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CANADIAN DOLLAR / BRITISH POUND

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CADGBP trade ideas

GBPCAD My Opinion! BUY! My dear followers, This is my opinion on the GBPCAD next move: The asset is approaching an important pivot point 1.7288 Bias - Bullish Safe Stop Loss - 1.7240 Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 1.7359 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
GBPCAD BUYInitiated a buy trade for GBPCAD targeting the 1.73879 level. Upon zooming out, it's evident that the overall trend for GBPCAD remains bullish, supporting the likelihood of this target being reached. My analysis, based on a unique strategy I’ve developed, also points to 1.73879 as a significant area of interest. This trade strategy involves a long-term outlook. Historically, similar trades have achieved their targets within a 7 to 14-day period, although it can sometimes take up to a couple of months. If the price continues to drop, I plan to incrementally buy more, employing minimal leverage to manage risk. I prefer to play the long game, focusing on sustained trends and gradual gains rather than short-term fluctuations. This approach allows for a more stable growth trajectory, even if the market experiences temporary dips. Does your strategy point toward this target?
Long
by GlobalHorns
GBPCAD - Bracketing Channels for BreakoutsAlthough I'm not a traditional channel trader, my eyes light up when I see one. Why? because I know that in the near future the market is going to give me an opportunity to trade & in most circumstances, present a clear clue of what it's likely to do. In this video we're taking a look at the GBPCAD & a recent tight consolidation channel. I'll show you what I need to see in order to have a trading opportunity & where I'm looking for price to go next if that signal occurs. Questions, Comments & Ideas - Please leave them below & I wish you guys a great start to your trading week! - Akil
by Akil_Stokes
2
GBPCAD → Trend Change. The fall may continue to 1.710OANDA:GBPCAD breaks the uptrend, a bearish rally is forming and the price is testing local support. A break of the liquidity area will renew the sell-off against a weaker GBP and a rising CAD. Pound sterling is moving from accumulation to realization and downward distribution on the background of expectations that the UK central bank will start an earlier interest rate cut relative to the US Fed. The Canadian, on the contrary, is growing on the background of monetary policy tightening in the country. The resistance at 1.7336 plays a key role for the currency pair at the moment. A false breakdown (touching the SMA) is possible before the subsequent price drop, a breakdown of 1.7297 will strengthen the sell-off. Resistance levels: 1.7336, 1.7387, 1.7415. Support levels: 1.7297, 1.7228 I expect consolidation in the local range, which may turn into a phase of further decline. Key liquidity zones are 1.7228 - 1.7085. Regards R. Linda!
Short
by RLinda
1
Trade Signal for GBPCADDear Traders, We have identified a promising trading opportunity for the GBPCAD currency pair with clear entry and exit points. Here are the details of the trade setup: - Direction: Buy - Enter Price: 1.7313 - Take Profit: 1.73449667 - Stop Loss: 1.72725667 Our decision to suggest a Buy direction is based on thorough analysis using the EASY Quantum Ai strategy. This strategy incorporates multiple technical indicators and data points to increase the accuracy of our trading signals. Here are the key factors influencing this decision: 1. Uptrend Confirmation: Our technical analysis reveals a strong bullish trend on the GBPCAD pair. The pair has been consistently forming higher highs and higher lows, indicating a sustained upward momentum. 2. Support Level: The suggested Stop Loss at 1.72725667 is strategically placed below a significant support level, which has been tested multiple times in the past and has held firm, minimizing the risk of a downside break. 3. Resistance Test: The Take Profit target at 1.73449667 is positioned just below a major resistance level, providing a reasonable and likely attainable profit margin while avoiding overextending the anticipated bullish move. 4. Momentum Indicators: Key momentum indicators, such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), support a continued upward move, confirming the BUY signal generated by EASY Quantum Ai. We recommend entering this trade with confidence, adhering strictly to the suggested entry, take profit, and stop loss levels to manage risk effectively. Best regards,
Long
by ForexRobotEasy
Bearish drop?GBP/CAD is rising towards the pivot and could reverse from this level to the 1st support. Pivot: 1.73441 1st Support: 1.72280 1st Resistance: 1.74045 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