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Gbpcadlong

GBPCAD Trade IdeaGBPCAD has demonstrated a recent bullish trend, evident on the 4-hour time frame by the development of higher highs and higher lows. The current price swing indicates an imbalance beneath the price, potentially serving as a re-balance target. My approach involves anticipating a retracement into the 50-61.8% fibo zone, creating a favorable discounted entry point. It is essential to underscore that this analysis is intended purely for educational purposes and should not be interpreted as financial advice.
Long
by fxtraderanthony
Buy GBPCAD Triangle PatternFactors Strengthening GBP: Hawkish BoE: Recent hawkish comments from Bank of England (BoE) officials regarding potential interest rate hikes to combat inflation have bolstered the Pound. This has increased its attractiveness compared to the Canadian Dollar. Optimism on UK economy: Despite ongoing Brexit negotiations, positive economic data releases like higher-than-expected GDP growth and retail sales figures paint a picture of a resilient UK economy. This fuels investor confidence in the Pound. Price breaks the Pattern now, its good chance to buy now. Thank you.
Long
by KABHI_TA_TRADING
2
GBPCAD Analysis.Hello everyone. i want share my idea about GBPCAD. That pair we have is at pretty interesting place. it has few weeks bearish movement but last week we saw it came between daily resistance and weekly support, at the weekly support we have to much touch and if we look at chart it tested twice first time buyers active slowly and second time price got strong rejection at daily resistance from sellers but they were not enough strong to brake weekly support, it got same reaction from buyers at weekly support and stuck between that 2 zone. If we look at daily Fibonacci we will see correction after big uptrend going to end, i think at the moment buyers are more strong than seller but lets see what we will have next week. Here what i will try will be long that pair.
Long
by elmakacho
1
GBPCAD Analysis. Swing Trade Signal! Hello everyone i want share my idea about GBPCAD. At the pair on higher timeframe we first we had some pretty bullish movement which brake resistance at 1.685, for me that zone is interested price, for that i used my Fibonacci toll which helped me to identify this zone and if we look at the price movement we see some strong reaction first touch was aggressive buy, but then sellers were stronger and drop down the price where took liquidity and came up. with that movement i saw now we have more buyers than sellers, the buyers active at my marked support and Fibonacci high volume zone for the reason i decide to long this pair and for that i have some scenes, where i am right and where i am wrong. Scene 1 - price has high reaction from buyers at the level and going higher with strong movement. Scene 2 - price coming down strong which has high rection from buyers at Fibonacci 88.60 LVL and going strong up with strong movement, with it it taking liquidity and more buyers opening long positions. Scene 3 - Price don't have reaction from buyers its coming down to 88.60 Fibonacci LVL, there are more sellers than buyers and price continue fall, at the moment i am completely wrong and getting stop. My reward ratio here is 1:5 if i will be right. Open long position-1.6865 Stop Loss - 1.67600 Take profit - Trend following. I am risking at the trade 2%!! ALWAYS MANAGE YOUR RISK AND MAKE YOUR OWN RESEARCH!!!
Long
by elmakacho
GBPCAD - Long active ✅Hello traders! ‼️ This is my perspective on GBPCAD. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for long. I expect bullish price action from here as price filled the imbalance and rejected from bullish order block + institutional big figure 1.70000. Fundamental news: Tomorrow we will see Interest Rate on GBP. News with important impact on currency. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
GBPCAD can go 🚀UP🚀 to next 🔴Resistance zone🔴🏃‍♂️ GBPCAD has been moving in the Ascending Channel for more than two months and it seems that it can maintain this trend in the ascending channel in the coming weeks. 🏃‍♂️ GBPCAD is currently moving near the 🟢 Support zone(1.712 CAD-1.700 CAD) 🟢 and the lower line of the ascending channel. 🌊In terms of Elliott wave theory , GBPCAD seems to have succeeded in completing the main wave 4 near the lower line of the ascending channel. 🔔I expect GBPCAD to go up to at least the 🔴Resistance zone(1.738 CAD-1.728 CAD)🔴 to complete the main wave 5 . British Pound/Canadian Dollar ( GBPCAD ) 4-hour time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
3
GBPCAD!! 1/12 News supports price increase⭐️ Smart investment, Strong finance ⭐️ GBPCAD INFORMATION: Today, waiting for 2 important news about CAD currency. It is expected that the figures will be favorable and support the uptrend. Besides, the old support zone is supportive and the price does not have much motivation to decrease further ⭐️ Personal comments NOVA: From the expected economic and technical results, both want prices to recover. NOVA will set up a BUY signal ⭐️ SET UP GBPCAD PRICE: 🔥BUY GBPCAD zone: 1.71100 - 1.71000 SL 1.70600 TP1: 1.71300 TP2: 1.71600 TP3: 1.72000 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
Long
by Nova-Scalper
3