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Thread: GBP CAD

  1. #21
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    Quote Originally Posted by PCMAnalyst View Post
    On the daily TF and by having non-ideal harmonic pattern being formed we see a price reversal. as the market moves on if 1.8320 is broken above we are expecting a growth by the pair.






  2. #22
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    On the daily chart, the price is behaving neutrally. We are expecting to have a drop if the lower line of the neutral channel is broken below. Currently, the best strategy is to buy the bottoms and sell the peaks.


  3. #23
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    Quote Originally Posted by PCMAnalyst View Post
    On the daily chart, the price is behaving neutrally. We are expecting to have a drop if the lower line of the neutral channel is broken below. Currently, the best strategy is to buy the bottoms and sell the peaks.


    Result



  4. #24
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    On the H4 chart, we saw a down reversal after having a harmonic pattern from the ceiling of the uptrend channel formed. As the chart goes on, the price will enter into the bearish phase if the bottom of the channel around 1.9150 is broken below.


  5. #25
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    The move down from the 1.912 highs has established an impulsive looking trend which would imply there is more to come. It has however found interim support at MS1 and now drifting towards the 1.8935-56 resistance zone (38.2%, 5.% and Daily Pivot). If we see a rally towards here I would then look for any signs of weakness to fade initial an anticipated move lower, targeting 1.8800-29.

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    [url=http://pcm-fx.com/pcmupload/][/ur

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