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British Pound / Canadian Dollar

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GBPCAD trade ideas

Buy GBPCAD, 1hrThis is a good trade for buys as I think bullish momentum is to come with a strong impulse move -The pair gave us a Head & Shoulder bullish reversal pattern that tells us the buyers are in control of the market now. -As the market respected the H&S it went to a strong resistance at 1.76150 and crossed it and came back to retest the previous resistance and made it a strong support which is proven by Price Action - The bullish Flag continuation pattern makes it a good time for an entry Always risk what you are willing to lose
Long
by AnalysisExpert
Bearish drop?GBP/CAD has reacted off the pivot which acts as a pullback resistance and could fall to the 50% Fibonacci support. Pivot: 1.76355 1st Support: 1.75393 1st Resistance: 1.77179 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
Potential bullish rise?GBP/CAD has reacted off the pivot which acts as a pullback support and could potentially rise to the pullback resistance. Pivot: 1.75032 1st Support: 1.74208 1st Resistance: 1.76059 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
1
GBPCAD TRADE SETUP✔Pair Name: GBPCAD 👍 Classic bullish formation 👍 Our team expects Bull run SUGGESTED TRADE: Dear Traders Hope everyone is well. I will now talk about GBPCAD I can see here that Price in near the zone ! Slowly entry and use proper money management okay guys ! If your analysis matches with this then you can follow and share your opinion with me. Start protection of your profits from LTF retest levels. ❤Please, support our work with like & comment!❤
Short
by Forex_bank_Liquidity
GBPCAD In Bearish Trend (Fundament + Technical Analysis) This analysis anticipates a bearish movement in GBP/CAD , supported by a combination of seasonality, interest rate policy changes, and market positioning: Fundamental Analysis: 1- Seasonality Impact: Historical data suggests that the GBP tends to weaken during the early part of August. This seasonal trend is observed year after year, making it a reliable indicator for traders. The current price movement aligns with this seasonal pattern, providing a solid foundation for a bearish outlook. 2. Interest Rate Cuts: Recently, the Bank of England has hinted at potential interest rate cuts to counteract slowing economic growth and persistent inflation concerns. Interest rate cuts generally reduce the attractiveness of a currency because they lead to lower returns on investments denominated in that currency. As the market starts pricing in these anticipated rate cuts, we’ve seen a noticeable shift from bullish to bearish sentiment for GBP. This shift is significant because it indicates that the broader market is now expecting GBP to weaken further, which directly impacts pairs like GBP/CAD. 3. COT Report - The Institutional Perspective: The Commitment of Traders (COT) report offers insight into the positions of various market participants. The latest report shows that non-commercial traders, often referred to as "smart money," have begun reducing their long positions in GBP. This reduction is a clear signal that institutional investors, who typically have a longer-term view and access to more comprehensive data, are expecting GBP to decline. The decrease in long positions adds a layer of bearish sentiment to the market, further supporting our downside expectations. Technical Analysis: Precision in Entry Points Entry 1 - Break of the Higher Low: The first entry opportunity arises if the price breaks below the most recent higher low on the 4H timeframe. A break of this level would indicate that the bearish momentum is strong enough to push prices lower. Entering at this point allows us to join the trend early, capturing a larger portion of the move. Entry 2 - Retracement Entry: Often, after breaking a key support level, the price will retrace back to retest this level, which now acts as resistance. This retracement provides a second entry opportunity. By entering at this point, we can secure a better position with a more favorable risk-reward ratio. This entry is particularly attractive for traders who prefer to wait for confirmation of the trend before committing to a trade. 1:3 Risk-Reward Ratio Target
Short
by shayanshah1
2
GBPCAD Waiting for the 1D MA200 to confirm the bottom.The GBPCAD pair broke this week below its 1D MA50 (blue trend-line) and is (including today) on a 2 day green streak. However this is technically not convincing for us to buy as despite holding the Internal Higher Lows trend-line, it is the 1D MA200 (orange trend-line) that has confirmed the major Higher Lows (bottoms) of the 11-month Channel Up. In fact, it was a similar Internal Higher Lows trend-line that broke on April 01 2024 and despite a short-term rebound, broke downwards to confirm a bottom on the 1D MA200. As a result, we are waiting for that ideal technical opportunity to long and target 1.8000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
1