SN_Doumet
Long

GBPCAD - A PAIR WITH A LOT OF POTENTIAL (+1000 PIPS)

FX:GBPCAD   Britisches Pfund / Kanadischer Dollar
For the regular chart pattern trades out there we can clearly see the formation of an Inverted Head and Shoulders pattern and we're currently nearing towards the completion of the right shoulder.

As far as the wave traders in my eyes, we are found in my opinion what we call a flat correction . Legs a and b have already been completed and I am now anticipating wave c. Now as we now corrections can turn out to be very complex and time consuming but my overall bias is to the upside.

Notably another pattern I spotted on the chart is that of a triangular correction starting on the 24th of January 2017 (drawn on the chart), and that occurred at a similar level as the one we are currently found on now and we can again see a triangular correction pattern. If the pair reacts just like it reacted in January then we could be setting ourselves up for a +1000 pip move to the upside.

My personal details:
Long @ E: 1.6360 SL: 1.6280 (80) TP1: 1.6790, TP2: 1.7118, TP3: 1.7840

Trade safe and implement your own due diligence before executing a trade.

For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
Kommentar: 1st target reached with ease. Heading strong towards the 2nd one. Already up 600 pips and counting
Kommentar: 2 targets have been hit, 3rd target does not look plausible anymore. Instead downside expected after one last minor push up (v). We might not get the last push up and instead breakdown straight from (iv)
Kommentar: bullish divergence forming on the 12h chart
Kommentar: ready for the drop?
Kommentar: top is broken, expanding flat is complete, next week we should see a massive drop...
on the monthly we have bullish divergence
Antworten
DE Deutsch
EN English
EN English (UK)
EN English (IN)
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Startseite Aktien-Screener Devisen Signal-Finder Kryptowährung Signal-Finder Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden