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Gbpcadforecast

GBPCAD - BEARISH BIASGBP - BEARISH 1️⃣ Latest jobs report showed the UK unemployment rate rose to 4.1% as the number of people being laid off rose at the fastest pace since the financial crisis. 2️⃣ Investors remained cautious ahead of a Bank of England's policy meeting on Thursday on rising expectations of negative interest rates. CAD - BULLISH 1️⃣ Traders’ risk appetite was boosted by optimism about the resumption of AstraZeneca’s coronavirus vaccine trials. 2️⃣ WTI crude futures rose amid a weaker dollar and concerns over supply disruptions in the US Gulf of Mexico as Hurricane Sally approaches the region. ===== TECHNICAL ===== - We are looking to short this pair on SBR level + SMA100 area on H1 chart. - GBPCAD on bearish zone.
Short
by MonsunAsia
GBPCAD LONG PRICE ACTION FORECAST After getting a strong bounce from the support level, the price action shows bullish momentum, expecting upward movement continuation. A long entry could be set after the retest of the critical level. Fundamentally speaking, it worth to mention the bearishness in the black gold commodity is impacting the Canadian dollar across the board. The order: Type: buy-limit S/L: 94 pips - R:R | 1:3.5 - T/P: previous swing high -- *** If you like the idea, don't be shy, click on like and comment. If you disagree, just comment ;-) | Thanks for your support!!! ***
Long
by OGFXTRADER
GBPCAD LONG PRICE ACTION FORECAST An ascending hornet patter has cerated the price action within the GBPCAD pair. Now after bouncing from the pattern's support line. We could forecast the upward movement towards the resistance ascending line. The bullish trend expected allows the setup of a long position as a limit type if price retests the confluence area before the next bullish impulse. The order: Type: buy-limit S/L: 50 pips - R:R | 1:3 - T/P: previous swing high -- *** If you like the idea, don't be shy, click on like and comment. If you disagree, just comment ;-) | Thanks for your support!!! ***
Long
by OGFXTRADER
2
GBP/CAD Can break the supportHello Traders, The GBP/CAD cross seems to be under pressure today. If breaks the structure that supports it with a consequent closure underneath, the support would become resistance. Waiting for a confirmation of the next hourly candle to enter short. It is still being evaluated. On the chart you can see the supports and resistances. If you agree with my ideas put a like and feel free leave a comment to link your trading ideas. Follow me for weekly analysis of swing trading support/resistance , fibonacci retracements, COT data. For informations feel free to contact me. Thanks for your support and let me know what you think! My analysis are for educational purposes only, and in no way represent a solicitation to invest in the financial markets. Compare them with yours and make a decision.
Short
by AidiDuhanxhiu
GBPCAD LONG PRICE ACTION FORECAST After the rejection from the confluence zone, the pair is signaling an uptrend continuation. Retesting the descending trendline where also meet a golden level from Fibonacci, now continuing to move forward holding the ascending trendline allows the setup on a long entry as the stop type The order: Type: buy-stop S/L: 94 pips - R:R | 1:2 - T/P: previous high -- *** If you like the idea, don't be shy, click on like and comment. If you disagree, just comment ;-) | Thanks for your support!!! ***
Long
by OGFXTRADER
2
GBPCAD New Analysis ,Dont miss this big move!Hi Traders, here is the full NEW Analysis / Breakdown for GBPCAD . HIT THAT LIKE AND FOLLOW BUTTON! A like & a Follow or comment is a Free way to Show your support! Conditions - 1.Wait for confirmation(Wait For Price Action Confirmation / Market Environment Change ) 2.Use Risk Management (Risk 1% of your capital) 3.Do your Own analysis! 4.Follow for more Analysis like this! Your Support is Appreciated! See You in the next Educational Video / Analysis #likeandfollow
Long
by Global_Fx
2
GBP/CAD DAILY UPDATEHello Traders, We have a complete W pattern on the daily timeframe with a retest where we predicted, at 0.38 fibonacci. In red the resistances in green my TP. SL on sight or on the support. If you agree with my ideas put a like and feel free leave a comment to link your trading ideas. Follow me for weekly analysis of swing trading support/resistance , fibonacci retracements, COT data. For informations feel free to contact me. Thanks for your support and let me know what you think!We have a complete W pattern on the daily timeframe with a retest where we predicted, at 0.38 fibonacci. In red the resistances in green my TP. SL on sight or on the support.
Long
by AidiDuhanxhiu
GBP/CAD - buying opportunity with strong GBP momentumGBP/CAD has been trading within a respected weekly trend channel since Late-2019. The last touch of this trend channel was on the lower boundary with current expectations now that price will return to the upper boundary. Price has been consistently trading above the 50 and 100 DAY EMA and the posting of an extremely bullish weekly candle last week means that we are looking for long positions this week. With the current bullish momentum for the British Pound we are expecting at least a re-test of the strong resistance at 1.7718. If price holds above this level a good secondary target would be 1.8040.
Long
by TheForexFellows
GBPCAD, daily timeframe, bullish flag pattern materializedHello my friends, Another pair come to my screener and this one is one of the good pair to trade. I got some confirmations for GBPCAD to take buy position. 1st confirmation is price breaking above the bullish flag resistane 2nd confirmation is price bouncing of conversion and base line of ichimoku 3rd confirmation is ichimoku cloud is green indicating bulls are in control off this pair 4th confirmation is parabolic SAR finally moved below the price after lasting for 3 weeks above the pair I am going to add buy position to this pair, i took 1st buy position at 1.7345 from 2 weeks ago and still holding it. It never hit my stop loss so i never close it. Buy limit GBPCAD 1.7370 Stop loss 1.7200 Take profit 1 @1.7575 Take profit 2 @1.7950 RR ratio is 1 : 3.4 Risk only 1-2% equity Good luck
Long
by HayatoDragonFX
1