POSSIBLE BUY OPPORTUNITY ON GBPCADPrice showing signs of strong momentum. We look for the pullback to take the trade.
GBPCAD trade ideas
GBPCAD Will Grow! Buy!
Take a look at our analysis for GBPCAD.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 1.811.
The above observations make me that the market will inevitably achieve 1.834 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Like and subscribe and comment my ideas if you enjoy them!
Idea for GBP/CAD Buy Position**Idea for GBP/CAD Buy Position:**
- **Bias:** Bullish.
- **Entry:** Enter at a key price level within a bullish Fair Value Gap, after observing a liquidity sweep below.
- **Stop Loss:** Place below the recent Swing Low to manage risk.
- **Take Profit:** Target 2RR.
- **Confluence:**
- GBP strength supported by positive economic momentum.
Monitor closely for a price reaction at the key level to confirm entry.
Bullish Outlook for GBPCAD: Targeting New HighsI'm expecting a bullish move for the GBPCAD currency pair, and here's why. The strategy we're using, EASY Trading AI, identifies key market trends effectively, and our analysis points to a favorable upward trajectory from the current enter price of 1.80354.
The decision to initiate a buy trade is strongly supported by several technical indicators that suggest an upward momentum. Specifically, the price is approaching a key resistance level, which historically leads to renewed buying interest. Additionally, with a Take Profit target set at 1.80668667, there’s a solid opportunity to capture some profits as the market rallies.
We've placed a Stop Loss at 1.79961667 to manage our risk, allowing for some fluctuation while safeguarding our capital. This strategic positioning balances the potential for gains with adequate risk management, a crucial aspect of successful trading.
It's essential to keep an eye on market sentiment and economic news that could influence the GBP and CAD, as external factors often play a significant role in currency movements. However, based on current technical insights and the robustness of the EASY Trading AI framework, the outlook appears promising. Happy trading!
GBP/CAD - Intraday Breakout Setup 📈 GBP/CAD - Intraday Breakout Setup 🚀
The price is exhibiting bullish momentum, with a clear reversal signal forming near a key support level. This aligns with a positive intraday outlook, supported by recent candlestick patterns.
🔍 Key Factors Supporting the Bullish Intraday Move:
1️⃣ Candlestick Pattern:
Formation of a strong bullish candlestick near the support zone, indicating potential buying pressure.
2️⃣ Support Zone:
Price is holding above 1.8000.
Key horizontal support at 1.7980 reinforces this level.
3️⃣ Moving Average:
The price is moving closer to the 50-day MA, suggesting potential upward movement.
🚀 Upside Targets:
🎯 First Target: 1.81089 (recent resistance level).
🎯 Second Target: 1.8150 (intraday high potential).
🚨 Risk Management:
Stop Loss: Below 1.7980 to limit downside risk.
💡 Pro Tip:
Watch for volume confirmation during the breakout for stronger entry confidence.
🔔 Stay tuned for more actionable market setups!
GBP_CAD POTENTIAL LONG|
✅GBP_CAD is going down now
But a strong support level is ahead at 1.7960
Thus I am expecting a rebound
And a move up towards the target 1.8040
LONG🚀
✅Like and subscribe to never miss a new idea!✅
GBPCAD LongsTook longs on GBPCAD. Price came into a demand zone. Double bottomed with a H4 engulfing. Looking to aim for the - 62 for a 1:3 R:R. Will look to manage trade once price hits the 0 and -27 fibs
GBP/CAD Daily Analysis.This chart shows the GBP/CAD pair on the daily timeframe, highlighting a strong bullish market structure characterized by Higher Highs (HH) and Higher Lows (HL).
Key observations:
Price is respecting the uptrend pattern with consistent HHs and HLs.
A key support zone is marked, acting as a potential demand area for price reactions.
The projection anticipates a possible retracement to the support zone, forming another HL before continuing the bullish trend.
Potential Plan:
Monitor the price action around the support zone for bullish signals and confirmations to join the upward trend.
Wajani Investment...Long-term investment in this currencyGBPCAD 12/24/2024
This trade is for those looking to invest in a currency. This is a long-term trade (investment).
This pair entered consolidation or has been in accumulation since 2016 (PS) . It created a Spring (SP) sometime in 2022 and finally the l ast point of support (LPS) in 2024 .
It has taken approximately nine years of accumulation to reach LPS. For those who are familiar with Wyckoff trading method , this is more understandable.
This shit is gonna explode like BTC lol
If you are interested in learning more, please reach out. Remember, this is for educational purposes ONLY.
Let me know your thoughts.
For educational purposes only.
GBP-CAD Risky Long! Buy!
Hello,Traders!
GBP-CAD is going down
Now and will soon hit
A horizontal support level
Of 1.7944 so after the
Retest a local bullish
Rebound is to be expected
Buy!
Comment and subscribe to help us grow!
Check out other forecasts below too!
GBPCAD trading siggnals⚡️GBPCAD is following wave 5 of the Elliot wave pattern.
⚡️The breakout from the boundary zone when there was a strong candle closing through the 1.80600 zone and the price traded above the 2 EMAs confirmed that the buyers won the market.
⚡️Expect the peak of wave 5 to end around 1.815 which is our TP 2 zone.
GBP/CAD LONGSI think GBP/CAD has a good potential for more upside. The weekly and daily bother look great and having pulled into the daily support I was ready to look for entry. I took an entry based on a 1h confirmation but I still think there will be a bit of a pullback going into next week before getting the bigger push to the target
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 look for a long. I expect bullish price action after price rejected from bullish order block. As well we have hidden divergence for a buy and on H1 we have regular divergence.
Like, comment and subscribe to be in touch with my content!
GBPCAD A Fall Expected! SELL!
My dear subscribers,
My technical analysis for GBPCAD is below:
The price is coiling around a solid key level - 1.8206
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 1.8179
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
———————————
WISH YOU ALL LUCK
OPPORTUNITY FOR SELL GBPCADWe have these indicators for SELL opportunity:
- Reflection from the major downtrend line originating from 2005
- Low volume to continue the current direction
- Reflection from the top of the parallel channel
- Return/re-test to 3M + 1M high
We define 3 goals:
TP 1 = 40 pips
TP 2 = 100 pips
TP 3 = 200 pips
GBP/CAD - H4 - Strong BreakoutThe GBP/CAD pair on the H4 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.7761
2nd Support – 1.7570
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
gbpcad finaly moving down. after 4 peaks testing the upside, we are nor seeing the drop. nice low hanging fruit.
Could the price bounce from here?GBP/CAD is falling towards the pivot which is a pullback support and could bounce to the 1st resistance.
Pivot: 1.8103
1st Support: 1.7949
1st Resistance: 1.8325
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
GBPCAD: Bullish Move After Breakout 🇬🇧🇨🇦
GBPCAD broke and closed above a significant daily resistance
cluster based on the year's high.
The broken structure turned into support.
Retesting that, the price formed a tiny cup & handle pattern
on an hourly time frame.
I decided to open a long trade on a retest of its broken neckline.
❤️Please, support my work with like, thank you!❤️
