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GBPCAD

Time To Buy ? Oversold Move To 1.67 ??Since the close of last month, this pair has seen a sharp decline, plummeting almost 1,000 pips. Notably, for 16 consecutive days, it's registered a new low. Given its extremely oversold conditions, and it has now entered a Daily BUY/DEMAND zone, beginning around 1.64. As a result, I anticipate a short-term upward correction, potentially reaching the Weekly resistance level of 1.67 or even higher. This point could be an opportune moment for long-term sellers to re-enter and drive prices down towards the Weekly BUY/DEMAND zone at 1.60. I've entered a trade based on a 4-hour signal from my TRFX indicator. Check out the image below The 15-minute charts indicate a solid support around 1.64, highlighted by today's brief dip to a new low before a rapid rebound. You can examine this here: I am well aware that this is going against a strong downward push though given the extremely oversold conditions and the fact it is the end of the Month and end of Q3 profit taking may well allow this position to go my way. I will be taking profit off the table as this pair moves up and stop loss is down towards 1.63 if it does breakdown again and the stop is hit I will look for another re-entry signal as this is a good R/R trade. Hope you enjoyed the analysis
Long
by TheFxAce
26
GBPCAD Analysis. Plan for next week.Hello everyone. i want share my idea about GBPCAD. In my last analysis which was day trade signal price reaction in first couple hours was perfect but then we got strong price push up which stopped me. GBP is still strong bearish, in September we had price pretty strong fall which can give me Bearish signals and ii will try to catch this movement. I marked some Daily resistances and used my Fibonacci tool from last High to last low, my Fibonacci levels showed me some good entry points but the best entry point i think will be 71.00 level which is exact at 4h resistance. Downside 4h trendline is broke but it really don't give me any sing of trend change after this fall. I will try to short this pair again and if it will stop me then i will try another short entry point because we have 3 Daily strong resistance. I will share Signal type this trade if price rection will go with my prediction, first i will wait reaction at the level and than i will share. Always manage your risk and make your own research!!!
Short
by elmakacho
2
GBPCAD - 4hrs ( buy Trade Target Range 240 PIP ) Pair Name : GBP/CAD 🗨Time Frame : 4hrs Chart / Close ➕Scale Type : Large Scale ------ 🗒 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 ( ❗️ Long ) Type : Mid Term Swing —————————— Bullish Reversal 1.64500 Area Reasons - Major Turn level / M - Visible Range lvn - Major Choch - Fibo Golden - Day / week low Bearish Reversal 1.67500 Area reasons - Major Turn level / w - Visible Range Poc - Pattern Target - Choch Area - Quarter's Area
Long
by GentleGoldenEngine
12
GBPCAD Analysis. Another signal!Hello everyone. i want share my idea about GBPCAD which will be signal from me. After some pretty strong bearish movement today we saw some up movement of GBP but at the pair it it was the prettiest high for enter short position, because at higher timeframe price fall is without almost high and this is so strong, which is absolutely falls change the trend. I used my fibonacci levels for find some good entry point at 4 h timeframe and after touch this level it had strong reaction three times which fall price from here. Here is my setup for that signal. Open Short Position - 1.646 Stop Loss - 1.645 Take Profit - First target 1.63587 and then i will trail my stop loss here if it will reach. Always Manage your risk and make your own research!!!
Short
by elmakacho
5
GBPCAD H4 | Rising into resistance?GBPCAD is rising towards an overlap resistance and could potentially reverse off this level to drop lower. Sell entry is at 1.64593 which is an overlap resistance. Stop loss is at 1.65400 which is a level that sits above the overlap resistance level. Take profit is at 1.63857 which is a pullback support level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Forex Capital Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FXCM Australia Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM
GBPCAD H4 | Potential bearish breakoutGBPCAD is attempting to break below a key pullback support and momentum could cause it to drop lower for a potentially bearish breakout. Sell entry is at 1.65366 which is a pullback support; wait for the current 4-hour candle to close below the Sell entry prior to putting on the trade. Stop loss is at 1.66206 which is a pullback resistance level. Take profit is at 1.63953 which is a pullback support level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Forex Capital Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FXCM Australia Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM
GBPCAD Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
Short
by ShahedZare
GBPCAD will rise soonGBPCAD is oversold at this situation.RSI shows that .so we can see a correctional buy . EDUCATION so to find tha point of reverse in the market we can use out fibonacci tool to high to the low the impulse in that point we can see the 0.382 Fibo level is perfectly matched with the previous support which will become the resistance soon.( SBR ).also the trading is th reacting process it can not project .so we have to see the price action on that fibo level before it makes an rejection USE your own risk management.
Short
by rasindu2003
1
GBPCAD: LAST SETUP MOVING WITH 380+ PIPS PROFITDear Traders, hope you are doing great, we have an update on GBPCAD, our previous setup moving in positive with 380 PIPS.The GBP/CAD currency pair has been on a downward trend this week, falling from a high of 1.6650 on Monday to a low of 1.6350 on Friday. The pair has been under pressure from a number of factors, including a stronger US dollar and a weaker British pound. The US dollar has been buoyed by expectations of a rate hike by the Federal Reserve, while the British pound has been weighed down by concerns about the UK economy. The GBP/CAD pair is likely to remain under pressure in the near term, as the US dollar is expected to continue to strengthen. However, the pair could see some support if the UK economy shows signs of improvement; How will positive news will impact on GBPCAD? Positive news about the UK economy could lead to a rise in the value of the British pound, which would in turn cause the GBP/CAD currency pair to rise. This is because a stronger British pound would make it more expensive to buy Canadian dollars, which would lead to a decrease in demand for Canadian dollars and a rise in the value of the GBP/CAD pair. However, the effect of positive news on the GBP/CAD pair would depend on the nature of the news and the market's reaction to it. If the news is seen as significant and likely to have a lasting impact on the UK economy, then it could lead to a sustained rise in the value of the British pound and the GBP/CAD pair. However, if the news is seen as less significant or likely to have a temporary impact, then it could lead to a more muted reaction in the market and the GBP/CAD pair. Please show us some support by liking and commenting your views
Short
by Setupsfx_
26
GBPCAD H4 | Rising to pullback resistanceGBPCAD is rising towards a pullback resistance and could potentially reverse from here to drop lower towards our take profit target. Entry: 1.65896 Why we like it: There is a pullback resistance level Stop Loss: 1.66862 Why we like it: There is a pullback resistance that aligns close to the 23.6% Fibonacci retracement level Take Profit: 1.64750 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