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GBPCAD trade ideas

GBPCAD Continuation SellOn the monthly, price has yet to reach the D extension. We had a shallow retracement on the monthly fib with a stall out at the 1.18 1.27 extension. We had weekly and daily rejection at 1.82XXX. Long term picture, I see the potential for a sell down to 1.580XX. Shorter term (4HR), I see two possibilities, price could begin to retrace from current 4HR level 1.759XX or push down to the second Weekly level at 1.749XX and retrace back up to the 38.2 1.776X where we have 4HR resistance. The retracement up could be tradeable. For this leg of price, I see the potential for a sell to 1.739X with further downside potential to 1.716XX. At 1.7166X I think it will be time to re-evaluate once we see how price reacts at this level.
Short
by kacijackson
1
GBPCAD: A Bullish Outlook Ahead!As we observe the current landscape for the GBPCAD currency pair, the indicators generated by our EASY Trading AI strategy point towards a strong buy signal. The entry point is set at 1.77122, with a take profit target of 1.77812667 and a stop loss positioned at 1.76340667. Several factors are contributing to this optimistic forecast. First, recent economic data indicates a resilient UK economy, which is bolstering the strength of the British pound. Additionally, the Canadian dollar is facing headwinds from fluctuating oil prices, impacting its overall stability. These dynamics create a compelling case for a bullish run on the GBPCAD pair. Moreover, technical analysis supports this trend. The pair has shown bullish momentum, breaking past resistance levels, which reinforces the likelihood of a continued upward trajectory. The markers laid out by our EASY Trading AI further bolster this perspective, ensuring that traders have a solid framework to base their decisions on. For traders looking to capitalize on this opportunity, adhering to the stipulated entry, take profit, and stop-loss levels is crucial. This disciplined approach can help optimize profitability while managing risk effectively. Stay tuned for more updates, and remember—to thrive in these markets, knowledge is your best asset!
Long
by ForexRobotEasy
GBP/CAD ANALYSISWe're currently analyzing the 30M timeframe of GBPCAD, where the market price is forming a range. The key question is: which direction will the price break? 1: If the price breaks upwards, we'll enter a buy trade, targeting 1.77880. 2:If it breaks downwards, we’ll look to execute a sell trade, with targets at 1.76510 and 1.76260. Candle confirmation is essential, and we'll only execute the trade once we have that confirmation in hand. Always use stoploss for your trade. Always use proper money management and proper R:R ratio. #GBPCAD 30M Technical Analyze Expected Move.
by TradeTacticsreal
Lingrid | GBPCAD trend CONTINUATION tradeFX:GBPCAD market is currently ranging near a major resistance level after bouncing off a support level. It has also broken through the psychological level at 1.78000. I believe the market might form an ABCD pullback toward the resistance zone then continue moving lower. Given that the prevailing trend is bearish on the current timeframe, it's possible that prices could fall from the resistance nad make new lows. My goal is to support zone around 1.75760 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Short
by Lingrid
1
GBPCAD: Ready for a Bullish Breakout?At present, the GBPCAD currency pair is suggesting a solid bullish opportunity. As per our analysis guided by the EASY Trading AI strategy, the optimal entry point is set at 1.77122. Our forecast indicates a clear potential for upward movement, as seen in the current market sentiments. The sentiment remains inflated by several economic indicators favoring the British Pound over the Canadian Dollar. Recent data revealed a stronger-than-expected performance in the UK GDP, which boosts trader confidence. Coupled with a stable outlook on key economic policies, the timing aligns favorably for a buy position. For risk management, we’ve established our Stop Loss at 1.76340667. This level allows us to cushion potential volatility while maintaining a calculated risk threshold. On the other side, our Take Profit target is positioned at 1.77812667, presenting a robust risk/reward ratio. Keeping an eye on market moves and adapting as necessary is crucial. Don’t forget, using automated tools like those offered through the EASY Trading AI can further assist in maximizing trading efficiency and optimizing outcomes. Happy trading!
Long
by ForexRobotEasy
GBP/CAD ROUTE MAPThis is my bias for GBP/CAD, where I am expecting the market to sell off from these levels and zones. The market has given a clear MSS, and the SNS has also turned into RNR. Now let's see what happens and which opportunity market will give us. The timeframe we have taken for this analysis is 1 hour. We will take the confirmation and entry on the 30-minute or 15-minute timeframe. Use stoploss for your trade. Always use proper money management and proper R:R ratio. #GBPCAD 1H Technical Analyze Expected Move.
Short
by TradeTacticsreal
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 On The Rise! BUY! My dear friends, Please, find my technical outlook for GBPCAD below: The instrument tests an important psychological level 1.7763 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.7884 Recommended Stop Loss - 1.7690 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
GBPCAD - Now Follow the Bulls!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. As per our last GBPCAD analysis, attached on the chart, it rejected the red circle and traded lower. What's next? 📈 GBPCAD is currently approaching the lower bound of the channel. Moreover, the blue zone is a strong demand. 🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the blue demand and lower orange trendline. 📚 As per my trading style: As #GBPCAD approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
2