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GBP/CAD BREAKING RANGE

Metal_Mind Posted 28 Sep. as Analysis on GBP/CAD, Target: 1.7023, Date: 1st of November, 12:00 GMT  in #Technical analysis #GBP #CAD #GBP/CAD #Support #3 #Range #Retracement #Target #Major #Years
Charts: 1 Day,1Week.
Indicators: Fibonacci Retracemets;Support & Resistance Levels,Trading Patterns,EMA 200.
Current Level : 1.6638
GBP/CAD was in a 3 years RANGE that was broken on 10 th September this month and from which we can expect the start of a strong bullish trend. Also the breaking of the Exponential Moving Average 200 on 1 Week Time Frame is a very strong buy signal for the cable.As a result i expect a long run for at least 600 pips until the major resistance zone folo…
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3 Comments
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Daytrader21 30 Sep.

This one should be big if we can get up there

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Metal_Mind 20 Oct.

UPDATE1 : Wrong prediction ,direction ,trend. The pair was in a strong 300 pips bullish trend quite opposite to my wiew.I will wait for market open to see and anricipate further direction.

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Metal_Mind 1 Nov.

UPDATE2 ; VERY GOOD PREDEICTION. The prediction recoverd and made a long bull run finding resistance at 1.6968 more faster than i predicted but it is retracing now.

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GBP/JPY Third Wave Movement

Metal_Mind Posted 24 Sep. as Analysis on GBP/JPY, Target: 152.1700, Date: 1st of November, 12:00 GMT  in #Technical analysis #GBP/JPY #Trend #Support #Resistance #Bullish #3 #Strong #Waves #Moves
Charts: Daily; 4Hours .
Indicators: 200 EMA& 50EMA,Relative Strength Index , Support & Resistance Levels
Current level: 157.59
GBP/JPY is in a bullish trend for quite a while now ,but recentlly i observed the similarities of the waves in which the trend moves. Even though the main trend on Weekly time-frame is strong bullish ,we can see from the first picture that the trend moves in strong up moves forming higher resistences and after that pullbacks forming higher support levels.Having
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Daytrader21 30 Sep.

We have almost the same view when it comes with the yen pairs

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Metal_Mind 20 Oct.

UPDATE 1: The current level is 158.09 and the price is currently over 600 pips from the target . The price rebounded from Major suport and now is in an up movment. This prediction for sure is very far from target.

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Metal_Mind 1 Nov.

UPDATE2; Wrong Prediction. Current Level is 157.21 .

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