CADGBP trade ideas
55 Pips Opportunity as GBP/CAD Targets 1.7850 ResistanceGBP/CAD is currently trading at 1.7795 and moving sideways, indicating consolidation in the market. The key support level is positioned at 1.7690 , while resistance is seen at 1.7850 . Based on the current market structure, we believe GBP/CAD has the potential to rise and test the resistance at 1.7850 . This upward movement presents a trading opportunity of around 55 pips . The price action suggests a bullish outlook, as long as the pair holds above the support zone, making the resistance level our target for this potential move.
GbpCad Short-term SellAs a continuation of our previous analysis, we think that the downtrend will continue. After the main channel was broken, the price entered a consolidation period and sees downside resistance from the intersection of the 50-period MA and the 23.6% Fibonacci level of the main trend on the H4 chart.
GBPCAD Possible Short Position BBMA OA ReEntry Zone Zero Loss4H - Re-Entry
1H - 50 EMA Rejection + Bollinger Band Rejection
15m - Entry in MAHI
Note:
* Cancel trade or cut-loss when candle close Above MAHI (2 Green Color Lines) in 4H
* 1:3 RRR
* TAYOR
A combination of multiple moving averages and Bollinger Bands is the BBMA OMA Ally strategy. It provides an extensive and reliable examination of market trends and patterns by utilizing the strength of both indicators. It is a multi-time frame analysis
I am using the BBMA OA Reentry Zone Zero Loss Strategy as a basic reaction to recent market events, rather than attempting to forecast the market's future course
GBPCAD: Detailed Technical OutlookQuick Update on ⚠GBPCAD:
Analyzing the price movement on a 4-hour chart today, I observed that the market is in a consolidation phase.
There is a tight trading range occurring horizontally.
Traders interested in selling should wait for the price to break below the support level of this range.
A clear signal of a bearish trend would be a 4-hour candle closing below 1.7683. If this occurs, it is likely that a bearish trend will follow.
The next level of support to watch for is at 1.7600.
GBPCAD - 4hrs ( Sell Trade Target Range 180 PIP ) Pair Name : GBP/CAD
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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Key Technical / Direction ( Sell Opportunity )
Type : Mid Term Swing
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Bearish Reversal
1.77100 area
Reasons
- Major Turn level
- Major Counter Trend
- Choch zone
- Quarter's Area
- Fixed Poc Area
- Visible Range Hvn
Bullish Reversal
1.75300 Area
Reasons
- Major Turn level / D
- Visible Range Lvn
- Fixed Value
- Pattern Target
- Choch Zone
- Fibo Golden
GBP/CAD Bearish Expectation After Reaching 1.78400GBP/CAD is expected to turn bearish after reaching the high of 1.78400. The RSI is in an oversold zone, which suggests a potential brief correction before the downtrend resumes. I plan to sell some of my positions at this level and monitor if the RSI influences a slight upward move before selling the remaining balance. Let's see how the downtrend unfolds
GBPCAD Trading Opportunity! BUY!
My dear friends,
GBPCAD looks like it will make a good move, and here are the details:
The market is trading on 1.7742 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 1.7768
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK