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CANADIAN DOLLAR / BRITISH POUND

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CADGBP trade ideas

GBPCAD bearish CHoCHGBPCAD is poised to reverse imminently. On 1HR timeframe, strong change of character (CHoCH) to bearish trend. Pullback into the range to grab liquidity before continuing down to make a lower low. Criteria met on 15min timeframe for entry. Target next order block on the 1HR timeframe, no resistance on the way down... I can write about a bunch of smart money concepts: accumulation, inducement, traps, liquidity and order blocks. Honestly, it would just take too long. Let me just say patience is a virtue, lots of educements and a trap or two. I believe they have been mitigated and it is setting up nicely for a Tuesday reversal and continuation to the downside during London session. Lets see how she plays out. This is only my idea and not meant as financial advice.
Short
by Wynloots14
GBPCAD Possible Long Position BBM OA ReEntry Zone Zero Loss4H - Re-Entry 1H - 50 EMA Rejection + Bollinger Band Rejection 15m - Entry in MAHILO Note: * Cancel trade or cut-loss when candle close Below MAHI (2 Red Color Lines) in 4H * 1:3 RRR * TAYOR A combination of multiple moving averages and Bollinger Bands is the BBMA OMA Ally strategy. It provides an extensive and reliable examination of market trends and patterns by utilizing the strength of both indicators. It is a multi-time frame analysis
Long
by GreggiBond
Is the GBP/CAD Party Over?Rationale for a Short GBP/CAD Position A short GBP/CAD position might be considered under the following conditions: Diverging Monetary Policies: If the Bank of England adopts a more dovish stance compared to the Bank of Canada, it could weaken the GBP relative to the CAD. Weakening UK Economic Outlook: A slowdown in the UK economy, or a deterioration in economic indicators such as GDP growth or employment, could pressure the GBP. Rising Oil Prices: A sustained increase in oil prices would typically benefit the CAD, potentially weakening the GBP/CAD pair. Technical Indicators: Overbought conditions, bearish chart patterns, or negative divergences on technical indicators might suggest a potential downside in the pair. Cautions and Considerations While a short GBP/CAD position may appear attractive under certain conditions, it's essential to consider the following: Market Sentiment: Shorting against prevailing market sentiment can be risky. A sudden shift in market sentiment could lead to significant losses. Geopolitical Risks: Unforeseen geopolitical events can dramatically impact currency pairs. It's crucial to monitor global developments closely. Risk Management: Implementing stop-loss and take-profit orders is essential to protect capital and secure profits. Diversification: Consider diversifying your portfolio to mitigate risks associated with a single currency pair.
Short
by FtradeFXArabic
GBPCADBullish Trend: GBP/CAD is showing a bullish trend on the 4-hour timeframe, indicating a potential new upward movement through wave 5 of a higher degree impulse wave. Entry Strategy: Consider entering a buy position after a breakout above a key level or when the price completes a 50% to 61% retracement. Wave 4 and Trendline: Wait for wave 4 to complete and touch the ascending trendline. Confirmation: Enter a buy position after observing bullish rejection at the trendline.
Long
by forex_info
2
GBPCAD Technical Analysis! SELL! My dear subscribers, My technical analysis for GBPCAD is below: The price is coiling around a solid key level - 1.7720 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 1.7613 My Stop Loss - 1.7797 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