GBPCAD SHORTS- Yearly resistance and liquidity area - Weekly candle did not have a pullback when reaching resistance - 5th touch of daily trendline - Psych level 1.80750 - Daily double top - 4hr quadruple topShortby jplunalUpdated 113
GBPCAD: Bearish Outlook After News 🇬🇧🇨🇦 GBPCAD may continue falling after a release of US unemployment data. With a high probability, the price will reach 1.771 level. As a confirmation, I see a strong bearish reaction to a recently broken horizontal resistance that turned into support now. ❤️Please, support my work with like, thank you!❤️ Shortby VasilyTrader227
GBPCAD - Bullish Continuation SignalGBPCAD has been trading within a bullish channel on the weekly timeframe, recently awaiting key interest rate news to confirm its direction. The Canadian dollar saw a 25 bps rate cut yesterday, which has weakened it further, adding to the existing bullish momentum in GBPCAD. Technically, a Cup & Handle pattern has formed near a key resistance level, indicating potential for continued upward movement. A break above 1.78849 would confirm a bullish continuation, providing a favorable buying opportunity. It is advisable to place a stop loss at the previous higher low to manage risk effectively.Longby AnalytixEdgeByQasimUpdated 3
GBPCAD Shows Bullish Momentum, Targeting 1.7850GBPCAD is currently trading at 1.7790 and seems likely to continue its upward movement towards 1.7850. The pair has established support around the 1.7700 level. However, strength is already evident from 1.7730, suggesting that buyers are stepping in before it reaches the key support zone. This early buying pressure could push the price higher without revisiting the support level.Longby FXTradingAnalysisUpdated 1
GBP CAD.. BEARISH STRUCTURE Monitor those supply zones and look for sell entries . news upcoming. be carefulShortby icharlesdj2
orange 10.04 2024 Day tradingIn the Black Swan harmonic pattern, the expected price reversal at point D typically ranges between 50% to 100% of the XA movement. This will be one of today's daily trade Credit up to 20 hoursby spacecraft3
GBP-CAD Risky Long! Buy! Hello,Traders! GBP-CAD is falling down But the pair will soon hit A strong rising support Line from where we will Be expecting a local Bullish move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too! Longby TopTradingSignals111
GBPCAD still bullish to expet GBPCAD in last periods strong bullish, still we have strong indications for bullish continuation. TP1: 1.80000 TP2: 1.82000Longby DepaTradingUpdated 4
GBPCADEVERYTHING ON CHART please check my pre idea so you can understand better signals and analsys are free... and always will beby Wisam_Adil1
Sell gbpcad As our first analysis already in 200 pips profit Now lil.. demand level Just let the break this zone then we will enter againg Shortby forexagent116
Dovish BOE Smashing GBP's This AM (GBPCAD Plans)Weakness feeding through various GBP Forex pairs is bringing about some key levels. Any longs, make them light. Further levels lower for key hedges if need be due to extremity of upmove.by WillSebastian445
Falling towards 61.8% Fibonacci support?GBP/CAD is falling towards the support level which is a pullback support that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.7694 Why we like it: There is a pullback support that aligns with the 61.8% Fibonacci retracement. Stop loss: 1.7578 why we like it: There is a pullback support level that lines up with the 78.8% Fibonacci retracement. Take profit: 1.7868 Why we like it: There is an overlap support level. Enjoying your TradingView experience? Review us! 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.Longby VantageMarkets5
A possible good sell on GBPCADTrend lines have a magical power to them. And this is a very very interesting chart, in my opinion, especially, for sell entries. Once again, yes, there is a massive up trend. I know. Any one can see that. But what about reversals, trend changes, pivot moves, etc. I believe trend lines and horizontal levels must be the guiding light for us on the tumultuous surface of the ocean of Forex trading. Yes, yes, yes, the price can go upwards from here on. Of course, yes, because it is GBP after all which is the queen of base currencies, I would say, but those trend lines have the magical powers to them. Remember that! Coming to the setup itself :-) if the price breaks below a trend line, espeically, on the lower time frame, a possible break out is probable, on the upside or to the lower side, whichever the case may be. On this chart, if the price breaks below a trend line, wait for it to go back up to it to retest it, and enter there. At the same time, the price can also bounce off the trend lines just like horizontal levels. Watch out for that as well. Risk is always there. Risk will always be there. Life is risky, as they say. You are not getting out alive, any way! Shortby RiffatNadeem2
GBPCAD is rising.GBPUSD is rising from support and E-POI. Support is between 1.79018 and 1.78803 E-POI is between 1.79119 and 1.78884 Entry point :- 1.79307 Take profit :- 1.80226 Stop loss :- 1.78400Longby PraveenTrader1Updated 3
GBP_CAD LONG FROM SUPPORT| ✅GBP_CAD has retested a key support level of 1.7850 And as the pair is already making a bullish rebound A move up to retest the supply level above is likely at 1.7950 LONG🚀 ✅Like and subscribe to never miss a new idea!✅ Longby ProSignalsFx113
GBPCAD: Bullish Continuation & Long Trade GBPCAD - Classic bullish formation - Our team expects pullback SUGGESTED TRADE: Swing Trade Long GBPCAD Entry - 1.7873 Sl - 1.7806 Tp - 1.8000 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️ Longby UnitedSignals111
Analysis of GBP/CAD: Price Falls Below 1.800 LevelAnalysis of GBP/CAD: Price Falls Below 1.800 Level In the first nine months of 2024, the GBP/CAD exchange rate rose by over 7%, surpassing the significant 1.800 level. The last time GBP/CAD remained consistently above this level was back in 2016, but it later dropped below. Since then, bulls have made two attempts to push the price above 1.800: in 2018 and again in 2020 (during the coronavirus panic) – both of which failed. A third attempt occurred when GBP/CAD climbed above 1.800 in September 2024, but yesterday’s large bearish candles (marked with an arrow) suggest that this attempt to stay above 1.800 may also fail. Yesterday’s decline in GBP/CAD was driven by a combination of factors, including: → A rise in oil prices, which strengthens the Canadian dollar as Canada is a major exporter of oil; → A slowdown in manufacturing activity in the UK during September, as reported by Reuters. Technical analysis of the GBP/CAD chart shows the price is moving within an ascending channel (marked in blue), which has remained relevant since the start of 2024. Support levels for the price could be → The 1.78500 level (which acted as resistance from mid-July before being broken in September); → The median line of the ascending channel; → The orange trendline. However, it is possible that these support levels may not be strong enough to ensure that GBP/CAD can consistently hold above the 1.800 level, which has historically acted as key resistance. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.by FXOpen10
GBPCAD Long Pullback TradeGBPCAD Long Pullback Trade We rejected our HTF pullback zone and then returned above. Multiple confirmations on H4 - price rejected area between 50 and 100 MA, long-term support rejection, previous day low rejected. Stop Loss below the recent low: 1.78851 Take Profit: 1.79819 1. R:R 1:1, 0.5% Risk 2. After reaching TP closing half and moving SL to Breakeven 3. Trailing the rest with market structure on M15 later H1 - Close the loser before hitting full SL if the retracement extends and the price does not confirm the anticipated reversal. - Close the winner if a reversal signal forms (e.g., engulfing pattern, pin bar), especially on higher timeframes like H1 or if momentum weakens indicated by MACD oscillator, consider closing the remaining position early to lock in profits. *No important news for GBPCAD today*Longby Marteyfx0
GBPCAD is BearishPrice was in a strong uptrend, however a bearish divergence led to the break of previous higher low indicating control of bears on price action. If the momentum sustains then we can expect further drop in price as per Dow theory. Targets are mentioned on the chart. Shortby Fahad-Rafique6
Long GBPCADHere there are multiple confluence for this trade. Fundamental factors: Market sold off aggressively due to the IRAN missle attacks. When situation like this happens market tends to overshoot. So trying to get the retracement. Techincal Factors: It created a multi day double bottom patern. RSI is also created a bullish divergence which shows that price might make a reversal. Trade Management: Although in the chart I am aiming for 2R. I will close half the position in 1R and close the rest on TP level which is set at the top of the potential daily range based on the ADR.Longby ezfx070
SELL GBPCAD - trade explained in detailTrader Tom, a technical analyst with over 15 years’ experience, explains his trade idea using price action and a top down approach. This is one of many trades so if you would like to see more then please follow us and hit the boost button. We are proud to be an OFFICIAL Trading View partner so please support the channel by using the link below and unleash the power of trading view today! www.tradingview.com Short02:26by Simply-Forex3
H4 Long GCBoth a fundamental & technical fit. Buying GC at 0.618 pull back to a fair value gap covering the lows with a nice wide SL.Longby JayStieren114
GBPCADWe can attempt to short GBPCAD from specified level if it break HL , also bearish divergence occur indicate that it moves downward. SL , TP mention in chart.Shortby SignalEdge1