GBPCAD: TECHNICAL ANALYSIS

27 Mac 2016

GBPCAD gave us great satisfaction during 2015:
- Our view was: BULLISH
- Oue Setup was: BULLISH (in three Part)

Part. 1 (If you liked this chart, please click on "I Like" button)

Part. 2 (If you liked this chart, please click on "I Like" button)

Part. 3 (If you liked this chart, please click on "I Like" button)

2016 VIEW (Analysis & Setup)
- Our view was: BEARISH
- Oue Setup was: BEARISH

The pair, after reaching our bullish TARGET FLAG, has tried three times a bullish brakout, but without success.
Thanks to our careful analysis of the resistance at the beginning of 2016 we opened short position and we followed the potential bearish leg, and this happened!

- ANALYSIS -

(If you liked this chart, please click on "I Like" button)

(If you liked this chart, please click on "I Like" button)

- SETUP -

(If you liked this chart, please click on "I Like" button)

NOTE: Keeping in mind the "DOUBLE TOP", we could expect a bearish consolidation:

(If you liked this chart, please click on "I Like" button)

Now we need calm and patience, because in the coming days, this pair could develop continuation or reversal pattern on minor Time Frame (Daily and H4).
If you think that the publication of this analysis is useful for your trading, you can make your contribution, click "I Like" button on all the charts that we published here. Thank you wery much!

SignalSwiss
TRADING ROOM: nonsolotrading.com
FACEBOOK: alturl.com/cve4m