2 years agoTrade Started..
2 years ago
2 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 North American session this afternoon. With the pair lossing nearly 17 pips, it continue’s to move in a strong BEARISH trend as it did in the past days ( view Daily chart below ).
On the other hand, GBPCAD is holding well above the long term 200 days simple moving average (thats why we dont recommend any 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: [We highly recommend to avoid trading GBPCAD for today Mo nday as we might be dealing with a choppy correction for rest of the day.] However As per above general BEARISH trend; Only trades to be considered following completion of any counter trend correction on the 60-minute chart.
🔻 Sell Signal Details
|Time||Mon 2017.09.18 16:00|
|1s TP @|
|2nd TP @|
(Note: This conclusion is only valid as long as price is holding the 200 periods simple moving average (red dotted line) on the 60-minute chart,
A signal is available now for review on the right )