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Gbpcadlong

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
GBPCAD - Long from bullish order block ✅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 want price to make a retracement to fill that imbalance lower and then to reject from bullish order block. Fundamental news: This week on Friday will be released monthly GDP on GBP. If the result is negative for GBP, it will support our analysis. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
4
GBPCAD - Long from bullish order block ✅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 want price to make a retracement to fill the imbalance lower and then to reject from bullish order block + institutional big figure 1.67000. Fundamental news: On Friday will be released Unemployment Rate in Canada, as well, on Thursday we will see the result of Interest Rate on GBP, so pay attention to the results in order to validate the analysis. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
GBPCAD Canadian Recession? Not So FastI think the market understands everything better than some media reports. Canada's two-year bond yield has remained unchanged since just before the release of GDP estimates. They have outperformed on the US front end, with strong US data, including a positive surprise in the Employment Cost Index, driving higher two-year returns. This was the largest repeat increase in house prices. It's been a month since May , extending his winning streak to 6 months. U.S. consumer confidence also beat expectations, including his slightly higher inflation expectations for the year. The USD recovered after all the US data on a DXY basis, which was the main reason why the Canadian dollar fell after the combined US and Canadian data.
Long
by Chart_MasterPro
GBPCAD still on trendFurther interest rate hikes are likely to further worsen a struggling economy, but concerns continue to rise that the Bank of England is taking too much risk in taking action and exposing the UK economy to further inflation. There is. On the U.S. side, investors are hoping and pleading that the Fed will move into a rate-cutting cycle sooner rather than later, but with the economy stable and downside risks limited, the Fed will continue to hold interest rates for longer periods of time. It will be maintained at a high standard.
Long
by Chart_MasterPro
GBPCAD - D1\W1GBPCAD D1\W1 - Formation of a 3-wave structure in an upward trend. D1 - There was a breakthrough of the level of the 1st wave at a price of 1.67644, more expected price behavior, consolidation at this level and continued movement upward to the levels of 1.74192. It is also worth noting that the price can form an ABC structure and in this case we can see a continuation of the downward movement along the 4th wave on W1 What to expect now? You can try to consider the entry from these levels to continue the movement. You can also wait for the price to fix at the level of 1.67644. Cancel idea 1.65490 - 1.63560. If the ABC formation does not form. Long Targets 1.68450 - 1.70185 - 1.71710 - 1.74192
Long
by Trade_Hive_Signals