GBPCAD Trade IdeaGBPCAD has demonstrated a recent bullish trend, evident on the 4-hour time frame by the development of higher highs and higher lows. The current price swing indicates an imbalance beneath the price, potentially serving as a re-balance target. My approach involves anticipating a retracement into the 50-61.8% fibo zone, creating a favorable discounted entry point. It is essential to underscore that this analysis is intended purely for educational purposes and should not be interpreted as financial advice.
GBPCAD
GBPCAD: Bullish Trend-Following Setup 🇬🇧🇨🇦
GBPCAD is trading in a bullish trend.
The price formed an ascending triangle formation and violated its neckline
with a high momentum bullish candle.
That is a strong trend-following signal.
We can anticipate growth now to 1.725 level.
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GBPCAD - Long after filling the imbalance ✅Hello traders!
‼️ This is my perspective on GBPCAD.
Technical analysis: Here we are in a bullish market structure from 1H timeframe perspective, but for now I expect we can see a retracement price to fulfill the imbalance and then to reject from bullish order block + institutional big figure 1.71000.
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GBPCAD The Target Is DOWN! SELL!
My dear friends,
Please, find my technical outlook for GBPCAD below:
The price is coiling around a solid key level - 1.7129
Bias - Bearish
Technical Indicators: Pivot Points Low) anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 1.7053
Safe Stop Loss - 1.7167
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
GBPCAD BUYConsider selling GBPCAD based on historical seasonality trends and anticipated positive monetary policy by the 2024 Federal Reserve head. Monitor seasonal patterns, economic indicators, and central bank communications. Exercise caution, implement risk management, and seek professional advice as trading carries inherent risks.
BUY GBPCADConsider selling GBPCAD based on historical seasonality trends and anticipated positive monetary policy by the 2024 Federal Reserve head. Monitor seasonal patterns, economic indicators, and central bank communications. Exercise caution, implement risk management, and seek professional advice as trading carries inherent risks.
GBPCAD: Bearish Continuation & Short Trade
GBPCAD
- Classic bearish setup
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Short GBPCAD
Entry Point - 1.7080
Stop Loss - 1.7135
Take Profit - 1.6937
Our Risk - 1%
Start protection of your profits from lower levels
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GBP/CAD BEST PLACE TO SELL FROM|SHORT
Hello,Friends!
Previous week’s green candle means that for us the GBP/CAD pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 1.696.
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GBPCAD - Long opportunity ✅Hello traders!
‼️ This is my perspective on GBPCAD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs. I want price to continue the retracement to fill that huge imbalance and then to react from bullish order block for a long position.
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GBPCAD → Waiting for the price to start rising FX:GBPCAD is forming a bearish trend change attempt. The Canadian dollar index is declining, while the GBP index is in consolidation against the background of the uptrend.
The growth of the currency pair may continue after retesting the support at 1.6977 and forming consolidation above this zone.
What confuses us is the false breakdown of the 200-hour moving average, but what is interesting is that there is no strong fall. The market is in a correction phase and apparently the price is set to test the previously broken resistance (support at the moment). After consolidation, the market may move into the realization phase (distribution), where the price is capable of reaching 1.7275 in the medium term.
Support levels: 1.6977, 1.6898
Resistance levels: 1.7050, 1.7132
I expect growth after the end of the correction phase. It is worth paying attention to the above support, because it is from this zone that the price can start the strengthening phase
Regards R. Linda!
H4 | GBPCAD | MAIN SUPPORTHello everyone i hope every one have a great profitable week. ...
gbpcad enter in old weekly consolidation area ,price at support level of this old area,its a buy trend so price will respect this support level..
WHAT YOU THINK ABOUT THIS PAIR LET ME KNOW IN COMMENT..
.. good luck..
GBPCAD sell setupFX:GBPCAD
The weekly, 4h and 1h timeframes are bearish giving me a bearish bias. Price broke below 1.70666 4h/1h support area simultaneously breaking bullish structure of the 1h and 4h. I am waiting on a pullback to the 1.70666 area which will now be the resistance area to look for sells on gbpcad
Buy GBPCAD Triangle PatternFactors Strengthening GBP:
Hawkish BoE: Recent hawkish comments from Bank of England (BoE) officials regarding potential interest rate hikes to combat inflation have bolstered the Pound. This has increased its attractiveness compared to the Canadian Dollar.
Optimism on UK economy: Despite ongoing Brexit negotiations, positive economic data releases like higher-than-expected GDP growth and retail sales figures paint a picture of a resilient UK economy. This fuels investor confidence in the Pound.
Price breaks the Pattern now, its good chance to buy now.
Thank you.
GBPCADOn the monthly charts we have a bearish trend targeting the monthly low.
On the weekly charts we have a bullish correction that has cleared a previous ineffeciency.
On the daily we have a change of character indicating a trends reversal. However, on the lower timeframe we have a bullish correction.
On the 4 hour we are awaiting a change of character to signify a bearish continuation
GBPCAD Will Go Lower From Resistance! Sell!
Here is our detailed technical review for GBPCAD.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 1.704.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 1.693 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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GBPCAD SELL | Day Trading AnalysisHello Traders, here is the full analysis.
Watch strong action at the current levels for SELL . GOOD LUCK! Great SELL opportunity GBPCAD
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GBPCAD Sell Opportunity 1.6994GBPCAD Analysis
Price is currently in a William-Certified Range, where it has recently rejected the 4H Resistance. Price broke under the 1H Support at the 1.70000 psychological level.
Impulse SELL entries can be taken right now, however it would be best to wait for confirmations.
GBPCAD I Potential Short from ResistanceWelcome back! Let me know your thoughts in the comments!
** GBPCAD Analysis - Listen to video!
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