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GBPCAD

Strifor || GBPUSD-06/03/2024Preferred direction: BUY Comment: At the beginning of the week, the buy-priority is still relevant for the British currency , however, despite the presence of a limit buyer, a more likely long scenario looks precisely after a small downward correction towards the level of 1.26770 . In this case, a false breakout will be formed as soon as the price returns to previous levels after testing the level of 1.26770 , that is, it returns again to the level of 1.27100 , where the limit buyer is located. We set the target near the level of 1.27500, since pressing close to 1.28000 will be a rather risky maneuver, there is a high probability of a rebound downwards from this round resistance level. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Long
by Strifor
1
Strifor || EURUSD-06/03/2024Preferred direction: BUY Comment: The middle of the week has come, and, as we said at the beginning of the week, a rather eventful economic calendar awaits us. The buy priority for EURUSD remains relevant, which was also indicated at the beginning of the week. The growth target is located at the level of 1.09000 , and there is also a possibility that the instrument will try to grow towards 1.09500. As part of today, two long scenarios are proposed, where the more likely scenario is №1 , according to which, before moving to 1.09000 , a false breakout will be formed in the area of the level 1.085000 . Perhaps the deal will last until tomorrow. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Long
by Strifor
1
GBP/CAD SHORT from 1.7146GBP/USD and GBP/CAD have come under sustained selling presuure in the last hour. WE havbe a confirmed SELL signal on Pivot Point Supertrend and the red SELL line has crossed the signal line of the Andean Oscillator and is rising shrply indicating high momentum SELLING. On the H4 chart we've been overbought on this pair for some time and the RSI is now descing. MACD on H4 is also confirming this SHORT bias. Target for this trade is the 200 EMA on H4 which may be optimistic but there's no reason why the price can't make it down there over the next few trading days though any news will have to be factored in. Price has broken 25 EMA and 50 EMA on H1 and is currently forcing its way through the 100 EMA which is not offering much support. On the H4 time frame the price is trying to defeat the 25 EMA which may hold up the BEARS but the overall picture is BEARISH. STOPS can be placed above the last high.
Short
by forextraplaces
GBPCAD - 4hrs ( Buy Trade Target Range 180 PIP ) 💵Pair Name GBP/CAD Time Frame : 4 hrs Scale Type : line chart + Candle Stick ------ 🌐 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money 🔗 Key Technical / Direction ( Long ) Mid Term Type : Mid Term Swing —————————— Bullish Break 1.70700 Area reasons - Major Turn level / D - Monthly Retest Level - Choch Zone - Trend Retest - D + W H Break - Fibo Golden Bearish Reversal 1.72500 Area Reasons - Major Turn level / W - Pattern Target - fixed Poc Area - Fibo Golden - Quarter's Area
Long
by GentleGoldenEngine
GBPCAD The Target Is DOWN! SELL! My dear friends, Please, find my technical outlook for GBPCAD below: The price is coiling around a solid key level - 1.7070 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 1.7019 Safe Stop Loss - 1.7099 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
GBPCAD Will Fall! Sell! Take a look at our analysis for GBPCAD. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 1.705. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 1.702 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
GBPCAD What Next? BUY! My dear subscribers, My technical analysis for GBPCAD is below: The price is coiling around a solid key level - 1.6956 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 1.7041 My Stop Loss - 1.6916 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 ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
GBPCAD Day Analysis | BUY SetupHello Traders, here is the full analysis. I think we can soon UP from this range! GOOD LUCK! Great BUY opportunity GBPCAD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Long
by TheGrove
1