GBPCAD trade ideas
GBP/CAD BULLS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
GBP/CAD pair is in the uptrend because previous week’s candle is green, while the price is clearly falling on the 8H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 1.798 because the pair is oversold due to its proximity to the lower BB band and a bullish correction is likely.
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GBPCAD bearish continuation pattern...wait for the reversalPersonally I think price will re-test Drop-Base-Drop zone as per drawn in chart.
the risk & reward ratio attract my interest to monitor this pair.
Currently the market is doing the retracement.
Any reversal pattern in the lower timeframe will be the signal for bearish entry.
good luck and happy trading.
Bearish pullback followed by longPound Cad is in a consolidation phase which may transition into a sell, if price action goes under 1.8000. If it does, the pair may find support on nearby support structures as potential long opportunities. If the price action stabilises above 1.8000, the bullish move will continue up targeting established highs.
GBP/CAD – Bearish Setup with Big Potential!Hey traders,
GBP/CAD is testing a weak support zone around 1.8000. A bearish breakout could open the door to exciting opportunities! 🚀
🎯 Trade Setup:
🟢 TP1: 1.7916
🟢 TP2: 1.7835
🟢 TP3: 1.7705
🛑 Stop Loss: Above 1.8079
Keep an eye on this level—2025 might just start with a bang! 💥
GBP/CAD "Pound vs Canadian Dollar" Forex Market Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
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Entry 📈 : You can enter a trade at any point.
Stop Loss 🛑: Using the 2H period, the recent / nearest Pullbacks.
Goal 🎯: Bullish Robbers TP 1.83700
Bearish Robbers TP 1.77800
Warning⚠️ : Our heist strategy is incompatible with Fundamental Analysis news 📰 🗞️. We'll wreck our plan by smashing the Stop Loss 🚫🚏. Avoid entering the market right after the news release.
Based on the fundamental analysis 📰 I would conclude that the GBP/CAD (British Pound/Canadian Dollar) pair is: Bullish
Reasons:
Interest rate differential: The Bank of England's (BoE) interest rate (3.5%) is higher than the Bank of Canada's (BoC) interest rate (3.0%), making the GBP more attractive to investors.
Economic growth: The UK's GDP growth (1.1%) is relatively stable, while Canada's growth (1.5%) is more dependent on external factors, such as oil exports.
Brexit uncertainty: The ongoing Brexit process has led to a decline in the GBP, making it undervalued and potentially due for a rebound.
Commodity prices: Canada's economy is heavily reliant on commodity exports, and a decline in commodity prices could negatively impact the CAD.
However, it's essential to consider the following risks:
Global economic slowdown: A slowdown in global economic growth, particularly in the US and China, could negatively impact the GBP.
Oil prices: A rise in oil prices could support the CAD, as Canada is a major oil exporter.
BoC's monetary policy: The BoC's dovish stance and potential interest rate cuts could support the CAD.
Bullish Scenario:
Stronger UK economic data, such as GDP growth and inflation, supports the GBP
Decline in commodity prices, particularly oil, supports the GBP
Bearish Scenario:
Global economic slowdown and rise in oil prices weigh on the GBP
BoC's dovish stance and potential interest rate cuts support the CAD
Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any decisions.
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Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly.
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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
GBPCAD Will Grow! Buy!
Take a look at our analysis for GBPCAD.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 1.811.
The above observations make me that the market will inevitably achieve 1.834 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!
Idea for GBP/CAD Buy Position**Idea for GBP/CAD Buy Position:**
- **Bias:** Bullish.
- **Entry:** Enter at a key price level within a bullish Fair Value Gap, after observing a liquidity sweep below.
- **Stop Loss:** Place below the recent Swing Low to manage risk.
- **Take Profit:** Target 2RR.
- **Confluence:**
- GBP strength supported by positive economic momentum.
Monitor closely for a price reaction at the key level to confirm entry.