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GBPCAD trade ideas

Heading into 50% Fibonacci resistance?GBP/CAD is rising towards a resistance level which is an overlap resistance which aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.75140 Why we like it: There is an overlap resistance level which lines up with the 50% Fibonacci retracement. Stop loss: 1.75979 Why we like it: There is a pullback resistance level. Take profit: 1.73398 Why we like it: There is a pullback support level. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
GBP/CADSince April 22, we have seen the price increase and the value of the pound against the Canadian dollar,  after hitting 1.7600, the price changed direction and the upward trend turned into a downward trend,  with the start of today's market, the pound is weakening against the canadian dollar.  we have several scenarios ahead of which we are evaluating the most probable ones. The first scenario that I personally prefer: the price returns to the area between 1.7500 and 1.7600 and forms a double bottom  in the area of 1.7600,  then we can look for a suitable price to enter the short  in the same area. The second scenario: expect a small correction to the 1.7450 -1.7470 area,  then the short trade  can be considered probable, and the two Fibonacci areas of 61 and 50% will be the price targets for the second scenario.
Short
by JBKONLINETRADING
GBP/CAD Bearish Drop from Strong Resistance - Trade OptionsGBP/CAD has experienced a bearish drop from a strong resistance level on higher time frames and is expected to continue its bearish trend. We have two options for entering a trade: Enter at the current market price (CMP), setting a stop loss (SL) just above the resistance level where the market turned bearish. Aim for a take profit (TP) at a 1:1 risk-reward ratio. Use Fibonacci retracement levels and wait for the market to pull back to the 0.786 or 0.618 level. If the market shows any bearish evidence at these levels, enter the trade and ride the bearish trend until TP3.
Short
by Choughle
GBPCAD - 4hrs ( Buy Trade Target Range 200 PIP ) ☑️Pair Name : GBP/CAD Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ 🛡 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 1.74900 Area Reasons - Major Turn level / M - Choch Zone Break Out - Day / week High Break - inner Counter Trend - Visible range lvn - Fixed Range lvn Bearish Reversal 1.76900 Area Reasons - Major Turn level - Fibo Golden Zone - Pattern Target - Quarter's High Area - Choch Zone / Majoe
Long
by GoldenEngine