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Gbp-cad

Levels discussed during the webinar 21st March21st March (might not be alot of trading opportunities) DXY consolidating possible breakout down to 103 NZDUSD: too late, no trade AUDUSD: buy above 0.67 SL 20 TP 20 (small trade) USDJPY: break 131.50 SL 40 TP 80 GBPUSD: retrace down to 1.22 EURUSD: likely to up to 1.0760 but not great RR trade USDCHF: sell below 0.9280 SL 20 TP 40 USDCAD: watch video for the setup with upside & downside potential GBPJPY: buy from bounce of support 159.00 SL 50 TP 300 GOLD: retest of support, look for buying potential
TVC:DXY
by JinDao_Tai
1
GBPCAD can move lower? 🦐GBPCAD on the 4h chart is trading exactly at the fair value over the 50% support of the previous impulse. We can notice how the market created a range with a spike over the 1.65000 area that seems to be a head and shoulders pattern. The Head and shoulder pattern works in a better way at the top of a trend while here we are not but in case the price will break below the support area and the Plancton's strategy will be satisfied we can look for a nice short order according to the Academy Rules.
by InkyGrip
3
GBPCAD on a lower low move? 🦐GBPCAD pair is currently in a downtrend, with a series of lower lows and lower highs on the 4-hour chart. The market tested a previous higher low and rejected the bulls' attempt, and the price is currently trading above a daily support level after testing a supply zone. The Perice attempted to break a 4-hour resistance level during the last bullish move but was ultimately rejected. This could suggest that the bears are still in control of the market and that the downtrend is likely to continue. However, it's important to keep an eye on the price action and watch for any potential signs of a reversal or a break above the resistance level to confirm a shift in market sentiment. If the price breaks below the structure, it could indicate that bears are still in control, and there may be opportunities for a short order based on Plancton's strategy.
by InkyGrip
6
GBPCAD - Wait For The Bulls!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. on DAILY: Left Chart GBPCAD is overall bearish trading inside the red channel, and it is currently approaching the lower red trendline. Moreover, the zone 1.60 is a strong weekly support zone . 📚 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue resistance support zone and lower red trendlines . (acting as non-horizontal support) on M30: Right Chart 🏹 Trigger => for the bulls to take over, we need a momentum candle close above the last high in gray. Meanwhile, until the buy is activated, GBPCAD can still trade lower inside the support zone 1.60 from Daily. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
8
GbpCad - Manipulation Point TradingBias: Short Market Cycle: Possibly the beginning of phase 1 I'm looking at 1.6170 for a potential break and retest.. You'll notice what looks like a 1h OB highlighted with a circle on the left, however when you move up to the 4h TF this OB disappears.. Therefore, if we get a break below 1.6170 followed by a SR & CC to the downside I will look for shorts.. Ideally the 1h OB reacts and buyers come into the market in order to give us our pullback before going short.. Let's see how it pans out..???
Short
by gfx-trading
GBPCAD - Strong Support Ahead!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. GBPCAD is overall bearish trading inside the red channel, and it is currently approaching the lower red trendline. Moreover, the zone 1.60 is a strong weekly support zone . 🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue resistance support zone and lower red trendlines . (acting as non-horizontal support) As per my trading style: As GBPCAD is sitting around the lower purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
9
Joe Gun2Head Trade - Swing failure on the daily chart on GBPCADTrade Idea: Buying GBPCAD Reasoning: Swing failure on the daily, possible short term bottom on the intraday Entry Level: 1.6175 Take Profit Level: 1.6346 Stop Loss: 1.6110 Risk/Reward: 2.61:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Short
by Signal_Centre
1
GBP/CAD has lost its bullish vigor after Wednesday's recovery.GBP/CAD has lost its bullish vigor after Wednesday's recovery toward 1.6600. Prior to the Bank of England's (BOE) policy announcements, investors refrain from placing bets on future Pound Sterling strength, and the near-term technical outlook indicates a lack of buyer demand. The Bank of England is expected to increase the interest rate by 50 basis points. There are two important things to focus on here: firstly, the bank’s take on the interest rate and how long it thinks inflation will take to come close to its target. Secondly, where is the upper limit of the bank’s interest rate.
by FOREXN1
3
GBPCAD Potential for Bearish Continuation | 2nd February 2023Looking at the H4 chart, my overall bias for GBPCAD is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a sell entry at 1.64490, where the 38.2% Fibonacci line is. Stop loss will be at 1.65881, where the recent high is. Take profit will be at 1.61021, where the previous swing low is. 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
1
GBPCAD Potential For Bearish DropLooking at the H4 chart, my overall bias for GBPCAD is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Looking for a pullback sell entry at 1.64496, where the 38.2% Fibonacci line and overlap resistance is. Stop loss will be at 1.65881, where the recent high is. Take profit will be at 1.61021, where the previous swing low is. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
GBPCAD Potential for Bearish Drop | 1st February 2023Looking at the H4 chart, my overall bias for GBPCAD is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a pullback sell entry at 1.64490, where the 38.2% Fibonacci line and overlap resistance is. Stop loss will be at 1.65881, where the recent high is. Take profit will be at 1.61021, where the previous swing low is. 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 can break above? 🦐GBPCAD after our previous analysis dropped as expected to the 50% retracement where the market tested a support area. The market then moved to the upside and is currently trading between the 0.382 Fibonacci level and a daily resistance. How can i approach this scanrio? According to Plancton's strategy IF the market will break above the structure we can set a nice long order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
by InkyGrip
8
GBPCAD Two break-out levels.GBPCAD reached the top of its multi-year Channel Down and got rejected, but found Support on the 1D MA50 (blue trend-line). Those two levels keep the price action neutral within a Triangle pattern. The 1W MA300 (red trend-line) is right above the Channel Down and is in our opinion the buy break-out level, where you should go long and target the upper Resistances. On the other hand, every time the 1W RSI broke below its MA (yellow trend-line), the pair dropped. This is our sell break-out singal, with which we will target the 1D MA200 (orange trend-line). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
GBPCAD 15/01/2023GC makes a good case to buy here on the daily chart, after breaking the downtrend we have since seen the MA50>MA200, indicating a switch in the trend in candle closes, with the last 50 closes closing higher than the 200 closes previous, we have seen price move back to the MA50, and has since broken TWAP also, we can look for buys here and try make a new high. Oil will be in an important factor here, as CAD export vast quantities any move higher in Oil could cause the CAD to develop more strength, so we bare that in mind.
Long
by ZenFlo
4