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British Pound / Canadian Dollar

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GBPCAD trade ideas

GBPCAD Possible Long Position BBM OA ReEntry Zone Zero Loss4H - Re-Entry 1H - 50 EMA Rejection + Bollinger Band Rejection 15m - Entry in MAHILO Note: * Cancel trade or cut-loss when candle close Below MAHI (2 Red 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
Long
by GreggiBond
Is the GBP/CAD Party Over?Rationale for a Short GBP/CAD Position A short GBP/CAD position might be considered under the following conditions: Diverging Monetary Policies: If the Bank of England adopts a more dovish stance compared to the Bank of Canada, it could weaken the GBP relative to the CAD. Weakening UK Economic Outlook: A slowdown in the UK economy, or a deterioration in economic indicators such as GDP growth or employment, could pressure the GBP. Rising Oil Prices: A sustained increase in oil prices would typically benefit the CAD, potentially weakening the GBP/CAD pair. Technical Indicators: Overbought conditions, bearish chart patterns, or negative divergences on technical indicators might suggest a potential downside in the pair. Cautions and Considerations While a short GBP/CAD position may appear attractive under certain conditions, it's essential to consider the following: Market Sentiment: Shorting against prevailing market sentiment can be risky. A sudden shift in market sentiment could lead to significant losses. Geopolitical Risks: Unforeseen geopolitical events can dramatically impact currency pairs. It's crucial to monitor global developments closely. Risk Management: Implementing stop-loss and take-profit orders is essential to protect capital and secure profits. Diversification: Consider diversifying your portfolio to mitigate risks associated with a single currency pair.
Short
by FtradeFXArabic
GBPCADBullish Trend: GBP/CAD is showing a bullish trend on the 4-hour timeframe, indicating a potential new upward movement through wave 5 of a higher degree impulse wave. Entry Strategy: Consider entering a buy position after a breakout above a key level or when the price completes a 50% to 61% retracement. Wave 4 and Trendline: Wait for wave 4 to complete and touch the ascending trendline. Confirmation: Enter a buy position after observing bullish rejection at the trendline.
Long
by forex_info
2
GBPCAD Technical Analysis! SELL! My dear subscribers, My technical analysis for GBPCAD is below: The price is coiling around a solid key level - 1.7720 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 1.7613 My Stop Loss - 1.7797 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
Short
by AnabelSignals
1
GBPUSDThe Bank of Canada cut its key interest rate by 25bps to 4.75% in its June 2024 meeting, as expected, and signaled that more rate cuts are to be delivered should inflation continue to slow as expected. The central bank noted it has stronger confidence that disinflation is converging toward the target of 2%, warranting a less restrictive policy stance. Both of the Bank’s preferred measures of underlying inflation moved to below the 3% threshold in April, and are expected to continue decreasing throughout the year along with the headline CPI. In the meantime, Canada’s first quarter GDP growth was softer than the levels expected by the BoC, and labor data pointed to a tightening job market, further warranting a response of more accommodative credit conditions. Still, the Bank noted that upside risks to price growth remained, magnified by uncertain geopolitical tensions and a relatively more hawkish Fed, raising question marks on how quickly the interest rate can fall.
Long
by murendi
GBPCAD - 4hrs ( Sell Trade Target Range 180 PIP )Pair Name : GBP/CAD Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money Key Technical / Direction ( Short ) Type : Mid Term Swing ——————————— Bearish Reversal 1.77900 Bullish Reversal 1.75650 Area Reasons - Major Turn level - Fibo Golden Zone - Pattern Target - Quarter's High Area - Choch Zone / Majoe
Short
by GentleGoldenEngine