CADGBP trade ideas
GBP-CAD Local Long! Buy!
Hello,Traders!
GBP-CAD is trading in a
Local uptrend and the
Pair is already making
A bullish rebound from
The horizontal support
Of 1.7600 so we are
Locally bullish biased
And we will be expecting
A further move up
Buy!
Like, comment and subscribe to help us grow!
Check out other forecasts below too!
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
GBPCAD BUY! 1:2RRGBPCAD on daily time frame is bullish, after little retracement its ready to form another high.
In 4 hour time frame its taken liquidity from downside.
All scenerious indicate a bullush move, this signal is generated by our own developed algorithm..
Consider to follow to get such awesome trades
GBPCAD BUY! 1:2RRGBPCAD on daily time frame is bullish, after little retracement its ready to form another high.
In 4 hour time frame its taken liquidity from downside.
All scenerious indicate a bullush move, this signal is generated by our own developed algorithm..
Consider to follow to get such awesome trades
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.
GBPCAD SELL SETUPPrice came back to retest structure low and gave us the rejection I like to see. Looking for a continued bearish wave from here!
GBPCAD bullishmaking HH & HL
EP according to fib buy limit at support
SL below previous HL & support
Gbpcad Gbpcad am selling gbpcad now cause we have price on the zone we're we were expecting it to be
GBPCAD1.GBPCAD has been on an uptrend for sometime.
2.It made a reaction from the resistant trendline which showed an interest ib sellers.
3.we look for sells as the price is looking forward to break the triangle.
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.
How To Hedge And Protect Forex PositionsHedging is at the core of risk management for many Traders.
It has to be done correctly however, and proportions must be accurate.
Risk plans are what make trading work, so this may be an interesting avenue.
Gbpcad We have alot of positions that we will be looking at for the week so we expect price to go up a little back to the zone and then we sell just same setup every time 🙂
GBPCAD BUYING SETUPAm set to look for buying opportunity once the market break the small range & key level to upside
GBPCAD...BUYAfter the price reaches the specified level,
Enter the buy deal with the Hammer candle or Ingulf candle signal
Consider your risk management before entering a trade.
This analysis is for informational purposes only and does not constitute investment advice.
All consequences of using this signal are at your own risk.
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!❤
GBPCAD for Fluffy CatWe ran into some tech issues, and we will work with the live stream provider in the coming week. Anyway, there isn't much for us on GBPCAD.
The Higher-Timeframe, Weekly and Daily chart is showing a bullish trend, however the 4-hourly and 1-hourly chart is on a bearish trend.
Key Resistance level at 1.7634
Key Support level at 1.7467
Given a choice, any of my 12 pairs would be a better fit compare to GBPCAD.
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
GBPCAD Is Goes DownIf the failure of the ceiling of the ascending channel is confirmed, it can be up to the middle line of the channel at the beginning of the work
and in the second place to drop to the bottom of the channel
A Long trade on GBP/CAD on Daily TF.Here is a Long trade on GBP/CAD on 1 DAY Time Frame forming ASCENDING CHANNEL and Following "DOW THEORY".
Long-term Short IdeaExpecting this pair to continue the sell momentum from marked areas. However i'm expecting a nice buy from the lower level
