GBPCAD SELL IDEAFX:GBPCAD
Break and retest below daily resistance in confluence with the 38,2 Fibonacci retracement level on an overall bearish structure on the daily, 4h and weekly
GBPCAD
✅GBP_CAD RISKY LONG🚀
✅GBP_CAD has retested
The horizontal support of 1.698
From where we are already
Seeing a bullish rebound
And I think that we will see
A further move up
LONG🚀
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GBPCAD...SHORTOANDA:GBPCAD A short position can be taken on the specified levels
On the first level, you can enter only by seeing the hammer candle
There is no position before reaching the surface
GBPCAD, Neutral Technical OutlookGBPCAD consolidating between a support trendline and a resistance trendline. The price has repeatedly rebounded from the support trendline, forming new higher lows. The price has also repeatedly pulled back from the resistance trendline, forming new lower highs.
There are four potential outcomes for the GBPCAD pair:
1. Rebound
If the price rebounds from the support trendline, it could move up to the resistance trendline. This would be a bullish outcome.
2. Pullback
If the price pulls back from the resistance trendline, it could move down to the support trendline. This would be a bearish outcome.
3. Breakout above resistance
If the price breaks out above the resistance trendline, it could move up to the next level of resistance. This would be a very bullish outcome.
4. Breakout below support
If the price breaks out below the support trendline, it could move down to the next level of support. This would be a very bearish outcome.
Overall, the technical outlook for the GBPCAD pair is neutral. The price is consolidating between a support trendline and a resistance trendline. There are four potential outcomes for the pair: a rebound, a pullback, a breakout above resistance, or a breakout below support.
GBPCAD Will Grow! Buy!
Take a look at our analysis for GBPCAD.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 1.700.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.702 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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GBPCAD SHORTSGBPCAD since the beginning of the week have been moving bearish and in respect to this, I plan to stick to the trend, the daily and the weekly also shows the bearish trend, and to follow this I expect this pair to retrace to the 50 Exponential moving average and we short to the 800 Exponential moving average.
GBPCAD#GBPCAD - H1
📣 Upon reviewing the 1-hour timeframe, with the break of the resistance level in the range of 1.7063, it is possible to initiate a buy position with a target of 1.7150.
⛔ Stop loss: 1.6980
On the other hand, with the break of the 1.6980 range, there is a bullish outlook for a price decline towards the 1.6900 range.
⛔ Stop loss: 1.7063
GBPCAD could go up to 1.7138 after the BOEGBPCAD has started to show upward strength after bouncing at the 1.70 level, where a demand zone is located. The price underwent a significant structural change on the M15 timeframe yesterday, presenting a trading opportunity that could have yielded a 1% profit before the release of Canadian data. Personally, I did not execute that trade. Currently, it appears to be resuming its trajectory towards the higher swing point, where there is liquidity to fill at the 1.7138 level. Today, the BOE interest rates are expected, so pay attention to potential entries during the London session and possible spikes during the rate announcement. Personally, I would consider an entry, provided the conditions are met, after the rate announcement to have a more comprehensive view of the chart and macroeconomic factors. Naturally, I will assess a structural change to the upside on the M15 to confirm my long-term bullish outlook. Greetings and happy trading to everyone.
GBPCADGBPCAD price is in a correction range. The price has an opportunity to test the resistance 1.70880 if the price cannot break through this resistance. It is expected that there is a chance that in the short term the price will go down. Consider selling in the red zone.
>>GooD Luck 😊
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GBPCAD H4 | Bullish bounceGBPCAD is bouncing off the pullback support and could potentially rise to the take profit level.
Buy entry is at 1.69935 which is pullback support level.
Stop loss is at 1.69038 which is an overlap support level.
Take profit is 1.71634 which is a level that sits above a swing-high resistance that aligns with the 78.6% Fibonacci retracement level.
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gbpcad h8 xabcd advanced entry buy/hold setup🔸Hello traders, let's review the 8 hour chart for GBPCAD.
Speculative XABCD in progress, with PRZ/C set at 6880, so expecting more losses
in GBPCAD going into early Feb 2024.
🔸XABCD structure is defined by point X at 7240, point A at 6820, point B
at 7170, point C at 6890, point D/PRZ at 7360, currently most points validated,
point D/PRZ pending in early March 2024 (PRZ/D = 7360)
🔸Recommended strategy for GBPCAD traders: wait for pullback/correction
to complete at point C near 6880, buy/hold, SL 80 pips, TP1 +160 pips TP2
+320 pips, final TP/exit at point D/PRZ at 7360. swing trade setup. good luck!
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RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
GBPCAD | H1 | Buy After Some TimeHello everyone ...
set your buy limit orders if price break our entry area then this idea will be invalid..
Use good trade management only thing important in Trading is how you manage your trade...
WHAT YOU THINK ABOUT THIS PAIR LET ME KNOW IN COMMENT..
.. good luck..
GBPCAD The Target Is UP! BUY!
My dear subscribers,
My technical analysis for GBPCAD is below:
The price is coiling around a solid key level - 1.7006
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 1.7099
My Stop Loss - 1.6963
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
GBPCAD SELL IDEA FX:GBPCAD
Retest below 1.7413 Daily resistance for a potential continuation to the downside.
GBPCAD short time...Break in broadening top channel tell us its time to short GBPCAD.
Price action can approve it. A breakout, a tight channel and again a bearish breakout can send GBPCAD to hell.
Trade safe.
Good luck.
GBPCAD Quadruple top on 1D?The GBPCAD pair delivered a solid buy trade last time we analyzed it (October 05 2023, see chart below), easily hitting the 1.71110 Target, on a structure rise:
The price is now signaling a bearish call as it has been rejected on the Lower Highs trend-line that started on the July 17 2023 High. This is technically a Quadruple Top if it stays that way and naturally there is strong sell potential behind it. The natural support levels are the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line), the latter of which is trading exactly on the Higher Lows trend-line, which is our first Target (1.6950).
If the price closes below the 1D MA200 and Higher Lows trend-line, we will re-short and target the 0.618 Fibonacci retracement level, which is just below Support 1. What makes selling a stronger probability right now is the formation of a 1D MACD Bearish Cross, which has been a sell signal with 100% accuracy for the whole 2023.
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GBPCAD: Your Trading Plan Explained 🇬🇧🇨🇦
GBPCAD is testing a solid rising trend line on a daily.
Probabilities are high that we will see a bullish reaction to that.
Your bullish confirmation will be a bullish breakout of a neckline of a horizontal range
on an hourly time frame.
Hourly candle close above 1.7105 will confirm a violation.
A bullish continuation will be anticipated to 1.713.
If the price sets a new lower low lower close, a setup will become invalid.
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GBPAUD: Expecting Bearish Movement! Here is Why:
The price of GBPAUD will most likely collapse soon enough, due to the supply beginning to exceed demand which we can see by looking at the chart of the pair.
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GBP/CAD BUYERS WILL DOMINATE THE MARKET|LONG
Hello,Friends!
GBP/CAD is making a bearish pullback on the 1H TF and is nearing the support line below while we are generally bullish biased on the pair due to our previous 1W candle analysis, thus making a trend-following long a good option for us with the target being the 1.713 level.
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GBPCAD Massive Short! SELL!
My dear friends,
Please, find my technical outlook for GBPCAD below:
The instrument tests an important psychological level 1.7162
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.7089
Recommended Stop Loss - 1.7209
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
GBPCAD Long OpportunityTrend:
H4: Up
D1: Up
Moving Average:
Within H4 MA
Pattern:
Bat pattern on M30
Deep crab on M15
Strong support at 1.7100
50 pip stop loss.
gbpcad buy ideaFX:GBPCAD
The daily, 4h and 1h timeframes are bullish and in sync with each other, hence it makes sense to look for buys. Price has come to retest at 1.71010 Daily support. I will be looking to buy at that area should it hold as support during the London session.
