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CANADIAN DOLLAR / BRITISH POUND

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CADGBP trade ideas

GBPCAD Long Pullback TradeGBPCAD Long Pullback Trade We rejected our HTF pullback zone and then returned above. Multiple confirmations on H4 - price rejected area between 50 and 100 MA, long-term support rejection, previous day low rejected. Stop Loss below the recent low: 1.78851 Take Profit: 1.79819 1. R:R 1:1, 0.5% Risk 2. After reaching TP closing half and moving SL to Breakeven 3. Trailing the rest with market structure on M15 later H1 - Close the loser before hitting full SL if the retracement extends and the price does not confirm the anticipated reversal. - Close the winner if a reversal signal forms (e.g., engulfing pattern, pin bar), especially on higher timeframes like H1 or if momentum weakens indicated by MACD oscillator, consider closing the remaining position early to lock in profits. *No important news for GBPCAD today*
Long
by Marteyfx
Long GBPCADHere there are multiple confluence for this trade. Fundamental factors: Market sold off aggressively due to the IRAN missle attacks. When situation like this happens market tends to overshoot. So trying to get the retracement. Techincal Factors: It created a multi day double bottom patern. RSI is also created a bullish divergence which shows that price might make a reversal. Trade Management: Although in the chart I am aiming for 2R. I will close half the position in 1R and close the rest on TP level which is set at the top of the potential daily range based on the ADR.
Long
by ezfx07
GBPCAD is in the bearish directionHello Traders In This Chart nzdcad 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 Chart
Long
by ForexMasters2000
BUY Limit on GBPCAD FX:GBPCAD Fundamental fact : GBP strong Bullish because economic data + US Fed rate policy makes USD slumps, its makes Gold and GBP become more strong Bullish... OffCourse GOLD on the other hands keep rising because Geopolitical WAR. CAD keep weakening until maybe 2 week onwards, CAD strong Sell because, Oil price slump, Oil Price keep Selling. Here is my idea ; on H1 GBPCAD take buy Limit on FVG price at @180.383 SL 179.800 TP 181.400 TP2 182.00 If break TP1 on 181.400, @GBPCAD will keep rising until 182.000
Long
by hiro1328
12
GBPCAD Possible Buy The market is currently testing the current daily Fib area 0.618. Based on 4HR TF, the market seems to be forming a possible reversal chart pattern. We could see Buyers coming in strong should the current level hold. Disclaimer: Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account. High-Risk Warning Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.
Long
by WiLLProsperForex