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Gbpcadanalysis

GBPCAD I Potential Short from ResistanceWelcome 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!
Short
by BKTradingAcademy
4
DeGRAM | GBPCAD divergence at the resistance levelGBPCAD market is trading in an ascending channel, and it created divergence at the resistance. Price made a double top at resistance and created an engulfing candle. On the daily chart, the price is actually at resistance, so it will be harder to break through it. We expect a pullback to the support level that perfectly lines up with the 50.0% fibo level. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Short
by DeGRAM
1
GBPCAD Analysis.Hello everyone. i want share my idea about GBPCAD. That pair we have is at pretty interesting place. it has few weeks bearish movement but last week we saw it came between daily resistance and weekly support, at the weekly support we have to much touch and if we look at chart it tested twice first time buyers active slowly and second time price got strong rejection at daily resistance from sellers but they were not enough strong to brake weekly support, it got same reaction from buyers at weekly support and stuck between that 2 zone. If we look at daily Fibonacci we will see correction after big uptrend going to end, i think at the moment buyers are more strong than seller but lets see what we will have next week. Here what i will try will be long that pair.
Long
by elmakacho
1
GBPCAD Analysis. Swing Trade Signal! Hello everyone i want share my idea about GBPCAD. At the pair on higher timeframe we first we had some pretty bullish movement which brake resistance at 1.685, for me that zone is interested price, for that i used my Fibonacci toll which helped me to identify this zone and if we look at the price movement we see some strong reaction first touch was aggressive buy, but then sellers were stronger and drop down the price where took liquidity and came up. with that movement i saw now we have more buyers than sellers, the buyers active at my marked support and Fibonacci high volume zone for the reason i decide to long this pair and for that i have some scenes, where i am right and where i am wrong. Scene 1 - price has high reaction from buyers at the level and going higher with strong movement. Scene 2 - price coming down strong which has high rection from buyers at Fibonacci 88.60 LVL and going strong up with strong movement, with it it taking liquidity and more buyers opening long positions. Scene 3 - Price don't have reaction from buyers its coming down to 88.60 Fibonacci LVL, there are more sellers than buyers and price continue fall, at the moment i am completely wrong and getting stop. My reward ratio here is 1:5 if i will be right. Open long position-1.6865 Stop Loss - 1.67600 Take profit - Trend following. I am risking at the trade 2%!! ALWAYS MANAGE YOUR RISK AND MAKE YOUR OWN RESEARCH!!!
Long
by elmakacho
GBPCAD Long Term Selling Trading IdeaHello Traders In This Chart GBPCAD HOURLY Forex Forecast By FOREX PLANET today GBPCAD analysis 👆 🟢This Chart includes_ (GBPCAD market update) 🟢What is The Next Opportunity on GBPCAD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexPlanet20
GBPCAD - Long active ✅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. I expect bullish price action from here as price filled the imbalance and rejected from bullish order block + institutional big figure 1.70000. Fundamental news: Tomorrow we will see Interest Rate on GBP. News with important impact on currency. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
GBPCAD Looking BearishAnalyzing the H4 chart, we've observed the price recently responding to our sell entry at 1.7046, denoting a noteworthy interaction at this overlap resistance point. Our target for profit-taking is set at 1.6965, aligning with a corresponding overlap support level. To manage potential risks, we've established a stop-loss order at 1.7136, strategically placed at a level representing a swing high resistance point. This stop-loss position acts as a safeguard against unfavorable market movements beyond our risk tolerance.
Short
by HUMCRYPTOCLUB
GBPCAD possible drop to support?In our analysis of the H4 (4-hour) chart, we observed a significant market event at the price level of 1.7046. This particular level is considered an overlap resistance, indicating a convergence of various factors that have historically influenced market behavior. Traders and analysts pay close attention to such points, as they often represent areas where the price has encountered resistance in the past, potentially influencing future market movements. The recent reaction at 1.7046 suggests that this level continues to play a role in shaping the price dynamics, prompting market participants to monitor it closely for potential trading opportunities or shifts in market sentiment.
Short
by ForexWizard01
GBPCAD - W1\D1GBPCAD W1 - The price may push off from a strong level and begin to move down. When implementing the idea, you can expect a target at the level of 1.63580 D1 - The trend line was broken, and the price also fixed behind the trend line. A 3-wave structure is being formed, which may indicate a potential trend reversal. The nearest levels according to the structure are 1.66591 What can you expect? Expectation of breaking the minimum of the 1st wave - from the levels of 1.70384. To be sure, you can wait until this level is fixed to consider the entry. Cancellation of the idea when the maximum of the 2nd wave is broken or beyond the maximum of the 1st wave 1.71889 - 1.72924 Long Target 1.69914 - 1.68982 - 1.68020 - 1.66591
Short
by Trade_Hive_Signals
GBPCAD can go 🚀UP🚀 to next 🔴Resistance zone🔴🏃‍♂️ GBPCAD has been moving in the Ascending Channel for more than two months and it seems that it can maintain this trend in the ascending channel in the coming weeks. 🏃‍♂️ GBPCAD is currently moving near the 🟢 Support zone(1.712 CAD-1.700 CAD) 🟢 and the lower line of the ascending channel. 🌊In terms of Elliott wave theory , GBPCAD seems to have succeeded in completing the main wave 4 near the lower line of the ascending channel. 🔔I expect GBPCAD to go up to at least the 🔴Resistance zone(1.738 CAD-1.728 CAD)🔴 to complete the main wave 5 . British Pound/Canadian Dollar ( GBPCAD ) 4-hour time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
3