3 years agoTrade Started..
3 years ago
GBPCAD 1Hour Signal Chart
Follow signal progress on the chart below.
The British Pound vs Canadian Dollar pair, Has plummeted lower during the European session this morning. With the pair lossing nearly 16 pips, it continue’s to move down in a strong BEARISH trend as it did in the past days ( view Daily chart below ).
On the other hand, GBPCAD is holding well below the long term 200 days simple moving average (thats why we dont recommend any long trades on the GBPCAD for the coming days).
The 50 and the 20 days simple moving averages are also confirming continuation for the well established BEARISH trend.
CONCLUSION: As per above general BEARISH trend; Only [ihc-hid e-content ihc_mb_type=”show” ihc_mb_who=”1,2,3,4,5″ ihc_mb_template=”2″ hide_type=”6″ blur=”true”]Short trades to be considered following completion of any counter trend rising correction on the 60-minute chart.[/ihc-hide-content]
▲ Buy Signal Details
|Time||Th 2017.09.14 13:56|
|1s TP @|
|2nd TP @|
(Note: This conclusion is only valid as long as price is holding below the 200 periods simple moving average (red dotted line) on the 60-minute chart,