4 HOURLY

Our Technical analysis are based on Cloundra Propriety system, which has proven 85% accuracy in providing the next market movement. Readers need to learn Cloundra Trading System for them to understand this technical analysis.

Weekly: We have selected GBPCAD because of CX trade on the Daily and H4 timeframe. On weekly we only see a sideways market with possible wave B in progress.

Daily: A CX trade. Short once CX is completed on the H4 timeframe. 

H4: H4 CX expecting upper CPD, this is a triangle on higher term timeframe.

Next trade setup: This is a high probability trade on the Daily Timeframe since the market is almost sideways, proper money management is required. 

4 HOURLY

Our Technical analysis are based on Cloundra Propriety system, which has proven 85% accuracy in providing the next market movement. Readers need to learn Cloundra Trading System for them to understand this technical analysis.

Weekly: Wave II is in progress and still no sign of completion. Any long term trade on weekly timeframe should be considered short term wave C and long Wave C for long term timeframe. A PGTL is also tested twice but no breakout yet. 

Daily: Sideway triangle of the wave B of the correction. Once the triangle is completed, possible short trade of Wave C will lead to a reasonable profit.

H4: Completion of Wave E of the triangle can give us COD as we expect due to GRTL breakout, however, this will not be a profitable trade due to the tight range of the triangle. But formation of COD can provide clues to early entry for Wave C Short trade.

Next trade setup: Monitor H4 for completion of the Wave E of the triangle. and prepare risk management for C trade.

4 HOURLY

Our Technical analysis are based on Cloundra Propriety system, which has proven 85% accuracy in providing the next market movement. Readers need to learn Cloundra Trading System for them to understand this technical analysis.

Weekly: Expecting prices to further rally the correction mode of the Pair. Next week market is likely to trade a tight smaller range, which may ends in the red by the end of the week.

Daily: Wave B of A-B-C- correction is in progress. A lower timeframe triangle is visible in the daily timeframe. A GGTL breakout also required lower CGD which is not formed just yet. so completion of the wave B will lead us to CGD on the Daily at the end of Wave C. 

H4: The possibility of wave E to overshoot is very likely in H4, which will end the market on the higher note. An alternate scenario could be a complex correction, which can take longer to complete. 

Next trade setup: Our game plan for this pair is currently to monitor H4 for the completion of Wave E, than we will trade short for Wave C trade. The profit target for Wave C should be 72.5