframes very bullish for GBPCAD. See chart please.
All credit to Lingrid, who recently alerted this trade, I thought it looked very bullish.
Back in first couple of weeks in September, price headed down to liquidity buying zones and price then ascended very strongly, before heading back down to the same order blocks for liquidity in October. Price bumping around a bit lately, it has good momentum support upwards on the Oscillators and recently today Monday, price has been traversing double tops and price will drift upwards I think very soon.
Back in first couple of weeks in September, price headed down to liquidity buying zones and price then ascended very strongly, before heading back down to the same order blocks for liquidity in October. Price bumping around a bit lately, it has good momentum support upwards on the Oscillators and recently today Monday, price has been traversing double tops and price will drift upwards I think very soon.
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GBPCAD is setting up now for a burst upwards and through the double top it's been in all day. Standby.Zlecenie aktywne
BUY Signal I took for GBPCADSL: 1.7995
Buy up to 1.8025
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When I read the write up on this trade by Lingrid about 24 hours ago, I could tell straight away that she was onto a big trade as she usually is and it took me all of 3 minutes to realise where this had been over the last 2 months and where it was headed. I commented it was very bullish on the monthly timeframe and that a breakout was coming early this new week.It will keep breaking out today in the New York session. There is historical price action that it will retest, but it's old price action that should not cause too much resistance. Hmmm, this is going higher.
Another similar trade that I took today is GBPUSD and it is doing okay as well.
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GBPCAD getting stuck in a bit of bearish momentum temporarily. Should recover soon with Momentum to the upside.Zlecenie aktywne
GBPCAD pulled back to 61.8% fib levels where it has found support. Macd and Stochastic's cyclical momentum will give it a nudge upwards now.Uwaga
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GBPCAD is another LONG trade from yesterday. Similar setup to GBPUSD at the moment which you would expect.This is breaking out real soon.
Volume from buyers is increasing, see chart below 4hr
Uwaga
3M Chart.
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