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British Pound / Canadian Dollar

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GBPCAD trade ideas

Trading Signal: GBPCAD Movement AnalysisWe are issuing a Buy signal for the GBPCAD currency pair. Our entry price is set at 1.74323. The Take Profit is positioned at 1.74561667, while the Stop Loss has been marked at 1.74048667. Justification: This forecast is based on our advanced analysis using the EASY Quantum Ai strategy. We have identified several key factors influencing this movement. Firstly, the recent economic indicators in the UK have shown stronger growth compared to Canada, suggesting a potential appreciation of GBP against CAD. Secondly, our technical analysis indicates bullish momentum with moving averages pointing upwards and strong support at the Stop Loss level of 1.74048667. Furthermore, geopolitical stability in the UK versus ongoing uncertainties in Canada over trade policies and oil price volatility supports our Buy decision. The EASY Quantum Ai strategy has a strong track record for accurately predicting such movements, giving us high confidence in this trade setup. Always remember to manage your risk and adjust your trading size according to your risk tolerance and portfolio strategy. Happy trading!
Long
by ForexRobotEasy
GBPCAD (20/21-06-2024)Good evening Traders. I hope everyone is having a lovely week! Well let's get to it shall we...AUDCAD has played as anticipated and now we are waiting for GBPCAD to also give us a better entry as we are anticipating a bullish run to a least previous HH. Our bias is very simply, the market is Bullish on HTF and current structure is also bullish so after taking out previous HH and forming a new HH we do expect the market to respect order flow by simply pulling back to discount levels to form a HL then continue with the overall trend. As highlighted on the chart, i am looking for a little bit push mitigating our POI and also our Fib levels before we try to reach for previous swing Highs "Don't forget to remain consistent with your rules and trading plan" Thank You
Long
by Ocean98
2
GBPCAD SELL, 4hrGBPCAD was very bulling the past weeks but maybe the momentum has ended. As we see on the chart from a technical setup. The are may things that influence the charts to move a certain direction. But GBPCAD has reached a very strong weekly high at 1.76000 and lost buying momentum and changed direction. Since the pair was in an uptrend we should have a reversal pattern and have a Head & Shoulder which tells us that sellers are about to be in control. But a break below 1.74060 should confirm sell opportunities.
Short
by AnalysisExpert
2
GBPCAD TREND LINE BREAKOUT IDEAPair: GBPCAD Timeframe: 4H Analysis: Trend line, volume profile , support and resistance, trend break, reversal ————— Key Takeaway: Been trending bullish for a good while and now seeing signs of a reversal. Price has broken our bullish trend line and is consolidation between two key levels of support and resistance. If we seen a lot of bearish movement and close below support then we will enter ————— Level needed: need a close bellow 1.74000 ————— Trade: SHORT RISK:REWARD 1:8 SL: 1.74200 TP: 1.73400 onward ————— DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
Short
by TheGoldRoom
Buy GBP/CAD Double BottomThe GBP/CAD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Double Bottom Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours. Possible Long Trade: Entry: Consider Entering A Long Position Above The Broken Trendline Of The Double Bottom After Confirmation. Ideally, This Would Be Around 1.7433. Target Levels: 1st Resistance – 1.7520 2nd Resistance – 1.7573 Stop-Loss: To manage risk, place a stop-loss order below 1.7395. This helps limit potential losses if the price falls back unexpectedly. Thank you.
Long
by KABHI_TA_TRADING
9
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