GetMoneyTradez GbpCad short setupMarket makers have stop hunted early sell participants and have come back into the zone. With that out of the way we should be able to short and catch a minimum of 100pips but seeking 175pips.
GBPCAD
GBP/CAD BULLS WILL DOMINATE THE MARKET|LONG
Hello,Friends!
GBP/CAD is trending up which is evident from the green colour of the previous weekly candle. However, the price has locally plunged into the oversold territory. Which can be told from its proximity to the BB lower band. Which presents a beautiful trend following opportunity for a long trade from the support line below towards the supply level of 1.711.
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GBPCAD LONGA trade with the best entry point, the best R:R (1:13), the lowest risk and in the direction of the market trend.
In terms of fundamentals, due to the drop in oil prices and the impact on the Canadian currency, Mithian predicted that the British pound would become stronger.
Technical and fundamental shows growth.
Good luck.
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 :-)
Potential Long GBPCADGBPCAD posted a green weekly Heiken Ashi candle. This suggests to me that it may go up next week. However, a green daily Heiken Ashi candle has not yet posted on the daily time frame. Therefore, I must wait until it does. If a green candle does not post by close of day Monday, then I will no longer consider this trade anymore.
GBPCAD I Buyers struggling to break 7145 I This could happenWelcome 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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GBPCAD: Running out of steam, start of the reversal?In my opinion GBP is building up for a big fall this year, and it has to start with a lower high.
Oil prices are rising, and as much as the FED don't want this, it's happening, and this should be good for CAD.
I can see a rising wedge pattern, we can see spinning tops forming and it looks like we're running out of steam, I believe we'll initially fall back to the 1.7 support / round number.
I'm waiting for my entry, I expected GBP to fall before now, but the BoC unemployment news wasn't supportive last week.
sell gbpcadsell #gbpcad to TP:1.169838
open sell 0.1 lot for each 1000$
if Reverse to 1.7753 sell again 0.1 lot to TP
dont set SL
There was a need to close the order, it is announced in this analysis.
So follow us.
GBPCAD Short Term Sell IdeaH4 - Bearish trend pattern.
Currently it looks like a pullback is happening.
No opposite signs.
Until the two strong resistance zones hold my short term view remains bearish here.
GBPCAD - Long from discount zone ✅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 long from discount zone. I want price to continue the retracement and then to reject from bullish order block + institutional big figure 1.70000.
Fundamental analysis: On Friday will be released monthly GDP on GBP, which was forecasted to increase, this means strength of currency, which will support our analysis.
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GBPCAD - Ready For A 500pip Tumble!GBPCAD is currently in a correction. We could very likely be in a 335 flat correction, which would make wave C 5 waves as opposed to the 3 waves shown in the chart. Either way, we'll be looking for a short from these levels.
Trade Idea:
- No safe entry for this trade
- Risk Entry now with tight stops above the recent highs
- Invalidation for this scenario will be once we move past the highs of 1.7333
- Main target is: 1.661 (500pips)
Please bare in mind this is a risk entry.
Goodluck and as always, trade safe!
GBPCAD I It will continue to fall in the short-termWelcome 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.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
GBPCAD - Rising wedgeGBPCAD Recently Broke Rising Wedge towards Downside. Taking entry at break of recent HL, Stoploss Above Recent HH. Keeping Risk reward Ratio at 1:1 and 1:2.
GCAD - WAIT FOR TRIANGLE PATTERN BREAKOUTh4 is forming a very nice triangle pattern
let's wait for price to breakout.
trading is react, not predict
JUST REMEMBER TO MANAGE YOUR CAPITAL WHILE TRADING. NO MATTER HOW PERFECT YOUR TRADING SYSTEM IS, THE WAY YOU MANAGE YOUR RISK IS THE KEY TO BE A CONSISTENT TRADER.
GBPCAD - 4hrs ( Buy Trade Target Range 240 PIP ) Pair Name : GPB/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 ( Long )
Type : Mid Term Swing
———————————
Bullish Break
1.70700 Area
Reasons
- Choch Area Break
- Visible Range Value
- Day / w high Break
- inner Fixed Range Value
Bearish Reversal
1.73100 Area
Reasons
- Major Turn level / W Area
- Pattern Target
- Visible Range / D Hvn
- Major Choch Area
- Quarter's Area
GBPCAD - 4hrs ( Up + 60 PIP / Tp 1 > Full Tp 240 PIP ) Pair Name : GBP/CAD
Time Frame : 4hrs
Scale Type : Large Scale
Analysis Way : Volume + Classic + High & low + Market Map
Direction : Long
📋 Educational
—————**-
🗒 Just browsing through my analysis means a lot to me.
➡️ Update -
————
VIP Opportunity
Take Profit 1
Account Growth = 5 %
Pip' Achieved = 60 PIP
GBPCAD, Still more up to see?GBPCAD / 1D
Hello Traders, welcome back to another market breakdown.
GBPCAD is trading in a bullish trend, the bears failed to reverse it. Therefore, I'm looking for a trend resumption for new highs.
Checkout the chart for where I'll do business for low risk and high reward entry.
Trade safely,
Trader Leo.
GBPCAD ____ INCOMING BULLISH MOVEHello Traders,
Just like my EURCAD analysis (inserted below), GBPCAD has also aligned on the monthly, weekly, and daily timeframes. Just like EURCAD also, GBPCAD did not trade into the weekly order block before the daily chart printed a bullish price structure and as I stated in my EURCAD analysis, it is not necessary.
GBPCAD printed a bullish CHOCH on the daily chart which retraced and reacted nicely. I have adjusted my daily order block accordingly and I am waiting for the price to retrace into the order block to go long. Although I am speculating on higher price movement, if I am able to enter the trade, I will look to exit at the daily supply order block.
Follow for more updates like this.
EURCAD ANALYSIS
Cheers,
Jabaro
GBPCAD TRADE ANALYSIS UPDATE. Recent analysis shows where I made a full analysis on GCAD and also gave the levels for the bullish continuation.
GBPCAD POSSIBLE BREAKOUTThe GBPCAD currency pair might experience a breakout of a triangle pattern on a 2-hour chart. The pattern consists of converging trendlines, indicating a potential significant price movement.
GBPCAD: Double long term Buy opportunity.GBPCAD is testing the 1D MA50 as Support on neutral 1D technicals (RSI = 49.135, MACD = 0.001, ADX = 29.493). This is an early buy signal. However since the long term pattern is a Channel Up, the downside potential extends as low as its bottom of the HL trendline. Throughout its formation, the 1D MA100 has constantly provided Support, more specifically three times since February 16th.
Consequently, if a 1D candle is closed under the 1D MA100 (again it will be the first time inside this eight month Channel Up), we will add a second buy position near the 1D MA200. The current buy (1D MA50) targets the top of the Channel Up (TP = 1.74500), the lower buy targets the 1.382 Fibonacci extension (TP = 1.75150).
Prior idea:
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Shorting GBP/CAD ahead of BOE rate decision(150 pip)Hello Traders
we expect a 150 pip drop in GBPCAD after BOE rate decision.
Our technical view has been shown in the chart.
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Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
GBPCAD LowerTrying GBPCAD lower here.
Couple of reasons for the idea. Firstly looking at the narrative it seems to have changed in CAD favour. The GBP narrative is a little worse since the lower UK inflation data and the PMI dat this week didn't help much either. Meanwhile the CAD narrative seems pretty stable on a relatively hawkish BoC and a good economy. This along with extreme GBP longs could see the pair move lower.
It also helps as it is a proxy to GBPUSD. I'm expected the fed to be a little hawkish today, while most are expecting this i think it still makes sense to go with it.
Rate differentials are suggesting a little lower and oil is performing pretty well which should help CAD. We're also entering seasonals that are pretty poor for GBPUSD and so likely GBPCAD.
Corporate month end is tomorrow as well which could see USD buying and so lower GBPCAD as a proxy to GBPUSD.
Not trading/investment advise, feedback welcome!
