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CANADIAN DOLLAR / BRITISH POUND

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CADGBP trade ideas

GBPCAD - Bullish Setup at Key Support ZoneThe GBPCAD pair is currently approaching a significant demand zone that has historically acted as a strong support level, leading to bullish reversals. The recent downward momentum brings the pair into this area, where buyers might regain control. A bullish confirmation, such as a strong rejection pattern, bullish engulfing candles, or long lower wicks, would indicate a potential upward move. If buyers step in, the price may head toward the 1.77424 level. This setup suggests a possible short-term rebound in line with the broader market structure.
Long
by TrendDiva
Analysis Idea: GBPCAD Long SetupThe GBPCAD pair is presenting a promising buy opportunity, supported by a weak Canadian Dollar and favorable technicals: 📊 CAD Bearish Drivers: Weak Economic Data: Recent figures highlight a slowdown in Canada’s economic momentum. Dovish BoC Policy: The Bank of Canada maintains a dovish stance, limiting CAD upside. Global Risks: Broader market uncertainties weigh on CAD as a commodity-linked currency. 🎯 Trade Setup: Uptrend: The market remains in an uptrend, providing bullish momentum. Key Support: Strong demand zone around 1.75917 offers an ideal area for entry. Targets: Watch for a move toward higher levels, with potential continuation in the uptrend. ⚠️ Risk Tip: Use a tight stop below the demand zone to protect capital while capitalizing on the bullish setup. #Forex #GBPCAD #TradeIdeas
Long
by Wainainarobert
1
GBPCAD Trade IdeaI'm sharing this trade idea based on recent developments: Oil Price Decline: Falling oil prices typically weaken the Canadian Dollar (CAD), as Canada is a major oil exporter. Trump's Presidency: Donald Trump being elected as the 47th President of the United States could bolster the GBP, especially considering his political stance on global trade and policies. While Trump has made comments about integrating Canada with the U.S., I don't believe this will have an immediate impact on this trade. ⚠️ Risk Warning: This setup carries a high level of systemic risk due to the uncertainties surrounding these geopolitical events. Let’s see how this plays out!
Short
by MasoudEskandari
Overlap resistance ahead?GBP/CAD is rising towards the pivot which acts as an overlap resistance and could drop to the 1st support that is a pullback support. Pivot: 1.7824 1st Support: 1.7659 1st Resistance: 1.7979 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.
Short
by ICmarkets
GBP/CAD - over sold time to buy!Hi guys we are taking a look today in GBP/CAD - It reacehed extremely low and oversold levels on the RSI at 1H and 4H time frames, as we have seen a consistent dropped that happened. Currently I am expecting a correction into the consolidation area to 1.76 Enry: 1.74750 Target: 1.7550 Target 2: 1.76430 As always my friends happy trading! P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my community so you can follow up with me in private!
Long
by DG55Capital
GBPCAD - Potential Buy From Key Support ZoneThe GBPCAD pair is approaching a significant demand zone, highlighted by prior price reactions and a strong historical support area. The market structure suggests the potential for a reversal at this level. The overall context indicates that buyers may take control, pushing the price higher. I anticipate that if the price shows a clear rejection from the demand zone, the market may move upward toward the 1.77372 level. This setup aligns with the idea of trend exhaustion near support. If you have any additional insights or agree with this analysis, feel free to share your thoughts!
Long
by DanieIM
GBPCAD is in the bearish directionHello Traders In This Chart gbpcad HOURLY Forex Forecast By FOREX PLANET today GBPCAD analysis 👆 🟢This Chart includes_ (GBPCAD market update) 🟢What is The Next Opportunity on GBPCAD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Chart
Long
by ForexMasters2000
GBPCAD is ready to push againNo comment needed. All information is in the chart analysis. Steps to follow: Analyze yourself. Take the position with SL and Take Profits. Wait, it may take a couple of days, so take a break and step away from the screen from time to time, just like I do :) Get the result. I will update the trade every day. Like, comment with your good mood or viewpoint, share with your circle. It’s together that we get stronger! Good trades, Traders! The golden bear
Long
by thegoldenbear
GBPCAD SELL NOW !!!!!!!!!!!!!!!!!!!!1.2h 2downtrend 3resistance level 4rising wedge /bearish pannent 5rsi60/sto67/volpower loss and selling getting geround 6 7fibextern blue zone exoec 8fib retrac redzone breakout structure 9 10 11 12bearish divergence / 13bearish engulfin/three dark soldiers 14 Because of usa new tomorrow we wait to sell at the fibex blue zone above or execute below thehl of the bearish pannent (sell) 1.1h 2consolidation 3resistance 4symmentric expanding triangle 5rsi58/sto77/volbull insisting but a bearish signal s good to sell 6 7fibex 8fibretrac 9 10 11 12bearish divergence/ 13doji spinning top/ 14 Entry conditions at blue zone selling possibilities (aaasetup)3% x 3 at the 3 interval zone remove 1 tp at support zone and wait te retracement and add sell limit orders Tp 1 at the blue zone down wait retrace and sell more Enter 0.001 at each level / wait the retracement for sell limit order Friday 31 jenaury 1 entry point as valided Expecting retracement for the second entry
Short
by Forexnation237
GBPCAD SELL1day 2downtrend 3resistance level 4double top /triple top/ 5rsi60/sto96/vol expection ceaeish sign at the zone 6 7fibex blue down move 8fibretra red down move 9 10 11 12 13bearish divergence 14bearish harami/tweer top/pierching bearish 15 1.4h 2downtrend 3resistance level 4double top 5rsi78/sto91/volbearish 6 7fiibex done at the perfect zone to sell 8fibretrac blue zone perfect zone to sell 9 10 11 12bearish divergence 13bearish expanding triangle 14 bearish flag pattern 1.2h 2downtrend 3resistance level 4rising wedge /bearish pannent 5rsi60/sto67/volpower loss and selling getting geround 6 7fibextern blue zone exoec 8fib retrac redzone breakout structure 9 10 11 12bearish divergence / 13bearish engulfin/three dark soldiers 14 Because of usa new tomorrow we wait to sell at the fibex blue zone above or execute below thehl of the bearish pannent (sell) 1.1h 2consolidation 3resistance 4symmentric expanding triangle 5rsi58/sto77/volbull insisting but a bearish signal s good to sell 6 7fibex 8fibretrac 9 10 11 12bearish divergence/ 13doji spinning top/
Short
by Forexnation237