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Gbpcadanalysis

GbpCad could drop to 1.6After the low in September last year, GbpCad started to rise with a first very aggressive leg-up of 2500 pips from October to mid-December. However, after the top from December, the rise was contained in a big rising wedge to August, a double top marked the end of this rise and we have 3 very important breaks following: first, the break under the rising wedge's support, followed by the break of the neckline of the double top and finally the break under important horizontal support of 1.67. Recently the pair have made a local low in the 1.64 zone and now is in a recovery mood. Considering the 3 important breaks that you just talked about, we could consider a trend change for this pair and, this recent rise to test the broken support, now resistance, could offer traders an opportunity to join the recently formed bear trend. In conclusion, traders should look for signs of reversal and set a target at the 1.6 zone for their short trades. Note: when you set your stop loss, keep in mind that GbpCad is an extremely volatile pair
Short
by Mihai_Iacob
1
Time To Buy ? Oversold Move To 1.67 ??Since the close of last month, this pair has seen a sharp decline, plummeting almost 1,000 pips. Notably, for 16 consecutive days, it's registered a new low. Given its extremely oversold conditions, and it has now entered a Daily BUY/DEMAND zone, beginning around 1.64. As a result, I anticipate a short-term upward correction, potentially reaching the Weekly resistance level of 1.67 or even higher. This point could be an opportune moment for long-term sellers to re-enter and drive prices down towards the Weekly BUY/DEMAND zone at 1.60. I've entered a trade based on a 4-hour signal from my TRFX indicator. Check out the image below The 15-minute charts indicate a solid support around 1.64, highlighted by today's brief dip to a new low before a rapid rebound. You can examine this here: I am well aware that this is going against a strong downward push though given the extremely oversold conditions and the fact it is the end of the Month and end of Q3 profit taking may well allow this position to go my way. I will be taking profit off the table as this pair moves up and stop loss is down towards 1.63 if it does breakdown again and the stop is hit I will look for another re-entry signal as this is a good R/R trade. Hope you enjoyed the analysis
Long
by TheFxAce
26
GBPCAD Analysis. Plan for next week.Hello everyone. i want share my idea about GBPCAD. In my last analysis which was day trade signal price reaction in first couple hours was perfect but then we got strong price push up which stopped me. GBP is still strong bearish, in September we had price pretty strong fall which can give me Bearish signals and ii will try to catch this movement. I marked some Daily resistances and used my Fibonacci tool from last High to last low, my Fibonacci levels showed me some good entry points but the best entry point i think will be 71.00 level which is exact at 4h resistance. Downside 4h trendline is broke but it really don't give me any sing of trend change after this fall. I will try to short this pair again and if it will stop me then i will try another short entry point because we have 3 Daily strong resistance. I will share Signal type this trade if price rection will go with my prediction, first i will wait reaction at the level and than i will share. Always manage your risk and make your own research!!!
Short
by elmakacho
2
GBPCAD Analysis. Another signal!Hello everyone. i want share my idea about GBPCAD which will be signal from me. After some pretty strong bearish movement today we saw some up movement of GBP but at the pair it it was the prettiest high for enter short position, because at higher timeframe price fall is without almost high and this is so strong, which is absolutely falls change the trend. I used my fibonacci levels for find some good entry point at 4 h timeframe and after touch this level it had strong reaction three times which fall price from here. Here is my setup for that signal. Open Short Position - 1.646 Stop Loss - 1.645 Take Profit - First target 1.63587 and then i will trail my stop loss here if it will reach. Always Manage your risk and make your own research!!!
Short
by elmakacho
5
GBPCAD: LAST SETUP MOVING WITH 380+ PIPS PROFITDear Traders, hope you are doing great, we have an update on GBPCAD, our previous setup moving in positive with 380 PIPS.The GBP/CAD currency pair has been on a downward trend this week, falling from a high of 1.6650 on Monday to a low of 1.6350 on Friday. The pair has been under pressure from a number of factors, including a stronger US dollar and a weaker British pound. The US dollar has been buoyed by expectations of a rate hike by the Federal Reserve, while the British pound has been weighed down by concerns about the UK economy. The GBP/CAD pair is likely to remain under pressure in the near term, as the US dollar is expected to continue to strengthen. However, the pair could see some support if the UK economy shows signs of improvement; How will positive news will impact on GBPCAD? Positive news about the UK economy could lead to a rise in the value of the British pound, which would in turn cause the GBP/CAD currency pair to rise. This is because a stronger British pound would make it more expensive to buy Canadian dollars, which would lead to a decrease in demand for Canadian dollars and a rise in the value of the GBP/CAD pair. However, the effect of positive news on the GBP/CAD pair would depend on the nature of the news and the market's reaction to it. If the news is seen as significant and likely to have a lasting impact on the UK economy, then it could lead to a sustained rise in the value of the British pound and the GBP/CAD pair. However, if the news is seen as less significant or likely to have a temporary impact, then it could lead to a more muted reaction in the market and the GBP/CAD pair. Please show us some support by liking and commenting your views
Short
by Setupsfx_
26
GBPCAD Long Term BUYING Trading IdeaSep 13 Hello 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
GBP/CAD Weekly Analysis - Potential Retest of Upper ChannelWelcome to our weekly GBP/CAD analysis In this post, we'll provide you with a comprehensive outlook for the GBP/CAD currency pair for the upcoming trading week, highlighting the recent upper channel breakout and the potential retest scenario. 📈 Key Weekly Analysis Points: - Upper Channel Breakout: We'll discuss the implications of the recent breakout from the upper channel and its significance for GBP/CAD traders. - Robust Support Zone: Explore the strong support zone that could influence price action during the anticipated retest. - Key Resistance Levels: Assess the critical resistance levels that may present challenges for GBP/CAD bulls. - Trade Strategies: Get insights into potential trading strategies and setups for the week ahead. If you're a trader or investor interested in GBP/CAD, this post offers valuable insights to help you navigate the markets effectively on TradingView. Please remember to follow us for regular updates and analysis. Feel free to share your thoughts and questions in the comments section below. We value your feedback and interaction! #GBPCADAnalysis #ForexAnalysis #WeeklyAnalysis #ChannelBreakout #SupportResistance #TradingViewAnalysis #ForexTrading #CurrencyPair #GBPvsCAD #TradingStrategies #TechnicalIndicators #ForexInsights #ForexEducation #ChartAnalysis #ForexOutlook #TradingIdeas #GBPCADRetest #ForexStrategy #TradingTips #ForexMarketAnalysis Disclaimer: This analysis is for educational purposes only and should not be considered as financial advice. Always conduct your research and consult with a financial advisor before making any trading decisions. Trading involves risks, and it's crucial to manage them wisely.
Long
by Forex_Int
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 - AnalysisGBPCAD W1 - The price has been moving in a narrowing channel since the beginning of the year, the trend line has already been broken. What can this tell us? After fixing behind the trend line, a downward movement may develop, which will lead to a correction on the MN timeframe. If it is implemented, then we should expect the price to fall to the level of 1.66245 and further decline to 1.56857. What can be expected now? If the formation is not false, then the nearest target is 1.67585 and further movement to 1.60981. Long-term perspective - targets 1.65451 - 1.60770 - 1.56857 Medium-term perspective - targets 1.67585 - 1.65451 - 1.60770
Short
by Trade_Hive_Signals
2
GBPCAD Long Term SELLING Trading IdeaAug 20 Hello 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