GBPCAD LongReason:
market structure= bullish
fair value gap
break of structure
Very early but i think GBPCAD can be a great trade to the long side this week COT been buying the GBP and selling the CAD is a very strong signal for that bias
Gbpcadlong
GBPCAD Analysis on 3H ChartGBPCAD: Ascending Channel Offers Bullish Continuation
The GBPCAD pair has been trading within an ascending channel on the 3-hour chart, presenting a classic bullish continuation pattern. The channel is defined by two parallel trendlines, with the upper trendline having touchpoints at 1.7217 , 1.7291 , and 1.7335 , and the lower trendline with touchpoints at 1.7116 , 1.7190 , and 1.7217 .
Key Observations:
Bullish Structure: The ascending channel indicates a steady uptrend with the price making higher highs and higher lows.
Trading Within the Channel: The strategy involves buying near the lower trendline and considering selling near the upper trendline or holding for a breakout.
Volume: Confirm trades with volume, as rising volume on upward moves within the channel reinforces the bullish sentiment.
Trade Strategy:
Entry Point: A pullback to the lower trendline offers a potential entry point, with the recent touchpoint at 1.7217 serving as a key support level.
Stop Loss: A stop loss can be placed just below the lower trendline to protect against a potential breakdown.
Take Profit: Profit targets can be set near the upper trendline, with the recent high at 1.7335 acting as a resistance level.
Risk Management:
Breakout Potential: Be prepared for a breakout above the upper trendline, which could signal a stronger bullish move.
Market News: Stay informed about economic events that could impact the GBP and CAD, as these could lead to increased volatility or breakouts from the pattern.
Trade ideas are speculative and should be used in conjunction with a comprehensive trading strategy and risk management.
This trade idea is based on the ascending channel pattern, which is typically a bullish signal in technical analysis. It’s important to monitor the pair closely for potential breakouts or breakdowns that could signal a change in trend. Happy trading!
GBPCAD Analysis on Weekly Time Frame GBPCAD: Bullish Breakout from Rising Wedge’s Upper Boundary
The GBPCAD pair has made a decisive move by breaking out from the upper trend line of a rising wedge pattern on the weekly chart. This breakout is contrary to the typical bearish exit from a rising wedge and could signal a strong bullish continuation.
Key Observations:
Pattern Recognition: The rising wedge pattern is identified by converging, upward-sloping trendlines.
Bullish Breakout: The breakout above the upper trendline suggests buyers are in control, overpowering the usual bearish sentiment associated with this pattern.
Volume Confirmation: Look for an increase in volume to confirm the bullish breakout’s strength.
Trade Strategy:
Entry Point: Consider a long position following the breakout with confirmation from volume.
Stop Loss: Place a stop loss just below the breakout point to protect against a potential false breakout.
Take Profit: The profit target can be estimated by the height of the wedge at its start, projected upwards from the breakout point.
Risk Management:
Confirmation: Monitor for a potential retest of the upper trendline, which could now act as support.
Market Sentiment: Stay informed about macroeconomic factors that could influence the GBP and CAD currencies.
Trade ideas are speculative and should be used in conjunction with a comprehensive trading strategy and risk management.
This trade idea is based on an atypical breakout from a rising wedge pattern, which usually indicates bearish reversal. However, a breakout above the upper trendline can sometimes occur, especially in strong bullish markets, and may lead to significant upward moves. It’s important to validate the breakout with volume and other indicators for a robust trade setup. Happy trading!
GBPCAD - Upside move ✅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 a long. I expect bullish price action from here as price rejected from support zone + FIBO 0.618 level.
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GBPCAD - Look for a long ✅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 a long. I wait price to make a retracement to fill the imbalance lower and then to reject from support zone.
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GBPCAD - Long trade opportunity ✅ Hello traders!
‼️ This is my perspective on GBPCAD.
Technical analysis: Here we are in a bullish market structure from 1H timeframe perspective, so I am looking for a long. I wait price to continue the retracement to fill more from imbalance and then to reject from bullish order block + institutional big figure 1.70000.
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GBPCAD Day Analysis | BUY SetupHello Traders, here is the full analysis.
I think we can soon UP from this range! GOOD LUCK! Great BUY opportunity GBPCAD
I still did my best and this is the most likely count for me at the moment.
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GBP/CAD Made A Reversal Pattern , Time To Buy And Get 200 Pips !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Buy GBPCAD Channel BreakoutThe GBP/CAD pair on the M30 timeframe presents a potential buying opportunity due to a recent upward breakout from a bullish channel pattern. This pattern suggests ongoing buying pressure and a higher likelihood of further advances in the coming minutes or hours.
Key Points:
Bullish Channel: The price has been trading within an upward-sloping channel defined by two converging lines: a rising support line and a rising resistance line. This ongoing uptrend signals continued buying pressure.
Buy Entry: Consider entering a long position around the current price of 1.6995, which sits close to the channel breakout level. This could offer an entry point near a potential continuation of the upward move.
Target Levels: Initial bullish targets lie at the resistance levels of 1.7071 and 1.7106, marking previous resistance zones within the channel.
Stop-Loss: To manage risk, place a stop-loss order below the support line of the broken channel, around 1.6960. This helps limit potential losses if the price reverses and breaks back down.
GBPCAD Short Term Buy IdeaH4 - Bullish trend pattern followed by a pullback in the form of double wave down.
Bullish divergence.
Until the two strong support zones hold my short term view remains bullish here.
GBPCAD Analysis(➡️RR=2.00)🏃♂️ GBPCAD is moving near 🟡 Potential Reversal Zone(PRZ) 🟡and 200_SMA(Daily) .
🌊Regarding Elliott Wave theory , GBPCAD is completing the Expanding Flat(ABC/3-3-5) corrective structure.
💡Also, we can see Regular Divergence(RD+) between two Consecutive Valleys .
🔔I expect GBPCAD to rise to at least the 🔴 Resistance zone(1.715 CAD-1.700 CAD) 🔴 after breaking the Resistance line .
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.
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gbpcad buy ideaFX:GBPCAD
The daily, 4h and 1h timeframes are bullish and in sync with each other, hence it makes sense to look for buys. Price has come to retest at 1.71010 Daily support. I will be looking to buy at that area should it hold as support during the London session.
GBPCAD LOOKING FOR BUYS - #BIGTHURSDAYGBPCAD looking for buys , respecting the bullish trend
NOTE:
1.Risk Management is crucial
2.Money management is your guide
3.Trade responsibly
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.
GBPCAD - Long after filling the imbalance ✅Hello traders!
‼️ This is my perspective on GBPCAD.
Technical analysis: Here we are in a bullish market structure from 1H timeframe perspective, but for now I expect we can see a retracement price to fulfill the imbalance and then to reject from bullish order block + institutional big figure 1.71000.
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GBPCAD - Looking To Buy Pullbacks In The Short TermH4 - Strong bullish momentum.
Bullish trend pattern.
Until the strong support zone holds I expect the price to move higher further after pullbacks.
GBPCAD | Long IdeaGBPCAD big support zone, I expect a move up from this zone.
With this move I am looking for GBPCAD to break trough the 1.7000 level as shown on the chart.
Let me know what you think!
GBPCAD - Long opportunity ✅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 longs. I want price to continue the retracement to fill that huge imbalance and then to react from bullish order block for a long position.
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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.
GBPCAD - Equal highs liquidity ✅Hello traders!
‼️ This is my perspective on GBPCAD.
Technical analysis: Here we are in a bearish market structure from 4H. timeframe perspective, so I am looking for short. I wait price to go a little bit higher to take liquidity above equal highs and to fill the imbalance, then to reject from bearish order block.
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GBPCAD LONG - WAIT FOR BREAK OF STRUCTURE!Waiting for a break and retest of 1.69222 to long GBPCAD back to 4H swing highs with 1st target at 1.70119, 2nd target at 1.71425 and 3rd target at 1.72534
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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.
GBPCAD - Look for short position ✅Hello traders!
‼️ This is my perspective on GBPCAD.
Technical analysis: Here we are in a bearish market structure from 4H. timeframe perspective, so I am looking for short. I expect price to go a little bit higher to fill the imbalance and then to react from premium zone for a short position.
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