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British Pound / Canadian Dollar

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GBPCAD trade ideas

GBPCAD SellThere's a growing sense of caution around GBPCAD. While recent technical indicators have suggested a strong buy, a closer look reveals potential exhaustion from buyers, particularly at key levels across multiple timeframes. Key Levels and Exhaustion: Weekly, Daily, 4-Hour Charts: GBP/CAD is currently testing resistance on its weekly, daily, and even 4-hour charts. This confluence of resistance points suggests the pair might be struggling to push higher. Buyer Exhaustion: The recent rally might be losing momentum. We could be seeing signs of buyer exhaustion, where the bulls are running out of steam after a significant upward push. I have entered a sell position and look to hold it overnight into tomorrow, to see how CAD and USD news affect the seniment. Entry: 1.75929 Stop: 1.76275 Profit: 1.74503 1:4 RR - Risking 1% in the hope of hitting 4% returns.
Short
by xrpbilbs
1
Short Term - GBPCAD sellJust initiated a sell trade on GBP/CAD, eyeing a drop to 1.75015. We’ve seen the pair climb steadily, but it’s bumping up against a key resistance levels. I’ll be monitoring the market closely and might adjust my position (add position as well) if there are any significant fluctuations. With minimal leverage, I’m managing risk while aiming to capitalize on this anticipated pullback. This trade is all about catching the expected dip and making a quick gain from the immediate price action. Let’s see how it pans out as we aim for that 1.75015 level! Should hit sooner than later.
Short
by GlobalHorns
GBPCAD: LTF CURVE ANALYSIS (2H)✨ GBPCAD: LTF CURVE ANALYSIS (2H) ✨ (UPTREND) SLO2 @ 1.76054 ⏳ (SET PA) SLO1 @ 1.7555 ⏳ (SET PA) TP3 @ 1.75386 TP2 @ 1.74778 TP1a @ 1.7415 TP1 @ 1.73816 BLO1 @ 1.73235 ⏳(triggered w/+SL) BLO2 @ 1.7308 ⏳ 🔑 BLO = BUY LIMIT ORDER LTF = LOW TIME FRAME PA = PRICE ALERT SL = STOP LOSS SLO = SELL LIMIT ORDER TP = TAKE PROFIT NOTE: This pair is currently in an overall uptrend. However, the ITF (intermediate timeframe) show us in a downtrend PB (pullback), which could push price back to my BLO again. Position size appropriately if you plan to take advantage of the opportunity. Short-term time frames (1-minute to 3 hour): — Highly volatile, price movements can be fast and unpredictable. — Suitable for day trading and scalping, but require constant monitoring and quick decision-making. — Not ideal for beginners due to the risk and stress involved.
Long
by oktane
GBPCAD Trading Signal: Buy OpportunityTraders, we have an attractive opportunity for the GBPCAD currency pair. Based on our analysis using the EASY Quantum Ai strategy, here are the details: Direction: Buy Enter Price: 1.74774 Take Profit: 1.75196333 Stop Loss: 1.73961333 Justification: 1. Technical Analysis: The EASY Quantum Ai strategy has identified a bullish trend for GBPCAD. The current price action and support/resistance levels align with this upward movement. 2. Market Sentiment: Recent market sentiment reflects a stronger British Pound against the Canadian Dollar. This is backed by positive economic data from the UK and comparatively weaker performance in Canadian economic indicators. 3. Momentum Indicators: Indicators such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) suggest that the bullish momentum is gaining strength, making this a timely entry point. Risk Management: Entering at 1.74774, we have set the Stop Loss at 1.73961333 to protect against potential downside risks. The Take Profit is positioned at 1.75196333 to capture profits effectively. Trade carefully and manage your risk appropriately. Happy Trading! Your reliable trading partner,
Long
by ForexRobotEasy
GBPCAD Under Pressure! SELL! My dear subscribers, My technical analysis for GBPCAD is below: The price is coiling around a solid key level - 1.7486 Bias - Bearish Technical Indicators: Pivot Points High anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 1.7406 My Stop Loss - 1.7536 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
GBPCAD Will Move Lower! Sell! Here is our detailed technical review for GBPCAD. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 1.747. Taking into consideration the structure & trend analysis, I believe that the market will reach 1.740 level soon. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
Lingrid | GBPCAD opportunity to SHORT the MARKETThe price perfectly fulfills my last idea. The market is currently trading near the key resistance level of 1.7500. The price has made lower lows and lower closes, breaking through the previous higher low area. I believe the market will likely move sideways from here. Therefore, I'm looking for the price to test this zone and potentially fall from it if the market makes a fake breakout or a double top with divergence. On the 4H timeframe, the market has formed a couple of long-tailed bars, indicating selling pressure. My target is to support at 1.73675 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
9