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GBPCAD trade ideas

GBPCAD continuation of a developing down trendPrice action on this pair is very similar to what I see in AUDNZD, I have already posted about that (see link attached). Here too I am expecting a small retracement, either to the nearest resistance (1.7330) or the 50-61.80% retracement area. I will be monitoring PA if this happens on a lower t/f to find some bearish evidence. Target can be above the next support as shown on my chart. This is not a trade recommendation, it is just my analysis. You should be aware that trading carries a high level of risk, so only trade with money you can afford to lose. Anything can happen in the markets at any time. Please use sound money and risk management if/when you trade. If you like my idea, please give a “boost” and follow me to get even more. Please comment and share your thoughts too!!
Short
by Trading_Vista
GBPCAD About to test the 1D MA50. Sell opportunity.The GBPCAD pair is on the latest Bearish Leg of the underlying Channel Up (blue) pattern and is about to test the 1D MA50 (blue trend-line) for the first time since May 14. Once the 1D MA50 breaks, we expect a continuation of the Bearish Leg all the way to the bottom (Higher Lows trend-line) of the Channel Up. Since 2023, -2.66% to -3.08% pull-backs have been common on this pair. As a result, we are looking towards the minimum -2.66% decline, which gives us a Target of 1.71500 and will make a technical Higher Low on the Channel. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
Heading into 50% Fibonacci resistance?GBP/CAD is rising towards a resistance level which is a pullback resistance which aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.75140 Why we like it: There is a pullback resistance level which lines up with the 50% Fibonacci retracement. Stop loss: 1.75979 Why we like it: There is a pullback resistance level. Take profit: 1.73398 Why we like it: There is a pullback support level. 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
Trading Signal: GBPCAD Movement AnalysisWe are issuing a Buy signal for the GBPCAD currency pair. Our entry price is set at 1.74323. The Take Profit is positioned at 1.74561667, while the Stop Loss has been marked at 1.74048667. Justification: This forecast is based on our advanced analysis using the EASY Quantum Ai strategy. We have identified several key factors influencing this movement. Firstly, the recent economic indicators in the UK have shown stronger growth compared to Canada, suggesting a potential appreciation of GBP against CAD. Secondly, our technical analysis indicates bullish momentum with moving averages pointing upwards and strong support at the Stop Loss level of 1.74048667. Furthermore, geopolitical stability in the UK versus ongoing uncertainties in Canada over trade policies and oil price volatility supports our Buy decision. The EASY Quantum Ai strategy has a strong track record for accurately predicting such movements, giving us high confidence in this trade setup. Always remember to manage your risk and adjust your trading size according to your risk tolerance and portfolio strategy. Happy trading!
Long
by ForexRobotEasy
GBPCAD (20/21-06-2024)Good evening Traders. I hope everyone is having a lovely week! Well let's get to it shall we...AUDCAD has played as anticipated and now we are waiting for GBPCAD to also give us a better entry as we are anticipating a bullish run to a least previous HH. Our bias is very simply, the market is Bullish on HTF and current structure is also bullish so after taking out previous HH and forming a new HH we do expect the market to respect order flow by simply pulling back to discount levels to form a HL then continue with the overall trend. As highlighted on the chart, i am looking for a little bit push mitigating our POI and also our Fib levels before we try to reach for previous swing Highs "Don't forget to remain consistent with your rules and trading plan" Thank You
Long
by Ocean98
2
GBPCAD SELL, 4hrGBPCAD was very bulling the past weeks but maybe the momentum has ended. As we see on the chart from a technical setup. The are may things that influence the charts to move a certain direction. But GBPCAD has reached a very strong weekly high at 1.76000 and lost buying momentum and changed direction. Since the pair was in an uptrend we should have a reversal pattern and have a Head & Shoulder which tells us that sellers are about to be in control. But a break below 1.74060 should confirm sell opportunities.
Short
by AnalysisExpert
2
GBPCAD TREND LINE BREAKOUT IDEAPair: GBPCAD Timeframe: 4H Analysis: Trend line, volume profile , support and resistance, trend break, reversal ————— Key Takeaway: Been trending bullish for a good while and now seeing signs of a reversal. Price has broken our bullish trend line and is consolidation between two key levels of support and resistance. If we seen a lot of bearish movement and close below support then we will enter ————— Level needed: need a close bellow 1.74000 ————— Trade: SHORT RISK:REWARD 1:8 SL: 1.74200 TP: 1.73400 onward ————— DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
Short
by TheGoldRoom
Buy GBP/CAD Double BottomThe GBP/CAD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Double Bottom Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours. Possible Long Trade: Entry: Consider Entering A Long Position Above The Broken Trendline Of The Double Bottom After Confirmation. Ideally, This Would Be Around 1.7433. Target Levels: 1st Resistance – 1.7520 2nd Resistance – 1.7573 Stop-Loss: To manage risk, place a stop-loss order below 1.7395. This helps limit potential losses if the price falls back unexpectedly. Thank you.
Long
by KABHI_FOREX_TRADING
9