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GBPCAD

GBPCAD Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
Short
by ShahedZare
GBPCAD Long Term BUYING Trading IdeaHello Traders In This Chart GBPCAD HOURLY Forex Forecast By FOREX PLANET today GBPCAD analysis 👆 🟢This Chart includes_ (GBPCAD market update) 🟢What is The Next Opportunity on GBPCAD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexPlanet20
GBPCAD Will Go Higher From Support! Buy! Take a look at our analysis for GBPCAD. Time Frame: 6h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 1.689. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.704 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!
Long
by SignalProvider
1
GPBCAD - 4hrs ( Sell Trade Target Range 180 PIP ) Pair Name : GBP/CAD 🗨Time Frame : 4hrs Chart / Close ➕Scale Type : Large Scale ------ 🗒 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 ( ❗️ Short ) Type : Mid Term Swing —————————— Bearish Break 1.71000 Area Reasons - Major Turn level / D - Visible Range hvn - Visible Range Lvn - inner Pattern Break - 3 Quarter High - Quarter High - Fixed Poc Bullish Reversal 1.69000 Area Reasons - Major Turn level / D - Visible range Lvn - inner Choch - Fibo Golden - Pattern Target - Month / 3 Q Low
Short
by GentleGoldenEngine
2
GBPCAD Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
Short
by ShahedZare
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 - 1.6993. Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 1.7100 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 September 9th, 2023In technical analysis, a "rising wedge" is a pattern that forms when the upper and lower trendlines converge, creating a wedge shape. This pattern typically signifies a potential reversal in the price movement. To identify a rising wedge, look for a minimum of 5 touchpoints on the trendlines. In the example chart of GBPCAD on the daily timeframe, you can see that there are 7 touchpoints (3 on the upper trendline and 4 on the lower trendline). When analyzing the rising wedge pattern, it's essential to pay attention to trading volume. In this particular case, we observe a situation where the price is showing an upward movement while the volume indicator displays a decrease in trading volume. This discrepancy between price and volume can provide valuable insights into market sentiment. The decreasing trading volume suggests a diminishing interest among market participants. Traders may perceive the GBPCAD price as relatively expensive or overvalued, which leads to reduced trading activity. This can be seen as a sign of market indecision or potential exhaustion of the current trend. In technical analysis, this divergence between price and volume can act as a cautionary signal, indicating that the prevailing trend may be losing momentum. It adds an extra layer of analysis to our interpretation of the rising wedge pattern and the potential breakout to the downside. Therefore, when considering trading decisions, it's crucial to take both price action and volume into account to make a more informed choice. Now, let's talk about using a breakout strategy with the rising wedge pattern. Breakout strategies involve identifying key levels for potential price movements. To help with this, we can utilize the Fibonacci channel tool. This tool allows us to mark three important zones: Premature Breakout Zone (0%-50%): Represented by the gray area. This zone indicates where a breakout may occur too early, and it's generally considered less ideal. Ideal Breakout Zone (50%-78.6%): Marked by the green area. This zone is where we want to see a breakout happening as it enhances the likelihood of success. In your current scenario, the price has successfully broken out below the rising wedge pattern within this ideal breakout zone. Lost Breakout Potential Zone (78.6%-100%): Indicated by the light blue area. If the price breaks out beyond this zone, it might suggest a loss of breakout potential. When a breakout occurs to the downside, we can use the following Fibonacci retracement levels: Fibonacci 50% (Target 3 - 1.63): This level is considered a potential target for the price after a breakout. In this case, it's at 1.63, marked with a dark blue horizontal line. Fibonacci 78.6% (Target 2 - 1.65): This level represents another potential target if the price continues to move downward. It's at 1.65, also marked with a dark blue horizontal line. Fibonacci 100% (Target 1 - 1.67): This is the final potential target after a full retracement. It's at 1.67, indicated by a dark blue horizontal line. These horizontal lines help traders identify where they might consider taking profit levels after a successful breakout to the downside. While technical analysis tools like rising wedges and Fibonacci channel can provide valuable insights, it's crucial to combine them with other forms of analysis and risk management strategies when making trading decisions. Always consider your risk tolerance and use proper position sizing to protect your capital.
Short
by DNP-FX
6
GBPCAD - Trend-Following Setup ↗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. GBPCAD has been overall bullish trading inside the flat rising channel in orange and it is currently approaching the lower bound / orange trendline. Moreover, the zone 1.68 is a strong support. 🏹 So the highlighted orange circle is a strong area to look for trend-following buy setups as it is the intersection of the green support and lower orange trendline acting as a non-horizontal support. As per my trading style: As GBPCAD approaches the lower orange 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
by TheSignalyst
2