GBPCAD LONG - NEW HIGHS EXPECTED!Waiting for a retest of 1.71226 to long GBPCAD back to swing highs at 1.73339
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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 :-)
GBPCAD Analysis 20Aug2023if this analysis is responded positively, then the RSI which is showing convergent indications at this time may respond positively to the market with a limited bearish occurrence in the support area that has been tested below.
GBP-CAD Short From Resistance! Sell!
Hello,Traders!
GBP-CAD is closer and
Closer to the horizontal
Resistance level of 1.7348
And because the pair is
Overbought I think that
We can be expecting
A local bearish correction
Sell!
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Check out other forecasts below too!
GBPCAD A Fall Expected! SELL!
My dear friends,
My technical analysis for GBPCAD is below:
The market is trading on 1.7249 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 1.7180
Recommended Stop Loss - 1.7289
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
🔥 NEW: GBPCAD 🔥 DT SWING 🔥Requested by: @YOUNGMILLIONS21
SLO @ 1.7310 📉
SSO @ 1.7250 ⏳
TP1 @ 1.6725
TP2 @ 1.6235
TP3 @ 1.5875
TP4 @ 1.5325
BLO @ 1.4860 ⏳
While major moving averages are reflective of strong buying pressure, overall, the major oscillators are nearing indicating sell signals.
This could be point to Price Action being in Supply.
The RSI indicator and the MACD indicator are neutral, but the Stochastic oscillator is overbought.
STRATEGY: PIP MOVEMENT
Scalping: 10 pips
Intraday trading: 10-50 pips
Swing trading: 50-100 pips
Position trading: 100-200 pips
GBPCAD: Short Trade with Entry/SL/TP
GBPCAD
- Classic bearish pattern
- Our team expects fall
SUGGESTED TRADE:
Swing Trade
Short GBPCAD
Entry - 1.72646
Sl - 1.73148
Tp - 1.71899
Our Risk - 1%
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GBPCAD - Approaching A Strong Resistance 🔎Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
GBPCAD has been overall bullish trading inside the rising channel in orange, however it is currently approaching around the upper trendline.
Moreover, the zone 1.74 is a strong resistance.
🏹 So the highlighted red circle is a strong area to look for sell setups as it is the intersection of the blue resistance and upper orange trendline acting as a non-horizontal resistance.
As per my trading style:
As GBPCAD approaches the orange circle zone, I will be looking for bearish reversal setups (like a double top 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
✅GBP_CAD SWING SHORT🔥
✅GBP_CAD is trading in an
Uptrend but the pair will soon
Hit a massive horizontal resistance
Of 1.7358 from where I think
We will see a bearish correction
SHORT🔥
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GBPCAD - Look to add long position ✅Hello traders!
‼️ This is my perspective on GBPCAD.
Technical analysis: Here price respected perfectly previous analysis, now I look to add long position, so I want price to make a retracement to fill the imbalance lower and then to reject from bullish order block.
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GBPCAD, Trend resumption GBPCAD / 1D
Hello Traders, welcome back to another market breakdown.
GBPCAD is trading in a bullish trend, the bears failed to reverse it. Therefore, I'm looking for a trend resumption for new highs.
Checkout the chart for where I'll do business for low risk and high reward entry.
Trade safely,
Trader Leo.
GBPCAD Bullish Trend continuationThe Canadian dollar fell past the 1.34 per USD level, an over two-month low, as the greenback remains strong amid bets the Fed will need to keep interest rates elevated for longer. At the same time, oil prices fell from recent highs and Canada posted the largest trade deficit since November 2020, highlighting the extent of net outflows of the domestic currency from the economy, and pressuring the Loonie. On the other hand, annual inflation rate in Canada rose more than expected in July and the core rate failed to slow as anticipated, keeping a range of possibilities open for the Bank of Canada, as the bank considers the need for another rate hike in September. So from my side of view Cad will remain weak..... looking at my analysis on GBPCAD we had a breakout of 1.71262 Level and a retest so we might continue buying the dip until 1.73236 which will be my TP.
GBPCAD Local Bullish Bias!GBP-CAD broke out of
The range and the breakout
Is confirmed so now we are
Locally bullish biased
And we will be expecting
A move up towards the
Target of 1.73284 !
💱GBPCAD - Symmetrical triangle will provide upside potential GBPCAD is forming a retest of resistance at 1.71041. The price is preparing for further strengthening along the trend. After the correction a set-up is formed which may give the market an impulse to 1.7216 in the near future
TA on the high timeframe:
1) The correction from 1.7222 ends with consolidation in the range of 1.710 - 1.690
2) After a false breakout, the price forms a retest of resistance
3) A pre-breakout consolidation is formed
TA on the low timeframe:
1) A symmetrical triangle is formed on the chart with downward resistance and upward support.
2) Another retest is forming and trading volumes are increasing
3) The market is preparing for a breakout, it is important for us to wait for a break of 1.71000 and price consolidation above the level.
Key support📉: 1.70540, 1.7000
Key resistance📈: 1.71040
GetMoneyTradez GbpCad short setupMarket makers have stop hunted early sell participants and have come back into the zone. With that out of the way we should be able to short and catch a minimum of 100pips but seeking 175pips.
GBP/CAD BULLS WILL DOMINATE THE MARKET|LONG
Hello,Friends!
GBP/CAD is trending up which is evident from the green colour of the previous weekly candle. However, the price has locally plunged into the oversold territory. Which can be told from its proximity to the BB lower band. Which presents a beautiful trend following opportunity for a long trade from the support line below towards the supply level of 1.711.
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GBPCAD LONGA trade with the best entry point, the best R:R (1:13), the lowest risk and in the direction of the market trend.
In terms of fundamentals, due to the drop in oil prices and the impact on the Canadian currency, Mithian predicted that the British pound would become stronger.
Technical and fundamental shows growth.
Good luck.
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 :-)
Potential Long GBPCADGBPCAD posted a green weekly Heiken Ashi candle. This suggests to me that it may go up next week. However, a green daily Heiken Ashi candle has not yet posted on the daily time frame. Therefore, I must wait until it does. If a green candle does not post by close of day Monday, then I will no longer consider this trade anymore.
GBPCAD I Buyers struggling to break 7145 I This could happenWelcome back! Let me know your thoughts in the comments!
** GBPCAD Analysis - Listen to video!
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GBPCAD: Running out of steam, start of the reversal?In my opinion GBP is building up for a big fall this year, and it has to start with a lower high.
Oil prices are rising, and as much as the FED don't want this, it's happening, and this should be good for CAD.
I can see a rising wedge pattern, we can see spinning tops forming and it looks like we're running out of steam, I believe we'll initially fall back to the 1.7 support / round number.
I'm waiting for my entry, I expected GBP to fall before now, but the BoC unemployment news wasn't supportive last week.
sell gbpcadsell #gbpcad to TP:1.169838
open sell 0.1 lot for each 1000$
if Reverse to 1.7753 sell again 0.1 lot to TP
dont set SL
There was a need to close the order, it is announced in this analysis.
So follow us.
GBPCAD Short Term Sell IdeaH4 - Bearish trend pattern.
Currently it looks like a pullback is happening.
No opposite signs.
Until the two strong resistance zones hold my short term view remains bearish here.
