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Gbp-cad

GBP CAD Long idea GBPCAD has been in a steady uptrend for about a month now. In that time the price has respected the upwards trend and hasn't broken through it yet. On the 4hr chart, the Stoch-RSI indicators have just crossed in oversold territories (21), it looks like the price will increase. A scenario that might play out is that the price will fall down a little bit towards the trend line before its continuation forward. The one issue with this trade is that the price has failed to break through the 1.70 regions with any conviction, this indicates caution to me as another attempt is likely but failure to break past the resistance zone could lead to a drop in price towards the 1.684 level.
Long
by Orion-Markets
GBPCAD potential for reversal | 30th NovPrice is near sell entry price of 1.70470 which is also 23.6% Fibonacci retracement and 61.8% Fibonacci projection. Price can potentially dip to the take profit level of 1.69637 which is also 50% Fibonacci retracement and 61.8% Fibonacci projection. Our bearish bias is supported by stochastic as it shows divergence. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website
Short
by Rockqet
GBPCAD Long Entry GBPCAD has risen by 1.58% towards the levels of 1.70405 in recent days. However, the price managed to make lower highs and fell to the price of 1.689. Some support has been created at this level, which has formed exactly on the 0.618 Fib level. On the 4hr chart, the RSI levels are very oversold which indicates that there is room for GBP to rise. The target for this trade is at the 0.382 Fib level, 1.69477. The stop loss area for this trade is located at 1.6833
Long
by Orion-Markets
GBPCAD short ongoing ⤵️👇It's been a busy day for trades using our POW reversal script. Here we are using it on GBPCAD working the 20M time frame. Trade details for current trade are shown on the chart. We're looking for the green line which is take profit target. Little red arrow is entry point and purple line is stop loss. Previous trade can be seen on chart also for reference. This strategy has been on fire of late until today's first trade which hit SL. No strategy is 100% win and as we close the day off I'm in the next trade also a short which is progressing well. Lets see if the 35 pip TP target can be found. As with every idea trade history and log can be seen at the foot of this trade idea too for full transparency. The report box tabs when pressed it shows all you need to know about the strategy performance. You as the viewer of this idea can also do that so go ahead and have a play. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you. Darren
Short
by pow_removetheguesswork
6
GBP CAD Short Entry GBP cad has gained a lot of momentum this week following the increase of interest rates in the UK. The pair has gained 1.56% this week alone but as of today, it has witnessed some sell-off. The RSI levels on the 4hr chart are currently in very oversold levels,91, indicating that the continuation of the sell-off is likely. Another indication that GBP/CAD will drop is that the price wasn’t able to pass the 1.705 level which was the resistance it had to break to keep the momentum going forward. The targets for this short trade are at the 0.5 Fibonacci retreatment level of 1.6947. Following this, the next profit target is at 1.688. The stop loss area is tight, just above the recent high increase direction changes; at the 1.7052 level.
Short
by Orion-Markets
We start the day with a GBPCAD trade 👇👍This strategy has been covered twice already this week in ideas. Using POW reversal strategy here and trade details for current trade are shown on the chart. We are working the 20M time frame on this strategy. We're looking for the green line which is take profit target. Little red arrow is entry point and purple line is stop loss. Previous trades can be seen on chart the strategy is looking to go 5 out of 5 trades. Trade history can be seen at the foot of this trade idea too for full transparency. In that box every trade is logged and can be viewed by clicking the tabs in the report box. You as the viewer of this idea can also do that so go ahead and have a play. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you. Darren
Short
by pow_removetheguesswork
GBPCAD short has just alerted 🔔We have another GBPCAD trade on our POW reversal strategy. Trade details for current trade are shown on the chart. We are working the 20M time frame on this strategy. We're looking for the green line which is take profit target. Little red arrow is entry point and purple line is stop loss. Previous trades can be seen on chart. The short trade was covered in an idea yesterday which hit TP. This was then followed by a long which also found TP. Lets see how the new short trade fairs. Trade history can be seen at the foot of this trade idea too for full transparency. In that box every trade is logged and can be viewed by clicking the tabs in the report box. You as the viewer of this idea can also do that so go ahead and have a play. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you. Darren
Short
by pow_removetheguesswork
GBPCAD buy is a go 📈✅First POW reversal strategy trade of the week a GBPCAD long. Trade details for current trade are shown on the chart. We are working the 20M time frame on this strategy. We're looking for the green line which is take profit target. Little blue arrow is entry point and purple line is stop loss. Previous trades can be seen on chart. Trade history can be seen at the foot of this trade idea too for full transparency. In that box every trade is logged and can be viewed by clicking the tabs in the report box. You as the viewer of this idea can also do that so go ahead and have a play. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you. Darren
Long
by pow_removetheguesswork
2
GBPCAD short progressing ⬇️Using POW reversal strategy for this trade an GBPCAD short. Trade details for current trade are shown on the chart. We are working the 20M time frame on this strategy. We're looking for the green line which is take profit target. Little red arrow is entry point and purple line is stop loss. Previous trades can be seen on chart. Trade history can be seen at the foot of this trade idea too for full transparency. In that box every trade is logged and can be viewed by clicking the tabs in the report box. You as the viewer of this idea can also do that so go ahead and have a play. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you. Darren
Short
by pow_removetheguesswork
GBPCAD potential for dip | 9th Nov Price is near sell entry price of 1.67423 which is also 38.2% Fibonacci retracement and 100% Fibonacci projection. Price can potentially dip to the take profit level of 1.67423 which is the graphical swing low level. Our bearish bias is supported by the respective technical indicators. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Short
by Rockqet
GBPCAD LONGHey Traders, in the coming week we are monitoring GBPCAD for a buying opportunity around 1,675 Respecting the ascending Monthly Trend in combination with the Monthly Demand Zone. Once we will receive any Bullish confirmation the trade will be executed. Trade Safe and use proper risk management on swing trades. because on the long term the movements are more large comparing to intraday trading. so you must use a larger SL with a lot size more smaller than the one you use for scalping. Trade Safe, Joe.
Long
by JoeChampion
6
GBP/CAD | PRICE ACTION | MAY WILL SEE A RAISE OF PRICE | LONG The Bank of England to raise rates by 15bp today. - Bank of America. Welcome back Traders, Investors, and Community! Check the Links on BIO and If you LIKE this analysis, Please support our Idea by hitting the LIKE 👍 button Traders, if you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this. Feel free to request any pair/instrument analysis or ask any questions in the comment section below. Have a Good Day Trading !
Long
by FOREXN1
5
GBP/CAD:DOWNTREND|PRICE ACTION| SHORT SETUP...Bank of Canada, Macklem: We may raise the rate sooner than previously thought. Welcome back Traders, Investors, and Community! Check the Links on BIO and If you LIKE this analysis, Please support our Idea by hitting the LIKE 👍 button Traders, if you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this. Feel free to request any pair/instrument analysis or ask any questions in the comment section below. Have a Good Day Trading !
Short
by FOREXN1
5
GBP/CAD: DETAILED PRICE ACTION|DOWNTREND|SHORT SETUP🔔According to the latest Reuters poll from October 13-20, market analysts expect the Bank of England to be the first of the world's leading central banks to raise rates in the new post-pandemic cycle. Welcome back Traders, Investors, and Community! Check the Links on BIO and If you LIKE this analysis, Please support our Idea by hitting the LIKE 👍 button Traders, if you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this. Feel free to request any pair/instrument analysis or ask any questions in the comment section below. Have a Good Day Trading !
Short
by FOREXN1
7
GBPCAD Breaks And Holds Above 1.6988Since this breakout occurred just before last week's close, I am going to keep an eye on it a bit longer since the open tends to be a bit unpredictable. 1. This is a great fakeout signal. Price attempted to trade lower and then sharply reversed. Not only that, it took out the 1.6988 upper boundary that I had plotted. 2. Price traded back to the breakout level. I'm surprised to see such a clean hold. However, I do have a concern that price may drift back below this level during this week's open.
Long
by FinancialGamblR
GBPCAD is gonna have a bullish move OANDA:GBPCAD Hi guys , how are you ? I hope you're all fine and having a nice time . GBPCAD is in a great zone for starting a bullish move as we can see in the chart , the price is in an uptrend Also there is great support level with 5 touches ! there is also a Pin bar candle which touches the support level and also before the pin bar we saw that the momentum is changing and decreasing (becoming bullish) what's your idea guys ??? Please write your opinion in comments for us !
Long
by mahdirhimi
GBPCAD Strong Rebound From Support !?GBPCAD currently in a ranging pattern, which is now trading at 1.69692 (market closed price) We foresee GBPCAD will rebound at around the price from 1.69690 - 1.68700 may slightly different from our prediction. a stop loss set at 1.68000 if price continue to go deep and deeper. GBPCAD BUY @ 1.69690 & 1.68700 TP 1 : 1.70376 (short term) TP 2 : 1.72000 (mid term) TP 3 : 1.74000 (long term) SL : 1.68000 Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by FirstFortuneCapital
3