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CANADIAN DOLLAR / BRITISH POUND

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CADGBP trade ideas

Bullish Outlook for GBPCAD: Targeting New HighsI'm expecting a bullish move for the GBPCAD currency pair, and here's why. The strategy we're using, EASY Trading AI, identifies key market trends effectively, and our analysis points to a favorable upward trajectory from the current enter price of 1.80354. The decision to initiate a buy trade is strongly supported by several technical indicators that suggest an upward momentum. Specifically, the price is approaching a key resistance level, which historically leads to renewed buying interest. Additionally, with a Take Profit target set at 1.80668667, there’s a solid opportunity to capture some profits as the market rallies. We've placed a Stop Loss at 1.79961667 to manage our risk, allowing for some fluctuation while safeguarding our capital. This strategic positioning balances the potential for gains with adequate risk management, a crucial aspect of successful trading. It's essential to keep an eye on market sentiment and economic news that could influence the GBP and CAD, as external factors often play a significant role in currency movements. However, based on current technical insights and the robustness of the EASY Trading AI framework, the outlook appears promising. Happy trading!
Long
by ForexRobotEasy
GBP/CAD - Intraday Breakout Setup 📈 GBP/CAD - Intraday Breakout Setup 🚀 The price is exhibiting bullish momentum, with a clear reversal signal forming near a key support level. This aligns with a positive intraday outlook, supported by recent candlestick patterns. 🔍 Key Factors Supporting the Bullish Intraday Move: 1️⃣ Candlestick Pattern: Formation of a strong bullish candlestick near the support zone, indicating potential buying pressure. 2️⃣ Support Zone: Price is holding above 1.8000. Key horizontal support at 1.7980 reinforces this level. 3️⃣ Moving Average: The price is moving closer to the 50-day MA, suggesting potential upward movement. 🚀 Upside Targets: 🎯 First Target: 1.81089 (recent resistance level). 🎯 Second Target: 1.8150 (intraday high potential). 🚨 Risk Management: Stop Loss: Below 1.7980 to limit downside risk. 💡 Pro Tip: Watch for volume confirmation during the breakout for stronger entry confidence. 🔔 Stay tuned for more actionable market setups!
Long
by Professional2056
1
GBP/CAD Daily Analysis.This chart shows the GBP/CAD pair on the daily timeframe, highlighting a strong bullish market structure characterized by Higher Highs (HH) and Higher Lows (HL). Key observations: Price is respecting the uptrend pattern with consistent HHs and HLs. A key support zone is marked, acting as a potential demand area for price reactions. The projection anticipates a possible retracement to the support zone, forming another HL before continuing the bullish trend. Potential Plan: Monitor the price action around the support zone for bullish signals and confirmations to join the upward trend.
Long
by harshkjogadia
Wajani Investment...Long-term investment in this currencyGBPCAD 12/24/2024 This trade is for those looking to invest in a currency. This is a long-term trade (investment). This pair entered consolidation or has been in accumulation since 2016 (PS) . It created a Spring (SP) sometime in 2022 and finally the l ast point of support (LPS) in 2024 . It has taken approximately nine years of accumulation to reach LPS. For those who are familiar with Wyckoff trading method , this is more understandable. This shit is gonna explode like BTC lol If you are interested in learning more, please reach out. Remember, this is for educational purposes ONLY. Let me know your thoughts. For educational purposes only.
Long
by racyrace
GBPCAD A Fall Expected! SELL! My dear subscribers, My technical analysis for GBPCAD is below: The price is coiling around a solid key level - 1.8206 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 1.8179 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
GBP/CAD - H4 - Strong BreakoutThe GBP/CAD pair on the H4 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.7761 2nd Support – 1.7570 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
13
Could the price bounce from here?GBP/CAD is falling towards the pivot which is a pullback support and could bounce to the 1st resistance. Pivot: 1.8103 1st Support: 1.7949 1st Resistance: 1.8325 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
GBPCAD POSSIBLE SELL Based on DAILY and 4HR TF, the market seems to be forming a possible reversal pattern. We could see SELLERS coming in strong should the current level hold. Disclaimer: Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account. High-Risk Warning Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.
Short
by WiLLProsperForex