GBPCAD Price Action Analysis – 14th June 2017

Print Friendly

Before you continue, we want to make sure you understand that this is a past trade idea found inside The Price Action Club which is a premium Price Action trade signal service. This post is 1 week delayed and this idea is no longer valid but the lesson is still valid. We post this to show you what is inside the Price Action Club. It would be awesome if you join us to learn and to trade our trade ideas. We hope to see you inside the Price Action Club soon. Click here to join us…

Join The Price Action Club Here…


Claim Your $60 No Deposit Bonus Here

All you need is to have your live account verified!
Of course, you need to open a live account...

2 Brokers that we like A LOT!
USD30 from each Forex Broker Below.
Both Forex Brokers have excellent rating!

XM Broker

TickMill

We use both of these brokers and proudly promote them!


GBPCAD Price Action Analysis – 14th June 2017 

GBPCAD has been bearish on the H4 and H1 chart. The pair has kept making lower lows for 4 days. Today’s price action so far suggests that the pair might head towards the South again to make new lower lows. Let us have a look at the chart to find out the equations to ride on that potential bearish ride…

GBPCAD Price Action Analysis – 14th June 2017


Thank you for your readership. We are truly grateful!

Hope that you like the strategies that we share.
If you like the strategies here, you will absolutely
love our latest strategy...

The MorningPips Trading System

The aim of Morningpips is to finish trading by the morning.
Simple as that... Check it out!


This is the H1-GBPCAD chart, which states that the pair has been down trending with a good amount of selling pressure. The price came up to 1.67900 to find its support. It did and had some corrections. However, on the H1 chart, we see that a little Double top has been formed at 1.68850. This level is today’s lower low so far, as well. The price now is heading towards the South to the previous low. If it makes an H1 breakout at 1.67900, then selling the pair would get some green pips for the sellers with excellent risk and reward ratio. Let us have a look at the summary of the trade…

  • Sell Stop Order: 1.67900
  • Stop Loss Level: 1.68900
  • Take Profit Target: 1.66300
  • Validity: 72 hours
  • Whenever possible, move the stop loss to the entry price and whenever you want, you can take profit anytime as long as you feel comfortable

Choosing the right time frame in the Forex trading is an important and sometimes a difficult task for the traders. In fact, integration of multi time frames is needed. Here we have integrated H1 chart with H4 chart. H4 chart has been used to identify the trend and the H1 chart is going to be used to take the entry. Over here H1 chart is called the Trigger chart.

We hope that you enjoy our Free Forex Trading Signal today: GBPCAD Price Action Analysis – 14th June 2017 

Join The Price Action Club Here…

 




Learn and SHARE the Knowledge!
Click Here to Leave a Comment Below 0 comments

Download Our Sniper Trader Trend Following System

x