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GBPCAD trade ideas

Bearish drop?GBP/CAD is reacting off the resistance level which is a pullback resistance that aligns with the 88% Fibonacci retracement and could potentially drop from this level to our take profit. Entry: 1.77176 Why we like it: There is a pullback resistance level that lines up with the 88% Fibonacci retracement. Stop loss: 1.78211 Why we like it: There is a pullback resistance level. Take profit: 1.76227 Why we like it: There is an overlap support level which lines up with the 61.8% Fibonacci retracement. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
GBPCAD ANALYSISLorem ipsum dolor sit amet. Ex quibusdam assumenda sit cupiditate recusandae quo maxime dolores At magni asperiores quo corrupti corrupti ut quia dolores ut voluptatem iusto. Aut officia atque id possimus voluptate aut veritatis ducimus. In dignissimos incidunt sit internos quos qui nesciunt voluptatibus sit molestiae doloribus ut eius quas et deserunt sunt. Qui amet voluptatibus qui laudantium aperiam qui ipsam quos et sapiente dolores non molestias expedita id galisum rerum qui similique aspernatur.
Long
by Robin_2002
GBPCAD Will Move Lower! Sell! Please, check our technical outlook for GBPCAD. Time Frame: 3h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 1.768. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.760 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
GBPCAD Set To Fall! SELL! My dear friends, Please, find my technical outlook for GBPCAD below: The instrument tests an important psychological level 1.7681 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.7603 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
Short
by AnabelSignals
1
Buy GBPCAD, 1hrThis is a good trade for buys as I think bullish momentum is to come with a strong impulse move -The pair gave us a Head & Shoulder bullish reversal pattern that tells us the buyers are in control of the market now. -As the market respected the H&S it went to a strong resistance at 1.76150 and crossed it and came back to retest the previous resistance and made it a strong support which is proven by Price Action - The bullish Flag continuation pattern makes it a good time for an entry Always risk what you are willing to lose
Long
by AnalysisExpert
Bearish drop?GBP/CAD has reacted off the pivot which acts as a pullback resistance and could fall to the 50% Fibonacci support. Pivot: 1.76355 1st Support: 1.75393 1st Resistance: 1.77179 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
Potential bullish rise?GBP/CAD has reacted off the pivot which acts as a pullback support and could potentially rise to the pullback resistance. Pivot: 1.75032 1st Support: 1.74208 1st Resistance: 1.76059 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.
Long
by ICmarkets
1