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Gbp-cad

GBPCAD - In Trend Engulfing Long Setup (4H)GBPCAD has formed a significant bullish engulfing with a big wick on the 4H time frame. Confluences: Huge bullish engulfing candle with a big wick engulfing at least 4 previous candles. Huge bullish engulfing pattern on the weekly time frame. 20EMA rejection. Current uptrend. 1st entry: 50% Entry with 1:2 risk to reward. Safe SL below engulfing low. 2nd entry: Entry after huge wick through 38.2%, 50% and rejecting 61.8%. Risker SL below confirmation candle low which is also the 2nd higher low. 1:3 risk to reward. 30m time frame allows a perfect view of the 2nd higher low forming which is the ideal entry point for this strategy.
Long
by justinholtgrave
GBP/CAD Short Opportunity!Possibility for a short opportunity in GBP/CAD soon! Price has been steadily working its way back up to the structure high over the past couple weeks and now has shown a rejection. On top of this we can see a very clean trend line which is where a lot of retail traders have been buying from meaning that there is a lot of liquidity underneath that the institutions will want to grab. Therefore once we break structure, i would be looking for a pull back from which to go short on down to the demand area highlighted in blue. Feel free to leave any comments about the idea!
Short
by PercentageOverPips
4
GBPCAD formed Crab Harmonic PatternGBPCAD Formed Crab Harmonic Pattern which supports the bullish bias targeting 1.7110 stop loss should be placed at 1.6620 Fundamental commentary: GBP has also lost a key tailwind since the emergence of the Omicron eased expectations for a BoE rate hike this month. Omicron variant introduced significant uncertainty into global markets, with a BoE rate hike looking increasingly unlikely this year. Last week, three BoE officials further dampened rate hike bets which increase the sell pressure on the GBP but we expect a short term correction for GBPCAD so try to lock your profit to avoid the main downtrend.
Long
by ChartDepth
GBPCAD bearish continuation | 15th Dec 2021 Price is abiding to the descending trendline resistance, signifying an overall bearish momentum. We can expect price to drop from the pivot level in line with 127.2% Fibonacci projection towards 1st Support in line with 50% Fibonacci retracement. Our bearish bias is further supported by the stochastic indicator where the %K line is at the resistance level. 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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Short
by Rockqet
3
GBP CAD Long idea GBPCAD has been in a steady uptrend for about a month now. In that time the price has respected the upwards trend and hasn't broken through it yet. On the 4hr chart, the Stoch-RSI indicators have just crossed in oversold territories (21), it looks like the price will increase. A scenario that might play out is that the price will fall down a little bit towards the trend line before its continuation forward. The one issue with this trade is that the price has failed to break through the 1.70 regions with any conviction, this indicates caution to me as another attempt is likely but failure to break past the resistance zone could lead to a drop in price towards the 1.684 level.
Long
by Orion-Markets
GBPCAD potential for reversal | 30th NovPrice is near sell entry price of 1.70470 which is also 23.6% Fibonacci retracement and 61.8% Fibonacci projection. Price can potentially dip to the take profit level of 1.69637 which is also 50% Fibonacci retracement and 61.8% Fibonacci projection. Our bearish bias is supported by stochastic as it shows divergence. 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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website
Short
by Rockqet
GBPCAD Long Entry GBPCAD has risen by 1.58% towards the levels of 1.70405 in recent days. However, the price managed to make lower highs and fell to the price of 1.689. Some support has been created at this level, which has formed exactly on the 0.618 Fib level. On the 4hr chart, the RSI levels are very oversold which indicates that there is room for GBP to rise. The target for this trade is at the 0.382 Fib level, 1.69477. The stop loss area for this trade is located at 1.6833
Long
by Orion-Markets
GBPCAD short ongoing ⤵️👇It's been a busy day for trades using our POW reversal script. Here we are using it on GBPCAD working the 20M time frame. Trade details for current trade are shown on the chart. We're looking for the green line which is take profit target. Little red arrow is entry point and purple line is stop loss. Previous trade can be seen on chart also for reference. This strategy has been on fire of late until today's first trade which hit SL. No strategy is 100% win and as we close the day off I'm in the next trade also a short which is progressing well. Lets see if the 35 pip TP target can be found. As with every idea trade history and log can be seen at the foot of this trade idea too for full transparency. The report box tabs when pressed it shows all you need to know about the strategy performance. You as the viewer of this idea can also do that so go ahead and have a play. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you. Darren
Short
by pow_removetheguesswork
6
GBP CAD Short Entry GBP cad has gained a lot of momentum this week following the increase of interest rates in the UK. The pair has gained 1.56% this week alone but as of today, it has witnessed some sell-off. The RSI levels on the 4hr chart are currently in very oversold levels,91, indicating that the continuation of the sell-off is likely. Another indication that GBP/CAD will drop is that the price wasn’t able to pass the 1.705 level which was the resistance it had to break to keep the momentum going forward. The targets for this short trade are at the 0.5 Fibonacci retreatment level of 1.6947. Following this, the next profit target is at 1.688. The stop loss area is tight, just above the recent high increase direction changes; at the 1.7052 level.
Short
by Orion-Markets
We start the day with a GBPCAD trade 👇👍This strategy has been covered twice already this week in ideas. Using POW reversal strategy here and trade details for current trade are shown on the chart. We are working the 20M time frame on this strategy. We're looking for the green line which is take profit target. Little red arrow is entry point and purple line is stop loss. Previous trades can be seen on chart the strategy is looking to go 5 out of 5 trades. Trade history can be seen at the foot of this trade idea too for full transparency. In that box every trade is logged and can be viewed by clicking the tabs in the report box. You as the viewer of this idea can also do that so go ahead and have a play. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you. Darren
Short
by pow_removetheguesswork
GBPCAD short has just alerted 🔔We have another GBPCAD trade on our POW reversal strategy. Trade details for current trade are shown on the chart. We are working the 20M time frame on this strategy. We're looking for the green line which is take profit target. Little red arrow is entry point and purple line is stop loss. Previous trades can be seen on chart. The short trade was covered in an idea yesterday which hit TP. This was then followed by a long which also found TP. Lets see how the new short trade fairs. Trade history can be seen at the foot of this trade idea too for full transparency. In that box every trade is logged and can be viewed by clicking the tabs in the report box. You as the viewer of this idea can also do that so go ahead and have a play. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you. Darren
Short
by pow_removetheguesswork
GBPCAD buy is a go 📈✅First POW reversal strategy trade of the week a GBPCAD long. Trade details for current trade are shown on the chart. We are working the 20M time frame on this strategy. We're looking for the green line which is take profit target. Little blue arrow is entry point and purple line is stop loss. Previous trades can be seen on chart. Trade history can be seen at the foot of this trade idea too for full transparency. In that box every trade is logged and can be viewed by clicking the tabs in the report box. You as the viewer of this idea can also do that so go ahead and have a play. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you. Darren
Long
by pow_removetheguesswork
2
GBPCAD short progressing ⬇️Using POW reversal strategy for this trade an GBPCAD short. Trade details for current trade are shown on the chart. We are working the 20M time frame on this strategy. We're looking for the green line which is take profit target. Little red arrow is entry point and purple line is stop loss. Previous trades can be seen on chart. Trade history can be seen at the foot of this trade idea too for full transparency. In that box every trade is logged and can be viewed by clicking the tabs in the report box. You as the viewer of this idea can also do that so go ahead and have a play. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you. Darren
Short
by pow_removetheguesswork
GBPCAD potential for dip | 9th Nov Price is near sell entry price of 1.67423 which is also 38.2% Fibonacci retracement and 100% Fibonacci projection. Price can potentially dip to the take profit level of 1.67423 which is the graphical swing low level. Our bearish bias is supported by the respective technical indicators. 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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Short
by Rockqet