GBPCAD: 700+ pips swing move in making; what you think? FX:GBPCAD
After looking at the daily timeframe, we have identified the price pattern with this particular pair, we pointed out the upcoming big move based on similar move that this pair has made. Currently price has been rebounding from the strong buying zone where we expect a large volume to kick in the market. First our main aim will be to see how price react at the downtrend trendline and if price successfully breakthrough the region. We can then enter more entries with this pairs targeting long term 700+ pips. Good luck and trade safe.
GBPCAD
GBPCAD are u ready to profit from the decline?? … 01 July 2024 On 20 June price broke below 1.7330 and also broke structure. It had earlier consolidated in the 1.7440 area and is now consolidating around the 1.7330 region. Being a bit aggressive in my trading, I am already short but IMO it is still a great (maybe even better) time to jump in.
Will price retrace a bit? Maybe!! If my analysis is correct, this could turn out to be a multi-R winner. However, a lot of patience will be required to maximize gains from this setup. Nothing is 100% in trading and anything can happen at any time.
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. Please use sound money and risk management if/when you trade.
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GBPCAD Will Explode! BUY!
My dear followers,
I analysed this chart on GBPCAD and concluded the following:
The market is trading on 1.7330 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.7400
Safe Stop Loss - 1.7296
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
Heading into pullback resistance, could it reverse from here?GBP/CAD is rising towards a resistance level which is a pullback resistance that is slightly below the 78.6% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 1.74118
Why we like it:
There is a pullback resistance level which is slightly below the 78.6% Fibonacci retracement.
Stop loss: 1.74573
Why we like it:
There is an overlap resistance level.
Take profit: 1.73379
Why we like it:
There is an overlap support level which aligns with the 50% Fibonacci retracement.
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GBP/CAD Gave Yesterday +50 Pips 0 Drawdown , New Entry Valid !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
GBPCAD My Opinion! BUY!
My dear followers,
This is my opinion on the GBPCAD next move:
The asset is approaching an important pivot point 1.7288
Bias - Bullish
Safe Stop Loss - 1.7240
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 1.7359
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
GBP/CAD Broke The Res , Long Setup Valid After D Closure !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
GBP/CAD BUYERS WILL DOMINATE THE MARKET|LONG
Hello,Friends!
We are going long on the GBP/CAD with the target of 1.754 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band. However, we should use low risk here because the 1W TF is red and gives us a counter-signal.
✅LIKE AND COMMENT MY IDEAS✅
GBPCAD → Trend Change. The fall may continue to 1.710OANDA:GBPCAD breaks the uptrend, a bearish rally is forming and the price is testing local support. A break of the liquidity area will renew the sell-off against a weaker GBP and a rising CAD.
Pound sterling is moving from accumulation to realization and downward distribution on the background of expectations that the UK central bank will start an earlier interest rate cut relative to the US Fed. The Canadian, on the contrary, is growing on the background of monetary policy tightening in the country.
The resistance at 1.7336 plays a key role for the currency pair at the moment. A false breakdown (touching the SMA) is possible before the subsequent price drop, a breakdown of 1.7297 will strengthen the sell-off.
Resistance levels: 1.7336, 1.7387, 1.7415.
Support levels: 1.7297, 1.7228
I expect consolidation in the local range, which may turn into a phase of further decline. Key liquidity zones are 1.7228 - 1.7085.
Regards R. Linda!
Bearish drop?GBP/CAD is rising towards the pivot and could reverse from this level to the 1st support.
Pivot: 1.73441
1st Support: 1.72280
1st Resistance: 1.74045
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
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, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
GBPCAD: DT Curve AnalysisThere is the possibility of a decline based on the recent breakout of a bearish pattern, as Price Action closed below the anchor @ 1.7348, creating a resistance level @ 1.7326.
The RSI indicator being in overbought area may suggest a halt or reversal in the rise.
If the downtrend analysis is correct, we might place a sell limit order at 1.7326 and a sell stop order at 1.7296.
Price Action already reached TP1 so our next available levels for a Take Profit are listed as TP2, TP3, and TP4.
Bearish drop?GBP/CAD has reacted off the pivot which has been identified as a pullback resistance and could fall to the 1st support.
Pivot: 1.73441
1st Support: 1.72280
1st Resistance: 1.74045
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
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, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
GBPCAD - 4hrs ( Sell Trade Target Range 280 PIP ) 🔻Pair Name : GBP/CAD
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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🔻 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
🔻Key Technical / Direction ( Short )
Type : Mid Term Swing
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✔️Bullish Break
1.74500 Area
Reasons
- Major Turn level / M
- Choch Zone Break Out
- Day / week High Break
- inner Counter Trend
- Visible range lvn
- Fixed Range lvn
- Trend Line Break
✔️Bullish Reversal
1.71200 Area
Reasons
- Major Turn level / D
- Patttern Target
- Visible Range Lvn
- Bullish Control Zone
- Counter Trend line
- Fibo Golden 61.8 %
- Quarter's Area
GBPCAD I Long opportunity from bottom of the channel Welcome back! Let me know your thoughts in the comments!
** GBPCAD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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GBP/CAD BULLS ARE STRONG HERE|LONG
Hello,Friends!
GBP/CAD pair is trading in a local uptrend which know by looking at the previous 1W candle which is green. On the 9H timeframe the pair is going down. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 1.742 area.
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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!!
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.
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GBPCAD: Bullish Forecast & Bullish Scenario
The strict beauty of the chart is a reflection of the fierce eternal battle between the bulls and bears and right now I can clearly see that the bulls are taking over so we will bend to the will of the crowd and buy too.
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