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GBPCAD

GBPCAD - Ready For A 500pip Tumble!GBPCAD is currently in a correction. We could very likely be in a 335 flat correction, which would make wave C 5 waves as opposed to the 3 waves shown in the chart. Either way, we'll be looking for a short from these levels. Trade Idea: - No safe entry for this trade - Risk Entry now with tight stops above the recent highs - Invalidation for this scenario will be once we move past the highs of 1.7333 - Main target is: 1.661 (500pips) Please bare in mind this is a risk entry. Goodluck and as always, trade safe!
by WicktatorFX
1
GBPCAD I It will continue to fall in the short-termWelcome back! Let me know your thoughts in the comments! ** GBPCAD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
11
GBPCAD - 4hrs ( Buy Trade Target Range 240 PIP ) Pair Name : GPB/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 ( Long ) Type : Mid Term Swing ——————————— Bullish Break 1.70700 Area Reasons - Choch Area Break - Visible Range Value - Day / w high Break - inner Fixed Range Value Bearish Reversal 1.73100 Area Reasons - Major Turn level / W Area - Pattern Target - Visible Range / D Hvn - Major Choch Area - Quarter's Area
Long
by GoldenEngine
2
GBPCAD ____ INCOMING BULLISH MOVEHello Traders, Just like my EURCAD analysis (inserted below), GBPCAD has also aligned on the monthly, weekly, and daily timeframes. Just like EURCAD also, GBPCAD did not trade into the weekly order block before the daily chart printed a bullish price structure and as I stated in my EURCAD analysis, it is not necessary. GBPCAD printed a bullish CHOCH on the daily chart which retraced and reacted nicely. I have adjusted my daily order block accordingly and I am waiting for the price to retrace into the order block to go long. Although I am speculating on higher price movement, if I am able to enter the trade, I will look to exit at the daily supply order block. Follow for more updates like this. EURCAD ANALYSIS Cheers, Jabaro
Long
by jabariofafrica
GBPCAD: Double long term Buy opportunity.GBPCAD is testing the 1D MA50 as Support on neutral 1D technicals (RSI = 49.135, MACD = 0.001, ADX = 29.493). This is an early buy signal. However since the long term pattern is a Channel Up, the downside potential extends as low as its bottom of the HL trendline. Throughout its formation, the 1D MA100 has constantly provided Support, more specifically three times since February 16th. Consequently, if a 1D candle is closed under the 1D MA100 (again it will be the first time inside this eight month Channel Up), we will add a second buy position near the 1D MA200. The current buy (1D MA50) targets the top of the Channel Up (TP = 1.74500), the lower buy targets the 1.382 Fibonacci extension (TP = 1.75150). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
10
GBPCAD LowerTrying GBPCAD lower here. Couple of reasons for the idea. Firstly looking at the narrative it seems to have changed in CAD favour. The GBP narrative is a little worse since the lower UK inflation data and the PMI dat this week didn't help much either. Meanwhile the CAD narrative seems pretty stable on a relatively hawkish BoC and a good economy. This along with extreme GBP longs could see the pair move lower. It also helps as it is a proxy to GBPUSD. I'm expected the fed to be a little hawkish today, while most are expecting this i think it still makes sense to go with it. Rate differentials are suggesting a little lower and oil is performing pretty well which should help CAD. We're also entering seasonals that are pretty poor for GBPUSD and so likely GBPCAD. Corporate month end is tomorrow as well which could see USD buying and so lower GBPCAD as a proxy to GBPUSD. Not trading/investment advise, feedback welcome!
Short
by Spinning_
USDCAD I It has broken the range and channelWelcome back! Let me know your thoughts in the comments! ** USDCAD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
11
Gbpcad likely more of pullback to long,bias up**Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared. Thank you, and please do your due diligence before any putting on any trades!
Long
by Shadowing_The_Big_Boys
GBPCAD - 4hrs ( Buy 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 ( Long ) Type : Mid Term Swing ——————————— Bullish Break 1.70000 Area Reasons - Major Turn level / M - Visible Range hvn - inner Trend Break Out - Fixed Range Poc - Day / week High Break Bearish Reversal 1.72400 Area Reasons - Major Turn level / W - Fixed Range Lvn / D - Visible Range Lvn - Daily Choch Area - Fibo Golden Zone
Long
by GoldenEngine
2