GBP/CAD analysis. The trend is downHello traders, have a good week. GBP/CAD analysis. The trend is down. Focus more on selling more. Be a friend of the trend. Good luck.
Gbpcadanalysis
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
Short GBPCAD, Intraday, Swing Trade Direction for next 2 days.📉📣Short GBPCAD, Intraday, Swing Trade Direction for next 2 days.
Key Level 1 (1st TP): 1.6609 - Intraday TP level
Key Level 2: (2nd TP) 1.6557
Stop Loss: 1.6651
Short Entry Level: 1.6624 to 1.6640
8-hour chart: Lower Low and Lower High, MACD has double Green Hill already, may completed a A-B-C retracement and carry on the trend now.
GBPCAD - Short active ✅Hello traders!
‼️ This is my perspective on GBPCAD.
Technical analysis: Here we are in a bearish market structure from higher timeframe perspective, so I am looking for short. I expect bearish price action from here as we can see that price filled the imbalance and rejected from bearish order block.
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GBPCAD Going Up | Buy opportunityHello Traders, here is the full analysis.
Watch strong action at the current levels for BUY. GOOD LUCK! Great BUY opportunity EURAUD
I still did my best and this is the most likely count for me at the moment.
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GBP/CAD Gave Yesterday +130 Pips 0 Drawdown , Entry For N WeekThis Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Perfect Chance To Sell GBP/CAD And Get 200 Pips At Least !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
GBPCAD - Long active ✅Hello traders!
‼️ This is my perspective on GBPCAD.
Technical analysis: Here we are in a bullish market structure from daily perspective, so I am looking for long. I expect bullish price action from here as we can see that price filled perfectly the imbalance and rejected from bullish order block.
Fundamental analysis: Tomorrow will be released monthly GDP in Canada, if the result is negative, it will support our analysis.
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GBPCAD - H4GBPCAD
Locally, you can consider buying from these levels (1.66547). The price corrects after a strong impulse, and the beginning of an ABC structure can be observed.
Local targets - 1.68600
What can you expect now?
You can consider entering from current levels or breaking through the level of 1.66547. It is better not to take increased risks. Cancellation of the idea from the level of 1.65960.
Targets 1.67040 - 1.67620 - 1.68600
GbpCad- Correction seems over. 1.6 next?A few days back I drew attention to the possibility of reversal for GbpAud from the strong level of resistance.
After a hanging man on Friday and a strong red day yesterday, the pair looks ready to resume its down move.
As long as the pair is under 1.6750-168 zone there are high chances of a drop to 1.6 support and also, such a trade could have a good R:R
GBPCADGBPCAD, our last two setups came out to be successful and we still expect prices to continue to drop further. However, as price dropped significantly without making any corrections. We now anticipating price to turn bullish for short time. It is an risky entry if you take one.
DeGRAM | GBPCAD channel breakingGBPCAD market is trading in an ascending channel.
However price made a divergence at the resistance level and dropped.
The market on the D chart is heavily bearish, so the ascending channel is just a pullback.
We expect a pullback to the support level that perfectly lines up with the 61.8% fibo level.
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GbpCad could drop to 1.6After the low in September last year, GbpCad started to rise with a first very aggressive leg-up of 2500 pips from October to mid-December.
However, after the top from December, the rise was contained in a big rising wedge to August, a double top marked the end of this rise and we have 3 very important breaks following: first, the break under the rising wedge's support, followed by the break of the neckline of the double top and finally the break under important horizontal support of 1.67.
Recently the pair have made a local low in the 1.64 zone and now is in a recovery mood.
Considering the 3 important breaks that you just talked about, we could consider a trend change for this pair and, this recent rise to test the broken support, now resistance, could offer traders an opportunity to join the recently formed bear trend.
In conclusion, traders should look for signs of reversal and set a target at the 1.6 zone for their short trades.
Note: when you set your stop loss, keep in mind that GbpCad is an extremely volatile pair
Time To Buy ? Oversold Move To 1.67 ??Since the close of last month, this pair has seen a sharp decline, plummeting almost 1,000 pips. Notably, for 16 consecutive days, it's registered a new low.
Given its extremely oversold conditions, and it has now entered a Daily BUY/DEMAND zone, beginning around 1.64. As a result, I anticipate a short-term upward correction, potentially reaching the Weekly resistance level of 1.67 or even higher. This point could be an opportune moment for long-term sellers to re-enter and drive prices down towards the Weekly BUY/DEMAND zone at 1.60.
I've entered a trade based on a 4-hour signal from my TRFX indicator. Check out the image below
The 15-minute charts indicate a solid support around 1.64, highlighted by today's brief dip to a new low before a rapid rebound. You can examine this here:
I am well aware that this is going against a strong downward push though given the extremely oversold conditions and the fact it is the end of the Month and end of Q3 profit taking may well allow this position to go my way.
I will be taking profit off the table as this pair moves up and stop loss is down towards 1.63 if it does breakdown again and the stop is hit I will look for another re-entry signal as this is a good R/R trade.
Hope you enjoyed the analysis
GBPCAD Analysis. Plan for next week.Hello everyone. i want share my idea about GBPCAD.
In my last analysis which was day trade signal price reaction in first couple hours was perfect but then we got strong price push up which stopped me. GBP is still strong bearish, in September we had price pretty strong fall which can give me Bearish signals and ii will try to catch this movement.
I marked some Daily resistances and used my Fibonacci tool from last High to last low, my Fibonacci levels showed me some good entry points but the best entry point i think will be 71.00 level which is exact at 4h resistance.
Downside 4h trendline is broke but it really don't give me any sing of trend change after this fall. I will try to short this pair again and if it will stop me then i will try another short entry point because we have 3 Daily strong resistance.
I will share Signal type this trade if price rection will go with my prediction, first i will wait reaction at the level and than i will share.
Always manage your risk and make your own research!!!
GBPCAD Analysis. Another signal!Hello everyone. i want share my idea about GBPCAD which will be signal from me.
After some pretty strong bearish movement today we saw some up movement of GBP but at the pair it it was the prettiest high for enter short position, because at higher timeframe price fall is without almost high and this is so strong, which is absolutely falls change the trend.
I used my fibonacci levels for find some good entry point at 4 h timeframe and after touch this level it had strong reaction three times which fall price from here.
Here is my setup for that signal.
Open Short Position - 1.646
Stop Loss - 1.645
Take Profit - First target 1.63587 and then i will trail my stop loss here if it will reach.
Always Manage your risk and make your own research!!!
#GBPCAD: A MASSIVE 600+ PIPS SETUP!Dear Traders,
GBP is expected to be a weaker due to DXY is gaining its strenght back, because of this main reason we may see CAD, AUD AND DXY dominating in coming weeks. Let's grab the opportunity and made some huge move.
Thanks for your continuous support!
GBPCAD: LAST SETUP MOVING WITH 380+ PIPS PROFITDear Traders, hope you are doing great, we have an update on GBPCAD, our previous setup moving in positive with 380 PIPS.The GBP/CAD currency pair has been on a downward trend this week, falling from a high of 1.6650 on Monday to a low of 1.6350 on Friday. The pair has been under pressure from a number of factors, including a stronger US dollar and a weaker British pound. The US dollar has been buoyed by expectations of a rate hike by the Federal Reserve, while the British pound has been weighed down by concerns about the UK economy. The GBP/CAD pair is likely to remain under pressure in the near term, as the US dollar is expected to continue to strengthen. However, the pair could see some support if the UK economy shows signs of improvement;
How will positive news will impact on GBPCAD?
Positive news about the UK economy could lead to a rise in the value of the British pound, which would in turn cause the GBP/CAD currency pair to rise. This is because a stronger British pound would make it more expensive to buy Canadian dollars, which would lead to a decrease in demand for Canadian dollars and a rise in the value of the GBP/CAD pair.
However, the effect of positive news on the GBP/CAD pair would depend on the nature of the news and the market's reaction to it. If the news is seen as significant and likely to have a lasting impact on the UK economy, then it could lead to a sustained rise in the value of the British pound and the GBP/CAD pair. However, if the news is seen as less significant or likely to have a temporary impact, then it could lead to a more muted reaction in the market and the GBP/CAD pair.
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GBP/CAD Short Opportunity - SeptemberExplanation within the chart - entry could have been better. Going for a 2RR
GBPCAD Long Term BUYING Trading IdeaSep 13
Hello 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
GBP/CAD Weekly Analysis - Potential Retest of Upper ChannelWelcome to our weekly GBP/CAD analysis In this post, we'll provide you with a comprehensive outlook for the GBP/CAD currency pair for the upcoming trading week, highlighting the recent upper channel breakout and the potential retest scenario.
📈 Key Weekly Analysis Points:
- Upper Channel Breakout: We'll discuss the implications of the recent breakout from the upper channel and its significance for GBP/CAD traders.
- Robust Support Zone: Explore the strong support zone that could influence price action during the anticipated retest.
- Key Resistance Levels: Assess the critical resistance levels that may present challenges for GBP/CAD bulls.
- Trade Strategies: Get insights into potential trading strategies and setups for the week ahead.
If you're a trader or investor interested in GBP/CAD, this post offers valuable insights to help you navigate the markets effectively on TradingView.
Please remember to follow us for regular updates and analysis. Feel free to share your thoughts and questions in the comments section below. We value your feedback and interaction!
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Disclaimer: This analysis is for educational purposes only and should not be considered as financial advice. Always conduct your research and consult with a financial advisor before making any trading decisions. Trading involves risks, and it's crucial to manage them wisely.
GBPCAD SHORT - STRONG BEARISH MOMENTUM!Waiting for a retest of 1.68792 to short GBPCAD back to Daily swing lows at 1.66195
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