Get started

British Pound / Canadian Dollar

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Economic Calendar

GBPCAD trade ideas

Sell GBPCAD Channel BreakoutThe GBP/CAD pair on the M30 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 the current price of 1.7518, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.7464 2nd Support – 1.7430 Stop-Loss: To manage risk, place a stop-loss order above 1.7565. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you.
Short
by KABHI_FOREX_TRADING
3
Gbp/Cad Sell IdeaGbp/Cad's swing up looks exhausted on the daily time frame. I am looking for a sell signal on the early time frames. Some people use a moving average crossover to give them the sell signal. I have 3 take profit's on the chart. This idea is based upon a phenomenon knows as support and resistance. This current area that Gbp/Cad is in , has not been broken in a few days, So this makes the current price area " A Area Of Resistance ".... But you can't sell right now! You have to wait until you get a sell signal on earlier time frames or whatever time frame you are trading on. Please use risk management when trading. When I Trade Big , I always lose the trade. When I trade smaller and give the trade room to breathe with a decent stop loss, I usually win the trade.
Short
by RlcTrading
GBPCAD (Elliott Wave)Hello friends In the GBPCAD currency pair, we see the formation of an Elliott Impulse pattern. Currently, this wave is completing its 5th wave, of course, it may have been completed. Because of the count I did, I'm a little hesitant about wave 5. We can draw a channel on a larger time frame. This channel intersects in the range of 1.7600, which is a resistance with the trend number. At the same time, wave 5 can grow up to the same range. In any case, after the completion of wave 5, we can expect a correction in the price. The first target is 1.7350 and the second target is 1.7220. To support me, I recommend that you install Trading View software on your phone and see my analysis and support me with your comments and Boost. Be successful and profitable.
Short
by M_Gheysvandi
GBPCAD - Look for Intraday Short 1:2.5!The price is showing strong bullish momentum on the higher time frame. We may have an opportunity to short once the price corrects. The trendline has clearly been broken, so let's see if the market is generous enough to allow some short positions here! Disclaimer: This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
Short
by S-Fx_