GBP/CAD BEST PLACE TO BUY FROM|LONG
Hello,Friends!
The BB lower band is nearby so GBP-CAD is in the oversold territory. Thus, despite the downtrend on the 1W timeframe I think that we will see a bullish reaction from the support line below and a move up towards the target at around 1.702.
✅LIKE AND COMMENT MY IDEAS✅
GBPCAD
GBPCAD Analysis. Swing Trade Signal! Hello everyone i want share my idea about GBPCAD.
At the pair on higher timeframe we first we had some pretty bullish movement which brake resistance at 1.685, for me that zone is interested price, for that i used my Fibonacci toll which helped me to identify this zone and if we look at the price movement we see some strong reaction first touch was aggressive buy, but then sellers were stronger and drop down the price where took liquidity and came up. with that movement i saw now we have more buyers than sellers, the buyers active at my marked support and Fibonacci high volume zone for the reason i decide to long this pair and for that i have some scenes, where i am right and where i am wrong.
Scene 1 - price has high reaction from buyers at the level and going higher with strong movement.
Scene 2 - price coming down strong which has high rection from buyers at Fibonacci 88.60 LVL and going strong up with strong movement, with it it taking liquidity and more buyers opening long positions.
Scene 3 - Price don't have reaction from buyers its coming down to 88.60 Fibonacci LVL, there are more sellers than buyers and price continue fall, at the moment i am completely wrong and getting stop.
My reward ratio here is 1:5 if i will be right.
Open long position-1.6865
Stop Loss - 1.67600
Take profit - Trend following.
I am risking at the trade 2%!!
ALWAYS MANAGE YOUR RISK AND MAKE YOUR OWN RESEARCH!!!
GBPCAD: READY TO SHORT SOON!We got a confirmed bearish trend change for GC (2 LL and 2 LH is what I look for to ensure I do not fall for the trap of a fake trend change!)
Now looking for trend continuation to take a short trade.
Waiting for at least a 50% retracement and price coming into the fair value gap (this is a must for my system!)- then we look for a bearish trend change on 15min and ATTACK!
This is looking like a very yummy short!
Follow and Stay tuned my friends ;)
GBPCAD - Expect retracement ✅Hello traders!
‼️ This is my perspective on GBPCAD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for short from premium zone. I want price to make a retracement to fill that huge imbalance higher and then to reject from bearish order block.
Like, comment and subscribe to be in touch with my content!
GBPCAD Set To Grow! BUY!
My dear subscribers,
This is my opinion on the GBPCAD next move:
The instrument tests an important psychological level 1.6939
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.7046
My Stop Loss - 1.6899
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
———————————
WISH YOU ALL LUCK
GBPCAD - Looking To Sell Pullbacks In The Short TermH4 - Bearish trend pattern.
Lower lows.
No opposite signs.
H1 - Bearish trend pattern.
Currently it looks like a pullback is happening.
Until the strong resistance zone holds I expect the price to move lower further in the short term after pullbacks.
GBPCAD Is Very Bearish! Short!
Please, check our technical outlook for GBPCAD.
Time Frame: 3h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 1.695.
Considering the today's price action, probabilities will be high to see a movement to 1.688.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
Like and subscribe and comment my ideas if you enjoy them!
GBPCAD Long Term Selling Trading IdeaHello Traders
In This Chart GBPCAD HOURLY Forex Forecast By FOREX PLANET
today GBPCAD analysis 👆
🟢This Chart includes_ (GBPCAD market update)
🟢What is The Next Opportunity on GBPCAD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
GBPCAD Trading Opportunity! BUY!
My dear followers,
This is my opinion on the GBPCAD next move:
The asset is approaching an important pivot point 1.7059
Bias - Bullish
Safe Stop Loss - 1.7015
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 1.7134
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
———————————
WISH YOU ALL LUCK
GBPCAD Will Go Up! Buy!
Here is our detailed technical review for GBPCAD.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 1.708.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 1.722 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!
GBP-CAD Bullish Breakout! Buy!
Hello,Traders!
GBP-CAD is trading in an
Uptrend and the pair broke
Out of the bullish wedge
Pattern which reinforces our
Bullish bias and makes me
Expect a further move up
After the local correction
Buy!
Like, comment and subscribe to help us grow!
Check out other forecasts below too!
GBPCADGBPCAD is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is also the healthy retracement and local support as well. if the market successfully sustain this bullish confluence the next leg high could go for new HH
What you guys think of this idea ?
GBPCAD H4 | Rising into 38.2% Fibo resistanceGBP/CAD is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 1.70790 which is a pullback resistance that aligns close to the 38.2% Fibonacci retracement.
Stop loss is at 1.71575 which is a level that aligns with the 61.8% Fibonacci retracement level and sits 30 pips above a pullback resistance.
Take profit is at 1.69643 which is a swing-low support level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
GBPCAD: GET READY TO SHORT!We got a confirmed bearish trend change for GC (2 LL and 2 LH is what I look for to ensure I do not fall for the trap of a fake trend change!)
Now looking for trend continuation to take a short trade.
Waiting for at least a 50% retracement and price coming into the fair value gap (this is a must for my system!)- then we look for a bearish trend change on 15min and ATTACK!
The 50% retracement and 8Hr FVG are in line with previous support turned resistance- thus adding another confluence on this trade.
This is looking like a very yummy short!
Follow and Stay tuned my friends ;)
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 am looking for long. I expect bullish price action from here as price filled the imbalance and rejected from bullish order block + institutional big figure 1.70000.
Fundamental news: Tomorrow we will see Interest Rate on GBP. News with important impact on currency.
Like, comment and subscribe to be in touch with my content!