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GBPCAD trade ideas

GBPCAD: 700+ pips swing move in making; what you think? FX:GBPCAD After looking at the daily timeframe, we have identified the price pattern with this particular pair, we pointed out the upcoming big move based on similar move that this pair has made. Currently price has been rebounding from the strong buying zone where we expect a large volume to kick in the market. First our main aim will be to see how price react at the downtrend trendline and if price successfully breakthrough the region. We can then enter more entries with this pairs targeting long term 700+ pips. Good luck and trade safe.
Long
by Setupsfx_
10
GBPCAD are u ready to profit from the decline?? … 01 July 2024 On 20 June price broke below 1.7330 and also broke structure. It had earlier consolidated in the 1.7440 area and is now consolidating around the 1.7330 region. Being a bit aggressive in my trading, I am already short but IMO it is still a great (maybe even better) time to jump in. Will price retrace a bit? Maybe!! If my analysis is correct, this could turn out to be a multi-R winner. However, a lot of patience will be required to maximize gains from this setup. Nothing is 100% in trading and anything can happen at any time. This is not a trade recommendation, it is just my analysis. You should be aware that trading carries a high level of risk, so only trade with money you can afford to lose. Please use sound money and risk management if/when you trade. If you like my idea, please give a “boost” and follow me to get even more. Please comment and share your thoughts too!!
Short
by Trading_Vista
2
GBPCAD Will Explode! BUY! My dear followers, I analysed this chart on GBPCAD and concluded the following: The market is trading on 1.7330 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 1.7400 Safe Stop Loss - 1.7296 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
Trade Signal for GBPCADTraders, we have identified a potential short trade for the GBPCAD currency pair. Direction: Sell Enter Price: 1.73436 Take Profit: 1.73248667 Stop Loss: 1.73803667 Analysis: This forecast is generated using the EASY Quantum Ai strategy, which integrates advanced technological and quantum computing methods to predict market movements accurately. The decision to go short on GBPCAD is based on a convergence of several critical indicators: - Technical Analysis: Key resistance levels around the 1.73436 mark have been tested multiple times, indicating a potential reversal. - Trend Analysis: The prevailing trend showcases a weakening GBP against CAD, supported by our trend strength indicators. - Market Sentiment: Current market sentiment analysis reveals increased bearish positions among major financial institutions, strengthening the sell signal. This combination of technical analysis, trend indicators, and market sentiment forms the basis for our forecast. Engage in this trade while adhering to the specified entry and exit points for optimal results. Keep an eye on the market conditions and adjust your strategies accordingly. Always engage in trades within your risk tolerance levels. Happy trading!
Short
by ForexRobotEasy
GBPCAD Possible Long Position BBMA OA ReEntry Zone Zero Loss4H - Re-Entry 30m - 50 EMA Rejection + Bollinger Band Rejection 15m - Entry in MAHILO Note: * Cancel trade or cut-loss when candle close Above 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
Trading Signal for GBPCAD: Buy OpportunityAttention traders! We have identified a promising trading opportunity for the GBPCAD currency pair. Based on our comprehensive analysis and the EASY Quantum Ai strategy, we recommend the following trade setup: Direction: Buy Enter Price: 1.7379 Take Profit: 1.74160667 Stop Loss: 1.73297667 Rationale Behind the Trade: 1. Technical Analysis: Our advanced algorithms have analyzed the recent price movements and identified a bullish trend in the GBPCAD pair. Key resistance levels have been tested, and a breakout has been observed, indicating potential for further upward movement. 2. Fundamental Factors: The recent economic data from the United Kingdom has been favorable, showing stronger-than-expected performance in sectors such as manufacturing and services. On the other hand, Canada has shown mixed data, which may lead to a weaker CAD relative to GBP. 3. Market Sentiment: Current market sentiment supports a bullish outlook on GBP due to recent positive news and investor confidence. The sentiment analysis performed by EASY Quantum Ai also shows lower levels of uncertainty, making a BUY signal more reliable. 4. Risk Management: With a carefully considered Stop Loss at 1.73297667 and a Take Profit target at 1.74160667, this trade setup offers a good risk-to-reward ratio, ensuring controlled risk exposure while aiming for a profitable outcome. Please note: Always continue to monitor market conditions and adjust your positions accordingly. Our signals serve as guidance, but personal discretion and risk management are crucial. Happy trading and may the market be in your favor!
Long
by ForexRobotEasy
Heading into pullback resistance, could it reverse from here?GBP/CAD is rising towards a resistance level which is a pullback resistance that is slightly below the 78.6% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.74118 Why we like it: There is a pullback resistance level which is slightly below the 78.6% Fibonacci retracement. Stop loss: 1.74573 Why we like it: There is an overlap resistance level. Take profit: 1.73379 Why we like it: There is an overlap support level which aligns with the 50% Fibonacci retracement. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Short
by VantageMarkets
Forex Signal: GBPCAD Sell OpportunityDear Traders, We have identified a promising trading opportunity on the GBPCAD currency pair. Direction: Sell Enter Price: 1.72918 Take Profit: 1.72696 Stop Loss: 1.73236 Justification: This forecast is generated using the EASY Quantum Ai strategy, which integrates multiple layers of data analysis and predictive modeling. Several factors have influenced this sell signal: 1. Technical Analysis: Our indicators point to a bearish trend as the pair has recently broken below a key support level. 2. Market Sentiment: Sentiment indicators show increasing negative sentiment towards the GBP due to economic uncertainties in the UK. 3. Momentum Analysis: The momentum indicators are showing downward pressure, suggesting a potential decline. 4. Economic Indicators: Data releases from Canada have shown relative economic strength compared to the UK, supporting CAD over GBP. Please make sure to enter the market at 1.72918, set your take profit at 1.72696, and have a stop loss at 1.73236 to manage your risk effectively. Happy Trading! Best Regards, The Quantum Ai Trading Team
Short
by ForexRobotEasy