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Gbpcadsignal

DeGRAM | GBPCAD double top at the resistance levelGBPCAD market is trading in an ascending channel, and it has a perfect AB=CD pattern. Price made a double top at resistance and created an engulfing candle. On the daily chart, the price is actually at resistance, so it will be harder to break through it. We expecet pullback to support level that perfcatly lines up with 38.2% fibo level. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Short
by DeGRAM
6
GBPCAD Bullish Trend continuationThe Canadian dollar fell past the 1.34 per USD level, an over two-month low, as the greenback remains strong amid bets the Fed will need to keep interest rates elevated for longer. At the same time, oil prices fell from recent highs and Canada posted the largest trade deficit since November 2020, highlighting the extent of net outflows of the domestic currency from the economy, and pressuring the Loonie. On the other hand, annual inflation rate in Canada rose more than expected in July and the core rate failed to slow as anticipated, keeping a range of possibilities open for the Bank of Canada, as the bank considers the need for another rate hike in September. So from my side of view Cad will remain weak..... looking at my analysis on GBPCAD we had a breakout of 1.71262 Level and a retest so we might continue buying the dip until 1.73236 which will be my TP.
Long
by Ice_TeaBag
GBPCAD I Buyers struggling to break 7145 I This could happenWelcome back! Let me know your thoughts in the comments! ** GBPCAD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
by BKTradingAcademy
4
GBPCAD ____ INCOMING BULLISH MOVEHello Traders, Just like my EURCAD analysis (inserted below), GBPCAD has also aligned on the monthly, weekly, and daily timeframes. Just like EURCAD also, GBPCAD did not trade into the weekly order block before the daily chart printed a bullish price structure and as I stated in my EURCAD analysis, it is not necessary. GBPCAD printed a bullish CHOCH on the daily chart which retraced and reacted nicely. I have adjusted my daily order block accordingly and I am waiting for the price to retrace into the order block to go long. Although I am speculating on higher price movement, if I am able to enter the trade, I will look to exit at the daily supply order block. Follow for more updates like this. EURCAD ANALYSIS Cheers, Jabaro
Long
by jabariofafrica
DeGRAM | GBPCAD confluence level for sellGBPCAD broke and closed below the psychological level 1.7000.  Price pulled back to psychological level and 50% fibo retracement following bearish move. If the price action creates a pinbar or double top, we can look for selling opportunities. Price action is likely to go further down to complete the AB=CD pattern if the market moves down. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Short
by DeGRAM
3
7 Dimension Analysis For GBPCAD 😇7 Dimension Analysis - Bullish Setup on GBP/CAD Analysis Time Frame: Daily 1: Price Structure: The market is currently exhibiting a bullish price structure, characterized by an initial Behavior of BoS (Breakout of Support). The move is impulsive, and the inducement is completed with liquidity swept internally. This is the 1st pullback in the bullish move, and the extreme order block (OB) remains unmitigated. Strong bullish momentum is evident around the demand area. 2: Patterns: 🟢TREND LINES: A horizontal support line is observed, acting as a key level of support. 🟢CHART PATTERNS: A double top pattern with an impulsive breakout and heavy volume is in place. A rectangle pattern has also broken out, with the previous resistance now becoming support. A V-shaped swing indicates a rapid recovery. 🟢CANDLE PATTERNS: A key reversal pattern has formed, signaling a potential trend reversal. A record session count of 4 candles is observed, indicating strong bullish momentum. A change in guard pattern has appeared. Momentum has failed to sustain a clear direction. 3: Volume: Volume on the breakout was not significant, but after the breakout, big volume appeared as a follow-up. Volume during the correction phase is average. 4: Momentum UNCONVENTIONAL Rsi: 🟢The Unconventional RSI is currently in a sideways zone. 🟢Divergence is evident. 🟢Confirmation is needed for a breakout above the 60 level or resistance. 5: Volatility measure Bollinger bands: 🟢Prices are taking support at the middle band, indicating its significance as a support/resistance level. 🟢A squeeze breakout occurred, going outside the upper band, and prices have already done a "Walking on the band" move, indicating bullish momentum. 🟢A headfake pattern is clearly visible at the low of the previous move. 🟢Dual band derivation suggests that confirmation may take 1 or 2 more days. 6: Strength ADX: The ADX is in a "kiss and cross" position, but the main line is above 20, indicating that bulls are still in strength. 7: Sentiment ROC: The rate of change for GBP against CAD is positive, indicating GBP strength. ✔️ Entry Time Frame: H1 ✅ Entry TF Structure: The current structure is bearish, but as 4 pullbacks are already counted, there is a high chance that the price can change structure. It is advisable to enter once the choch is done, as the low is already confirmed. ☑️ Entry Move: Impulsive ✔ Support Resistance Base: Trend line now acts as support. ➕ FIB: Activated ↕️ Trend Line Breakout: Broken. ☑️ Final Comments: Consider buying. 💡 Decision: Buy. 🚀 Entry: 1.7040 (1st option), 1.6860 (2nd option). ✋ Stop Loss: 1.6795 🎯 Take Profit: 1.7637 😊 Risk to Reward Ratio: 1:11 🕛 Expected Duration: 30 days.
Long
by Optimum369
DeGRAM | GBPCAD selling opportunityGBPCAD broke and closed below the psychological level 1.6900.  By forming a pinbars, the market rejected local resistance and the 50.2% fibo. Notice, price action approached the level by printing small candles, indicating that there's no strength to go higher.  Price action is likely to pullback to the support level and go further down. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Short
by DeGRAM
7