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.
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Gbp-cad
GBP/CAD:DOWNTREND|PRICE ACTION| SHORT SETUP...Bank of Canada, Macklem: We may raise the rate sooner than previously thought.
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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.
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GBP/CAD:DOWNTREND| PRICE ACTION | SHORT SETUP 🔔Welcome back Traders, Investors, and Community!
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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.
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 ???
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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.
GBPCAD: Pullback From Key Level 🇬🇧🇨🇦
Hey traders,
GBPCAD dropped to a key daily demand area.
On that the price formed a double bottom formation on hourly time frame.
With its neckline confirmed bullish breakout I expect a pullback.
Intraday supports:
1.735
1.74
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GBP/CAD:RANGE AREA / SUPPLY AND DEMAND ANALYSIS / NEXT TARGET🔔 Welcome back Traders, Investors, and Community!
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GBPCAD Technical Analysis
⏳ Forex
💎 GBPCAD has got rejected several times from a significant resistance. It has also formed an Ascending Triangle which is expected to break below the Support and goes lower.
🏁 Short & Medium Term
💵 Invest Only 2% of your Portfolio
🎳 Entry at market or 1.75400
☕️ TP1 1.74620
🍺 TP2 1.73900
🍻 TP3 1.73000
🍾 TP4 _______
🍷 TP5 _______
🍸 TP6 _______
🍹 TP7 _______
🎁 TP8 _______
🚫 SL 1.76250
Good Luck 🎲
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Don't miss the strong SELL opportunity for GBPCADHello traders,
GBPCAD pair is gonna test a STRONG Trendline & a Strong resistance zone ( of rectangle ) which will make the pair move DOWN STRONGLY .
It's not a Financial Advice.
EURUSD double bottom formation (low risk high reward setup)EURUSD had a support around 1.1704, if you look at the daily time frame which it broke this week and almost tested 1.1660 mark.
On the hourly chart there is a double bottom chart formation and a multi days trend breakout confirmation as well. So I am expecting a bullish run following week on this market to 1.18 level.
Trade Safe!
GBPCAD - DAY TRADE VIEWGBPCAD - I am expecting a good up move in this pair from the current price, Momentum seems to be in buyers favour.
Go for buy at current price 1.74000
Potential up move 1.74900
Maintain Stop loss around 1.73600
Follow the levels properly as mentioned and use proper risk management.
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GBPCAD | SEEMS LIKE A GOOD BUYING OPPORTUNITYHey Traders,
Moving averages are moving nicely towards the upside, with a bullish engulfing candle as confirmation.
It could bounce back off the higher timeframe downtrend, but once it does I believe if we get another confirmation a re-entry could also be possible.