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GBP/CAD Mini

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GBPCAD.1.MINI trade ideas

GBPCAD SHORTMY ANALYSIS ON GBPCAD My Analysis on this pair:: Based on the current technical setup, this pair exhibits bullish structure; however, the price is testing a critical resistance zone coinciding with the 61.8% Fibonacci retracement level. While the broader trend appears upward, the confluence of resistance at this key Fibonacci level introduces significant downside risk, leading me to adopt a cautious bearish bias. Given the conflicting signals between bullish momentum and strong resistance, I recommend exercising caution with position sizing if considering a contrarian bearish trade. Trading against the trend carries elevated risk, and adhering to strict risk management (e.g., tight stop-loss parameters) would be prudent in this scenario. To refine this assessment, I would appreciate your perspective: Do you interpret this price action as a bullish continuation signal, or do you share concerns about potential rejection at the Fibonacci resistance? Your insights on this pair’s direction would be valuable.
Short
by sirkamal
GBPCAD is ready For a BuyHello Traders In This Chart nzdcad 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 A Fall Expected! SELL! My dear friends, GBPCAD looks like it will make a good move, and here are the details: The market is trading on 1.7924 pivot level. Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 1.7785 Recommended Stop Loss - 1.8018 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
2
GBPCAD (288m): DT TECHNICAL ANALYSISTREND OVERVIEW The current structure indicates a downtrend after reaching a recent pivot high. Price is reacting to key resistance zones, with multiple sell orders placed at strategic levels. The GBPCAD 288m chart highlights a well-defined trade structure with clear resistance and support zones. A short position remains favorable unless price breaks and holds above 1.8001. Watch for reactions at mid-pivot and TP zones to gauge momentum. Stay patient and trade with discipline. KEY LEVELS & TRADE SETUP Sell Zones: Primary Sell Order: 1.7920 Secondary Sell Order: 1.7974 Pivot High Stop Loss: 1.8001 Take Profit Levels (Short Positions): TP 1: 1.78165 TP 2 (Mid Pivot): 1.77297 TP 3: 1.76657 TP 4: 1.75668 Buy Zones (Potential Reversal Areas): Primary Buy Order: 1.75430 Secondary Buy Order: 1.74853 Pivot Low Stop Loss: 1.74582 ANALYSIS & OUTLOOK Price action suggests a potential shorting opportunity near the pivot high. If price rejects resistance levels, expect downside continuation towards mid-pivot and lower TP targets. Buyers may step in near 1.75430, but further confirmation is required before a reversal is confirmed. Stop-loss placement at 1.80011 ensures protection against trend invalidation. TRADING STRATEGY Bearish Bias: Look for short entries at sell order levels with TP at 1.76657 and below. Bullish Recovery Zone: Potential long setup near 1.75430 if bullish momentum develops. Risk Management: Maintain discipline by adhering to stop-loss placements to mitigate risk.
Short
by ProfessorCEWard
GBPCADOn February 6, 2025, the Canadian dollar rejected a supply roof on 4hrs after January employment reports from both Canada tested positive the Canadian dollar The actual Canadian jobs data, released on February 7, showed that the Canadian economy added 76,000 jobs in January, significantly exceeding market expectations of 25,000. Canada's unemployment rate also edged down to 6.6%, which was better than the forecast of 6.8% The Canadian dollar gained 0.2% following the release of the jobs data and GBPCAD took a 4hr rejection at 1.78715 to close the day in gain.. This positive jobs report shrunk the currency swap market bets for a rate cut of 25 basis points in March to 58% from 72% earlier. Tiff Macklem the Governor of the Bank of Canada will need to learn from the bank of japan (boj)governor Kazuo Ueda on how he managed to change trade directional bias with strong economic policies.
by Shavyfxhub